Late Payment Interest Rate. 4% more than the average prime rate prevailing at the XX Xxxxxx Xxxxx Bank, N.Y.C. (or any successor bank to that bank), during the period from the date payment was due until payment is actually made
Late Payment Interest Rate. Means the lesser of (a) the per annum rate of interest equal to the prime lending rate as may be from time to time published in The Wall Street Journal under Money Rates on such Day (or if not published on such Day on the most recent preceding Day on which published), plus two (2%) percent or (b) the maximum rate permitted by applicable law.
Late Payment Interest Rate. The "Late Payment Interest Rate" means the "prime interest rate," as published in The Wall Street Journal, plus one (1%) percent.
Examples of Late Payment Interest Rate in a sentence
To avoid doubt, the Late Payment Interest Rate will be updated every 6 months as set out in Clause 9.2. Such interest shall accrue from the date on which payment of Loan or Loan instalment(s) falls due until the date on which full payment is made.
More Definitions of Late Payment Interest Rate
Late Payment Interest Rate means a rate equal to 300 basis points higher than either (a) the rate of interest announced by the Wall Street Journal or its successors as the so- called “Prime Rate,” or (b) if at any time a “Prime Rate” is not announced, the rate of interest charged by banks to their most credit-worthy customers.
Late Payment Interest Rate means the Prime Rate plus one (1) percent per annum.
Late Payment Interest Rate has the meaning set forth in Article 5.3.1.
Late Payment Interest Rate means the interest rate for late payments set by the Bank on 1 April and 1 October each year, based on the sum of:
Late Payment Interest Rate means, for any date, the lesser of (i) twelve percent (12%) per annum and (ii) the maximum rate permitted by Applicable Law.
Late Payment Interest Rate means, for any date, the lesser of (i) the per annum rate of interest equal to the prime lending rate as may from time to time be published in the Wall Street Journalunder “Money Rates” on such day (or, if not published on such day, on the most recent preceding day on which published), plus five percent (5%) and (ii) the maximum rate permitted by Applicable Law.
Late Payment Interest Rate means the penalty interest rate of the prevailing 91-daytreasury bill rate per' annum plus 300 basis points, as provided under Section 2.2.8 of the FITAll Guidelines.