Late Payment Interest Rate definition

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

• Upon receipt of the Notice of Shortfall, the DTHO shall immediately, and in any event no later than 2 (two) calendar days from the date of receiving such Notice of Shortfall pay the Shortfall Amount together with interest at the Late Payment Interest Rate for the period from the date when the payments should have been made by the DTHO until the actual date of payment in the manner set out in Clause 14 of the Agreement.

• Upon receipt of the Notice of Shortfall, the IPTVO shall immediately, and in any event no later than 2 (two) calendar days from the date of receiving such Notice of Shortfall pay the Shortfall Amount together with interest at the Late Payment Interest Rate for the period from the date when the payments should have been made by the IPTVO until the actual date of payment in the manner set out in Clause 14 of the Agreement.

• Upon receipt of the Notice of Shortfall, the HITSO shall immediately, and in any event no later than 2 (two) calendar days from the date of receiving such Notice of Shortfall pay the Shortfall Amount together with interest at the Late Payment Interest Rate for the period from the date when the payments should have been made by the HITSO until the actual date of payment in the manner set out in Clause 15 of the Agreement.

• Any amounts not paid when due shall bear interest until paid at the Late Payment Interest Rate.

• Upon receipt of the Notice of Shortfall, the MSO shall immediately, and in any event no later than 2 (two) calendar days from the date of receiving such Notice of Shortfall pay the Shortfall Amount together with interest at the Late Payment Interest Rate for the period from the date when the payments should have been made by the MSO until the actual date of payment in the manner set out in Clause 15 of the Agreement.

More Definitions of Late Payment Interest Rate

Late Payment Interest Rate means the Prime Rate plus one (1) percent per annum.

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 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 has the meaning set forth in Article 5.3.1.

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 the policy rate (currently known as "BI 7-Days Repo Rate", or any substituting reference) per annum which is announced by the Board of Governors of the Central Bank Of Indonesia (Bank Indonesia) in each Monthly Board of Governors Meeting (provided that if the rate of interest cannot be determined, the rate most nearly approximating this rate having regard to comparable indices then available in the financial markets) plus two percent (2%), which shall be applied to any overdue amount from and including the Day on which such amount is due and payable under this Agreement to the Day of actual payment, and shall be calculated on the basis of the actual number of Days elapsed and a three hundred and sixty (360) Day year and shall accrue from Day to Day; Tingkat Suku Bunga Keterlambatan Pembayaran berarti kebijakan suku bunga (saat ini dikenal sebagai "BI 7-Days Repo Rate", atau istilah lainnya) setiap tahun yang diumumkan oleh Dewan Gubernur Bank Indonesia dalam setiap Rapat Dewan Gubernur Bulanan (dengan ketentuan bahwa jika tingkat suku bunga tidak dapat ditetapkan, tingkat suku hampir mendekati tingkat suku yang dapat dibandingkan dengan indeks yang tersedia di pasar finansial) ditambah dua persen (2%), yang berlaku terhadap jumlah yang lewat jangka waktu dan termasuk Hari dimana jumlah tersebut jatuh tempo dan dapat ditagih berdasarkan Perjanjian ini hingga Hari dimana pembayaran aktual, dan harus dihitung dengan dasar jumlah Hari yang secara aktual berlalu dengan jumlah Hari dalam satu tahun setara dengan tiga ratus enam puluh (360) Hari dan terus dihitung dari Hari ke Hari; Laws means any decree, resolution, law, statue, act, ordinance, rule, direction (to the extent having the force of law), order, treaty, code or regulation (including any of the foregoing relating to health or safety matters or any Environmental Law) or any interpretation of the foregoing, as enacted, issued or promulgated by any Governmental Instrumentality including amendments, modifications, exclusions, replacements or re-enactments thereof, and includes any injunction or final non-appealable judgment directly applicable to the relevant party of any Governmental Instrumentality having jurisdiction over the matter in question; Hukum berarti segala keputusan, ketetapan, hukum, undang-undang, penetapan, peraturan, aturan, arahan (sejauh memiliki kekuatan hukum), perintah, perjanjian, kode atau regulasi (termasuk hal-hal sebelumnya tersebut berkenaan dengan kesehatan dan keselamat...

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.