Lending Rate definition

Lending Rate means the annual rate of interest announced from time to time by the Lender. The Lending Rate is a reference rate for the information and use of the Lender in establishing the actual rates to be charged its borrowers. It is not intended to and does not represent the best or lowest rate of interest available to any borrower or class of borrowers. Manner of Calculation. Interest shall be calculated on the basis of a three hundred sixty (360) day year for actual days elapsed. Interest will be charged on the principal balance of the loan that remains outstanding from time to time.

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Lending Rate means 12% per annum.

Lending Rate means, on any date, a rate of interest per annum (based on a three hundred sixty (360) day year and the actual number of days elapsed) equal to, in the case of Fluctuating Rate Loans, the Prime Rate and, in the case of Eurodollar Loans for the Interest Period therein specified, equal to 1.75% in excess of the LIBOR Rate.

Examples of Lending Rate in a sentence

• Owner/Distributor may charge interest at a rate equal to the Small Business Variable Small Overdraft Indicator Lending Rate published by the Reserve Bank of Australia from time to time plus 3%, calculated daily, for any amounts due but unpaid for more than 30 days.

• Upon resolution of the dispute, in case the Power Producer is subsequently found to have overcharged, then it shall return the overcharged amount with an interest of SBI 1 year Marginal Cost of Funds Based Lending Rate (MCLR) per annum plus 7% for the period it retained the additional amount.

• For payment of Monthly Bill by , if paid before Due Date of Payment, a Rebate shall be deducted by at the rate of seven (7) percent in excess of the applicable SBI 1 year Marginal Cost of Funds Based Lending Rate (MCLR) per annum / any replacement thereof by SBI, on the amount paid before due date, calculated on a week or part thereof basis viz.

• All calculation of Rent payable hereunder shall be computed based on the actual number of days elapsed over a year of three hundred sixty (360) days or, to the extent such Rent is based on the Prime Lending Rate, three hundred sixty-five (365) (or three hundred sixty-six (366), as applicable) days.

• The Allottee/s, in case of delay or default, shall be liable to pay to the Promoter monthly interest on amount due at 2% (two percent) above the then existing SBI MCLR (State Bank of India – Marginal Cost of Lending Rate) per annum or (ii) such other rate of interest as may be prescribed under the Act/ Rules /Applicable Laws (“Interest”) from the date they fall due till the date of receipt/realization of payment by the Promoter.

More Definitions of Lending Rate

Lending Rate means the rate of interest established by the board as the lending rate.

Lending Rate means the interest rate applied to pledges;

Lending Rate means, with respect to each Revolving Loan, the lower of (A) Prime Rate and (B) LIBOR Market Index Rate plus 150 basis points (1.50%). Changes in the rate of interest charged hereunder shall become effective as of the opening of business on the day on which such change in the Prime Rate or the LIBOR Market Index Rate, as the case may be, is established.

Lending Rate means the rate announced by U. S. Bank from time to time as its reference lending rate for commercial loans within the United States (but is not intended to be the lowest rate of interest charged by U. S. Bank in connection with extensions of credit to debtors or any classification of debtors). Any change in the reference rate announced by U. S. Bank shall take effect at the opening of business on the day specified in the public announcement of such change. "Reference Rate Loan" means a Loan that bears interest based on the Reference Rate.

Lending Rate or “LR” means the market-determined reference rate used by KMCL in conformity with the guidelines of RBI to determine the interest rates on loans, which is subject to review by KMCL periodically by a board-approved policy.

Lending Rate means, with respect to each Revolving Loan, the lower of (A) Prime Rate and (B) LIBOR Market Index Rate plus 150 basis points (1.50%).

Lending Rate as to any Indemnitee, shall mean the rate of interest applicable to the Prime Rate Loans made pursuant to Paragraph 1 (a) of Exhibit A.