Examples of Lending Rate in a sentence

Any payment made beyond the Due Date of Payment, the DISCOM shall pay simple interest at prevailing base Prime Lending Rate of State Bank of India and in case this rate is reduced/increased, such a reduced/increased rate is applicable from the date of reduction.
Delinquent payments to AGMA Health Fund will be subject to a penalty of an additional two percent (2%) above the Prime Lending Rate of the bank of the AGMA Health Fund, prorated daily.
Provided that where if the Allottee does not intend to withdraw from the Project, the Promoter shall pay the Allottee interest at the rate prescribed in the Rules (which is currently equivalent to the prevailing Prime Lending Rate of the State Bank of India plus 2% (two percent per annum)for every month of delay, till the handing over of the possession of the Commercial Unit which shall be paid by the Promoter to the Allottee within 45 (forty-five) days of it becoming due.

More Definitions of Lending Rate

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

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 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.

Lending Rate. The term "Lending Rate" shall mean 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. Signed for Identification By: /s/ Edwix X. Xxxxxxxxx -------------------------------- The Treasurer of Borrower 2

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 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.