Maximum Rate of Interest definition

Maximum Rate of Interest. It is intended that the rate of interest hereon shall never exceed the maximum rate, if any, which may be legally charged on the loan evidenced by this Note ("Maximum Rate"), and if the provisions for interest contained in this Note would result in a rate higher than the Maximum Rate, interest shall nevertheless be limited to the Maximum Rate and any amounts which may be paid toward interest in excess of the Maximum Rate shall be applied to the reduction of principal, or, at the option of HSBC, returned to the Company.

Maximum Rate of Interest means the maximum rate of interest specified as such in the applicable Final Terms; and

Maximum Rate of Interest means the rate of interest specified as such in the relevant Final Terms.

Examples of Maximum Rate of Interest in a sentence

• If the applicable Final Terms specifies a Maximum Rate of Interest for any Interest Period, then, in the event that the Rate of Interest in respect of such Interest Period determined in accordance with the provisions of paragraph (b) above is greater than such Maximum Rate of Interest, the Rate of Interest for such Interest Period shall be such Maximum Rate of Interest.

• If any Maximum Rate of Interest or Minimum Rate of Interest is specified in the relevant Final Terms, then the Rate of Interest shall in no event be greater than the maximum or be less than the minimum so specified.

• If the applicable Final Terms specifies a Maximum Rate of Interest for any Interest Period, then, in the event that the Rate of Interest in respect of such Interest Period determined in accordance with the provisions of paragraph (ii) above is greater than such Maximum Rate of Interest, the Rate of Interest for such Interest Period shall be such Maximum Rate of Interest.

• If the applicable Pricing Supplement specifies a Maximum Rate of Interest for any Interest Period, then, in the event that the Rate of Interest in respect of such Interest Period determined in accordance with the provisions of paragraph (b) above is greater than such Maximum Rate of Interest, the Rate of Interest for such Interest Period shall be such Maximum Rate of Interest.

• If any Maximum Rate of Interest or Minimum Rate of Interest is specified in the relevant Pricing Supplement, then the Rate of Interest shall in no event be greater than the maximum or be less than the minimum so specified.

More Definitions of Maximum Rate of Interest

Maximum Rate of Interest. [ ] per cent. per annum

Maximum Rate of Interest means the rate or percentage so specified in the relevant Pricing Supplement.

Maximum Rate of Interest means, in respect of a Tranche of Floating Rate Covered Bonds, the percentage rate per annum (if any) specified as such in the applicable Final Terms. If such rate is so specified, then the interest rate of such Floating Rate Covered Bonds will not exceed such rate even if it might otherwise do so pursuant to the method of calculating the interest rate for such Floating Rate Covered Bonds.

Maximum Rate of Interest means any amount specified as such in the applicable Product and/or Pricing Supplement(s).

Maximum Rate of Interest means the maximum amount of interest that can be charged under the Notes, as specified in the Final Terms (if any);

Maximum Rate of Interest means the rate specified in the relevant Final Terms or Tranche Prospectus, if applicable.

Maximum Rate of Interest has the meaning given in the relevant Final Terms;