Overdue Interest Rate definition

Overdue Interest Rate means, with respect to any Class, the Interest Rate applicable to such Class.

Overdue Interest Rate means the lesser of (i) an interest rate of 18% per annum, or (ii) the highest lawful rate of interest.

Overdue Interest Rate means the rate of 5% per annum above DBS Prime or such other rate(s) as DBS Bank may determine from time to time, compounded monthly on the last day of each calendar month;

Examples of Overdue Interest Rate in a sentence

• If the Company defaults in a payment of interest on the Securities, it shall pay the defaulted interest and, to the extent permitted by law, interest on defaulted interest at the Overdue Interest Rate to the persons who are Securityholders of record as of a subsequent date designated as a "Special Record Date" for such payment.

• Any installment of interest that is not paid when and as due shall bear interest at the Overdue Interest Rate from the date due to the date of payment thereof, but only to the extent payment of such interest shall be lawful and enforceable.

• Any overdue principal of or interest on any CD Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the higher of (i) the sum of 1-1/2% plus the sum of the Adjusted CD Rate applicable to the Interest Period for such Loan plus the CD Margin for such day and (ii) the Base Overdue Interest Rate for such day.

• Any sums payable by Tenant hereunder which are not paid after the same shall be due shall bear interest, from the due date until paid, at the Overdue Interest Rate.

• Penalty Rate shall mean the higher of (x) 2% per annum in excess of the Prime Rate and (y) 2% per annum in excess of the Overdue Interest Rate.

More Definitions of Overdue Interest Rate

Overdue Interest Rate means the default interest as prescribed in the Loan Details Sheet which is payable on all amounts which are not paid on their respective Due Dates;

Overdue Interest Rate means the rate of 5% per annum above our Prime Rate or such rate as we may determine from time to time, (i) on daily rest basis (if the applicable interest rate of that Facility is on daily rest basis) or (ii) on monthly rest basis which interest to be compounded monthly on the last day of each month (if the applicable interest rate of that Facility is on monthly rest basis);

Overdue Interest Rate means the weighted average rate per annum of interest payable with respect to overdue payments of principal on the Notes Outstanding, computed as set forth in such Notes.

Overdue Interest Rate means the rate of 5% per annum above our Prime Rate or such rate as we may determine from time to time, on monthly rest basis which interest to be compounded monthly on the last day of each month;

Overdue Interest Rate. Two percent (2%) per annum in excess of the "prime rate" then in effect at Citibank, N.A. in New York City (but not to exceed the maximum rate of interest to be charged Tenant for the use, forbearance or detention of money).

Overdue Interest Rate shall have the meaning given to that term in Article 22 hereof.

Overdue Interest Rate means and equal three percent (3 %) per annum over the prime interest rate announced from time to time by the largest commercial bank whose principal office is located in Philadelphia or Xxxxxxxxxx County, Pennsylvania as being its "prime" or benchmark rate of interest.