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

Examples of Overdue Interest Rate in a sentence

• The interest shall accrue at the Overdue Interest Rate then in effect for the period beginning on the day after a required payment date and ending on the date on which payment is received in full.

• Payment made in accordance with this Section shall be made through the Authority Portal as a lump sum equal to the total amount of the Shortfall together with the appliable Late Payment Penalty and any interest accrued thereon at the Overdue Interest Rate.

• Any Shortfall shall be subject to the applicable Late Payment Penalty for each and every CBD Trip that is the subject of the Shortfall, and the amount of the Shortfall together with the applicable Late Payment Penalty shall bear interest at the Overdue Interest Rate from the date originally due in accordance with this Article II until the date paid in full.

• The Company shall be liable to the Authority for the payment of interest at the Overdue Interest Rate then in effect, in addition to the amount owed, if the Company fails to timely pay to the Authority any amount owed in accordance with this Agreement, including, without limitation, on any CBD FHV Toll Charge, Shortfall, Late Payment Penalty, and any other demands for payment under this Agreement.

More Definitions of Overdue Interest Rate

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;

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 means the lesser of (a) five percent (5%) per annum over the interest rate in effect under the terms of the Note immediately prior to the time the Overdue Interest Rate is applicable, or (b) the maximum interest rate provided by law.

Overdue Interest Rate means three percent (3%) per annum over the “prime” interest rate quoted from time to time by Bank of America, or its successor, or such other national bank with offices in Philadelphia as may be selected by Landlord (any of such being referred to herein as the “Bank”), as its “prime” rate of interest.