Overdue Rate definition

Overdue Rate means, on any date, a per annum rate of interest equal to the lesser of fifteen percent (15%) and the maximum rate then permitted under applicable law.

Overdue Rate. On any date, a rate equal to five (5) percentage points above the Prime Rate, but in no event greater than the maximum rate then permitted under applicable law.

Overdue Rate when used with respect to any series of the Debt Securities, means the rate designated as such in or pursuant to the Board Resolution or the supplemental indenture, as the case may be, relating to such series as contemplated by Section 3.01.

Examples of Overdue Rate in a sentence

• All reasonable sums so paid by Xxxxxxxx and all costs and expenses (including attorneys’ fees and expenses, in each a case, to the extent permitted by law) so incurred, together with interest thereon (to the maximum extent permitted by law) at the Overdue Rate from the date on which such sums or expenses are paid or incurred by Landlord, shall be paid by Tenant to Landlord on demand.

• In the event that Tenant shall fail to bond or discharge such lien, or provide such security or title indemnity for such lien, Landlord may, but shall not be obligated to, in addition to all other rights and remedies in this Master Lease, have the right to procure such discharge by filing such bond and Tenant shall pay the cost of such bond to Landlord (together with interest at the Overdue Rate) as Additional Charges upon the first day that Rent shall be due thereafter.

• Any amounts which become payable by Tenant under this Section shall bear interest (to the extent permitted by law) at the Overdue Rate from ten (10) Business Days following the date of demand to the date of payment.

• As used in the foregoing clauses (i), (ii) and (iii), the “worth at the time of award” shall be computed by allowing interest at the Overdue Rate from the date when due to the date paid.

• Any amounts which become payable by Tenant under this Section shall bear interest (to the extent permitted by law) at the Overdue Rate from ten (10) Business Days following the date of demand to the date of payment, unless such amount is being contested in good faith.

More Definitions of Overdue Rate

Overdue Rate generally means a rate of interest equal to the Suncorp-Metway variable business lending rate applicable from time to time plus two per cent and if at any time this rate ceases to be published, then such other rate per annum as may be determined after request by Sunwater by a nominee of the President of the Institute of Chartered Accountants in Australia (Queensland Branch).

Overdue Rate means (a) with respect to the Loan Basic Rent, and any other amount owed under or with respect to the Credit Agreement or the Security Documents, the rate specified in Section 2.8(b) of the Credit Agreement, (b) with respect to the Lessor Basic Rent, the Holder Yield and any other amount owed under or with respect to the Trust Agreement, the Holder Overdue Rate, and (c) with respect to any other amount, the amount referred to in clause (y) of Section 2.8(b) of the Credit Agreement.

Overdue Rate means the lesser of (a) the highest interest rate permitted by Applicable Law and (b) an interest rate per annum (calculated on the basis of a 365-day (or 366-day, if appropriate) year equal to 2.0% above the Base Rate in effect from time to time or, in the case of Yield, 2% above the Lessor Rate.

Overdue Rate means as of any date, a rate per annum equal to the Prime Rate as of such date, plus two percent, but in no event greater than the maximum rate then permitted under applicable law.

Overdue Rate means, unless otherwise specified in the Securities of any series, the same rate as the rate of interest specified in the Securities of such series or, in the case of a series of Original Issue Discount Securities, the Yield to Maturity of such series of Securities.

Overdue Rate. On any date, a rate equal to the Base Rate plus 1.25% per annum, but in no event greater than the maximum rate then permitted under applicable law.

Overdue Rate means the maximum rate of interest permitted by the laws of the State, if applicable, or the Prime Rate plus 1%, whichever is lower.