Penalty Interest Rate definition

Penalty Interest Rate means the then current rate fixed by the Attorney-General under the Penalty Interest Rates Act 1983 (Vic) applicable at the relevant time.

Penalty Interest Rate. Is the interest rate charged by the Inland Revenue Department on unpaid tax under the Tax Administration Act 1994 during the period for which the interest rate for late settlement is payable plus 5% per annum, calculated on a daily basis.

Penalty Interest Rate means, at any time,the higher of: 1.2.70.1. the Interest Rate plus 200 basis points per annum; or 1.2.70.2. the Prime Rate plus 200 basis points per annum;

Examples of Penalty Interest Rate in a sentence

• Landlord shall also be responsible for the removal of waste, ashes, garbage, trash, excelsior, straw, and all other refuse from the Common Area.

• Interest on past due principal and accrued interest thereon shall be calculated as follows: the amount of principal and interest past due multiplied by the Penalty Interest Rate (as defined herein) and multiplied by a fraction, the numerator of which is the number of days such principal and interest is past due and the denominator of which is 360.

• Penalty Interest Rate The annual interest rate shall be adjusted up to 100% if Party A does not perform according to the agreement and the interest shall be calculated and paid in accordance with relevant regulations of the People’s Bank of China.

• Intellect IT reserves the right to charge interest on overdue sums on a day to day basis from the due date to the date of payment at the rate referred to in Section 2 of the Penalty Interest Rate Act 1983 (Vic) (as amended).

• Upon the failure to pay any amount of principal or interest on this Note when due, this Note shall bear interest at the Interest Rate or Penalty Interest Rate, as applicable, plus five percent (5%) per annum from the due date thereof until the same is paid (“Default Interest”).

More Definitions of Penalty Interest Rate

Penalty Interest Rate means penalty interest rate as prescribed for the relevant state being one of the following:

Penalty Interest Rate means twenty per cent (20%) per annum;

Penalty Interest Rate means the penalty interest rate specified in the Facility Letter.

Penalty Interest Rate means the rate for the time being fixed under section 2 of the Penalty Interest Rates Act 1983 (Vic).

Penalty Interest Rate. The Interest Rate plus two percentage points. Vendor: The company of the Xxxxx Group that is specified as the vendor in the Sale Confirmation. Delivery Window: The period (including both the initial date and final date) in which the products must be delivered by XXXXX to the Purchaser at the place stipulated in the Sale Confirmation and in accordance with the rules of interpretation of the Incoterms 2010 (or any

Penalty Interest Rate. Double the Interest Rate. Vendor: The company that is specified as the vendor in the Purchase Confirmation. Delivery Window: The period (including both the initial date and final date) in which the products must be delivered by the Vendor to XXXXX at the place stipulated in the Purchase Confirmation and in accordance with the rules of interpretation of the Incoterms 2010 (or any

Penalty Interest Rate means the rate fixed from time to time under section 2 of the Penalty Interest Rates Xxx 0000.