Penalty Rate definition

Penalty Rate means the Stated Rate plus two percent (2.00%) per annum of the Liquidation Price of each share of Series A Preferred Stock.

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Penalty Rate means, in respect of an overdue amount under an Account, the rate as determined by us in accordance with our Local Practice applicable to that Account;

Penalty Rate means 10.0% per annum.

Examples of Penalty Rate in a sentence

• The Penalty Rate applies to new and outstanding account balances if you fail to make the required minimum payment to Nusenda Federal Credit Union within 60 days after the payment is due.

• Any introductory or promotional rate that applies to new or outstanding Account balances will increase to the standard rate that would otherwise apply, or, when appropriate under the terms of this Agreement, a Penalty Rate due to an Adjustment Event (as indicated above).

• If the Indemnifying Party delays making payment beyond the due date hereunder, such party shall pay interest on the amount unpaid at the IRS Penalty Rate for each day and the actual number of days for which any amount due hereunder is unpaid.

• If at any time we have not received the required minimum monthly payment within 60 days of the respective payment due date, we may increase the applicable APR to the Penalty Rate.

• Please see the ACCOUNT OPENING DISCLOSURE for information regarding the Penalty Rate for your Account.

More Definitions of Penalty Rate

Penalty Rate shall have the meaning set forth in Section 5.2.

Penalty Rate means 12.50% per annum.

Penalty Rate means the Base Rate plus four percent (4.00%) per annum.

Penalty Rate means those amounts prescribed in the Agreement to any extent applicable.

Penalty Rate means 12.00% per annum.

Penalty Rate means 11.00% per annum.

Penalty Rate means the three-month Secured Overnight Financing Rate (SOFR) plus eight percent (8.0%).