SBI PLR means the prime lending rate per annum for loans with 1 (one) year maturity as fixed from time to time by the State Bank of India or any other arrangement that substitutes such prime lending rate as mutually agreed between the Parties.

SBI PLR means the prime lending rate per annum for loans with 1 (one) year maturity as fixed from time to time by the State Bank of India, and in the absence of such rate, the average of the prime lending rates for loans with 1 (one) year maturity fixed by the Bank of India and the Bank of Baroda and failing that any other arrangement that substitutes such prime lending rate as mutually agreed between the Parties.

SBI PLR means the prime lending rate per annum for loans with 1 (one) year maturity as fixed, from time to time by State Bank of India, and in the absence of such rate, the average of the prime lending rates for loans with 1 (one) year maturity fixed by Bank of India and Bank of Baroda and failing that any other arrangement that substitutes such prime lending rate as mutually agreed between the Parties;

Examples of SBI PLR in a sentence

Such sum shall until payment thereof carry simple interest at SBI PLR plus 5% per annum from the due date for payment thereof until the same is paid to or otherwise realised by the Party entitled to the same.
It is agreed by and between the parties that in case a reference is made to the Arbitrator for the purpose of resolving the disputes/ differences arising out of the contract by and between the parties hereto, the Arbitrator shall not award interest on the awarded amount more than the rate of SBI PLR / Base Rate applicable to NFL on date of award of contract.
In such case, recovery of interest calculated @SBI PLR +2% on amount equivalent to SDBG/ PBG value to be made for the gap period (difference between date of start of work and date of submission of BG/ cash recovery).
It is agreed by and between the parties that in case a reference is made to the arbitrator or the arbitration tribunal, the arbitrator or the arbitral tribunal shall not award interest on the awarded amount more than the rate of SBI PLR or actual interest paid by NFL, whichever is lower, prevailing on the date of signing of the contract.
Adequate working capital loan at (SBI PLR + 1 %) interest per annum, for a full operation cycle of the operation of the distributorship will also be provided.

More Definitions of SBI PLR

SBI PLR means prime lending rate of State Bank of India.

SBI PLR means the prime lending rate of the State Bank of India prevailing as on the date of a payment due from which the computation of interest is required to be made under the Agreement;

SBI PLR means the prime lending rate of the State Bank of India prevailing as on the date of a payment due from which the computation of interest is required to be made under the Agreement.

SBI PLR means the medium term prime lending rate of the State Bank of India.

SBI PLR means the State Bank Advance Rate as fixed from time to time by the State Bank of India, and in the absence of such rate any other arrangement that substitutes such prime lending rate as mutually agreed between the Parties;

SBI PLR means the prime lending rate or the benchmark rate of lending announced by the State Bank of India from time to time; (xxvii) “Secured Obligations” shall mean the Borrower’s obligation to pay, repay or reimburse, as the case may be, the principal amounts of the Facility, Interest, Further Interest, Additional Interest, premium on prepayment, all costs, charges and expenses and other monies owing by, and all other present and future obligations and liabilities of the Borrower to the Lender under this Agreement, all costs, charges and expenses including but not limited to the costs, legal expenses and costs of preserving the securities and/or enforcement thereof, incurred by the Lender under the Facility Agreement/Transaction Documents executed by the Borrower; (xxviii) “Security” means the security interest created by the Borrower or any other person to secure all amounts owing by the Borrower to the Lender under this Agreement; (xxix) “Taxes” shall mean and include all present and future taxes, levies, imposts, duties or charges of a similar nature including, without limitation, any corporation, capital gains, income, withholding taxes, gross receipts, franchise, transfer, sales, use, business , occupation, transaction, purchase, value added, excise, goods and services, real or personal property, stamp duty or other taxes whatsoever imposed by any Authority together with