Standard Interest definition

Standard Interest means the aggregate of the REPO Rate published by the Bank of Mauritius plus 650 (six hundred and fifty) basis points;
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Examples of Standard Interest in a sentence

  • In the event of delay beyond such period, the defaulting Party shall pay interest for the period of delay calculated at a rate equal the Standard Interest per year, and recovery thereof shall be without prejudice to the rights of the Parties under this Agreement including Termination thereof.

  • In case the payment of any Invoice for charges payable under this Agreement is delayed by either Party (“Owing Party”) beyond its Due Date, a Late Payment Surcharge shall be payable by the Owing party to the Owed Party at the rate of the Standard Interest per year on the outstanding amount, calculated on a day to day basis for each day of the delay, compounded on monthly rests.

Related to Standard Interest

  • Fixed Rate means, with respect to any Competitive Loan (other than a Eurodollar Competitive Loan), the fixed rate of interest per annum specified by the Lender making such Competitive Loan in its related Competitive Bid.

  • Interest Amount means, in relation to a Note and an Interest Period, the amount of interest payable in respect of that Note for that Interest Period;