Standard Interest Rate definition

Standard Interest Rate. The term “Standard Interest Rate” shall mean the greater of (a) 6%, or (b) the sum of that rate quoted by ▇▇▇▇▇ Fargo Bank, N.T. & S. A., from time to time as its prime rate, plus two percent (2%), but in no event more than the maximum rate of interest not prohibited or made usurious.

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Standard Interest Rate means 18% per annum.

Standard Interest Rate means the rate of interest determined in terms of a national exchequer act;

Examples of Standard Interest Rate in a sentence

Moreover, the Parties have agreed that the Bank is deemed to have properly warned the Client about changing the Standard Interest Rate if he has informed the Client by posting information on the Bank's Official Website.
Up until the Loan Period End Date, interest shall accrue on the Amount Outstanding at the Standard Interest Rate, such interest to be simple interest calculated on a daily basis, and will be payable to the Lender in addition to the original Loan amount.
In this case, the Parties agree that the Bank shall be deemed to have duly notified the Client of the change in the amount of the Standard Interest Rate if it notifies the Client by posting information on the Bank's Official Website.
Such Additional Rent due from Tenant in payment for the restoration costs that are in excess of the Loss Cap shall be amortized on a straight line basis over the Lease Term (including all remaining Extension Periods whether or not an Option to Extend therefor has then been exercised or not) with interest on the unamortized balance at the Standard Interest Rate.
Accrued interest on the Loan shall be due and payable in arrears on the last Business Day of each calendar quarter (each, an “Interest Payment Date”); provided that in the event of any prepayment of the Loan, accrued interest on the principal amount prepaid (which interest shall be deemed to have accrued at the Standard Interest Rate if such prepayment occurs during the Specified Accrual Period) shall be payable in cash on the date of such prepayment.

More Definitions of Standard Interest Rate

Standard Interest Rate means the interest rate determined under section 89;

Standard Interest Rate means the base lending rates published from time to time by HSBC Bank plc during any relevant period;

Standard Interest Rate means 8% per annum.

Standard Interest Rate means the 2022 Standard Interest Rate, in the case of the 2022 Notes, and the 2026 Standard Interest Rate, in the case of the 2026 Notes.

Standard Interest Rate means, in the case of the 2022 Notes, 1.414% per annum and, in the case of the 2026 Notes, 2.425% per annum.

Standard Interest Rate has the meaning set forth in Section 2(d)(1) of this Agreement.

Standard Interest Rate means 10% per annum.