Statutory Interest Rate definition

Statutory Interest Rate means the applicable rate of interest on tax claims
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Statutory Interest Rate means the applicable rate of interest on tax claims as
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Statutory Interest Rate means an annual percentage rate of 3% above the Bank of England base rate from time to time.
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Examples of Statutory Interest Rate in a sentence

  • The rate of interest shall be equal to the Statutory Interest Rate ("Basiszinssatz") plus eight percent.

  • Collaterals refer to all contractual or non-contractual obligations which may arise for Members, including but not limited to payment of due price for Products, Trading Fees, Statutory Interest Rate applicable to monetary obligations, as well as all indemnities owed to CROPEX, including those arising from damages or expenses incurred by CROPEX because of third parties’ claims, VAT, customs or cross border capacity.

  • We agree to pay interest at the Statutory Interest Rate on all payments that we might make late, and on any valuation of works not paid in any Valuation (if subsequently proved to be payable), from the date when payment was properly due/the work should have been valued.

  • Unpaid fees and charges attract interest at the Statutory Interest Rate (currently 8%) from the date of invoice to the date of payment as well as an administration charge of £10 per item of correspondence related to the unpaid sums due.

  • Collaterals refer to all contractual or non-contractual obligations which may arise for Members, including payment of due price for Products, Trading Fees, Statutory Interest Rate applicable to monetary obligations, as well as all indemnities owed to BELEN, including those arising from damages or expenses incurred by BELEN because of third parties claims, VAT, customs or cross border capacity.

  • In case of application of the Serbian substantive law, the interest can be awarded, but as a mandatory value based on the Law on Statutory Interest Rate, and then it is usually calculated from a certain date until the final payment.

  • The Trial Court Correctly Applied the Florida Statutory Interest Rate in the Amended Final Judgment.

  • A member may invest: (1) in the QPP’s fixed return fund, which is credited with interest at the Statutory Interest Rate (currently 8.25% (7.0% for UFT members)), and/or (2)in the QPP’s variable return fund.

  • Collaterals secure all contractual and non-contractual obligations which may arise for Members towards CROPEX, including but not limited to payment of due price for Products, Trading Fees, Statutory Interest Rate applicable to monetary obligations, as well as all indemnities owed to CROPEX, including those arising from damages or expenses incurred by CROPEX because of third parties' claims, VAT, customs or cross border capacity fees.

  • Any sum as it falls due shall carry interest at the Statutory Interest Rate on a daily basis until payment is received by the Company.


More Definitions of Statutory Interest Rate

Statutory Interest Rate means a rate determined from time to time by the Minister, with the concurrence of the Minister of Finance, by notice in the Government Gazette under the Prescribed Rate of Interest Act 55, 1975, as provided for in section 59(3)(a) of the NW Act which shall be charged by DWS to a water user for late payment;
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Related to Statutory Interest Rate

  • Floating Interest Rate means the variable annual interest rate calculated for each Interest Adjustment Period so as to equal the Index Rate for such Interest Adjustment Period (truncated at the 5th decimal place if necessary) plus the Margin. However, in no event will the Floating Interest Rate exceed the Capped Interest Rate.

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • LIBOR Interest Rate means the rate per year (rounded upward to the next one-sixteenth (1/16th) of one percent (0.0625%), if necessary) determined by CNB to be the quotient of (a) the LIBOR Base Rate divided by (b) one minus the Eurocurrency Reserve Requirement for the Interest Period; which is expressed by the following formula: LIBOR Base Rate

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Minimum Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased.

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.