Stipulated Interest Rate definition

Stipulated Interest Rate means a rate per annum equal to the rate for U.S. Treasury debt securities of the same tenor as the remaining period of the Charter on the date of calculation plus three (3)%.

Stipulated Interest Rate means, for any period, a rate per annum equal to the Prime Rate in effect during such period plus 2 percent per annum.

Stipulated Interest Rate means the lesser of (i) two percent (2%) per annum above the greater of (A) the published base rate of Citibank, N.A., in New York, New York, in effect from time to time and (B) the rate of interest on the 2009 Designated Installment and (ii) the highest interest rate per annum permitted by Applicable Law.

Examples of Stipulated Interest Rate in a sentence

• Any payment required to be made hereunder and not made at the time specified in the preceding two sentences shall bear interest at the Stipulated Interest Rate or such higher rate actually payable by such Indemnified Party on the delayed payment of the Taxes being indemnified, calculated from the date such payment was required to be made hereunder to the date such payment is actually received by the Indemnified Party.

• To the extent that all or a portion of such amount is not paid on such date, such amount (or the unpaid portion thereof) shall bear interest at the Stipulated Interest Rate from such date until and through the date that such amount has been paid in full.

• Any payment required to be made hereunder and not made at the time specified under this Section 9.07 shall bear interest at the Stipulated Interest Rate or such higher rate actually paid by such Indemnified Party on the delayed payment of the Taxes being indemnified, calculated from the date such payment was required to be made hereunder to the date such payment is actually received by such Indemnified Party.

• In addition, Lessee shall pay, on demand, as Supplemental Rent, to the extent permitted by applicable law, an amount equal to interest at the Stipulated Interest Rate on any part of any installment of Basic Rent not paid when due for any period for which the same shall be overdue and on any payment of Supplemental Rent not paid when due or demanded, as the case may be, for the period until the same shall be paid.

• If Lessee fails to perform any of its obligations hereunder, Lessor may (but shall not be obligated to) discharge such obligation, and the amount of the expenses of Lessor incurred in connection with such discharge shall be deemed Supplemental Rent, payable by Lessee upon demand together with interest thereon at the Stipulated Interest Rate to but excluding the date of payment.

More Definitions of Stipulated Interest Rate

Stipulated Interest Rate means, for any period, a rate per annum equal to LIBOR in effect during such period plus 2% per annum.

Stipulated Interest Rate means the rate of ten percent (10%) per annum.

Stipulated Interest Rate means the interest rate specified in the Memorandum, or, if no rate is so specified, such rate as shall equate to 4 per centum per annum above the Court Rate obtaining pursuant to Section 22, Courts Act, 1981 and ruling at the date from which interest is to run

Stipulated Interest Rate means a rate per annum equal to two per cent (2%); Subsidiary of any Person means a corporation, company or other entity (i) more than 50% of whose outstanding shares or securities (representing the right to vote for the election of directors or other managing authority) are, or (ii) which does not have outstanding shares or securities (as may be the case in a partnership, joint venture or unincorporated association), but more than 50% of whose ownership interest representing the right to make decisions for such other entity is, now or hereafter owned or controlled, directly or indirectly, by such Person, but such corporation, company or other entity shall be deemed to be a Subsidiary only so long as such ownership or control exists; Tax or Taxes means all fees (including documentation, license and registration fees), taxes, assessments, levies, impositions, duties, withholdings and other governmental charges of any nature whatsoever (including taxes based upon or measured by gross receipts, income, profits, sales, use or occupation, and value added, ad valorem, transfer, franchise, withholding, payroll, social security, employment, excise, documentary, stamp, corporation, corporation profits, advance corporation, capital duty, capital gains, capital acquisitions, wealth, vehicle registration, social insurance, and property taxes), together with all interest, fines, penalties and additions imposed with respect to such amounts;

Stipulated Interest Rate in Section 1 of the Lease is hereby amended in its entirety to read as follows:

Stipulated Interest Rate means the interest rate specified in the Memorandum, or, if no rate is so specified, such rate as shall equate to 4 per centum per annum over the rate (as annualised) of interest payable upon tax chargeable under the Capital Acquisitions Tax Act, 1976 and ruling at the date from which interest hereunder is to run

Stipulated Interest Rate means 11.20% per annum (computed on the basis of a 360-day year of 12 30-day months).