Stipulated Rate of Interest definition

Stipulated Rate of Interest means that rate of interest that, at the time payment of any amount falls due under this Lease, is equal to the prime lending rate charged by a Canadian chartered bank selected by the Landlord to its most credit worthy customers at Toronto.
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Stipulated Rate of Interest means the prime rate of interest charged from time to time by the chartered bank of the Landlord at their respective head offices expressed as an annual rate by the Bank from time to time as a reference rate for commercial loans denominated in Canadian dollars and made by the said Bank in Canada as announced and adjusted from time to time by the said Bank plus five percent (5%) per annum.
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Stipulated Rate of Interest means the rate equal to two percent (2%) per year above the current referential rate charged from time to time by the Royal Bank of Canada to its most creditworthy customers.
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Examples of Stipulated Rate of Interest in a sentence

  • All rent in arrears shall bear interest at the Stipulated Rate of Interest of one and one half percent (1.5%) per month from the date on which the same became due until the date of payment thereof.

  • All Rent in arrears shall bear interest at the Stipulated Rate of Interest from the date on which the same became due until the date of payment thereof.

  • All arrears of rent and any monies paid by the Landlord hereunder shall bear interest at the Stipulated Rate of Interest from the time such sums become due until paid to the Landlord.

  • If the Tenant fails to pay within ten (10) days from when due any Basic Rent or Additional Rent, the unpaid amount will bear interest from the due date to the date of payment at the Stipulated Rate of Interest and such interest shall be calculated and payable monthly.

  • All arrears of Rent and any moneys paid by the Landlord hereunder shall bear interest at the Stipulated Rate of Interest from the time such arrears become due until paid to the Landlord.

  • In addition, the Landlord shall be entitled to collect to pro-rated amount of interest computed at the Stipulated Rate of Interest upon all arrears of Rent with a minimum of one (1) month's interest as aforesaid, if the Rent is in arrears for more than five (5) working days.

  • Upon recalculation any GPA below a 2.0 will result in the student being declared ineligible for the remaining grading period.

  • Should the Landlord undertake any repairs or maintenance, then the Tenant will pay to the Landlord the cost of such work or monies expended and shall until paid to the Landlord bear interest at the Stipulated Rate of Interest in Section 4.12 and be recoverable as Additional Rent reserved hereunder.

  • If the Tenant fails to pay, when the same is due and payable, any Basic Rent, Additional Rent or other amounts payable by the Tenant under this Lease, such unpaid amounts bear interest at an annual rate equal to the Stipulated Rate of Interest.

  • Landlord hereunder shall, if not paid when due, bear interest at the Stipulated Rate of Interest from the date due until payment thereof.


More Definitions of Stipulated Rate of Interest

Stipulated Rate of Interest means the standard rate of interest charged or imputed by the Landlord, acting reasonably, in respect of the operation of the Complex, as adjusted from time to time.
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Stipulated Rate of Interest means the Prime Rate plus four percent (4%) as an annual rate compounded monthly;
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Stipulated Rate of Interest means the prime rate of interest charged from time to time by The Royal Bank of Canada at its head office in Toronto to its most preferred borrowers, plus three percent (3%) per annum.
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Stipulated Rate of Interest means that rate of interest at the time such interest falls due under this Lease which is the Prime Rate plus two percent (2%) per annum.
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Stipulated Rate of Interest means the prime rate of interest charged from time to time by the Royal Bank of Canada at its head office in Toronto to its most preferred borrowers, plus three percent (3%) per annum.
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Stipulated Rate of Interest means the lesser of (1) twelve percent (12%) per annum or (2) the maximum rate of interest permitted by Applicable Law.
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Related to Stipulated Rate of Interest

  • Prime Rate of Interest means that rate of interest designated as such by Fleet National Bank of Connecticut, N.A., or any successor thereto, as the same may from time to time fluctuate.

  • Reset Rate of Interest means, in relation to a Reset Interest Period, the 7-year Mid-Swap Rate determined for such Reset Interest Period by the Fiscal Agent in accordance with Condition 5 (Interest);

  • Initial Rate of Interest means the initial rate of interest per annum specified as such in the relevant Final Terms;

  • Default Rate of Interest means a rate of interest per annum equal to the sum of: (i) two percent (2%), (ii) the Chase Bank Rate, and (iii) the then Applicable Margin for Chase Bank Rate Loans, which rate the Agent shall be entitled to charge the Borrowers on all Obligations due the Lenders or the Agent by the Borrowers to the extent provided in Section 10.2 of this Financing Agreement.

  • Rate of Interest means the rate of interest payable from time to time in respect of this Note and that is either specified or calculated in accordance with the provisions hereon.

  • Maximum Rate of Interest It is intended that the rate of interest hereon shall never exceed the maximum rate, if any, which may be legally charged on the loan evidenced by this Note ("Maximum Rate"), and if the provisions for interest contained in this Note would result in a rate higher than the Maximum Rate, interest shall nevertheless be limited to the Maximum Rate and any amounts which may be paid toward interest in excess of the Maximum Rate shall be applied to the reduction of principal, or, at the option of HSBC, returned to the Company.

  • Subsequent Reset Rate of Interest means, in respect of any Subsequent Reset Period, the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the relevant Mid-Swap Rate and the relevant Subsequent Margin.

  • First Reset Rate of Interest means, in respect of the First Reset Period and subject to Condition 5.2(b), the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the Reference Rate and the First Margin;

  • Reference Rate of Interest Event means, with respect to the Swap Rate or any subsequent Reference Rate of Interest (the "Reference Rate of Interest") one of the following events:

  • Substitute Reference Rate of Interest Adjustments means such adjustments as are determined by the Issuer to be consistent with enabling the correct functioning of the Substitute Reference Rate of Interest (which may include, without limitation, adjustments to the applicable screen page, Business Day Convention, the definition of Business Day, the Interest Determination Date, the Day Count Fraction or any method or definition for obtaining or calculating the Substitute Reference Rate of Interest).

  • Stated Rate has the meaning set forth in Section 2.7.

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • LIBOR Base Rate means, for each Interest Period, the London interbank offered rate for six-month deposits in Dollars for value the first day of such Interest Period (or, in the case of the initial Interest Period, for value the Interest Payment Date occurring on or next preceding the first day of such Interest Period), as reasonably determined by the Bank and expressed as a percentage per annum.

  • Negotiated Rate with respect to each Swing Line Loan, the rate per annum agreed to in writing by the Borrower and the Swing Line Lender as the interest rate which such Swing Line Loan shall bear.

  • LIBOR-Based Rate means, with respect to each Interest Period, the per annum interest rate equal to the London Interbank Offered Rate which appears on Telerate Page 3750 at approximately 11:00 a.m. (London time) two LIBOR Business Days prior to the first day of such Interest Period for deposits of United States dollars for a period of time comparable to the Interest Period, and in an amount comparable to the principal amount of the Loan, plus 0.35%.

  • Designated Rate means the rate of interest per annum described in the Supplement as being applicable to an outstanding Loan from time to time.

  • LIBOR Rate Option means the option of the Borrower to have Loans bear interest at the rate and under the terms set forth in Section 4.1.1(a)(ii) [Revolving Credit LIBOR Rate Option].

  • Eurodollar Base Rate has the meaning specified in the definition of Eurodollar Rate.

  • Ceiling Rate means, with respect to any Calculation Period, the rate set forth as the “Ceiling Rate” on the attached Schedule I.

  • Increased Rate means, with respect to any Increased Rate Period for a Series of RVMTP Shares, the Index Rate for such Increased Rate Period plus an Applicable Spread of 5.92%.

  • Floating Rate Option has the meaning given to it in the ISDA Definitions;

  • Base Rate means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of:

  • Reference Rate Advance means an Advance which bears interest as provided in Section 2.09(a).

  • Notice of Interest Rate Election has the meaning set forth in Section 2.10.

  • LIBOR Rate means a rate per annum (rounded upwards, if necessary, to the next higher 1/100th of 1%) determined by the Administrative Agent pursuant to the following formula: LIBOR Rate = LIBOR

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.