Tax Lien Interest Rate definition

Tax Lien Interest Rate. The rate of 18% per annum, compounded daily, in the case of Tax Liens where the assessed value of the Property is greater than $250,000, or 5% per annum, compounded daily, in the case of Tax Liens where the assessed value of the Property is $250,000 or less; provided, however, that such rate shall be the statutory judgment rate of interest, currently 9% per annum, in the case of any Tax Lien with respect to which a judgment of foreclosure has been entered.
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Tax Lien Interest Rate. The rate of 18% per annum, compounded daily, in the case of Tax Liens where the assessed value of the Property is greater than $250,000, or 7% per annum, compounded daily, in the case of Tax Liens where the assessed value of the Property is $250,000 or less, except that in the case of Bankruptcy Tax Liens where the Property Owner was Bankrupt as of the applicable Conveyance Date, 7% per annum, compounded daily, on the water and sewer component; provided, however, that such rate shall be the statutory judgment rate of interest, currently 9% per annum, in the case of any Tax Lien with respect to which a judgment of foreclosure has been entered.
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Tax Lien Interest Rate means, with respect to any Tax Lien, the annual rate at which interest accrues on the Tax Lien Principal Balance of such Tax Lien.
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Related to Tax Lien Interest Rate

  • Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Mortgage Interest Rate The annual rate of interest borne on a Mortgage Note.

  • Net Interest Rate means with respect to any Note, the Interest Rate for such Note minus the Servicing Fee Rate applicable to such Note.

  • Collateral Interest Rate means the rate published in The Wall Street Journal as the “Prime Rate” from time to time (or, if more than one such rate is published, the arithmetic mean of such rates), or, if such rate is no longer published, a successor rate agreed to by Buyer and Seller, in each case determined as of the date the obligation to pay interest arises, but in no event more than the maximum rate permitted by applicable Law in transactions involving entities having the same characteristics as the Parties.

  • 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;

  • Bond Interest Rate means, with respect to any Tranche of Storm Recovery Bonds, the rate at which interest accrues on the Storm Recovery Bonds of such Series or Tranche, as specified in the Series Supplement.