Default Interest Rate

Example Definitions of "Default Interest Rate"
Default Interest Rate. The rate of twelve percent (12%) per annum.
Found in MANGOCEUTICALS, INC. contract
Default Interest Rate. The rate of five percent (5%) per annum.
Found in KIDPIK CORP. contract
Default Interest Rate. As defined in Paragraph 10 hereof.
Found in HORIZON GROUP PROPERTIES INC contract
Default Interest Rate. Means the highest default rate of interest specified in the credit agreement governing the Senior Credit Facility. -2-
Found in U S PLASTIC LUMBER CORP contract
Default Interest Rate. Means the lesser of 20% or the maximum rate allowed by applicable Law.
Found in DISTRIBUTED ENERGY SYSTEMS CORP contract
Default Interest Rate. The term "Default Interest Rate" means the lesser of (i) five percent (5%) per annum in excess of the "Prime Rate," or (ii) the highest rate allowed bylaw. The "Prime Rate" shall be the rate announced as such from time to time by Bank of America, NT & SA, or its successor. If there shall be no such announced rate of such bank or its successor, then the "Prime Rate" shall be such equivalent rate as is charged from time to time by major money-center banks.
Found in NEXTEST SYSTEMS CORP contract
Default Interest Rate. Shall mean an annual rate of interest equal to the Interest Rate plus three percent (3%).
Found in BIOSPHERE MEDICAL INC contract
Default Interest Rate. Means a rate equal to the lesser of (x) the Applicable Interest Rate plus two percent (2%) or (y) the maximum rate allowed under applicable law.
Found in GLOBAL TRAFFIC NETWORK, INC. contract
Default Interest Rate. Means the higher of (i) the Revolving Interest Rate plus 800 basis points, or (ii) twenty-four percent (24%) per annum.
Found in NEXCORE HEALTHCARE CAPITAL CORP contract
Default Interest Rate. The lower of fifteen percent (15%) and the highest rate permitted by applicable law.
Found in VERITEQ contract
All Definitions