Default Rate

Example Definitions of "Default Rate"
Default Rate. Means a per annum interest rate equal to the lesser of (a) twelve percent (12%) or (b) the maximum interest rate allowable by law.
Found in Vivakor, Inc. contract
Default Rate. As set forth in Annex A.
Found in Enservco Corp contract
Default Rate. At any time, the lesser of: (a) the Applicable Rate plus 12%; and (b) the maximum rate of interest allowed by applicable law
Found in CTI INDUSTRIES CORP contract
Default Rate. Shall have the meaning given to that term in paragraph 5 of this Agreement
Found in Megalith Financial Acquisition Corp contract
Default Rate. Shall mean the rate per annum (based on the actual number of days that principal is outstanding over a year of 360 days) equal to the lesser of (A) the sum of 3% plus the interest rate otherwise in effect from time to time under this Note and (B) the Maximum Rate.
Found in NORTHERN TECHNOLOGIES INTERNATIONAL CORP contract
Default Rate. As defined in the form of Standard Lease attached hereto as Exhibit A.
Found in Aimco OP L.P. contract
Default Rate. At any time, the Applicable Rate plus three (3) percentage points.
Found in Akers Biosciences, Inc. contract
Default Rate. At any time, the Applicable Rate plus 10%
Found in Emerald Bioscience, Inc. contract
Default Rate. Interest at a floating rate four percentage points (4%) above the Base Rate, or at a fixed rate of 18% per year, whichever is greater at any time.
Found in Par Pacific Holdings, Inc. contract
Default Rate. Means the Interest Rate plus 2.00%.
Found in BAKERS FOOTWEAR GROUP INC contract
All Definitions