Default Rate
Default Rate. Shall mean the lower of (a) the highest rate permitted by law, or (b) 21.00% per annum.
Found in
Organic Alliance, Inc. contract
Default Rate. Means, at any time, the Interest Rate plus 5.00% .
Found in
TURBOSONIC TECHNOLOGIES INC contract
Default Rate. Shall mean the lower of (i) twenty-four percent (24%) or (ii) the Maximum Rate.
Default Rate. Shall mean five percent (5%) above the prime rate as published in The Wall Street Journal at the time an Event of Default occurs.
Found in
Clearwire Corp contract
Default Rate. A rate of interest equal to four (4) percentage points above the prime rate (as announced as of the first day on which the Default Rate is applicable by Citibank N.A., or its successor).
Found in
Great Wolf Resorts, Inc. contract
Default Rate. Shall mean the Prime Rate plus two percent (2%).
Found in
WMS INDUSTRIES INC contract
Default Rate. Means an annual floating rate of interest equal to two (2) percentage points in excess of the prime rate of interest as announced from time to time by Bank of America, or its successor.
Found in
Millennial Media Inc. contract
Default Rate. Is the lower of (i) the fixed rate of interest set forth in the Note plus four percent (4%) per annum or (ii) the maximum rate not prohibited by applicable law.
Found in
TENGION INC contract
Default Rate. Means (i) during the Fixed Rate Period, an annual interest rate equal to four (4) percentage points above the Fixed Interest Rate; and (ii) during the Extension Period, a variable annual interest rate equal to four (4) percentage points above the Adjustable Interest Rate in effect from time to time. However, at no time will the Default Rate exceed the Maximum Interest Rate.
Default Rate. For each Equipment Advance and Growth Capital Advance, five percent (5%) above the highest rate otherwise applicable thereto.
All Definitions
Found in
HANSEN MEDICAL INC contract
