Default Rate

Example Definitions of "Default Rate"
Default Rate. The lower of (i) eighteen percent (18%)or (ii) the Maximum Rate.
Found in Foundation Healthcare, Inc. contract
Default Rate. An interest rate of ten percent (10%) per annum
Found in NETSUITE INC contract
Default Rate. The meaning set forth in the Equipment Note.
Found in Alon USA Energy, Inc. contract
Default Rate. That rate of interest which is five (5) percentage points above the annual rate of interest which is publicly announced by NationsBank of D.C. or its successor entity, if applicable ("NationsBank") from time to time as its "prime" rate of interest, irrespective of whether such rate is the lowest rate of interest charged by NationsBank to commercial borrowers. In the event that NationsBank ceases to announce such a prime rate of interest, Landlord, in Landlord's reasonable discretion, shall... designate the prime rate of interest by another bank located in the Washington, D.C. metropolitan area, which shall be the prime rate of interest used to calculate the default rate. View More Arrow
Found in Sucampo Pharmaceuticals, Inc. contract
Default Rate. An annual rate of interest equal to the lesser of (i) eight percent (8%) per annum or (ii) the maximum rate permitted by law
Found in REX ENERGY CORP contract
Default Rate. SOFR plus 500 basis points
Found in MediaAlpha, Inc. contract
Default Rate. Means fifteen percent (15.00%) per annum.
Found in Holicity Inc. contract
Default Rate. At any time, the Applicable Rate plus three percent (3%)
Found in KONA GOLD SOLUTIONS, INC. contract
Default Rate. Means the lesser of (i) the Interest Rate, plus the rate per annum equal at all times to five percent (5%), or (ii) the maximum rate permitted by applicable law.
Found in BioCardia, Inc. contract
Default Rate. Shall mean ten percent (10%) per annum, or the highest rate permitted by applicable Law, whichever shall be less.
Found in SCHNITZER STEEL INDUSTRIES INC contract
All Definitions