Default Rate
Default Rate. Means an annual interest rate in effect during a Default Period or following the Termination Date, which interest rate shall be equal to two percent (2.0%) over the applicable Floating Rate or the LIBOR Advance Rate, as the case may be, as such rate may change from time to time.
Found in
CHRISTOPHER & BANKS CORP contract
Default Rate. The Daily Funds Rate plus Ten Percent (10%) per annum.
Found in
Scott's Liquid Gold - Inc. contract
Default Rate. Set forth for such term in Section 2d.
Found in
DONEGAL GROUP INC contract
Default Rate. Shall have the meaning ascribed to such term in the Agreed Upon Terms and Procedures.
Default Rate. Shall mean with respect to any: (a) Note, a rate per annum equal to two percent (2%) per annum in excess of the interest rate which would otherwise be in effect on such Note; or (b) other Obligation, a fluctuating rate per annum equal all times to the sum of the Reference Rate plus 1.50% per annum
Default Rate. The annual rate of interest that shall apply under this Note after the occurrence of an Event of Default, or if no Event of Default has occurred, after the Maturity Date, which interest rate shall always be 18% per annum (but in no event greater than the maximum amount allowed by law) and shall accrue on the Principal Amount and on any disbursement made by the Administrative Agent or a Lender to protect itself under the terms of the Mortgage.
Found in
Clipper Realty Inc. contract
Default Rate. Default Rate
Found in
LiveXLive Media, Inc. contract
Default Rate. Is the lower of sixteen percent (16%) per annum or the maximum rate not prohibited by applicable law.
Default Rate. With respect to the Loan, the default rate of interest specified in the Loan Documents.
Default Rate. Two (2.00%) percent above the Interest Rate as defined in the Notes.
All Definitions
Found in
Accelerize Inc. contract
