Default Rate

Example Definitions of "Default Rate"
Default Rate. An annual floating rate of interest equal to [***] ([***]) 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 Under Armour contract
Default Rate. The maximum rate of interest permitted by applicable law.
Found in Office Depot Inc contract
Default Rate. The greater of (i) ten percent (10%) per annum, or (ii) five percent (5%) per annum plus the discount rate of the Federal Reserve Bank situated nearest the Premises; provided, however, in no event shall the Default Rate exceed the maximum interest rate permitted under applicable law.
Found in Illumina Inc contract
Default Rate. A variable per annum rate equal to the lesser of (1) two percent (2%) in excess of the interest rate otherwise payable hereunder, or (2) the maximum rate allowed by applicable Laws
Found in Astec Inds Inc contract
Default Rate. Means, at any time, the Applicable Rate plus two percent (2%).
Found in Dova Pharmaceuticals Inc. contract
Default Rate. A rate that shall be five percent (5.0%) in excess of the Interest Rate but not more than the maximum rate allowed by law. The Default Rate is imposed as liquidated damages for the purpose of defraying the Lender's expenses incident to the handling of delinquent payments, but are in addition to, and not in lieu of, the Lender's exercise of any rights and remedies hereunder or under applicable law, and any fees and expenses of any agents or attorneys which the Lender may employ. In addition, the... Default Rate reflects the increased credit risk to the Lender of carrying a loan that is in default. Borrower agrees that the Default Rate is a reasonable forecast of just compensation for anticipated and actual harm incurred by the Lender, and that the actual harm incurred by the Lender cannot be estimated with certainty and without difficulty. View More Arrow
Found in LADENBURG THALMANN FINANCIAL SERVICES INC. contract
Default Rate. At any time, means a rate per annum equal to 2.00% above the rate of interest set forth in Section 2 applicable at such time.
Found in PILGRIMS PRIDE CORP contract
Default Rate. Means a rate of twelve percent (12%) per annum, or such lesser rate equal to the highest rate permitted by applicable law.
Found in Kaya Holdings, Inc. contract
Default Rate. The lesser of twelve percent per annum or the maximum rate permitted by law.
Found in UNIVERSAL LOGISTICS HOLDINGS, INC. contract
Default Rate. At any time, the Applicable Rate plus 2.0%
Found in ODYSSEY MARINE EXPLORATION INC contract
All Definitions