Default Rate

Example Definitions of "Default Rate"
Default Rate. Shall mean the lower of (A) fifteen percent (15%) per annum and (B) the highest rate of interest from time to time permitted under applicable federal and state law.
Found in Aldeyra Therapeutics, Inc. contract
Default Rate. Shall mean the The lower of (A) (i) fifteen percent (15%) per annum and (B) annum, or (ii) the highest rate of interest from time to time time-to-time permitted under applicable federal and state law.
Found in ENERNOC INC contract
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Default Rate. The lesser of (a) a fixed annual rate equal to 5% plus the Note Rate and (b) the maximum rate of interest permitted by applicable law
Found in PHILLIPS EDISON GROCERY CENTER REIT II, INC. contract
Default Rate. The lesser of (a) a fixed annual rate equal to 5% 4% plus the Note Rate and (b) the maximum rate of interest permitted by applicable law
Found in LaSalle Hotel Properties contract
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Default Rate. Shall mean the lesser of: (i) the maximum rate of interest permitted by applicable law which may be charged on the outstanding principal amount of this Note and (ii) the LIBOR Rate plus the Applicable Margin or 'the Variable Rate', in each instance as then in effect, plus 2.00% per annum.
Found in ARK RESTAURANTS CORP contract
Default Rate. Shall mean the lesser of: (i) the maximum rate of interest permitted by applicable law which may be charged on the outstanding principal amount of this Note and (ii) the LIBOR Rate plus the Applicable Margin or 'the "the Variable Rate', Rate", in each instance as then in effect, plus 2.00% per annum.
Found in ARK RESTAURANTS CORP contract
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Default Rate. The rate per annum 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. The rate per annum equal to the lesser of (A) the sum of 3% 2.0% plus the interest rate otherwise in effect from time to time under this Note and (B) the Maximum Rate.
Found in Medpace Holdings, Inc. contract
Default Rate. The rate per annum equal to the lesser of (A) the sum of 3% 2.0% plus the interest rate otherwise in effect from time to time under this Note and (B) the Maximum Rate.
Found in Medpace Holdings, Inc. contract
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Default Rate. For each Equipment Advance and Growth Capital Advance, five percent (5%) above the highest rate otherwise applicable thereto.
Found in HANSEN MEDICAL INC contract
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
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
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