Default Rate

Example Definitions of "Default Rate"
Default Rate. The interest rate imposed pursuant to the Indenture with respect to any Defaulted Interest
Found in Drive Shack Inc. contract
Default Rate. Means, with respect to the Series B Notes, that rate of interest that is the greater of (1) 2.00% per annum above the rate of interest stated in clause (a) of the first paragraph of the Series B Notes or (2) 2.00% over the rate of interest publicly announced by JPMorgan Chase Bank, N.A. in New York, New York as its "base" or "prime" rate.
Found in MGE ENERGY INC contract
Default Rate. Is the lower of eighteen percent (18%) per annum or the maximum rate not prohibited by applicable law.
Found in ATHENAHEALTH INC contract
Default Rate. Means a per annum rate of interest equal to the Prime Rate from time to time announced by Bank of America, N.A. or its successor, plus one percent (1.0%), and should Bank of America, N.A. ever cease to do business without a successor, then the Prime Rate for purposes hereof shall be deemed to be the average Prime Rate then charged by the three largest (in terms of deposits) national banking associations then doing business in the United States of America.
Found in NuStar Energy L.P. contract
Default Rate. (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
Found in CAPITAL SENIOR LIVING CORP contract
Default Rate. The Interest Rate plus five percent (5%) per annum, but in no event greater than the maximum lawful rate of interest.
Found in Whitestone REIT contract
Default Rate. The default interest rate specified in the Note.
Found in Veeco Instruments Inc. contract
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. An annual interest rate equal to the lesser of 18% or the maximum interest rate permitted by Applicable Law
Found in Synaptics contract
Default Rate. The maximum rate of interest permitted by applicable law.
Found in Office Depot Inc contract
All Definitions