Default Rate

Example Definitions of "Default Rate"
Default Rate. Shall mean the lesser of eighteen percent (18%) per annum and the maximum rate permitted under applicable law.
Found in FIVE STAR SENIOR LIVING INC. contract
Default Rate. A rate per annum equal to the cost (without proof or evidence of any actual cost) to the relevant payee (as certified by it) of funding the relevant amount plus 1% per annum;
Found in SOLITARIO ZINC CORP. contract
Default Rate. The Default Rate as defined in Paragraph 19(c)(v).
Found in SPORTS AUTHORITY INC contract
Default Rate. Shall mean a rate per annum equal to five percent (5%) plus the LIBOR-Based Rate (or, to the extent applicable pursuant to SECTION 2.5.1 of the Note Purchase Agreement, plus the Funds-Based Rate) in effect from time to time, not to exceed the Maximum Rate.
Found in GLIMCHER REALTY TRUST contract
Default Rate. Means an annual interest rate equal to eighteen (18%) percent. However, at no time will the Default Rate exceed the Maximum Interest Rate.
Found in CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES 3 contract
Default Rate. Means 2 per cent per annum over and above applicable, or such rate as advised by the Bank to the Borrower from time to time.
Found in Majesco contract
Default Rate. Means a rate of interest of 18% per annum.
Found in DECISIONLINK INC contract
Default Rate. Means a rate of interest equal to 10.0% per annum, compounded monthly.
Found in EARTHSHELL CORP contract
Default Rate. Means, with respect to the Revolving Advances other than Special Accommodation Advances, an annual rate equal to three percent (3%) over the Revolving Floating Rate, which rate shall change when and as the Revolving Floating Rate changes, with respect to the Term Advances, an annual rate equal to three percent (3%) over the Term Floating Rate, which rate shall change when and as the Term Floating Rate changes, and with respect to the Special Accommodation Advances, an annual ... rate equal to three percent (3%) over the Special Accommodation Floating Rate, which rate shall change when and as the Special Accommodation Floating Rate changes. View More Arrow
Found in TANDY LEATHER FACTORY INC contract
Default Rate. Fourteen percent (14.0%)
Found in CONSUMER PORTFOLIO SERVICES INC contract
All Definitions