Default Rate

Example Definitions of "Default Rate"
Default Rate. That rate of interest which is five (5) percentage points above the annual rate of interest which is publicly announced by First Union Bank ("First Union") from time to time as its "prime" rate of interest, irrespective of whether such rate is the lowest rate of interest charged by First Union to commercial borrowers. In the event that First Union 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 Arrow
Found in YELLOW BRIX INC contract
Default Rate. Shall mean a per annum rate of interest equal to the Prime Rate plus 2% per annum.
Found in METROCORP INC contract
Default Rate. Means the Stated Interest Rate plus 4% per annum.
Found in WINDROSE MEDICAL PROPERTIES TRUST contract
Default Rate. Shall mean fifteen percent (15%), or the highest rate permitted by applicable Law, whichever shall be less.
Found in AQUANTIVE INC contract
Default Rate. Shall mean an interest rate equal to six percent (6%) per annum above the so-called annual "Prime Rate" of interest established and published by the Wall Street Journal (or any successor thereto), from time to time, but in no event greater than the highest lawful rate from time to time in effect. If the Wall Street Journal (or any successor thereto) shall cease to establish and publish a "Prime Rate," then Landlord shall select a commercial bank that shall then establish and publish a prime or... base rate and the rate to be used for the purposes of this definition shall be the prime or base rate established by such commercial bank, and if no such commercial bank shall establish and publish a prime or base rate, the rate to be used for the purposes of this definition shall be a comparable rate for the purposes of establishing the cost of money as determined by Landlord, acting in a reasonable manner. View More Arrow
Found in CREDENCE SYSTEMS CORP contract
Default Rate. The rate of interest per annum specified in the Note to be payable when a Default has occurred and is continuing.
Found in PEPLIN INC contract
Default Rate. The term "Default Rate" means the rate of interest otherwise payable on this Note plus seven percent (7%).
Found in GlobalGold Corp contract
Default Rate. Means a variable rate of interest per annum equal to the Prime Rate plus four percent (4%).
Found in Blackhawk Biofuels, LLC contract
Default Rate. Means the rate of interest payable upon an Event of Default as provided in the Note.
Found in Blackhawk Biofuels, LLC contract
Default Rate. The default interest rate provided in the Promissory Notes.
Found in SIELOX INC contract
All Definitions