Late Charge Rate

Example Definitions of "Late Charge Rate"
Late Charge Rate. Shall mean an interest rate per annum equal to the Reference Rate plus two percent (2%) per annum but not to exceed the highest rate permitted by applicable law.
Found in Lennar Corp. contract
Late Charge Rate. Shall mean an interest rate per annum equal to the Reference Rate plus two four percent (2%) (4%) per annum but not to exceed the highest rate permitted by applicable law.
Found in PIERRE FOODS INC contract
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Late Charge Rate. Shall mean an interest rate per annum equal to the higher of two percent (2%) over the Reference Rate or eighteen percent (18%), but not to exceed the highest rate permitted by applicable law.
Found in Heritage Global Inc. contract
Late Charge Rate. Shall mean an interest rate per annum equal to eighteen percent (18%), but not to exceed the highest rate permitted by applicable law.
Found in CLIMACHEM INC contract
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