Default Rate Margin definition

Default Rate Margin means two percent (2%) per annum.
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Default Rate Margin. As agreed upon by the Parties.
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Default Rate Margin has the meaning assigned to that term in the Fee Letter.
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Examples of Default Rate Margin in a sentence

  • The Default Rate Margin shall also apply to each succeeding interest rate change that would have applied had there been no default.

  • After maturity, or after this loan would have matured had there been no default, the Default Rate Margin will continue to apply to the final interest rate described in this Agreement.

  • Interest on any sum payable by Seller under this paragraph (g) shall be at a rate equal to the Post Default Rate Margin or the Accounts Receivable Rate, as applicable.

  • Upon default, including failure to pay upon final maturity, the interest rate on this Note shall be increased by adding a 3.000 percentage point margin ("Default Rate Margin").

  • After maturity, or after this Note would have matured had there been no default, the Default Rate Margin will continue to apply to the final interest rate described in this Note.

  • Seller shall reimburse Buyer for any such costs, including, without limitation, per diem interest at the Post Default Rate Margin.

  • Upon default, the interest rate on this Note shall, if permitted under applicable law, immediately increase by adding an additional 5.000 percentage point margin ("Default Rate Margin").

  • Upon default, the interest rate on this loan shall, if permitted under applicable law, immediately increase by adding an additional 5.000 percentage point margin ("Default Rate Margin").

  • The Default Rate Margin shall also apply to each succeeding interest rate change that would have been applied has there been no default.

  • Upon default, including failure to pay upon final maturity, the interest rate on this Note shall be increased by adding an additional 6.000 percentage point margin ("Default Rate Margin").


More Definitions of Default Rate Margin

Default Rate Margin means, on a cumulative basis, commencing on the third (3rd) day following written notice from Bank to Borrower of the occurrence of an Event of Default, 300 basis points for each 30 day period (or any part thereof) following the occurrence and continuance of such Event of Default.
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Default Rate Margin shall have the meaning set forth in Exhibit 1.
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Related to Default Rate Margin

  • LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Base Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • Floating Rate Margin means 7.50 per cent. per annum.

  • Applicable Interest Rate Margin means (a) as to any Base Rate Advance, the applicable rate per annum set forth below under the caption “Base Rate Spread” and (b) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate Spread”, determined by reference to the higher of (i) the rating of Mondelēz’s long-term senior unsecured Debt from Standard & Poor’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Standard & Poor’s for Mondelēz) and (ii) the rating of Mondelēz’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Moody’s for Mondelēz), in each case on such date: A or higher by Standard & Poor’s A2 or higher by Moody’s 0.000 % 0.805 % A- by Standard & Poor’s A3 by Moody’s 0.000 % 0.920 % BBB+ by Standard & Poor’s Baa1 by Moody’s 0.030 % 1.030 % BBB by Standard & Poor’s Baa2 by Moody’s 0.140 % 1.140 % Lower than BBB by Standard & Poor’s Lower than Baa2 by Moody’s 0.250 % 1.250 % provided that if on any date of determination (x) a rating is available on such date from only one of Standard & Poor’s and Moody’s but not the other, the Applicable Interest Rate Margin shall be determined by reference to the then available rating; (y) no rating is available from either of Standard & Poor’s or Moody’s, the Applicable Interest Rate Margin shall be determined by reference to the rating of any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders and (z) no rating is available from any of Standard & Poor’s, Moody’s or any other nationally recognized statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders, the Applicable Interest Rate Margin shall be 0.250% as to any Base Rate Advance and 1.250% as to any LIBO Rate Advance.

  • Prime Rate Margin is one-quarter of one percent (0.25%).