Reference Rate of Interest definition

Reference Rate of Interest means the one-year marginal cost of funds based lending rate (MCLR) of the State Bank of India (SBI) issued from time to time plus 325 basis points;
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Reference Rate of Interest means the rate as defined in the Tariff Regulations 2024;
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Reference Rate of Interest means the reference rate of interest (or equivalent successor rate) set and announced from time to time by ▇▇▇▇▇▇ Financial Corporation as a basis for determining the rate of interest on commercial borrowing, whether or not the Lender makes loans to other customers at, above or below said base rate of interest.
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Examples of Reference Rate of Interest in a sentence

  • Interest on the Note shall be payable at 1st Business Bank's Reference Rate of Interest plus 1/2%, which is the rate announced by Bank from time to time at its Corporate Headquarters as its Reference Rate, and which shall vary concurrently with any change in such rate as announced by bank.

  • All amounts so paid by Landowner, together with interest in the per annum amount equal to two percent (2%) in excess of the Reference Rate of Interest, but in no event in excess of the maximum interest rate permitted by law, from the time of payment until repayment, shall be repaid by Lessee as additional Rent on the next Rent payment date after written notice by Landowner is delivered to Lessee.

  • Wherever in this License reference is made to interest due on sums in connection herewith, such sums shall bear interest from the date at a rate equal to the greater of the Reference Rate of Interest as announced by the Bank of America, N.T. & S.A. plus two percent (2%) as of the date such sum becomes due or the rate of interest required to avoid imputed interest pursuant to the provisions of the Internal Revenue Code of 1986, as amended.

  • Overdue interest If the capital, interest or other remittance in arrears is not remitted in compliance with this agreement on the due date, the Bank shall have the right to charge annual overdue interest on the delayed instalments at six (6) percentage units over the Sampo Reference Rate of Interest, nevertheless 18 % at minimum, from the due date to the actual payment date.

  • Interest on the Term Note shall be payable at 1st Business Bank's Reference Rate of Interest plus 3/4%, which is the rate announced by Bank from time to time at its Corporate Headquarters as its Reference Rate, and which shall vary concurrently with any change in such rate as announced by Bank.

  • Royalty payments not made within the time allowed under this Schedule shall bear interest from the expiration of that time until the time of payment at the rate of A + 5% per annum where "A" is the Australia and New Zealand Banking Group Limited Reference Rate of Interest from time to time.

Related to Reference Rate of Interest

  • Prime Rate of Interest means the prime rate of interest published from time to time in the Wall Street Journal as the prime rate; provided, however that if the Wall Street Journal does not publish the Prime Rate of Interest, then the term “Prime Rate of Interest” shall mean the rate of interest publicly announced by Bank of America, N.A., as its Prime Rate, Base Rate, Reference Rate or the equivalent of such rate, whether or not such bank makes loans to customers at, above, or below said rate.

  • Reference Rate of Interest Event means, with respect to the Swap Rate or any subsequent Reference Rate of Interest (the "Reference Rate of Interest") one of the following events:

  • Substitute Reference Rate of Interest means another reference rate of interest which is either officially announced as the successor reference rate of interest and may be used in accordance with the applicable law or, failing that, in the opinion of the Issuer, comes as close as possible to the composition of the Reference Rate of Interest and may be used in accordance with the applicable law.

  • Reset Rate of Interest means, in relation to a Reset Interest Period, the 7-year Mid-Swap Rate determined for such Reset Interest Period by the Fiscal Agent in accordance with Condition 5 (Interest);

  • Rate of Interest means the rate of interest payable from time to time in respect of this Note and that is either specified or calculated in accordance with the provisions hereon.