Define: Default Interest Rate

What does "Default Interest Rate" mean? The meaning differs based on the contract. We found 3 definitions across 1 company in SEC filings.

Definition 1 (Blackstone Inc., seen in 1 filing)

Default Interest Rate means the lower of (i) the sum of (a) the Prime Rate and (b) 5%, or (ii) the highest rate of interest permitted under applicable law.

Source: Blackstone Inc. 10-Q

Definition 2 (Blackstone Inc., seen in 1 filing)

Default Interest Rate means the lower of (i) the sum of (a) the Prime Rate and (b) 5% or (ii) the highest rate of interest permitted under applicable law.

Source: Blackstone Inc. 10-Q

Definition 3 (Blackstone Inc., seen in 1 filing)

Default Interest Rate means means the lower of (i) the sum of (a) the Prime Rate and (b) 5% or (ii) the highest rate of interest permitted under applicable law.

Source: Blackstone Inc. 10-Q

Data extracted from 8 SEC EDGAR filings across 1 company. Source: Material contracts (Exhibit 10) filed under Regulation S-K.

This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.

Occurrences: 8
Companies: 1
Keywords:
Default Interest Ratedefinitioncontract languagelegal termSEC filing

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