Maximum Rate definition: Copy, customize, and use instantly
Introduction
The term "Maximum Rate" refers to the highest permissible rate of interest, fees, or charges that can be applied in a financial agreement. It is crucial for ensuring that the terms of the contract comply with applicable laws and regulations, protecting both parties from excessive or illegal charges. Clearly defining the "Maximum Rate" helps establish the limits of financial obligations and maintains transparency in the contract.
Below are various examples of how "Maximum Rate" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Maximum Rate" as an interest rate
This definition ties "Maximum Rate" to the highest allowable interest rate.
"Maximum Rate" means the highest rate of interest allowed by applicable law, which shall not exceed [insert applicable rate or percentage] per annum.
Definition of "Maximum Rate" as a fee limit
This definition connects "Maximum Rate" to a cap on fees charged.
"Maximum Rate" refers to the highest permissible fee charged by the Provider under the Agreement, not exceeding [insert specific amount or percentage] per [unit of time or transaction].
Definition of "Maximum Rate" as a charge cap
This definition links "Maximum Rate" to the cap on charges in the agreement.
"Maximum Rate" means the cap on charges that may be imposed under the Agreement, which shall not exceed [insert applicable amount or percentage] of the total transaction value.
Definition of "Maximum Rate" as a legal limit
This definition ties "Maximum Rate" to legal or statutory limits on rates.
"Maximum Rate" refers to the maximum rate of interest, fees, or charges permitted by applicable law, as defined in [insert applicable law or jurisdiction].
Definition of "Maximum Rate" as an adjustable limit
This definition connects "Maximum Rate" to a rate that may vary within set limits.
"Maximum Rate" means the adjustable rate, which shall not exceed the initial rate of [insert rate]% per annum, subject to adjustments based on changes in the market or legal conditions.
Definition of "Maximum Rate" as an upper threshold
This definition links "Maximum Rate" to an upper threshold for charges or interest.
"Maximum Rate" refers to the upper threshold of interest or fees under the Agreement, which shall not exceed [insert threshold rate] per annum.
Definition of "Maximum Rate" as a percentage of principal
This definition ties "Maximum Rate" to a percentage of the principal amount.
"Maximum Rate" means the highest permissible rate of interest or charges based on the principal amount, not to exceed [insert percentage]% of the principal.
Definition of "Maximum Rate" as a limit for contractual obligations
This definition connects "Maximum Rate" to a limit on the financial obligations of the parties.
"Maximum Rate" refers to the maximum rate that may be applied to any outstanding amounts under this Agreement, as determined by [insert applicable conditions or law].
Definition of "Maximum Rate" as an annual limit
This definition links "Maximum Rate" to a maximum annual rate.
"Maximum Rate" means the highest allowable interest rate or fee chargeable on an annual basis, which shall not exceed [insert annual rate]% per year.
Definition of "Maximum Rate" as a predefined rate
This definition ties "Maximum Rate" to a predefined rate in the agreement.
"Maximum Rate" refers to a fixed, predetermined rate, which shall not exceed [insert agreed rate]% per annum, irrespective of market conditions.
Definition of "Maximum Rate" as a market-based cap
This definition connects "Maximum Rate" to a market-based rate cap.
"Maximum Rate" means the highest rate allowed under this Agreement, subject to prevailing market conditions, not to exceed [insert market-based rate or percentage].
Definition of "Maximum Rate" as a financial cap for loans
This definition links "Maximum Rate" to the maximum rate applicable to loans.
"Maximum Rate" refers to the maximum interest rate that may be charged on the Loan under the Agreement, which shall not exceed [insert rate]% per annum.
Definition of "Maximum Rate" as a ceiling for financial charges
This definition ties "Maximum Rate" to a ceiling on financial charges.
"Maximum Rate" means the ceiling above which no financial charges, including interest or penalties, may exceed, and shall not exceed [insert rate or amount].
Definition of "Maximum Rate" as an allowable range
This definition connects "Maximum Rate" to a specified allowable range for rates.
"Maximum Rate" refers to the range of permissible rates under this Agreement, with a maximum threshold not exceeding [insert maximum rate] per annum.
Definition of "Maximum Rate" as a contractual ceiling
This definition links "Maximum Rate" to a contractual ceiling on charges.
"Maximum Rate" means the highest rate that can be applied to any obligations under this Agreement, and shall not exceed [insert rate]% per annum.
Definition of "Maximum Rate" as an interest rate floor
This definition ties "Maximum Rate" to an interest rate floor for agreements.
"Maximum Rate" refers to the interest rate floor set under this Agreement, which shall not exceed [insert percentage]% per annum, regardless of market fluctuations.
Definition of "Maximum Rate" as an upper limit on variable charges
This definition connects "Maximum Rate" to a cap on variable charges.
"Maximum Rate" means the upper limit on variable charges or interest rates, which shall not exceed [insert applicable rate or percentage] over the term of the Agreement.
Definition of "Maximum Rate" as a rate determined by law
This definition links "Maximum Rate" to a rate determined by law or regulation.
"Maximum Rate" refers to the rate that may be legally charged under applicable laws or regulations, and shall not exceed the limit set by [insert applicable law or regulation].
Definition of "Maximum Rate" as a rate based on the prime lending rate
This definition ties "Maximum Rate" to the prime lending rate.
"Maximum Rate" means the maximum permissible rate based on the prevailing prime lending rate, not to exceed [insert specific amount or percentage] above the prime rate.
Definition of "Maximum Rate" as a capped rate for certain fees
This definition connects "Maximum Rate" to a capped rate for specific fees.
"Maximum Rate" refers to the highest permissible rate for specific fees under this Agreement, which shall not exceed [insert amount or percentage] per fee.
Definition of "Maximum Rate" as a limitation on charges for services
This definition ties "Maximum Rate" to a limitation on service charges.
"Maximum Rate" means the highest charge that may be applied for services rendered under this Agreement, which shall not exceed [insert amount or percentage] per service or transaction.
Definition of "Maximum Rate" as a limit for late payment penalties
This definition connects "Maximum Rate" to penalties for late payments.
"Maximum Rate" refers to the maximum penalty rate applicable for late payments, not to exceed [insert percentage]% of the overdue amount per month.
Definition of "Maximum Rate" as an upper limit for credit card interest
This definition links "Maximum Rate" to the interest rate for credit card balances.
"Maximum Rate" means the maximum interest rate applicable to outstanding balances on credit card accounts, which shall not exceed [insert percentage]% per annum.
Definition of "Maximum Rate" as a cap for annual loan fees
This definition ties "Maximum Rate" to the cap on loan fees for a year.
"Maximum Rate" refers to the cap on any annual fees charged on the Loan, which shall not exceed [insert amount] per year.
Definition of "Maximum Rate" as a limit for credit charges
This definition connects "Maximum Rate" to a limit on credit charges for financing.
"Maximum Rate" means the highest rate of credit charges or finance charges that can be imposed under the terms of this Agreement, not to exceed [insert percentage]% annually.
Definition of "Maximum Rate" as a maximum allowable adjustment
This definition links "Maximum Rate" to a permissible adjustment in pricing.
"Maximum Rate" refers to the maximum allowable adjustment to pricing or fees in any given period, which shall not exceed [insert percentage]% of the original rate.
Definition of "Maximum Rate" as a chargeable rate for international transactions
This definition ties "Maximum Rate" to the rates applied to international transactions.
"Maximum Rate" means the highest chargeable rate for international transactions under this Agreement, not to exceed [insert percentage]% of the transaction value.
Definition of "Maximum Rate" as the rate of return allowed by law
This definition connects "Maximum Rate" to the legal cap on returns.
"Maximum Rate" refers to the maximum rate of return on investment allowed by applicable law, which shall not exceed [insert percentage]% per annum.
Definition of "Maximum Rate" as an upper limit for administrative fees
This definition links "Maximum Rate" to the upper limit for administrative fees.
"Maximum Rate" means the highest administrative fee that can be charged under the terms of this Agreement, which shall not exceed [insert amount] per transaction or period.
Definition of "Maximum Rate" as the permissible interest rate for specific loans
This definition ties "Maximum Rate" to the permissible interest rate for particular loans.
"Maximum Rate" refers to the maximum interest rate that can be charged for [insert type of loan], which shall not exceed [insert percentage]% per annum.
Definition of "Maximum Rate" as a cap on tax rates
This definition connects "Maximum Rate" to a cap on taxes or tax-related charges.
"Maximum Rate" means the highest permissible tax rate applicable to the transaction or agreement, which shall not exceed [insert percentage]% under applicable tax laws.
Definition of "Maximum Rate" as a permissible limit on equity-based charges
This definition links "Maximum Rate" to equity-based charge limits.
"Maximum Rate" refers to the maximum allowable charge on equity transactions, which shall not exceed [insert percentage]% of the equity value.
Definition of "Maximum Rate" as a limit for cost increases
This definition ties "Maximum Rate" to the allowable limit for cost increases in contracts.
"Maximum Rate" means the maximum percentage by which costs can increase under the terms of the Agreement, not exceeding [insert percentage]% per year.
Definition of "Maximum Rate" as a statutory rate cap for financial institutions
This definition connects "Maximum Rate" to the statutory cap for financial institutions.
"Maximum Rate" refers to the rate cap that financial institutions must adhere to as defined by statutory regulation, which shall not exceed [insert applicable rate] per annum.
Definition of "Maximum Rate" as a limit on cumulative charges
This definition links "Maximum Rate" to the cumulative charges over time.
"Maximum Rate" means the highest cumulative charge that can be applied over the term of the Agreement, which shall not exceed [insert amount or percentage] of the total value.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.