Credit Interest definition

Credit Interest means the amount of interest that We will pay You;
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Credit Interest means interest We pay You or interest You pay Us on credit balances in Your
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Credit Interest means interest You receive on cleared funds in Your Account;
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Examples of Credit Interest in a sentence

  • This type of account may not retain excess cash balances in Credit Interest (CIP).

  • Monthly installment amount; consists of the Principal Amount, Credit Interest, BITT, and RUSF, as stipulated in the repayment schedule.

  • This type of account may not retain excess cash balances in Credit Interest Pending (CIP) account.

  • Credit Interest Program (“CIP”) represents our direct obligation to repay the invested amount, on demand, plus interest.

  • R43-75 Credit Interest Rate NB: The Interest Rate paid on daily credit balances of the cheque accounts 0,10% Overdraft Facility Rate NB: The overdraft facility rates as well as the rates levied for all asset base finance will be at the bank prime lending rate plus one percent.

  • Conditions applicable to Normal Credit Normal Credit Interest Rate: 29.9% per annum (variable).

  • If your account is ineligible it will be set to sweep to Credit Interest (CIP) or to a selected money market fund.

  • From October 1, 2008 up to and including the Transition Termination Date, an Interest Offset Credit shall be earned daily in an amount equal to the sum of: (i) the Interest Offset Credit Accrual Balance (if any) as of the end of the subject day times the Long-Term Interest Offset Credit Interest Rate, and (ii) the Short-Term Advance Balance (if any) as of the end of the subject day times the Short-Term Interest Offset Credit Interest Rate.

  • At the end of any Line of Credit Applicable Interest Period, the interest rate will revert to the Regular Line of Credit Interest Rate, unless Borrower has designated another Optional Line of Credit Interest Rate for that Line of Credit LIBO Rate Portion.

  • Each year you will receive a statement that shows your balance under the Individual Retirement Plan, including your most recent Company Contribution Credit, Interest Credit and total balance as of September 30 of the prior year.


More Definitions of Credit Interest

Credit Interest means the rate of interest accruing to credit balances in the Account.
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Credit Interest means, with respect to any Quarter, the amount of interest calculated for such Quarter (other than any period during which processing at the Refinery is curtailed resulting in an extension of the Guarantee Period under Article 16.5) at LIBOR plus one percent on the sum (if greater than zero) of (i) the aggregate of all credits calculated pursuant to Article 17(a) for all prior Quarters, plus (ii) the aggregate amount of Credit Interest for all prior Quarters, minus (iii) the aggregate of all premiums calculated pursuant to Article 18(a) for all prior Quarters.
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Credit Interest means any accrued but unpaid interest and Commitment Fees (as defined in the Company Debt) relating to the Company Debt at the time immediately prior to Closing.
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Credit Interest has the meaning set forth in the Long-Term Oil Supply Agreement.
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Related to Credit Interest

  • Investment interest means investment interest as defined in section 163(d)(3) of the Internal Revenue Code.

  • credit institutions means credit institutions as defined under Directive 2006/48/EC;

  • Current Interest With respect to each Class of Certificates and any Distribution Date, the aggregate amount of interest accrued at the applicable Certificate Interest Rate during the related Accrual Period on the Class Principal Amount or Class Notional Amount, as applicable, of such Class prior to any distributions of principal, allocations of Realized Losses or allocations of Certificate Writedown Amounts prior to such Distribution Date.

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Full Credit Payment means a payment, distribution or benefit, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, that if reduced in value by one dollar reduces the amount of the parachute payment (as defined in Section 280G of the Code) by one dollar, determined as if such payment, distribution or benefit had been paid or distributed on the date of the event triggering the excise tax. “Partial Credit Payment” means any payment, distribution or benefit that is not a Full Credit Payment.

  • Credit information means information about you, including your name, age, date of birth, occupation, place of residence, previous places of residence, occupancy length, marital status, co-occupant’s/spouse’s/same-sex partner’s name and age, number of dependants, particulars of education or professional qualifications, field of employment, places of employment, previous places of employment, employment durations, estimated income, paying habits, outstanding debt obligations, cost of living obligations, involvement in bankruptcy proceedings or landlord and tenant disputes, assets, and banking information (including account and credit card information).

  • credit institution means a credit institution as defined in point (1) of Article 4(1) of Regulation (EU) No 575/2013;

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Prepayment Interest Excess As to any Principal Prepayment received by the Master Servicer from the first day through the fifteenth day of any calendar month (other than the calendar month in which the Cut-off Date occurs), all amounts paid by the related Mortgagor in respect of interest on such Principal Prepayment. All Prepayment Interest Excess shall be paid to the Master Servicer as additional master servicing compensation.

  • Letter of Credit Liabilities means, at any time and in respect of all Letters of Credit, the sum of (a) the aggregate amount available to be drawn under all such Letters of Credit plus (b) the aggregate unpaid amount of all Reimbursement Obligations then due and payable in respect of previous drawings under such Letters of Credit.

  • Periodic Interest means, with respect to any Payment Date, the periodic interest for such Payment Date as specified in the Series Supplement.

  • Loan Group 3 The Group 3 Mortgage Loans.

  • Payoff Interest For any Distribution Date with respect to a Mortgage Loan for which a Payoff was received on or after the first calendar day of the month of such Distribution Date and before the 15th calendar day of such month, an amount of interest thereon at the applicable Pass-Through Rate from the first day of the month of distribution through the day of receipt thereof; to the extent (together with Payoff Earnings and the aggregate Master Servicing Fee) not required to be distributed as Compensating Interest on such Distribution Date, Payoff Interest shall be payable to the Master Servicer as additional servicing compensation.

  • Universal Credit means any payment of Universal Credit payable under the Welfare Reform Act 2012, the Universal Credit Regulations 2013, The Universal Credit (Consequential, Supplementary, Incidental and Miscellaneous Provisions) Regulations 2013, Universal Credit (Miscellaneous Amendments) Regulations 2013 and the Universal Credit (Transitional Provisions) Regulations 2014;

  • Participation Interest means the Extension of Credit by a Lender by way of a purchase of a participation in Letters of Credit or LOC Obligations as provided in Section 2.2 or in any Loans as provided in Section 3.8.

  • Subordinate Prepayment Percentage As to any Distribution Date and Loan Group, 100% minus the Senior Prepayment Percentage for such Loan Group for such Distribution Date.

  • Class C Current Interest As of any Distribution Date, the interest accrued during the related Accrual Period at the Class C Distributable Interest Rate on a notional amount equal to the aggregate principal balance of the Lower Tier REMIC Regular Interests immediately prior to such Distribution Date, plus the interest portion of any previous distributions on such Class that is recovered as a voidable preference by a trustee in bankruptcy, less any Non-Supported Interest Shortfall allocated on such Distribution Date to the Class C Certificates.

  • Related Loan Group For Group 1, Loan Group 1; for Group 2, Loan Group 2; for Group 3, Loan Group 3; and for Group 4, Loan Group 4.

  • Consolidated Group Pro Rata Share means, with respect to any Investment Affiliate, the percentage of the total equity ownership interests held by the Consolidated Group in the aggregate, in such Investment Affiliate determined by calculating the greater of (i) the percentage of the issued and outstanding stock, partnership interests or membership interests in such Investment Affiliate held by the Consolidated Group in the aggregate and (ii) the percentage of the total book value of such Investment Affiliate that would be received by the Consolidated Group in the aggregate, upon liquidation of such Investment Affiliate, after repayment in full of all Indebtedness of such Investment Affiliate.

  • Swing Line Participation Amount as defined in Section 2.7(c).

  • Loan Group Any of Loan Group 1 or Loan Group 2, as applicable.