ANNUAL INTEREST RATE Sample Clauses

ANNUAL INTEREST RATE. We will charge you interest on the Loan at a rate of % per annum. This is the only rate you will pay unless you are in default. The Annual Interest Rate is fixed for the full period of this Loan except as set out in clause 12.2(b)(iii) of the General Terms. If you have been referred to us by a dealer/broker/introducer (a Dealer) the interest rate that we charge may be determined by the Dealer (subject to a maximum rate set by us) and the Dealer may receive commission from us in addition to the Dealer/Broker/Introducer Fee which we charge you. The commission will be based on the interest rate determined by the Dealer. There is no interest-free period under this Agreement Company Branch/Broker Expiry date C/N or Policy No. Amount $ All credit fees and charges (including default charges) that you might need to pay us under this Agreement (which are not part of the LOAN AMOUNT in these Commercial Terms) are listed in the attached FEE SCHEDULE. If you do not pay an amount when it is due, we will also charge you interest at a Default Interest Rate. We give you information about the default interest charges in clause 5.1 of the General Terms. You should be aware that we can change the credit fees and charges you might have to pay under clause 12.2(b)(ii) of the General Terms. You can pay the Loan back early by paying us the Full Prepayment Amount defined in clause 3.3(a) of the General Terms. The Full Prepayment Amount includes an Early Settlement Fee and an amount equal to our reasonable estimate of our loss arising from full prepayment (if any) – that is, a loss that relates to differences in interest rates. Our reasonable estimate of our loss will not be any more than an amount calculated using the formula set out in regulation 9 or regulation 11 of the Credit Contracts and Consumer Finance Regulations 2004.
AutoNDA by SimpleDocs
ANNUAL INTEREST RATE. We will charge you interest on the Loan at a rate of % per annum. This is the only rate you will pay unless you are in default. The Annual Interest Rate is fixed for the full period of this Loan except as set out in clause 12.2(b)(iv)
ANNUAL INTEREST RATE. Each Fixed Advance shall bear interest at a rate, per annum, equal to the Cash Interest Rate for such Fixed Advance.
ANNUAL INTEREST RATE. The Annual Interest Rate for the purposes of the daily calculation of the interest owed on the Total Principal Amount and the Amount in Arrears varies in accordance with the increase or decrease of the Prime Rate. This increase or decrease may affect the loan amortization period.
ANNUAL INTEREST RATE. The Annual Interest Rate referenced in the 2012 Loan is hereby deleted in its entirety and shall, as of the Amendment Effective Date, be amended to read in its entirety as follows:
ANNUAL INTEREST RATE. The interest rate will be equal to zero percent (0%) per annum.
ANNUAL INTEREST RATE. The interest rate will be equal to [ ] percent ([ ]%) per annum.
AutoNDA by SimpleDocs
ANNUAL INTEREST RATE. 6.5.1 Any amount which forms part of the Deferred Amount will accrue interest and capitalized monthly at the annual interest rate set out in the Quotation. 6.5.2 The annual interest rate is linked to the prime interest lending rate, so when the prime rate changes, the annual interest rate will change accordingly. When Bruma changes the annual interest rate, it will give you written notice within 30 working days of the date on which the change took effect.
ANNUAL INTEREST RATE. Each Fixed Advance shall bear interest at a rate, per annum, equal to the sum of (A) the Cash Interest Rate for such Fixed Advance and (B) the Fixed Facility Fee. Interest payments for Fixed Advances shall be calculated on an actual/360 basis. Colonial/PNC ARCS — Master Credit Facility Agreement
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!