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.
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 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 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. A variable rate subject to change from time to time and, as at the date of this Agreement, being: DISCLOSURE STATEMENTS
ANNUAL INTEREST RATE. The Annual Interest Rate will be based on a base rate. The base rate will be Lender's Personal Lending Rate applicable from time to time. The Lender's published base rates are available at Lender's website xxx.xxxxxxxxxxxxx.xx.xx . In addition, Lender’s published base rates are available by contacting the Lender's head office. The Lender may change the base rate, replace it with a new base rate, or change the modifier or the margin, from time to time.
ANNUAL INTEREST RATE. For the purposes of the Interest Act (Canada), whenever interest payable pursuant to this Indenture is calculated on the basis of a period other than a calendar year (the "Interest Period"), each rate of interest determined pursuant to such calculation expressed as an annual rate is equivalent to such rate as so determined multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by the number of days in the Interest Period. Dated as of December 2, 2002 Magna Entertainment Corp.
