ANNUAL INTEREST RATES Clause Samples

ANNUAL INTEREST RATES a) Regular purchases: The annual interest rate applicable to regular purchases unpaid as at the due date shown on the statement of account corresponds to the Federation prime rate (the «Desjardins prime rate») in effect on the billing date, plus a maximum additional interest of 8% per year, which shall vary with each change to the said prime rate. The annual interest rate charged to the holder, which is composed of the two elements described above, shall appear on each of the monthly statements of account of the holder. b) Cash advances, Cash advances on the Business Freedom Solutions Line of Credit and cheques: The annual interest rate applicable to cash advances and cheques, calculated based on the average daily balance from the date on which the transaction was made until receipt of full payment, cor- responds to the prime rate of Desjardins, plus a maximum additional interest of 8% per year, which shall vary with each change to the said prime rate. The annual interest rate charged to the holder, which is composed of the two ele- ments described above, shall appear on each of the monthly statements of account of the holder.

ANNUAL INTEREST RATES. (a) Where your Credit Limit is less than or equal to $2,000: (i) On all amounts up to and including the Credit Limit: 0% per annum; and (ii) On all amounts exceeding the Credit Limit: our Personal Overdraft Base Rate at the time (which is currently xx.xx % per annum) plus a margin of 10.00% per annum (together, the ‘Default Interest Rate’). (b) Where your Credit Limit is greater than $2,000: (i) On all amounts up to and including $2,000: 0% per annum; (ii) On all amounts exceeding $2000 and up to and including the Credit Limit: our variable interest rate for Standard Home Loans at the time (which is currently xx.xx % per annum) (the ‘Standard Home Loan Interest Rate’); and (iii) On all amounts exceeding your Credit Limit: the Default Interest Rate.

ANNUAL INTEREST RATES. The authorized representative may not exceed the credit limit, the amount of which is indicated on the monthly statement of account. This limit may be increased, at the Federation’s discretion, upon request from the holder. The Federation reserves the right to cancel or amend the credit limit of an authorized representative at its entire discretion and at any time without notice to the holder or the authorized representative, in accordance with the applicable credit policies and standards of the Federation. Any cash advance, cheque or regular purchase which results in the credit limit granted to the authorized representative being exceeded may be regarded as a request to increase the credit limit to the maximum amount that can then be granted to the holder, taking into consideration the applicable credit granting standards of the Federation.

ANNUAL INTEREST RATES. You must take all reasonable precautions to protect your Card against loss, “

ANNUAL INTEREST RATES a) Regular purchases: The annual interest rate applicable to regular purchases unpaid as at the due date shown on the statement of account corresponds to the Federation prime rate (the «▇▇▇▇▇▇▇▇▇▇ prime rate») in effect on the billing date, plus additional interest of 8.5%, which will vary with each change to the said prime rate. The annual interest rate charged to the holder, which is composed of the two elements described above, shall appear on each of the monthly statements of account of the holder.