Annual Percentage Rate (APR) Sample Clauses

Annual Percentage Rate (APR). The Annual Percentage Rate (“APR”) for your Account is the annual interest rate and is used to calculate the Interest Charged to your Account. The APR was determined based on your personal credit score at the time of your application. The APR does not include any other Finance Charges, other than interest, which also may be charged to your account, as described in section #7 of this Agreement. We will review your Account on an annual basis and adjust your APR based on your personal credit score and in the course of doing so, we may ask you for additional information, request credit bureau reports and/or otherwise verify your current credit standing. If we decide to change your APR we will provide you with a 45-day notice.
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Annual Percentage Rate (APR) a) The APR is the annual cost of a loan including interest and any other charge for credit, expressed as a percentage of the loan amount. As we don’t charge fees on your loan, your APR is the same as the interest rate.
Sample 1
Annual Percentage Rate (APR). The Annual Percentage Rate (“APR”) for your Account is the annual interest rate and is used to calculate the Interest Charged to your Account. The APR was determined based on your personal credit score at the time of your application. The APR does not include any other Finance Charges, other than interest, which also may be charged to your account, as described in section #7 of this Agreement. With Rewards Without Rewards APR = Prime + Margin APR = Prime + Margin Prime Rate + 10.74% Prime Rate + 5.74% Prime Rate + 11.74% Prime Rate + 6.74% Prime Rate + 12.74% Prime Rate + 7.74% Prime Rate + 13.74% Prime Rate + 9.74% Prime Rate + 14.74% Prime Rate + 11.74% Prime Rate + 14.74% Prime Rate + 12.74% Rates are variable and subject to change. Maximum APR is 18%. Your ANNUAL PERCENTAGE RATE (APR) will be calculated by adding a margin from above to the Prime rate as correctly published in the Wall Street Journal as of the Wednesday immediately preceding the billing cycle. The Credit Union may adjust the rate once each month effective the first day of the billing cycle. APR changes will reflect on the following month’s statement. No notice is sent for variable rate changes.
Sample 1
Annual Percentage Rate (APR). Annual Percentage Rate (APR) is the annual cost of a loan, expressed as a percentage. Although the Incentive is interest free, because the Homeowner will have to pay more (or less) than the Incentive back to the Program Administrator if the Original Home Value increases (or decreases), the APR calculations below are meant to illustrate how much it will cost a Homeowner to agree to the terms of the Incentive and the Shared Equity Mortgage, expressed as an annual rate. The APR will vary based on the size of the “Shared Equity Amount” and the applicable fees as well as, the length of time the Homeowner has owned the home prior to repayment. In the examples below it is assumed that total fees incurred for purposes of calculating the APR are $625 (assuming the discharge fee of $150, a Provincial land registration discharge fee of $75 as well as an estimated appraisal fee of $400). However, the actual fees payable for any particular borrower may be larger or smaller than this amount. Scenario 1: Increase in Market Value - Resale Home Purchase (5% share) - Amount owed when Property sold after 5 years: Original Home Value $400,000 Incentive ($400,000 x 5%) $20,000 Assumed Market Value at sale of the Property $480,000 Shared Equity Amount ($480,000 - $400,000) x 5% $4,000 Amount to repay to the Program Administrator (Incentive PLUS Shared Equity Amount) $24,000 1 The examples are meant to illustrate possible outcomes depending on various assumptions on the appreciation or depreciation in house prices over time. Changes over time in the value of individual homes subject to this program can be influenced by many factors and could differ from the examples shown. (plus any Additional Costs due at the time of repayment) Cost of Borrowing Shared Equity Amount ($4,000) + estimated fees ($625) $4,625 APR (assuming the Property is sold after 5 years) 4.63% Scenario 2: Increase in Market Value - New Construction Purchase (10% share) - Amount owed when Property sold after 5 years: Original Home Value $400,000 Incentive ($400,000 x 10%) $40,000 Assumed Market Value at sale of the Property $480,000 Shared Equity Amount ($480,000 - $400,000) x 10% $8,000 Amount to repay to the Program Administrator (Incentive PLUS Shared Equity Amount) (plus any Additional Costs due at the time of repayment) $48,000 Cost of Borrowing Shared Equity Amount ($8,000) + estimated fees ($625) $8,625 APR (assuming the Property is sold after 5 years) 4.31% Scenario 3: Decrease in Market Value – Resale H...
Sample 1
Annual Percentage Rate (APR). To comply with legal obligations, it is hereby stated that the annual percentage rate for this credit, given the value of the rate variation index as of December 12, 2010, breaks down as follows: Interest rate 1.42800% Administration charge €0 Cost of the agreement and of guarantees €0 Commitment fee 0.1000% per annum Giving a per annum ANNUAL PERCENTAGE RATE of 1.55300%. Initials [handwritten initials]
Sample 1
Annual Percentage Rate (APR). The APR is the cost of credit (credit interest and special charges) expressed as a yearly rate calculated on the credit amount. The effective APR depends on the size of the debt as well as its duration as follows. Other credit amounts can lead to a higher effective APR. Credit length/amount 000 000 0000 3 months 26.8% 14.3% 10.4% 6 months 38.5% 21.6% 16.2% 12 months - 27.3% 21% In the event that the 3 month Euribor rate rises by more than one (1) percentage point from the beginning of the credit term or from the latest interest rate adjustment, Collector Bank AB has the right to increase the rate by a corresponding amount. In the event that the 3 month Euribor rate drops by more than one (1) percentage point from the beginning of the credit term or from the latest interest rate adjustment, Collector Bank AB will lower the rate by a corresponding amount. Collector Bank AB will notify of any changes to the interest rate either by a separate notification to the account holder or by a public notice in a newspaper. In the latter case the account holder is also notified of the rate change alongside the following notification or statement dispatch.
Sample 1
Annual Percentage Rate (APR). The ANNUAL PERCENTAGE RATE (APR) will be a VARIABLE rate. Variable rates are calculated by adding together a margin and an index. A margin is the percent added to the index to calculate APR. The index is the highest U.S. Prime Rate as published in the "Money Rates" section of The Wall Street Journal on the last publication day of each month. An increase or decrease in the index will cause a corresponding increase or decrease in your variable rates on the first day of your billing cycle that begins in the same month in which the index is published. An increase in the index means that you will pay higher interest charges and have a higher Total Minimum Payment Due. If The Wall Street Journal does not publish the U.S. Prime Rate, or if it changes the definition of the U.S. Prime Rate, we may, in our sole discretion, substitute another index. However, we may choose at our option and in our sole discretion to delay an APR increase resulting from an increase to the Prime Rate by one or more billing cycles. We do not have to give you advance notice of changes to the APR that are due to changes to the Prime Rate. Account statements will show the APRs that were in effect during the billing cycles covered by the statements. We also reserve the right to re-determine the margin that applies to your Account more frequently than and/or on dates other than those described above when the Prime Rate itself is subject to change. We may review your credit worthiness several times a year. Based on changes to various risk factors, including but not limited to, credit scores and other information obtained from various outside agencies, your margin (and therefore your APR) may be increased or decreased from time to time. However, we will not increase your margin during the first year after your Account is opened. If your margin and APR are increased due to a change in any of these risk factors, your Account will be reviewed semi-annually in an effort to restore your previous margin and previous APR. We will give you advance written notice of the effective date for any increase to the margin and any corresponding increase to your APR, as required by applicable law. An increase to your APR (whether due to an increase to your margin or an increase to the Prime Rate) will increase the Finance Charges payable on your Account until your APR decreases (whether due to a decrease to the Prime Rate or a decrease to your margin). Regardless of the rate as determined by adding the Prime Rat...
Sample 1
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Annual Percentage Rate (APR). The Annual Percentage Rate is based on your cumulative credit history and on your Membership Value Pricing (MVP) status at the time the credit card is opened. The Annual Percentage Rate is the same rate for all purchases, cash advances, and balance transfers unless otherwise noted and shall remain in effect until the Annual Percentage Rate is changed. For Business Platinum Visa cards, the Annual Percentage Rate is a fixed rate. The Annual Percentage Rate is the same rate for all purchases, cash advances, and balance transfers unless otherwise noted and shall remain in effect until the Annual Percentage Rate is changed. Please refer to the Visa Credit Card Terms and Fees for the current Annual Percentage Rate. We will provide you with notice not less than 90 (ninety) days prior to any increase in the Annual Percentage Rate.
Sample 1
Annual Percentage Rate (APR). The Annual Percentage Rate is determined when your card is established. The Annual Percentage Rate is based on your cumulative credit score/history. The interest portion of the FINANCE CHARGE calculated at the Annual Percentage Rate will be 8.90%, 9.90%, 10.90%, 11.90%, 12.90%, 13.90% or 16.90% per month (periodic rate of .02438%, .02712%, .02986%, .03260%, .03534%, .03808% and .04630% respectively) of your charges subject to interest , including all balances of charges outstanding. By providing you with written notice by mail, addressed to your last known post office address, not less than forty-five (45) days prior to any increase in the FINANCE CHARGE, Vibrant may establish an Annual percentage Rate of more than 8.90% for charges subject to interest during certain periods of time as permitted. For Business Platinum cards the interest portion of the FINANCE charge is calculated at the ANNUAL PERCENTAGE rate of 11.50% (periodic rate of .031506) of your charges subject to interest, including all balances of charges outstanding. By providing you with written notice by mail, addressed to your last known post office address, not less than forty-five
Sample 1

Related to Annual Percentage Rate (APR)

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Minimum Amounts and Maximum Number of Eurodollar Tranches Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions, continuations and optional prepayments of Eurodollar Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, (a) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof and (b) no more than ten Eurodollar Tranches shall be outstanding at any one time.

  • Number and Amount of LIBOR Loans; Determination of Rate Each Borrowing of LIBOR Loans when made shall be in a minimum amount of $5,000,000, plus any increment of $1,000,000 in excess thereof. No more than four Borrowings of LIBOR Loans may be outstanding at any time, and all LIBOR Loans having the same length and beginning date of their Interest Periods shall be aggregated together and considered one Borrowing for this purpose. Upon determining LIBOR for any Interest Period requested by Borrowers, Agent shall promptly notify Borrowers thereof by telephone or electronically and, if requested by Borrowers, shall confirm any telephonic notice in writing.

  • Senior Prepayment Percentage See the definition of “Group 1 Senior Prepayment Percentage or Group 2 Senior Prepayment Percentage”.

  • Minimum Amount of Each Borrowing; Maximum Number of Borrowings The aggregate principal amount of each Borrowing of Loans shall be in a multiple of $100,000 and shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on any date; provided that at no time shall there be outstanding more than four (4) Borrowings of LIBOR Loans under this Agreement.

  • Maximum Advance Amount The amount of an Advance requested by the Company shall not exceed the Maximum Advance Amount. In addition, in no event shall the number of shares issuable to the Investor pursuant to an Advance cause the aggregate number of shares of Common Stock beneficially owned by the Investor and its affiliates to exceed nine and 9/10 percent (9.9%) of the then outstanding Common Stock of the Company. For the purposes of this section beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act.

  • Minimum Borrowing Amounts; Maximum Eurodollar Loans Each Borrowing of Base Rate Loans advanced under the applicable Facility shall be in an amount not less than $1.0 million or such greater amount that is an integral multiple of $1.0 million. Each Borrowing of Eurodollar Loans advanced, continued or converted under the applicable Facility shall be in an amount equal to $1.0 million or such greater amount that is an integral multiple of $1.0 million. Without the Administrative Agent’s consent, there shall not be more than fifteen (15) Borrowings of Eurodollar Loans outstanding at any one time.

  • Maximum or Minimum Interest Rate If specified on the face hereof, this Note may have either or both of a Maximum Interest Rate or a Minimum Interest Rate. If a Maximum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever exceed such Maximum Interest Rate and in the event that the interest rate on any Interest Reset Date would exceed such Maximum Interest Rate (as if no Maximum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Maximum Interest Rate. If a Minimum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever be less than such Minimum Interest Rate and in the event that the interest rate on any Interest Reset Date would be less than such Minimum Interest Rate (as if no Minimum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Minimum Interest Rate. Notwithstanding anything to the contrary contained herein, the interest rate on a Floating Rate Note shall not exceed the maximum interest rate permitted by applicable law.

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