Annual Percentage Rate for Cash Advances Sample Clauses

Annual Percentage Rate for Cash Advances. The ANNUAL PERCENTAGE RATE (“APR”) is variable and may change monthly based on changes in an Index. The Index is the Prime Rate as published in The Wall Street Journal ("Index"). If the Index becomes unavailable during the term of this account, the credit union may substitute a new Index after notice to you. The interest rate will be adjusted on the first day of each billing cycle, based on the most recent Index figure available as the fifth business day of the last month immediately preceding the new billing cycle. If the 5th day falls on a Saturday, Sunday or holiday, we use the Prime Rate published on the next business day. To determine the ANNUAL PERCENTAGE RATE for cash advance transactions, we add a “Margin” of 9.75% to the Index. This gives us the new cash advance transaction APR. There is no limit on the amount the APR may increase at any one time. The ANNUAL PERCENTAGE RATE will not exceed the maximum rate of 18%. The monthly periodic rate of FINANCE CHARGE is 1/12th of the ANNUAL PERCENTAGE RATE. The ANNUAL PERCENTAGE RATE for cash advances may change monthly. An increase in the Prime Rate may increase both the number of minimum monthly payments required to repay the Account balance and the amount of each minimum monthly payment. The Prime Rate as of February 5, 2015 was 3.25%, which results in an ANNUAL PERCENTAGE RATE OF 13.00% for cash advance transactions and a monthly periodic rate of FINANCE CHARGE OF 1.0833%. To find out the current prime rate, visit xxx.xxxxxxxx.xxx/ rates/interest-rates/wall-street-prime-rate.aspx. Finance Charges on Cash Advances. We will charge a Finance Charge on cash advances from the day you take them until the day we receive payment in full as follows: To figure the Finance Charge for a billing cycle, we will apply a monthly periodic rate of Finance Charge to the average daily balance of your cash advance transactions, including current transactions, for the billing cycle. If there is a FINANCE CHARGE due which is less than $1.00, you will be charged a minimum FINANCE CHARGE of $1.00. For each cash advance you obtain, you agree to pay a FINANCE CHARGE in the form of a cash advance transaction fee equal to 1% of the cash advance, not less than $2.00, but not more than $20.00. Effect of Change in the Annual Percentage Rate. The ANNUAL PERCENTAGE RATE (“APR”) is variable and may change monthly based on changes in an Index. The Index is the Prime Rate, as published in The Wall Street Journal ("Index"). If the Index bec...
Sample 1Sample 2See All (34)
AutoNDA by SimpleDocs
Annual Percentage Rate for Cash Advances. The ANNUAL PERCENTAGE RATE ("APR") may change every quarter. The index we use is the Prime Rate as published in The Wall Street Journal on the 5th day of the month preceding the change dates ("Index"). If the 5th day falls on a Saturday, Sunday or holiday, we use the Prime Rate published on the next business day. To determine the ANNUAL PERCENTAGE RATE for cash advance transactions, we add a "Margin" of 10.00% to the Index. This gives us the new cash advance transaction APR. If the calculation of the variable ANNUAL PERCENTAGE RATE is less than 13.0% we will use 13.0% as the ANNUAL PERCENTAGE RATE. There is no limit on the amount the APR may increase at any one time. The ANNUAL PERCENTAGE RATE will not exceed the maximum rate of 18%. The monthly periodic rate of FINANCE CHARGE is 1/12th of the ANNUAL PERCENTAGE RATE. The ANNUAL PERCENTAGE RATE for cash advances will be changed once every calendar quarter on these dates: January 1, April 1, July 1 and October 1 ("Change Date"). An increase in the Prime Rate may increase both the number of minimum monthly payments required to repay the Account balance and the amount of each minimum monthly payment. The Prime Rate as of Dec. 27, 2022 was 7.50%, which results in an ANNUAL PERCENTAGE RATE of 17.50% for cash advance transactions and a monthly periodic rate of FINANCE CHARGE of 1.29%.
Sample 1See All (5)
Annual Percentage Rate for Cash Advances. The ANNUAL PERCENTAGE RATE ("APR") may change every quarter. The index we use is the Prime Rate as published in The Wall Street Journal on the 5th day of the month preceding the change dates ("Index"). If the 5th day falls on a Saturday, Sunday or holiday, we use the Prime Rate published on the next business day. To determine the ANNUAL PERCENTAGE RATE for cash advance transactions, we add a "Margin" of 10.00% to the Index. This gives us the new cash advance transaction APR. If the calculation of the variable ANNUAL PERCENTAGE RATE is less than 13.0% we will use 13.0% as the ANNUAL PERCENTAGE RATE. There is no limit on the amount the APR may increase at any one time. The ANNUAL PERCENTAGE RATE will not exceed the maximum rate of 18%. The monthly periodic rate of FINANCE CHARGE is 1/12th of the ANNUAL PERCENTAGE RATE. The ANNUAL PERCENTAGE RATE for cash advances will be OTHER FEES:
Sample 1
Annual Percentage Rate for Cash Advances. The ANNUAL PERCENTAGE RATE (“APR”) is variable and may change monthly based on changes in an Index. The Index is the Prime Rate as published in The Wall Street Journal ("Index"). If the Index becomes unavailable during the term of this account, the credit union may substitute a new Index after notice to you. The interest rate will be adjusted on the first day of each billing cycle, during the term of this account, the credit union may substitute a new Index after notice to you. The interest rate will be adjusted on the first day of each billing cycle, based on the most recent Index figure available as of the fifth business day of the last month immediately preceding the new billing cycle. Any increase in APR may increase your minimum payment.
Sample 1
Annual Percentage Rate for Cash Advances. The ANNUAL PERCENTAGE RATE (“APR”) is variable and may change monthly based on changes in an Index. The Index is the Prime Rate as published in The Wall Street Journal ("Index"). If the Index becomes unavailable during the term of this account, the credit union may substitute a new Index after notice to you. The interest rate will be adjusted on the first day of each billing cycle, based on the most recent Index figure available as the fifth business day of the last month immediately preceding the new billing cycle. If the 5th day falls on a Saturday, Sunday or holiday, we use the Prime Rate published on the next business day. To determine the ANNUAL PERCENTAGE RATE for cash advance transactions, we based on the most recent Index figure available as of the fifth business day of the last month immediately preceding the new billing cycle. Any increase in APR may increase your minimum payment.
Sample 1

Related to Annual Percentage Rate for Cash Advances

  • OPWC/Local Subdivision Participation Percentages For the sole and express purpose of financing/reimbursing costs of the Project, the estimated costs of which are set forth and described below, the Recipient hereby designates its Local Subdivision Percentage Contribution as amounting to a minimum total value of 50% of the total Project Cost. The OPWC Participation Percentage shall be 50% not to exceed $100,000.

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation.

  • PERCENTAGE GOAL The goal for Historically Underutilized Business (HUB) participation in the work to be performed under this contract is 23.7 % of the contract amount.

  • Negotiated Funding Amount, Board Contributions 4.1.1 Each Board shall pay an amount equal to 1/12th of the annual negotiated funding amount as described in 4.1.2 and 4.1.3 to the Trustees of the ETFO ELHT by the last day of each month from and after the Board’s Participation Date.

  • Refinancing Preparation Advance; Capitalizing Front-end Fee and Interest (a) If the Loan Agreement provides for the repayment out of the proceeds of the Loan of an advance made by the Bank or the Association (“Preparation Advance”), the Bank shall, on behalf of such Loan Party, withdraw from the Loan Account on or after the Effective Date the amount required to repay the withdrawn and outstanding balance of the advance as at the date of such withdrawal from the Loan Account and to pay all accrued and unpaid charges, if any, on the advance as at such date. The Bank shall pay the amount so withdrawn to itself or the Association, as the case may be, and shall cancel the remaining unwithdrawn amount of the advance.”

  • Cash Advances An Finance Charge will be imposed on cash advances from the date made or from the first day of billing cycle in which the cash advance is posted to your account, whichever is later, and will continue to accrue until the date of payment.

  • Reallocation to a Class with a Higher Salary Range Maximum Upon appointment to the higher class, the employee’s base salary will be increased to a step of the range for the new class that is nearest to five percent (5.0%) higher than the amount of the pre-promotional step, or to the entry step of the new range, whichever is higher.

  • Reallocation to a Class with an Equal Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position, the employee remains in the position and retains existing appointment status.

  • Total Contract Amount The contract total for services shall not exceed $1,200,000. Pricing shall be per Exhibit F attached.

  • Free Credit Balances Your selection of a sweep program above will not be effected until your Account paperwork has been accepted by LPL as being in good order. Until such time, available cash balances (from securities transactions, dividend and interest payments, deposits and other activities) will not be automatically swept and will be held as a free credit balance. A free credit balance is a liability of LPL and payable to the Account on demand. Interest will not be paid to the Account on free credit balances. Unless we hear from you to the contrary, it is our understanding that any free credit balances held in your Account are pending investment. Free credit balances may be used by LPL in the ordinary course of its business subject to the requirements of Rule 15c3-3 under the Securities Exchange Act of 1934. The use of customer free credit balances generally generates revenue for LPL in the forms of interest and income, which LPL retains as additional compensation for its services to its clients. Under these arrangements, LPL will generally earn interest or a return based on short-term market interest rated prevailing at the time. If you are acting on behalf of a Plan, the Responsible Plan Fiduciary agrees that it has independently determined that holding cash balances, pending LPL’s acceptance of the Account, as a free credit balance, which does not earn income for the Plan, is both (i) reasonable and in the best interests of the Plan and (ii) that the Plan receives no less, nor pays no more, than adequate consideration with respect to this arrangement. If the Responsible Plan Fiduciary chooses to avoid holding un-invested cash as a free credit balances, the Plan should not fund the Account until after the Account paperwork has been accepted by LPL as being in good order.

Time is Money Join Law Insider Premium to draft better contracts faster.