Balance Subject to Finance Charge Sample Clauses

Balance Subject to Finance Charge. The balance subject to FINANCE CHARGE is the Average Daily Balance. The Average Daily Balance (including new purchases) is determined by first adding on each calendar day of the billing cycle the outstanding advances or purchases and then subtracting from that amount all payments, credits, or cash advances for the same day. The daily balances for each day are added together and that total is divided by the number of days in the billing period to arrive at the Average Daily Balance. The Average Daily Balance will be identified on your monthly statement as “Cash Advances Average Daily Balance”, “Purchases Average Daily Balance” or “Average Daily Balance”. Purchases posted to your Account during the billing period are included only if the New Balance on your previous statement was not paid in full by the due date shown. Return check fees, annual fees, and late fees for the current billing period are not included in any Average Daily Balance calculation.
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Balance Subject to Finance Charge. The balance subject to FINANCE CHARGE in any given billing period is the average daily balance which is arrived at by adding the daily balances in the Account during the billing period. The daily balances are determined by taking the beginning balance each day during the billing period and subtracting any payments and credits entered on that day. New purchases do not begin to accrue a FINANCE CHARGE until the first day of the billing period following the purchase date, and no FINANCE CHARGE will be assessed on such purchases if they are paid within twenty-six (26) days of the first billing date following the date of purchase. Late Payment Fees are not included in the balance subject to FINANCE CHARGE. **A minimum finance charge will not be assessed in Wisconsin.
Balance Subject to Finance Charge. The amount of the Finance Charge is determined by applying the APR to the Balance Subject to Finance Charge. We calculate the Balance Subject to Finance Charge in the following manner. On each day that Transaction(s) you have made using your Card or Account Access Checks are posted to your account, the amount of Transaction(s) for that day will be added together and will constitute the Balance Subject to Finance Charge for the separate Loan incurred on that day (see Section 6(c) above). The Finance Charge is then calculated for each Loan separately, in accordance with the method described in Section 7(f) below.
Balance Subject to Finance Charge. The monthly balance subject to finance charge is identified on your statement as “Cash Advances” and “Purchases Average Daily Balance” and “Balance Transfers”. The Finance Charge Assessed shall be accrued from the date of the advance to the next statement date. The “Purchases Average Daily Balance” is determined by adding, after subtracting all payment and credits, all the outstanding purchase balances for each calendar day of the billing period, and then outstanding purchase balances for each calendar day of the billing period, and then dividing the total by the number of days in that billing period. Purchases posted to your account during the billing period are included only if the “New Balance” on your previous statement was not paid in full by the due date shown. Return checks, annual and other fees, are not included in the Average Daily Balance calculation method.
Balance Subject to Finance Charge. There will be no balance subject to a Finance Charge for a billing period if there is no Previous Balance on your Account for the billing period or the sum of your payments and credits on your Account during the billing period is at least equal to the Previous Balance. Each day during the billing period, we will figure a “Daily Balance” on your Account. The Daily Balance is determined by taking the beginning balance for that day, which includes any unpaid Finance Charges, adding any new purchases and other debits assessed that day, and subtracting any payments made and credits issued on that day. This gives us the Daily Balance. Any Daily Balance less than zero will be treated as zero. We then multiply the Daily Balance by the periodic rate and add that daily Finance Charge to the balance to determine that day’s closing balance, which will be the beginning balance for the following day. At the end of the billing period, we add up the results of the daily Finance Charge calculations to get the total Finance Charge for the billing period. Late Payment Fees and Returned Check Fees are not included in the Daily Balance. We may change your billing period as permitted by law at any time.
Balance Subject to Finance Charge. A. The balance subject to Finance Charge is the Daily Balance of each Project Window. The balance subject to Finance Charge will be calculated separately for each Project Window Balance. For each Project Window Balance, there is no balance subject to Finance Charge for a billing period if (i) the Purchase Period has not ended, or (ii) the sum of your pay- ments and credits on your Account applied to such Project Window Balance during the billing period is at least equal to the Project Window Balance.

Related to Balance Subject to Finance Charge

  • Allocations of Finance Charge Collections The Servicer shall allocate to the Series 1997-1 Certificateholders and retain in the Collection Account for application as provided herein an amount equal to the product of (A) the Floating Allocation Percentage and (B) the Series 1997-1 Allocation Percentage and (C) the aggregate amount of Collections of Finance Charge Receivables deposited in the Collection Account on such Deposit Date.

  • Shared Principal Collections Subject to Section 4.04 of the Agreement, Shared Principal Collections for any Distribution Date will be allocated to Series 2022-3 in an amount equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 2022-3 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series for such Distribution Date. The “Series 2022-3 Principal Shortfall” will be equal to (a) for any Distribution Date with respect to the Revolving Period, zero, (b) for any Distribution Date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to such Distribution Date over the amount of Available Principal Collections for such Distribution Date (excluding any portion thereof attributable to Shared Principal Collections), and (c) for any Distribution Date with respect to the Early Amortization Period, the excess, if any, of the Invested Amount over the amount of Available Principal Collections for such Distribution Date (excluding any portion thereof attributable to Shared Principal Collections).

  • Finance Charges A finance charge is the cost you pay for credit. We will charge Interest Charges and Fees to your account as described to you in your statements and other Truth in Lending Disclosures. The fol- lowing describes how the finance charge will be calculated on the M-124281 Account. You have a 25-day grace (no finance charge) period on your pur- chase balance and for new purchases if you paid the entire New Balance on your last statement by the end of the grace period. You also have a 25-day grace period for new purchases if you did not have a balance on your last statement. The grace period starts on the billing cycle closing date. If you do not pay the entire New Balance by the end of the grace period, a finance charge will be imposed on the unpaid balance from the first day of the next billing cycle and on new purchases from the date they are posted to your Account. There is no grace period for cash advances. A finance charge will be imposed on cash advances from the date the cash advance is posted to your Account. Balance transfers as permit- xxx by Credit Union from time to time in Credit Union’s sole discre- tion will be treated as cash advances for the purpose of all finance charges and finance charge calculations. Finance charges on your Account are calculated by applying the applicable Monthly Periodic Rate to the average daily balances for purchases and cash advances. Separate average daily balances are calculated for purchases and cash advances. To get each av- erage daily balance, the daily balances for purchases and cash advances for the billing cycle are added and the totals are divided by the number of days in the cycle. To get the daily balance for cash advances, new cash advances are added to the day’s begin- ning balance and payments and credits are subtracted. To get the daily balance for purchases, new purchases are added to the day’s beginning balance and payments and credits are subtracted; how- ever, new purchases are not added if you paid the entire New Bal- ance on your last statement by the end of the grace period or if you did not have a balance on your last statement. Fees and unpaid finance charges are not included in the calculation of the average daily balance. Finance charges will continue to accrue on your Ac- count until what you owe under this Agreement is paid in full. Credit Union may offer balance transfer, introductory rate, or other special rate promotions for your Account from time to time in Credit Union’s sole discretion. The applicable Monthly Periodic Rate and ANNUAL PERCENTAGE RATE for any promotion and any promo- tion terms and conditions will be disclosed to before or at the time you make use of such promotion.

  • Reallocated Principal Collections On each Distribution Date, the Servicer shall apply, or shall cause the Trustee to apply by written instruction to the Trustee substantially in the form of Exhibit B, Reallocated Principal Collections with respect to such Distribution Date, to make the following distributions or deposits in the following order of priority:

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