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.

Balance Subject to Finance Charge. The balance

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. B. To determine a Project Window Balance subject to Finance Charge, we take the begin- ning Project Window Balance each day, which includes any unpaid Finance Charges attributable to such Project Window Balance, and add any new debits for that day applied to the Project Window Balance and subtract any payments and other credits applied to the Project Window Balance that day. Each day, we also add any Finance Charges assessed that day that are attributable to the Project Window Balance. Late Payment Fees, Returned Check Fees, and any other fees, if any, are not included. This gives us the “Daily Balance” for the Project Window Balance. Any Daily Balance of less than zero will be treated as zero.

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.