CHARGES AND INTEREST. (a) Charges shall be payable in accordance with any tariff we have specified. Our standard tariff of commissions and charges is available at the bank and can be viewed on our web- based electronic banking system Netbank International, where applicable.
(b) Credit interest is paid on cleared balances and calculated at the Reference Interest Rate, less an agreed margin.
(c) If you have arranged a formal overdraft facility with us, debit interest will be calculated at the Reference Interest Rate, plus a margin referred to in the relevant facility letter or agreement.
(d) The Reference Interest Rates and the method of calculating interest rates are available by contacting us in accordance with Clause 17 (c).
(e) Where, following an informal request referred to in Clause 4 (b) above, we have agreed to a temporary overdraft or an increase in an existing overdraft limit or we have debited your account with any interest, fees, charges or other costs which results in an overdraft or exceeds an overdraft limit, debit interest may be calculated at our Temporary Overdraft Interest Rate.
(f) We reserve the right to amend our rates of interest (and the basis of calculation thereof) with immediate effect and without notice of our intention to do so if the change is based on a Reference Interest Rate. If the change is not based on a Reference Interest Rate we may make the change with immediate effect and will give you notice of the change in accordance with Clause 17 (a) within 30 days.
(g) You must pay all applicable fees, costs and charges in respect of your account(s) in full without any set-off or counterclaim and free and clear of any deduction or withholding of any amount (save as required by law) for any present or future taxes, duties or other charges. If you are obliged by law at any time to make any deduction for any tax, levy, impost, duty, charge or fee or any deduction or withholding of a similar nature from any payment due hereunder and in respect of your account(s), the amount payable shall be increased to the amount which (after making such deduction or withholding) equals the full amount which would have been payable to us if no such deduction or withholding had been required. We are authorised to deduct from your account(s) all applicable taxes, charges or fees imposed by any government authority. You agree that we may deduct our costs, fees and charges from payments to be credited to an account.
(h) You may face other taxes or costs that are not imposed...
CHARGES AND INTEREST. The following charges shall apply and may from time to time be subject to change upon notice within the full extent permitted or demanded by law. Interest rate on loan amount Upon the Borrower’s application for the Buy Now Pay Later Loan Facility through the OTG App, the Bank shall charge the Borrower a one-off charge, exclusive of excise duty (where applicable), for each application for a Buy Now Pay Later Loan facility. Once the Borrower opts-in, and opts to take up a BNPL loan, the Borrower shall receive, through the OTG App a confirmation of inter alia, the BNPL Facility limit which the Borrower has qualified for, the applicable processing fee, the applicable excise duty (or any other tax as provided under the Applicable Laws), the repayment amount, the repayment date, the applicable credit life insurance and all other applicable charges. The Bank legally reserves the right to vary the one-off charge as it may determine in its absolute and sole discretion from time to time in line with Applicable Laws.
CHARGES AND INTEREST. 6.1 The Bank will impose fees and charges for services rendered and will be entitled to debit such fees and charges to the Client’s account together any commissions, ledger fees, stamps, legal costs and other costs incidental to any transaction or arising from this agreement. All charges will be subject to Value Added Tax, if applicable. The Bank in its sole discretion may vary such fees and charges, by written notice to the Client.
6.2 The Bank may, at its discretion charge the Client interest at the prevailing prime overdraft rate charged by the Bank from time to time plus 5% (five percent), on any amounts not settled by the Client on the due date. The Bank shall be entitled, in its sole discretion, to impose a penalty interest at the maximum rate allowed by Law should any amounts due by the Client not be settled within 3 days from the due date.
6.3 Unless specifically agreed the Client will not be entitled to receive interest in respect of any amounts held by or due from the Bank unless the money is held in accordance with the Client’s instructions in an interest bearing account with the Bank. Notwithstanding anything to the contrary contained herein or any other document or agreement between the parties, the parties specifically agree that interest payable in respect of any account shall immediately cease to accrue to or be payable in respect of the account if the funds available in the account or any portion thereof are forfeited to the state or attached for any reason whatsoever or if the account is blocked or attached by the South African Reserve Bank, any other regulator, any law enforcement agency or in terms of an order of court, and the Bank shall then be entitled in its sole discretion, to close the account.
CHARGES AND INTEREST. (1) Where appropriate we shall charge for investment services on a basis to be negotiated between us or notified to you from time to time. Any charges due to us (or to agents used by us) plus any applicable taxes (including, without limitation, Value Added Tax), fees, duties, liabilities, charges, costs and expenses payable under or in connection with these Terms of Business or any transaction hereunder shall be payable by you and may be deducted from any funds held by us on your behalf or, at our discretion, shall be paid by you as stated in any contract note or advice. You shall be responsible for payment of any brokerage, transfer fees, lodgement charges, registration fees, premiums and all other liabilities, charges, costs and expenses payable to or incurred or suffered by us in connection with transactions on your account. You undertake to keep confidential all details of charges and commissions payable to us and agree not to disclose details of amounts paid or brokerage rates charged.
(2) TP may share dealing charges with associated companies or other third parties, or receive remuneration from them in respect of transactions carried out on your behalf. Details of any such remuneration or sharing agreement will be made available to you on request.
(3) We may at our discretion, charge you interest at our prevailing overdraft rate on any amounts not settled by you on the due date for payment.
(4) You acknowledge that our contract notes may not identify separately the unit price and charges in respect of a transaction but may show a single price combining these items.
(5) We are not required to send contract notes in accordance with FCA rules in respect of currency, interest rate, equity or commodity swaps, asset trading, stock lending or borrowing, repos or sale and buy-back agreements.
(6) You must notify us of any exceptions to contract notes within three days of receipt.
CHARGES AND INTEREST. The following charges shall apply and may from time to time be subject to change upon notice within the full extent permitted or demanded by law Interest rate on loan amount Interest under clause 4 shall apply to the Facility(ies) provided that no Event of Default has occurred on the said Facility(ies) and subject to Paragraph 2 of Schedule 2 (Interest on Excess and Arrears). The provisions with respect to Interest on Excess and Arrears set out in Paragraph 2 of Schedule 2 (Interest on Excess and Arrears) shall apply in the Event of Default as defined in this letter. Interest on the facility shall be paid at such rate or rates not exceeding any maximum permitted by law and subject to a minimum rate of 13% per annum or such other rate as the Bank may determine in its absolute and sole discretion from time to time and will apply at 14.3% per annum for this facility. (with the revision of S.33B of the Banking Act vide the Finance Act (2019), the Bank is in the process of formulating a Base Rate applicable to our lending products upon which the terms herein shall be revised accordingly subject to issuance of the relevant notices) Processing fee 4% of the loan amount recoverable upfront Excise duty 20% of the processing fee recoverable upfront Credit Life Insurance 0.028% per month of the loan amount recoverable upfront
CHARGES AND INTEREST. 3.1 We may make charges from time to time for running the account and providing services connected to it. We may also vary the charges or any rates of interest or introduce new ones but we will let you know if we do so in accordance with condition 10.2. Details of charges are set out in the tariff.
CHARGES AND INTEREST. 5.1 Subject to Clause 9, the Accountable Body shall charge C2C as set out in this Clause 5 for acting as Accountable body in respect of the Local Growth Fund and providing the Services.
5.2 Within one month of each anniversary of the date of this Agreement (or the anniversary of the date set out in Clause 2.2 if earlier) (the “Annual Payment Date”)] C2C shall pay the Accountable Body the Total Agreed Cost (as set out in Schedule 6) (at April 2016 prices) plus VAT provided that the Accountable Body has given to C2C a breakdown in form and substance satisfactory to C2C of its annual costs for acting as accountable body in respect of the Local Growth Fund and providing the Services in relation to the period up to the Annual Payment Date together with an estimate of the credit interest accruing in respect of the Local Growth Fund for each annual period.
5.3 If the Accountable Body believes that its costs in acting as accountable body in respect of the Local Growth Fund and providing the Services shall exceed the Agreed Costs in any annual period up to an Annual Payment Date the Accountable Body shall submit such additional costs to C2C for approval in form and substance satisfactory to C2C and in advance of incurring them (the “Additional Costs”) at the agreed daily rates as set out in schedule 6 to this agreement. If C2C agrees to pay the Additional Costs they will be payable by C2C to the Accountable Body on the relevant Annual Payment Date together with the Agreed Costs.
5.4 Should the Local Growth Fund accrue interest while in the Accountable Body’s bank account(s) the interest accrued will be held on trust for the Government until distributed as follows:
5.4.1 The Accountable Body will pay C2C interest on credit balances at an interest rate equivalent to the Average 7 Day London Interbank Bid (LIBID) rate. The balance to which interest will be applied will be calculated based on the average month end balance and paid annually in arrears on the Annual Payment Date. Interest will be due on balances held by the Accountable Body on behalf of C2C excluding any funding that is received in the form of a loan from a third party.
5.4.2 If the C2C has a temporary negative balance then interest will be due to the Accountable Body on the same terms as for credit balances.
CHARGES AND INTEREST. 5.1. All charges are payable on receipt of an invoice from MOL. The Customer shall pay interest at the rate of 14% on any overdue amount from the due date until the date payment is received. This clause is without prejudice to MOL's other rights and remedies under this Agreement.
CHARGES AND INTEREST. 6.1 The Bank will impose fees and charges for services rendered and will be entitled to debit such fees and charges to the Client’s account together any commissions, ledger fees, stamps, legal costs and other costs incidental to any transaction or arising from this agreement. All charges will be subject to Value Added Tax, if applicable. The Bank in its sole discretion may vary such fees and charges, by written notice to the Client.
CHARGES AND INTEREST. Charges
5.1 If you request us to make a withdrawal by CHAPS transfer, a charge (presently £25) will be applied to cover our transfer costs. Exceptional Service
5.2 We may charge for providing you with any nonstandard service which you request in connection with your account. We will inform you of the charge before we provide the service. Interest
5.3 Annual Equivalent Rate (AER) is based on interest paid and capitalised to the account once each year. Interest Rates
5.4 Variable interest rates will apply to the account. Customers can obtain details of current rates by visiting our website at: xxx.xxxxxxxxxxxxxxxxxx.xx.xx or by calling our customer service staff on 0845 845 0829.
5.5 The interest rate is guaranteed to be no less than 0.25% below the Bank of England Base Rate until 31/12/2012. Interest Calculation
5.6 Interest is calculated on a daily basis:
(a) in the case of cheques, from the second business day after the cheque is received for credit to your account; and
(b) for all other payments from the day funds are credited to or debited from your account. Taxation of Interest
5.7 Interest is normally payable net of lower rate tax (currently 20%) but may be paid gross if you provide us with the appropriately completed HM Revenue and Customs form.
5.8 For business accounts, interest may be paid gross without deduction of basic rate tax subject to confirmation of tax status as evidenced by the following documentation or as otherwise agreed with our customer service staff:
(a) Company – Certificate of Incorporation.
(b) Pension Fund – Evidence of HM Revenue and Customs scheme reference number.
(c) Association – Latest annual accounts signed by auditors or Deed of Constitution.
(d) Others – please contact our customer service staff. Interest Payments
5.9 Quarterly or annual interest application is available. Settlement of Interest
5.10 Interest may be credited to this account, or (providing the account balance is above
