Debit interest applicable to Usury Act Customers Sample Clauses

Debit interest applicable to Usury Act Customers. 9.4.1 Debit interest will be calculated at the rate decided by us from time to time as shown on the Business Control account monthly statement, but will not exceed the maximum permissible annual finance charge rate allowed under the Usury Act. 9.4.2 Debit interest will be calculated and capitalised and charged at the maximum permissible annual finance charge rate allowed under the Usury Act when this agreement ends and/or the Business credit facility ends.
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Debit interest applicable to Usury Act Customers. 8.6.1 Debit interest will be calculated daily at the rate decided by us from time to time and charged to your account monthly, but will not exceed the maximum permissible annual finance charge rate allowed under the Usury Act. 8.6.2 Debit interest will be calculated daily, capitalised and charged to your account monthly at the maximum permissible annual finance charge rate allowed under the Usury Act after this agreement ends and/or your right to use the credit card ends and/or your credit facility ends. 8.6.3 When a Usury Act Customers account goes legal, the Customers interest rate will be increased to the maximum interest rate allowed in terms of the National Credit Act. 8.6.4 Should a Usury Act customer opt to re-contract with us, clause 8.5.1 shall apply unless otherwise agreed.

Related to Debit interest applicable to Usury Act Customers

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