Effect of Change in Rate Sample Clauses

Effect of Change in Rate. All other factors being equal, and subject to the method by which the minimum payment is calculated (as described below), an increase in the APR will increase the minimum payment, and a decrease in the APR will decrease the minimum payment.
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Effect of Change in Rate. All other factors being equal, and subject to the method by which the minimum payment is calculated (as described above), an increase in the APR will increase the minimum payment, and a decrease in the APR will decrease the minimum payment. 10.4: Prime Rate: The interest rate on your account is subject to change from time to time based on changes in an independent index which is the Prime Rate as published in the Wall Street Journal (the “Index”). If a range of rates has been published, the higher of the rates will be used. Information about the Index is available or published daily in the Wall Street Journal. You acknowledge that the Prime Rate as used herein does not mean the lowest rate at which the Bank has made or may make loans to any of its customers, either now or in the future. If the Index becomes unavailable, the Bank may designate a substitute Index after providing notice to you. The APR will increase when the Prime Rate increases. If the Prime Rate changes, resulting in a change in the APR, the change will take effect on the first day of your billing cycle the following month. The applied Index for the following as of 07/01/2011 is 3.25%. 10.5:
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