Common use of Effect of Change in Rate Clause in Contracts

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.

Appears in 6 contracts

Samples: www.amegybank.com, www.calbanktrust.com, www.zionsbank.com

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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 belowabove), an increase in the APR will increase the minimum payment, and a decrease in the APR will decrease the minimum payment.

Appears in 5 contracts

Samples: Consumer Credit Card Agreement, Business Credit Card Agreement, Business Credit Card Agreement

Effect of Change in Rate. All other factors being equal, and subject to the method by which the minimum payment is calculated (as described belowabove), an increase in the APR will increase the minimum payment, and a decrease in the APR will decrease the minimum payment.. The Index for the following is 3.25% as of 10/01/2011:

Appears in 2 contracts

Samples: Business Credit Card Agreement, Business Credit Card Agreement

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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 in Section VIII.3 below), an increase in the APR will Annual Percentage Rate may increase the minimum payment, and a decrease in the APR will annual percentage rate may decrease the minimum payment.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement

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