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

Appears in 7 contracts

Samples: Consumer Credit Card Agreement, 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 abovebelow), 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: Business Credit Card Agreement, 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 abovein 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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