Equal Instalment Financing and Cash Advances by Equal Instalments. Credit charges on equal instalment financing and cash advances by equal Instalments are calculated monthly at the annual interest rate indicated on the statement of account.
Equal Instalment Financing and Cash Advances by Equal Instalments Sample Clauses
Related to Equal Instalment Financing and Cash Advances by Equal Instalments
Refinancing Preparation Advance; Capitalizing Front-end Fee and Interest (a) If the Loan Agreement provides for the repayment out of the proceeds of the Loan of an advance made by the Bank or the Association (“Preparation Advance”), the Bank shall, on behalf of such Loan Party, withdraw from the Loan Account on or after the Effective Date the amount required to repay the withdrawn and outstanding balance of the advance as at the date of such withdrawal from the Loan Account and to pay all accrued and unpaid charges, if any, on the advance as at such date. The Bank shall pay the amount so withdrawn to itself or the Association, as the case may be, and shall cancel the remaining unwithdrawn amount of the advance.”
Conversion to Single Currency 31.1 For evaluation and comparison purposes, the currency(ies) of the Tender shall be converted in a single currency as specified in the TDS.
