Common use of Fixed Rate Advances Clause in Contracts

Fixed Rate Advances. The minimum fixed rate credit advance you can receive is $5,000.00. The maximum number of fixed rate advance account balances that may be outstanding at any given time is three. Tax Deductibility You should consult a tax advisor regarding the deductibility of interest and charges for the line of credit. The information provided below applies only to any Variable Rate Advances you may obtain under this plan. Variable Rate Feature This plan has a Variable Rate feature. The Annual Percentage Rate (corresponding to the periodic rate) and the minimum payment during the draw and the repayment periods for Variable Rate Advances can change as a result. The Annual Percentage Rate includes only interest and no other costs. The Annual Percentage Rate is based on the value of an index. The index is the highest Prime Rate as published in The Wall Street Journal in effect on the last day of each month. To determine the Annual Percentage Rate that will apply to your line of credit, we add a margin to the value of the index. Ask us for the current index value, margin and Annual Percentage Rate. After you open a line of credit, rate information will be provided in periodic statements that we send you. Rate Changes Your Annual Percentage Rate can change on the first day of each calendar month immediately following any change in the index. There is no limit on the amount by which your rate can change on any given change date other than the maximum and minimum Annual Percentage Rates that can apply at any time to this account. The maximum ANNUAL PERCENTAGE RATE at any time is 18.00%. The minimum ANNUAL PERCENTAGE RATE at any time is 3.25%.

Fixed Rate Advances. The minimum fixed rate credit advance you can receive is $5,000.00. The maximum number of fixed rate advance account balances that may be outstanding at any given time is three. Tax Deductibility You should consult a tax advisor regarding the deductibility of interest and charges for the line of credit. The information provided below applies only to any Variable Rate Advances you may obtain under this plan. Variable Rate Feature This plan has a Variable Rate feature. The Annual Percentage Rate (corresponding to the periodic rate) and the minimum payment during the draw and the repayment periods for Variable Rate Advances can change as a result. The Annual Percentage Rate includes only interest and no other costs. The Annual Percentage Rate is based on the value of an index. The index is the highest Prime Rate as published in The Wall Street Journal in effect on the last day of each month. To determine the Annual Percentage Rate that will apply to your line of credit, we add a margin to the value of the index. Ask us for the current index value, margin and Annual Percentage Rate. After you open a line of credit, rate information will be provided in periodic statements that we send you. Rate Changes Your Annual Percentage Rate can change on the first day of each calendar month immediately following any change in the index. There is no limit on the amount by which your rate can change on any given change date other than the maximum and minimum Annual Percentage Rates that can apply at any time to this account. The maximum ANNUAL PERCENTAGE RATE at any time is 18.00%. The minimum ANNUAL PERCENTAGE RATE at any time is 3.25%.. Maximum Rate And Payment Examples

Fixed Rate Advances. The minimum fixed rate credit advance you can receive is $5,000.00. The maximum number of fixed rate advance account balances that may be outstanding at any given time is three. Tax Deductibility You should consult a tax advisor regarding the deductibility of interest and charges for the line of credit. The information provided below applies only to any Variable Rate Advances you may obtain under this plan. Variable Rate Feature This plan has a Variable Rate feature. The Annual Percentage Rate (corresponding to the periodic rate) and the minimum payment during the draw and the repayment periods for Variable Rate Advances can change as a result. The Annual Percentage Rate includes only interest and no other costs. The Annual Percentage Rate is based on the value of an index. The index is the highest Prime Rate as published in The Wall Street Journal in effect on the last day of each month. To determine the Annual Percentage Rate that will apply to your line of credit, we add a margin to the value of the index. Ask us for the current index value, margin and Annual Percentage Rate. After you open a line of credit, rate information will be provided in periodic statements that we send you. Rate Changes Your Annual Percentage Rate can change on the first day of each calendar month immediately following any change in the index. There is no limit on the amount by which your rate can change on any given change date other than the maximum and minimum Annual Percentage Rates that can apply at any time to this account. The maximum ANNUAL PERCENTAGE RATE at any time is 18.00%. The minimum ANNUAL PERCENTAGE RATE at any time is 3.25%.. Maximum Rate and Payment Examples

Fixed Rate Advances. The minimum fixed rate credit advance you can receive is $5,000.00. The maximum number of fixed rate advance account balances that may be outstanding at any given time is three. Tax Deductibility You should consult a tax advisor regarding the deductibility of interest and charges for the line of credit. The information provided below applies only to any Variable Rate Advances you may obtain under this plan. Variable Rate Feature This plan has a Variable Rate feature. The Annual Percentage Rate (corresponding to the periodic rate) and the minimum payment during the draw and the repayment periods for Variable Rate Advances can change as a result. The Annual Percentage Rate includes only interest and no other costs. The Annual Percentage Rate is based on the value of an index. The index is the highest Prime Rate as published in The Wall Street Journal in effect on the last day of each month. To determine the Annual Percentage Rate that will apply to your line of credit, we add a margin to the value of the index. Ask us for the current index value, margin and Annual Percentage Rate. After you open a line of credit, rate information will be provided in periodic statements that we send you. Rate Changes Your Annual Percentage Rate can change on the first day of each calendar month immediately following any change in the index. There is no limit on the amount by which your rate can change on any given change date other than the maximum and minimum Annual Percentage Rates Rate that can apply at any time to this your account. The maximum ANNUAL PERCENTAGE RATE at any time is 18.00%. The minimum ANNUAL PERCENTAGE RATE at any time is 3.25%.