Common use of Gold Clause in Contracts

Gold. The variable annual percentage rate is determined by adding a margin of 3.50% to the highest commercial prime rate correctly published in the Wall Street Journal, Western Edition, on the last Friday of each month. If, due to a holiday, the Wall Street Journal is not published on the last Friday of the month, we will use the prime rate published on the preceding day. The rate will adjust on the 19th day of the following month. For example, the rate published on the last Friday in January will be used to determine the rate that will apply to your account starting on February 19. The variable ANNUAL PERCENTAGE RATE in effect within 30 days of our providing this disclosure to you is shown in the table at the top of this Agreement.

Appears in 5 contracts

Samples: Credit Cardholder Agreement, Credit Cardholder Agreement, Credit Cardholder Agreement

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