INTEREST AND CHARGES. 7.1 If we do not receive your full payment of the current balance specified in the statement of account on or before the payment due date, you must pay daily interest at the rate of (i) S$3.00 per month or (ii) at the retail interest rate or cash interest rate (where applicable) as set out in the statement of account, whichever is the greater, on:-
(a) the amount of each unpaid card transaction, or part thereof, listed in the current statement of account, from the date each such card transaction was effected until the date of the current statement of account; and
(b) the current balance specified in the statement of account, from the date of the statement of account until the day before the date when we receive payment of the current balance (entirely or partly); and
(c) the current balance specified in the statement of account less any partial payment, from the date of such partial payment to the date of the next statement of account or the date when we receive full payment of the current balance, whichever is the earlier; and
(d) the amount of each card transaction debited to the card account after the date of the statement of account, from the date each such card transaction was effected until the date of the next statement of account or the date when we receive full payment of the current balance, whichever is the earlier.
INTEREST AND CHARGES. It is not the intention of any parties to this Agreement to make an agreement in violation of the laws of any applicable jurisdiction relating to usury. Regardless of any provision in any Loan Documents, no Lender shall ever be entitled to receive, collect or apply, as interest on the Obligations, any amount in excess of the Maximum Amount. If any Lender or participant ever receives, collects or applies, as interest, any such excess, such amount which would be excessive interest shall be deemed a partial repayment of principal and treated hereunder as such; and if principal is paid in full, any remaining excess shall be paid to the Borrower. In determining whether or not the interest paid or payable, under any specific contingency, exceeds the Maximum Amount, the Borrower and the Lenders shall, to the maximum extent permitted under Applicable Law, (a) characterize any nonprincipal payment as an expense, fee or premium rather than as interest, (b) exclude voluntary prepayments and the effect thereof, and (c) amortize, prorate, allocate and spread in equal parts, the total amount of interest throughout the entire contemplated term of the Obligations so that the interest rate is uniform throughout the entire term of the Obligations; provided, however, that if the Obligations are paid and performed in full prior to the end of the full contemplated term thereof, and if the interest received for the actual period of existence thereof exceeds the Maximum Amount, the Lenders shall refund to the Borrower the amount of such excess or credit the amount of such excess against the total principal amount of the Obligations owing, and, in such event, the Lenders shall not be subject to any penalties provided by any laws for contracting for, charging or receiving interest in excess of the Maximum Amount. This Section shall control every other provision of all agreements pertaining to the transactions contemplated by or contained in the Loan Documents.
INTEREST AND CHARGES. (i) You shall pay interest, which shall accrue daily at the prevailing interest rate for CRC accounts and for any additional credit granted pursuant to Clause 2(e) of this Agreement based on a 365-day year on the end-of-day outstanding debit balance each day, subject to a minimum charge of S$5.00 per month, from the transaction date until the date when full payment of the CRC outstanding balance is received by us. Such interest shall be compounded monthly and we shall be entitled, in our reasonable discretion, to vary the minimum charge at any time and from time to time with reasonable notice and the same shall be conclusive and binding on you. The interest which has accrued up to the date of the CRC statement shall be specified in the CRC statement.
(ii) If the minimum payment specified in any earlier CRC statement or such part of the CRC outstanding balance shown in such CRC statement or in any other statement from us to you relating to additional credit granted pursuant to Clause 2(e) of this Agreement is not received by us in full on or before the payment date specified in such CRC statement or otherwise notified to you, as the case may be, you shall pay a late payment charge determined by us and notified to you from time to time.
(iii) You authorize us to contact you (using the details you provided in the CRC application form) at any time via the telephone, electronic mail or by SMS provided by telecommunications providers, or such other means, to inform you of any matter relating to your CRC account including informing you that your CRC outstanding balance is past the relevant payment date.
(b) You shall be liable to pay:
(i) a non-refundable membership fee, payable annually in advance for each year or part thereof during which your CRC account is subsisting;
(ii) a handling fee for any CRC cheque issued by you which is dishonoured for any reason whatsoever;
(iii) a handling fee for any CRC cheque in respect of which you have given instructions to stop payment;
(iv) a service charge or administrative fee, for any service provided by us (including without limitation, maintaining your inactive CRC account or sending you copies of past CRC statements upon your request) or any action taken by us in carrying out any instructions or requests received from you relating to the operation of your CRC account, whether such services or actions are referred to or contemplated in this Agreement or otherwise;
(v) an overlimit fee if the current balance on your CRC ...
INTEREST AND CHARGES. Cash Accounts may be interest bearing or non-interest bearing and may be subject to charges or fees on the deposit balance or on a per account basis. The Custodian or the relevant Subcustodian will determine on a periodic basis:
4.5.1 the interest rates, if any, (which may be positive, zero or negative) or equivalent charges or fees paid or charged to the Client from time to time with respect to a Cash Account; and
4.5.2 the overdraft rates or equivalent charges or fees and the applicable overdraft thresholds (if any) that will trigger interest charges from time to time for overdrafts, in each case, acting in their sole discretion, taking into account market conditions and other relevant commercial considerations. Interest and overdraft rates or other account charges or fees will vary by currency. Details on current rates and deposit account charges are available upon request.
INTEREST AND CHARGES. (a) If we do not receive full payment of the current balance specified in the master billing statement of account on or before the payment due date stipulated therein, the business member must pay daily interest at the retail interest rate of 26.9% per annum and cash interest rate of 26.9% per annum, on:-
(i) the amount of each unpaid card transaction comprising the current balance of the master billing statement of account, or part thereof, listed in the current master billing statement of account, from the date each such card transaction was effected until the date of the current master billing statement of account; and
(ii) the current balance specified in the master billing statement of account, from the date of the master billing statement of account until the day before the date when we receive payment of the current balance (entirely or partly); and
(iii) the current balance specified in the master billing statement of account less any partial payment, from the date of such partial payment to the date of the next master billing statement of account or the date when we receive full payment of the current balance thereof, whichever is the earlier; and
(iv) the amount of each new card transaction debited to the card account after the date of the master billing statement of account, from the date each such card transaction was effected until the date of the next master billing statement of account or the date when we receive full payment of the current balance, whichever is the earlier.
(b) Interest on the amounts set out in clause 7.1(a) shall accrue on a daily basis and shall be payable monthly, subject to a minimum interest charge of S$3.00 a month.
7.2 The business member must also pay:-
(a) Late payment charge a monthly late payment charge at a rate(s) determined by us and notified to the business member from time to time if we do not receive full payment of the minimum payment amount specified in the master billing statement of account on or before the payment due date thereof; and
(b) Annual fee a non-refundable annual fee in respect of each specified individual card and card account under the program; and
INTEREST AND CHARGES. 7.1 If we do not receive your full payment of the current balance specified in the statement of account on or before the payment due date, you must pay daily interest at the rate of US$3.00 per month or at the effective interest rate mentioned in the statement of account, whichever is the greater, on:-
(a) The amount of each unpaid card transaction, or part thereof, listed in the current statement of account, from the date each such card transaction was effected until the date of the current statement of account; and
(b) The current balance specified in the statement of account, from the date of the statement of account until the day before the date when we receive payment of the current balance (entirely or partly); and
(c) The current balance specified in the statement of account less any partial payment, from the date of such partial payment to the date of the next statement of account or the date when we receive full payment of the current balance, whichever is the earlier; and
(d) The amount of each card transaction debited to the card account after the date of the statement of account, from the date each such card transaction was effected until the date of the next statement of account or the date when we receive full payment of the current balance, whichever is the earlier.
INTEREST AND CHARGES. 7.1 If we do not receive your full payment of the current balance specified in the statement of account on or before the payment due date, you must pay daily interest at the rate of (i) S$3.00 per month or (ii) at the retail interest rate or cash interest rate (where applicable) as set out in the statement of account, whichever is the greater, on:-
(a) the amount of each unpaid card transaction, or part thereof, listed in the current statement of account, from the date each such card transaction was effected until the date of the current statement of account; and
(b) the current balance specified in the statement of account, from the date of the statement of account until the day before the date when we receive payment of the current balance (entirely or partly); and
(c) the current balance specified in the statement of account less any partial payment, from the date of such partial payment to the date of the next statement of account or the date when we receive full payment of the current balance, whichever is the earlier; and
(d) the amount of each card transaction debited to the card account after the date of the statement of account, from the date each such card transaction was effected until the date of the next statement of account or the date when we receive full payment of the current balance, whichever is the earlier.
7.2 You must also pay:-
(a) Annual fee
(b) Card renewal/replacement fee
(c) Handling fee for dishonoured check/payment order
(d) Fee for foreign currency payment tendered to us; and
(e) Interest on cash advance and quasi-cash transactions
(f) Cash advance fee
(g) Administrative fee for production of documents Document Administrative fee per copy
(h) Service charge/administrative fee
(i) Overlimit fee
INTEREST AND CHARGES. 7.1 The business member must also pay:
(a) Late payment charge
INTEREST AND CHARGES. (A) Interest shall accrue on the Term Loan in accordance with the terms of the Term Note and, subject to Section 3.1(F), shall accrue on the principal amount of the Revolving Credit Loans outstanding at the end of each day at the lesser of (i) a fluctuating rate per annum equal to the Applicable Margin (determined in accordance with Section 3.1(F) hereof) above the Base Rate (the "Annual Rate") or (ii) the Maximum Legal Rate. After the date hereof, the Annual Rate shall be increased or decreased, as the case may be, by an amount equal to any increase or decrease in the Base Rate, with such adjustments to be effective as of the opening of business on the day that any such change in the Base Rate becomes effective. The Base Rate in effect on the date hereof shall be the Base Rate effective as of the opening of business on the date hereof, but if this Agreement is executed on a day that is not a Business Day, the Base Rate in effect on the date hereof shall be the Base Rate effective as of the opening of business on the last
(B) Notwithstanding the foregoing or any other provision in this Agreement, (i) if at any time the amount of interest computed on the basis of the Annual Rate or the Default Rate would exceed the amount of such interest computed upon the basis of the maximum rate of interest permitted by applicable state or federal law in effect from time to time hereafter (the "Maximum Legal Rate"), the interest payable under this Agreement shall be computed upon the basis of the Maximum Legal Rate, but any subsequent reduction in the Annual Rate or Default Rate, as applicable, shall not reduce such interest thereafter payable hereunder below the amount computed on the basis of the Maximum Legal Rate until the aggregate amount of such interest accrued and payable under this Agreement equals the total amount of interest which would have accrued if such interest had been at all times computed solely on the basis of the Annual Rate or Default Rate, as applicable; and (ii) unless preempted by federal law, the Annual Rate or Default Rate, as applicable, from time to time in effect hereunder may not exceed the "indicated ceiling rate" from time to time in effect under Tex. Rev. Civ.
INTEREST AND CHARGES. Cash Accounts may be interest bearing or non-interest bearing and may be subject to charges or fees on the deposit balance or on a per account basis. The Custodian or the relevant Subcustodian will determine on a periodic basis:
4.5.1 the interest rates, if any, (which may be positive, zero or negative) or equivalent charges or fees paid or charged to the Client from time to time with respect to a Cash Account; provided, however, where possible, prior to the imposition of a negative interest rate, the Custodian or relevant Subcustodian will use reasonable efforts, to provide notice to the Client; and
4.5.2 the overdraft rates or equivalent charges or fees and the applicable overdraft thresholds (if any) that will trigger interest charges from time to time for overdrafts, in each case, acting in their sole discretion, taking into account market conditions and other relevant commercial considerations. Interest and overdraft rates or other account charges or fees will vary by currency. Details on current rates and deposit account charges are available upon request.
