Common use of INTEREST AND CHARGES Clause in Contracts

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. (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 accounttransaction, 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 thereofbalance, 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 You must also pay:-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; andcharge (b) Annual fee (c) Card renewal/replacement fee (d) Handling fee a nonfor dishonoured check/payment order (e) Fee for foreign currency payment tendered to us (f) Interest on cash advance and quasi-refundable annual cash transactions (g) Cash advance fee (h) Administrative fee in respect for production of each specified individual card and card account under the program; anddocuments Item Charge per copy (i) Service charge/administrative fee

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 accounttransaction, 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 thereofbalance, 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 You 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; andcharge (b) Annual fee (c) Card renewal/replacement fee (d) Handling fee a nonfor dishonoured check/payment order (e) Fee for foreign currency payment tendered to us (f) Interest on cash advance and quasi-refundable annual cash transactions (g) Cash advance fee (h) Administrative fee in respect for production of each specified individual card and card account under the program; anddocuments Item Charge per copy (i) Service charge/administrative fee (j) Overlimit Fee

INTEREST AND CHARGES. (a) 7.1 If we do not receive full payment of the current balance specified 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 26.9S$3.00 per month or 2% per annum and cash interest rate of 26.9% per annummonth, whichever is the greater, on:- (ia) 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 (iib) the current balance specified 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 (iiic) the current balance specified 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 (ivd) 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 notifi ed to the business member from time to time if we do not receive full payment of the minimum payment amount specified 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 specified individual card and card account under the program; and

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 26.927.9% per annum and cash interest rate of 26.927.9% 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. (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 accounttransaction, 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 thereofbalance, 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 You must also pay:-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; andcharge (b) Annual fee (c) Card renewal/replacement fee (d) Handling fee a nonfor dishonoured check/payment order (e) Fee for foreign currency payment tendered to us (f) Interest on cash advance and quasi-refundable annual cash transactions (g) Cash advance fee (h) Administrative fee in respect for production of each specified individual card documents Item Charge per copy (i) Service charge/administrative fee 7.3 Variation of interest and card account under the program; andcharges

INTEREST AND CHARGES. (a) 7.1 If we do not receive full payment of the current balance specified 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 26.9S$3.00 per month or 2% per annum and cash interest rate of 26.9% per annummonth, whichever is the greater, on:- (ia) 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 (iib) the current balance specified 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 (iiic) the current balance specified 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 (ivd) 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 notified to the business member from time to time if we do not receive full payment of the minimum payment amount specified 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 specified individual card and card account under the program; and

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 26.927.9% per annum and cash interest rate of 26.927.9% per annum, on:- (i) the amount of each unpaid card transaction comprising the current balance of the master billing statement of accounttransaction, 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 thereofbalance, 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 You must also pay:-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; andcharge (b) Annual fee (c) Card renewal/replacement fee (d) Handling fee a non-refundable annual for dishonoured check/payment order (e) Fee for foreign currency payment tendered to us (g) Cash advance fee (h) Administrative fee in respect for production of each specified individual card and card account under the program; anddocuments Item Charge per copy (i) Service charge/administrative fee

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 accounttransaction, 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 thereofbalance, 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 You 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; andcharge (b) Annual fee (c) Card renewal/replacement fee (d) Handling fee a nonfor dishonoured check/payment order (e) Fee for foreign currency payment tendered to us (f) Interest on cash advance and quasi-refundable annual cash transactions (g) Cash advance fee (h) Administrative fee in respect for production of each specified individual card documents Item Charge per copy (i) Service charge/administrative fee (j) Overlimit Fee 7.3 Variation of interest and card account under the program; andcharges

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 26.927.9% per annum and cash interest rate of 26.927.9% per annum, on:- (i) the amount of each unpaid card transaction comprising the current balance of the master billing statement of accounttransaction, 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 thereofbalance, 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 You 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; andcharge (b) Annual fee (c) Card renewal/replacement fee (d) Handling fee a non-refundable annual for dishonoured check/payment order (e) Fee for foreign currency payment tendered to us (g) Cash advance fee (h) Administrative fee in respect for production of each specified individual card and card account under the program; anddocuments Item Charge per copy (i) Service charge/administrative fee (j) Overlimit Fee (k) Branch Service fee

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 26.927.9% per annum and cash interest rate of 26.927.9% per annum, on:- (i) the amount of each unpaid card transaction comprising the current balance of the master billing statement of accounttransaction, 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 thereofbalance, 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 You 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; andcharge (b) Annual fee (c) Card renewal/replacement fee (d) Handling fee a non-refundable annual for dishonoured check/payment order (e) Fee for foreign currency payment tendered to us (g) Cash advance fee (h) Administrative fee in respect for production of each specified individual card and card account under the program; anddocuments Item Charge per copy (i) Service charge/administrative fee (j) Overlimit Fee

INTEREST AND CHARGES. (a) If we do not receive full payment of the current balance specified 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 accounttransaction, 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 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 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 thereofbalance, 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$3.00 a month. 7.2 The business member You must also pay:-pay: (a) Late payment charge a monthly late payment charge at a rate(s) determined by us and notified to the business member from time to time if we do not receive full payment of the minimum payment amount specified in the master billing statement of account on or before the payment due date thereof; andcharge (b) Annual fee (c) Card renewal/replacement fee (d) Handling fee a nonfor dishonoured check/payment order (e) Fee for foreign currency payment tendered to us (f) Interest on cash advance and quasi-refundable annual cash transactions (g) Cash advance fee (h) Administrative fee in respect for production of each specified individual card and card account documents Item Charge per copy (i) current to 6 months old S$ 5.00 statement of account: (i) current to 2 months old Free (ii) Above 2 months to under the program; and1 year S$ 15.00 (iii) Above 1 year to 5 years S$ 30.00 (iv) Beyond 5 years S$ 100.00 (i) Service charge/administrative fee

INTEREST AND CHARGES. (a) 7.1 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 rate of S$3.00 per month or retail interest rate of 26.92.084% per annum month (25% per annum) and cash interest rate of 26.92.167% per month (26% per annum), whichever is the greater, on:- (ia) 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 (iib) 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 (iiic) 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 (ivd) 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 notifi ed 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. (a) If we do not receive full payment of the current balance specified 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 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 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 notified to the business member from time to time if we do not receive full payment of the minimum payment amount specified 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 specified individual card and card account under the program; and