Interest Calculation and Payment. Interest on Prime Based Loans and USBR Loans is calculated daily and payable monthly in arrears based on the number of days the subject loan is outstanding unless otherwise provided in the Rate and Payment Terms Notice. The Stamping Fee is calculated based on the amount and the term of the B/A and payable upon acceptance by the Bank of the B/A. The net proceeds received by the Borrower on a B/A advance will be equal to the Face Amount of the B/A discounted at the Bank’s then prevailing B/A discount rate for CDN$ B/As or US$ B/As as the case may be, for the specified term of the B/A less the B/A Stamping Fee. Interest on LIBOR Loans is calculated and payable on the earlier of contract maturity or quarterly in arrears, for the number of days in the LIBOR interest period. L/C and L/G fees are payable at the time set out in the Letter of Credit Indemnity Agreement applicable to the issued L/C or L/G. Interest on Fixed Rate Term Loans is compounded monthly and payable monthly in arrears unless otherwise provided in the Rate and Payment Terms Notice. Interest is payable both before and after maturity or demand, default and judgment. Each payment under this Agreement shall be applied first in payment of costs and expenses, then interest and fees and the balance, if any, shall be applied in reduction of principal. For loans not secured by real property, all overdue amounts of principal and interest and all amounts 12 outstanding in excess of the Credit Limit shall bear interest from the date on which the same became due or from when the excess was incurred, as the case may be, until the date of payment or until the date the excess is repaid at 21% per annum, or such lower interest rate if the Bank agrees to a lower interest rate in writing. Nothing in this clause shall be deemed to authorize the Borrower to incur loans in excess of the Credit Limit.
Interest Calculation and Payment. Each Statement Cycle interest will be calculated and separately credited to each open Envelope generally within two days after the end of the Statement Cycle. Each Statement Cycle interest for each Envelope is calculated by: (1) applying the current interest rate to the average daily balance across all of your Envelopes for the Statement Cycle, and (2) multiplying the amount in clause (1) by the average daily balance in the applicable Envelope for the Statement Cycle divided by the average daily balance across all Envelopes for the Statement Cycle. The average daily balance of an Envelope is calculated by adding together the balances in the Envelope for every day the Envelope is open during the Statement Cycle and dividing that amount by the number of days the Envelope is open in the Statement Cycle. The current variable rate at which interest may be paid on your Envelopes, and the corresponding APY, can be found under “Manage” on the Website or in the Mobile App. The APY is a percentage reflecting the total amount of interest paid on your Envelopes, based on the interest rate and frequency of compounding. We may, at our sole discretion, change the interest rate, and the corresponding APY, at any time without notice. Any change we may make to the interest rate would not take effect until the next Statement Cycle. We will credit interest in whole cents, after rounding to the nearest cent, to the applicable Envelope. Because interest is credited only at the end of your Statement Cycle, the amount of accrued interest is not added to the daily balance of your Envelopes during the Statement Cycle. That means that interest does not compound prior to being credited to your Envelopes.
Interest Calculation and Payment. Interest on Prime Based Loans and USBR Loans is calculated daily and payable monthly in arrears based on the number of days the subject loan is outstanding. The Stamping Fee is calculated based on the amount and the term of the B/A and payable upon acceptance by the Bank of the B/A. The net proceeds received by the Borrower on a B/A advance will be equal to the Face Amount of the B/A discounted at the Bank's then prevailing B/A discount rate for the specified term of the B/A less the B/A Stamping Fee. Interest on LIBOR Loans is calculated and payable on the earlier of contract maturity or quarterly in arrears, for the number of days in the LIBOR interest period. L/C and L/G fees are payable at the time of issuance of the L/C or L/G. Interest on Fixed Rate Loans is compounded monthly and payable monthly in arrears unless otherwise noted. Interest is payable both before and after maturity or demand, default and judgment. Each payment under this Agreement shall be applied first in payment of costs and expenses, then interest and fees and the balance, if any, shall be applied in reduction of principal. For loans not secured by real property, all overdue amounts of principal and interest shall bear interest from the date on which the same became due until the date of payment at the All-In Rate plus 2% per annum.
Interest Calculation and Payment. (1) This Loan shall bear interest at a rate of 7.605% per annum (the "Loan Interest Rate"). Interest on the Loan Amount will accrue in the short-term at the Loan Interest Rate specified herein; and in the medium-term and long-term at a rate to be determined annually pursuant to rules set by the People's Bank of China. Interest on the Loan Amount for the first year will accrue at the Loan Interest Rate specified herein.
Interest Calculation and Payment. 3.2.1 The interest shall accrue from the Party A’s actual drawdown date and shall be determined in the following manner (1):
Interest Calculation and Payment. (1) This Loan shall bear interest at a rate of 7.722% per annum (the "Loan Interest Rate"). Interest on the Loan Amount will accrue in the short-term at the Loan Interest Rate specified herein; and in the medium-term and long-term at a rate to be determined annually pursuant to rules set by the People's Bank of China. Interest on the Loan Amount for the first year will accrue at the Loan Interest Rate specified herein. At the end of each year, Lender shall determine the interest rate for the next year based on the legal interest rate at the time for the corresponding rating category and inform Borrower thereof.
Interest Calculation and Payment. 4.1. Interest is calculated and accrued on a daily basis. Interest is credited to designated accounts, no later than the 5th business day of the following month. The designated accounts include the “Interest VaultPlus Account” for the InterestPlus Savings Account and the Interest VaultMax Account for the InterestMax Investment Account.
Interest Calculation and Payment. 3.1. The Bank undertakes to pay to the Customer an interest at a rate determined by the Bank for the funds held in the Savings Deposit and published at all customer service units of the Bank in Lithuania and is posted on the website xxx.xxxxxxx.xx.
Interest Calculation and Payment. We will calculate interest on the average daily available balance in your account. We will credit interest in whole cents to the account at the end of your Statement Cycle. The interest rate is variable, which means we may, at our sole discretion, at any time, change the interest rate paid on the principal balance of your account and the corresponding annual percentage yield, without limit and without notice. Annual percentage yield is a percentage reflecting the total amount of interest paid on your account, based on the interest rate and frequency of compounding. The rate at which interest may be paid on the principal balance of your account, and the corresponding annual percentage yield, can be found under “Account Info” in the Quickbooks Money mobile application (“Mobile App”). The rate at which we pay interest may be zero. Any change we may make to the interest rate or annual percentage yield would not take effect until the next Statement Cycle. Interest is calculated based on the average daily available balance in your account during the Statement Cycle. This method applies the variable interest rate to the average daily available balance in your account for your Statement Cycle. The average daily available balance is calculated by adding the available balance in your account of your Statement Cycle and dividing that figure by the number of days in that Statement Cycle. Interest will be credited to your account at the end of each Statement Cycle assuming the account meets the eligibility requirements in Section 1.c.i and contains an average daily available balance set forth in Section 1.c.ii. above. Because interest is credited to your account only at the end of your Statement Cycle, the amount of accrued interest is not added to the daily balance of your account during the Statement Cycle. That means that interest does not compound prior to being credited to your account. There is no limit on the maximum amount of interest that can be earned.
Interest Calculation and Payment. The Borrower shall pay interest on the unpaid principal amount of the Loans made by each Syndication Party from the date of such Loans until such principal amount shall be paid in full, at the times and at the rates per annum set forth below:
