Interest Charged. If You Do Not Pay Your Minimum Payment Due
Interest Charged. If You Do Not Pay Your Minimum Payment Due How we calculate interest We calculate interest for a billing period by first calculating interest on each balance. Different categories of transactions--such as purchases and balance transfers--may have different interest rates. Balances within each category may also have different interest rates.
Interest Charged. Interest is charged at the annual rate determined by the Bank. The Bank may vary the rate of interest from time to time. The amount of interest charged on your Account Statement is calculated as follows:
Interest Charged. Interest charges owing on any cash deficit in one or more currencies held within the Account are calculated and payable monthly, in the same currency or currencies that is or are in deficit, based on an annual interest rate (divided by 365, or 366 in a leap year) and the average daily cash deficit or deficits during the calculation period. Any unpaid interest will be included in the calculation of the daily average cash deficit for the applicable currency. The rate of interest payable on the cash deficit will be determined by the Agent from time to time in its sole discretion. The rate of interest and method of calculation is available upon request to the Agent and will be the rate shown on the Holder's statement in respect of the Account.
Interest Charged. The Ministry may charge the Practice Group interest on any amount owing by the Practice Group at the then current interest rate charged by the Province of Ontario on accounts receivable from the time of the request.
Interest Charged. Fees and other charges made by OCB become due and payable in accordance with the terms within this Agreement and on demand. OCB reserves the right to charge interest on any amount outstanding twenty-eight (28) days after such fees are first demanded. The rate of interest will be 2% per annum above Barclays Bank base rate and chargeable from the date upon which the fee was due.
Interest Charged. For all contracts except the MVA Annuity and FutureLink Equity Index Annuity, the Company will process the loan with the rate in effect when the loan paperwork is received in good order. A loan interest rate of 5.50% is currently charged for the entire term of the loan. For variable annuity contracts subject to ERISA, a loan interest rate of 8% is currently charged for the term of the loan. For the MVA Annuity, the loan interest rate will be equal to Moody’s Corporate Bond Yield Average – Monthly Average, as published by Xxxxx’x Investors Service Inc., for the calendar month ending two months before the date on which the new loan interest rate is effective. The Company will process the loan using the rate in effect at the time the loan paperwork is received in good order. You may contact us for the interest rate effective for your loan. The loan interest rate will be in effect for the entire term of the loan. For the FutureLink Equity Index Annuity, the maximum loan interest rate will be equal to the greater of 4.0% or the Moody’s Corporate Bond Yield Average - Monthly Average, as published by Xxxxx’x Investors Service Inc., for the calendar month ending two months before the date on which the new loan interest rate is effective. The Company will process the loan using the rate in effect at the time the loan paperwork is received in good order. You may contact us for the interest rate effective for your loan. The loan interest rate will be in effect for the entire term of the loan.
Interest Charged. For all contracts except the MVA Annuity and FutureLink Equity Index Annuity, the Company will process the loan with the rate in effect when paperwork is received in good order. A loan interest rate of 5.50% is currently charged for the entire term of the loan. For variable annuity contracts subject to ERISA, a loan interest rate of 8% is currently charged for the term of the loan. For the MVA Annuity, the loan interest rate will be equal to Moody’s Corporate Bond Yield Average – Monthly Average, as published by Xxxxx’x Investors Service Inc., for the calendar month ending two months before the date on which the new loan interest rate is effective. The loan interest rate will apply for one year from the loan anniversary date. Annually on the anniversary date of the loan, the rate will be adjusted only if the new rate is an increase or decrease of 0.50% or greater. Your monthly payment can change yearly based on the changes in the interest rate. You may contact us for the initial interest rate effective for your loan. For the FutureLink Equity Index Annuity, the loan interest on any borrowed amount will be determined at regular intervals at least once every twelve (12) months, but not more frequently than once in any three-month period. The maximum loan interest rate will be equal to the greater of 4.0% or the Moody’s Corporate Bond Yield Average - Monthly Average, as published by Xxxxx’x Investors Service Inc., for the calendar month ending two months before the date on which the new loan interest rate is effective. You may contact us for the initial interest rate effective for your loan.
Interest Charged. For all contracts except the MVA Annuity and FutureLink Equity Index Annuity, the Company will process the loan with the rate in effect when paperwork is received in good order. A loan interest rate of 5.50% is currently charged for the entire term of the loan. For variable annuity contracts subject to ERISA, a loan interest rate of 8% is currently charged for the term of the loan. For the MVA Annuity, the loan interest rate will be equal to Moody’s Corporate Bond Yield Average – Monthly Average, as published by Xxxxx’x Investors Service Inc., for the calendar month ending two months before the date on which the new loan interest rate is effective. The loan interest rate will apply for one year from the loan anniversary date. Annually on the anniversary date of the loan, the rate will be adjusted only if the new rate is an increase or decrease of 0.50% or greater. Your monthly payment can change yearly based on the changes in the interest rate. You may contact us for the initial interest rate effective for your loan. For the FutureLink Equity Index Annuity, the loan interest on any borrowed amount will be determined at regular intervals at least once every twelve (12) months, but not more frequently than once in any three-month period. Interest will be charged in arrears. Interest not paid when due will be added to the loan balance and will bear interest at the same loan interest rate. The maximum loan interest rate will be equal to the greater of 4.0% or the Moody’s Corporate Bond Yield Average - Monthly Average, as published by Xxxxx’x Investors Service Inc., for the calendar month ending two months before the date on which the new loan interest rate is effective. You may contact us for the initial interest rate effective for your loan. The Company will hold a portion of your contract value equal to the outstanding balance as security for the loan. For the MVA Annuity and the FutureLink Equity Index Annuity, this portion of your contract value will continue to earn the same rate of interest as the rest of your contract value as fully described in your contract. For all other annuities, the portion held as security for the loan may earn less interest than is credited to the unloaned portion, but it will never earn less than three percent (3%).
Interest Charged. Interest on the principal sum of this Note shall be calculated on the basis of the actual number of days elapsed in the applicable calendar month multiplied by a daily rate based upon a 360–day year, and in any event interest calculated with reference to the maximum rate permitted by applicable law shall be calculated by multiplying the actual number of days elapsed in such period by a daily rate based on a year of 365/366 days (as applicable).”
