Interest Fees and Charges Sample Clauses
The 'Interest, Fees and Charges' clause defines the financial costs that may be incurred under the agreement, such as interest rates on outstanding balances, service fees, and other applicable charges. It typically outlines how and when interest is calculated, the types of fees that may be charged (for example, late payment fees or administrative charges), and the circumstances under which these costs apply. This clause ensures that both parties are aware of the potential financial obligations involved, promoting transparency and helping to prevent disputes over unexpected costs.
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Interest Fees and Charges. 1Interest
Interest Fees and Charges. Interest shall accrue on Outstanding Advances, both before and after judgment, from the date of disbursement until receipt of Collected Payments, at the Daily Funds Rate. Upon occurrence of an Event of Default, interest on Outstanding Advances shall thereafter accrue, both before and after judgment, at the Default Rate until receipt of Collected Payments. In addition, Client shall pay Summit the Fees and Charges. The Collateral Management Fees are for monitoring of the Collateral, collection of the Accounts, and administration of this Agreement. The Collateral Management Fees are not intended to be and shall not be construed to be interest. Interest and Fees and Charges may be deducted from Advances or from Collected Payments.
Interest Fees and Charges. 9.1. We do not pay interest on credit balances on your account.
Interest Fees and Charges. (a) Rates of Interest. Interest accrued on all Loans shall be due on the earliest of: (i) the first day of each month (for the immediately preceding month), computed through the last calendar day of the preceding month; (ii) the occurrence of an Event of Default in consequence of which LaSalle elects to accelerate the maturity and payment of the Liabilities; or (iii) termination of this Agreement pursuant to paragraph 12 hereof. At Borrower's election, except as otherwise provided in paragraph 6(c) hereof, interest shall accrue on:
(A) the unpaid principal balance of the Term Loan made to Borrower outstanding at the end of each day at a fluctuating rate per annum equal to one and one-half per cent (1.50%) (the "TERM LOAN MARGIN") above the Reference Rate; and (B) the principal amount of the Revolving Loans made to Borrower outstanding at the end of each day at a fluctuating rate per annum equal to one per cent (1.00%) (the "REVOLVING LOAN MARGIN") above the Reference Rate; provided, however, that upon LaSalle's receipt and review of Borrower's consolidated audited financial statements indicating consolidated net income for Fiscal Year ending December 31, 2000, of not less than $500,000, then the Revolving Loan Margin and the Term Loan Margin shall each thereafter be reduced by fifty (50) basis points (i.e., one-half of one percent (0.50%)), with such reduction to
Interest Fees and Charges. Interest will accrue and will be calculated and charged in accordance with the provisions of this section unless otherwise stated.
Interest Fees and Charges. Paragraph 5(b) is deleted in its entirety and the following is substituted in lieu thereof:
Interest Fees and Charges a. The Bank may provide interests and impose fees and charges for certain products and services provided to you. The rate may vary from time to time. By subscribing to Bank’s product and services, you acknowledge having been informed and accept without restriction to the rate defined by the Bank. The Bank will inform customer 30 days prior to the effect of the amendment.
b. You agree that the Bank debit from your account for these fees and charges whenever they become payable. Any other applicable government fees and charges shall be debited by the Bank from your account.
Interest Fees and Charges. Section 3.1.
Interest Fees and Charges. (a) INTEREST RATE. Until completion by Tarpon Industries, Inc., of its underwritten initial public offering of its common shares pursuant to an effective registration statement filed with the United States Securities and Exchange Commission (the "IPO"), each Loan shall bear interest at the Prime Rate in effect from time to time, plus 0.375 percent per annum, payable on the first Business Day of each month in arrears. Following completion of the IPO, each Loan shall bear interest at the Prime Rate in effect from time to time, payable on the first Business Day of each month in arrears. In each case, said rate of interest shall increase or decrease by an amount equal to each increase or decrease in the Prime Rate effective on the effective date of each such change in the Prime Rate. Upon the occurrence of an Event of Default, each Loan shall bear interest at the rate of two percent (2.00%) per annum in excess of the interest rate otherwise payable thereon, which interest shall be payable on demand. All interest shall be calculated on the basis of a 360-day year.
Interest Fees and Charges. 5.1. The interest, fees and charges that apply to your Credit Card Account are set out in our Fees Page. You can also find details about additional services and their respective fees through our service channels