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Interest Paid Sample Clauses

Interest Paid. If we become obligated under Article 4A to pay interest to you, you agree that the rate of interest to be paid shall be equal to the dividend rate, on a daily basis, applicable to the account at the Credit Union to which the funds transfer should have been made or from which the funds transfer was made.
Interest Paid. If your Account meets the eligibility criteria, if any, established by SoFi Securities to earn interest, you will earn interest on your Free Credit Balances placed into the SoFi Money Sweep Program at the applicable rate(s) set forth on the SoFi Money Rate Sheet. Free Credit Balances placed into the SoFi Money Sweep Program which are eligible to earn interest will begin accruing interest on the calendar day such funds are “posted” to your Account, which will be no later than the second Business Day after the deposit is made (and in some cases earlier depending on the timing and type of deposit made). For more information on the posting times for various deposit types, see the SoFi Money Funds Availability Policy. The current interest rate(s) offered for eligible SoFi Money Accounts are available on the SoFi Money Rate Sheet and will be posted to your Account. Free Credit Balances in the SoFi Money Sweep Program will accrue interest daily based on your end‐of‐day balance in the SoFi Money Sweep Program. Interest earned is compounded monthly. Accrued interest will be paid by the relevant Program Banks monthly, and SoFi Securities will credit your Account with your accrued interest as applicable on or before the fifth (5th) Business Day of the following calendar month. Interest rates under the SoFi Money Sweep Program are variable rates, which will be established from time to time by SoFi Securities, in its sole discretion. Such interest rates are subject to change at any time without prior notice to you, and interest rate(s) may change automatically based on changes in your Account activity as described in the SoFi Money Rate Sheet. Interest rate changes and any fees charged will change the annual percentage yield(s) earned on your Free Credit Balances placed in the SoFi Money Sweep Program. Interest rate changes will be posted on SoFi Money Rate Sheet and to your Account. They will also be visible on the SoFi Money home page within the web and mobile application. Your continued use of your SoFi Money Account after we post changes to the interest rate(s), shall constitute your consent to any such changes. The interest rates(s) under the SoFi Money Sweep Program may be lower than the interest rate(s) which may available from banks or other financial institutions. In no event can the interest rates(s) paid to you under the SoFi Money Sweep Program (or any promotional or other offered rate paid under the SoFi Money Sweep Program), exceed the rate of interest pa...

Related to Interest Paid

  • Interest Payments Unless otherwise specified on the face hereof, the Interest Payment Dates will be, in the case of a Floating Rate Note which resets: (1) daily, weekly or monthly—the fifteenth day of each calendar month or on the fifteenth day of March, June, September and December of each year, as specified on the face hereof; (2) quarterly—the fifteenth day of March, June, September and December of each year; (3) semi-annually—the fifteenth day of the two months of each year specified on the face hereof; and (4) annually—the fifteenth day of the month of each year as specified on the face hereof. In addition, the Maturity Date will also be an Interest Payment Date. If any Interest Payment Date other than the Maturity Date for this Floating Rate Note would otherwise be a day that is not a Business Day, such Interest Payment Date will be postponed to the next succeeding Business Day, except that in the case of a Floating Rate Note as to which LIBOR is an applicable Interest Rate Basis and that Business Day falls in the next succeeding calendar month, the particular Interest Payment Date will be the immediately preceding Business Day. If the Maturity Date of a Floating Rate Note falls on a day that is not a Business Day, the Trust will make the required payment of principal, premium, if any, and interest or other amounts on the next succeeding Business Day, and no additional interest will accrue in respect of the payment made on that next succeeding Business Day.

  • Interest Payment Dates Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and on the Termination Date; provided that (i) interest accrued pursuant to Section 3.02(c) shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than an optional prepayment of an ABR Loan prior to the Termination Date), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment, and (iii) in the event of any conversion of any Eurodollar Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion.

  • Rest Pauses Every employee shall be entitled to a rest pause of not less than 15 minutes' duration within each period of 4 ordinary hours of work at a time to be agreed between the employer and the employee. Notwithstanding the above, at the discretion of the employer and having regard to the employee's health and welfare as well as taking into account peak periods of work load, the period of the 2 rest pauses may be combined into one 30 minutes rest pause, to be taken in the first part of the day.