Interest Rate Information Sample Clauses

Interest Rate Information. The interest rate and APY may change monthly, as determined by the credit union’s ALCO. Please refer to the Deposit Rate S ch e d ul e fo r sp e ci f i c information on the qualifying criteria required in order to earn the tiered premium APY.
Sample 1See All (4)
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Interest Rate Information. Your Account is an interest-bearing business checking Account. There is presently no minimum balance required to obtain the interest rate or Annual Percentage Yield (APY) disclosed to you. However, no interest is earned on Account balances over $500,000 (the “Cap”). At the Bank's discretion, interest may be earned in the future on balances in the Account based upon a tiered rate schedule where different rates may apply according to the balances maintained in the Account. We will provide you notice of any such change.
Sample 1
Interest Rate Information. If applicable, interest is calculated daily and based upon your daily motusbank Chequing Account balance and the corresponding tier as set out on our Website. We reserve the right to modify the Chequing Account interest rate tiers at our complete discretion with appropriate notice to the Chequing Account holder. The applicable interest rate is applied to the entire daily balance held in the Chequing Account. Interest is accrued daily and paid month-end.
Sample 1
Interest Rate Information. Interest paid on Cash Balances will be calculated using the interest rates, calculation methodology and compounding frequency set by Cowen, which are subject to change from time-to-time by Cowen without prior notice.
Sample 1
Interest Rate Information. Please refer to our Deposit Rate Summary. You will be paid the disclosed rate until first maturity. Interest Calculation We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the balance in the account each day, including unpaid, accrued interest. Interest is compounded daily starting on the business day when the account is opened. You have the option of interest being redeposited to your CD; or credited directly to another Montecito Bank & Trust checking, money market, or savings account; or paid to you by check which we mail to you on your payment date. Interest is computed on a 365-day basis for the actual number of days your money is on deposit. Interest may be computed using a 366-day basis for leap year. If you elect to have your interest credited to a Montecito Bank & Trust checking, money market, or savings account, and that account is closed, future interest credits will be redeposited to the CD. We offer the option of having your interest credited to your CD weekly, bi-weekly, monthly, quarterly, semi-annually, or annually on the anniversary of the account opening date. For terms less than one
Sample 1
Interest Rate Information. The following interest rates and annual percentage yields (APY) are accurate as of December 14, 2022. Rates are subject to change at any time at our discretion. We may change balance requirements or fees at any time with proper notice to you. For current rate information call 000-000-0000.
Sample 1
Interest Rate Information. The tiered interest rate and APY may change monthly, as determined by the credit union’s ALCO. Please refer to th e De p o si t Ra te S ch e d ul e fo r specific information on the qualifying criteria required in order to earn the tiered premium APY.
Sample 1
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Related to Interest Rate Information

  • Interest Rate Not Ascertainable If Agent shall determine that on any date for determining LIBOR, due to any circumstance affecting the London interbank market, adequate and fair means do not exist for ascertaining such rate on the basis provided herein, then Agent shall immediately notify Borrowers of such determination. Until Agent notifies Borrowers that such circumstance no longer exists, the obligation of Lenders to make LIBOR Loans shall be suspended, and no further Loans may be converted into or continued as LIBOR Loans.

  • INTEREST RATE NOT ASCERTAINABLE, ETC If, on or prior to the date for determining the Adjusted Eurodollar Rate in respect of the Interest Period for any Eurodollar Rate Advance, any Bank determines (which determination shall be conclusive and binding, absent error) that:

  • Interest Rates (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the Base Rate for such day. Such interest shall be payable for each Interest Period on the last day thereof. Any overdue principal of or interest on any Base Rate Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.

  • Applicable Interest Rates (a) U.S.

  • Interest Rate Computations All interest hereunder shall be computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), except that interest computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate, Adjusted LIBO Rate or LIBO Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error, and be binding upon the parties hereto.

  • Interest Rate Protection No later than the 90th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Hedging Agreements acceptable to the Administrative Agent that result in at least 50% of the aggregate principal amount of its funded long-term Indebtedness being effectively subject to a fixed or maximum interest rate acceptable to the Administrative Agent.

  • Interest Rates; LIBOR Notification The interest rate on Eurodollar Loans is determined by reference to the LIBO Rate, which is derived from the London interbank offered rate. The London interbank offered rate is intended to represent the rate at which contributing banks may obtain short-term borrowings from each other in the London interbank market. In July 2017, the U.K. Financial Conduct Authority announced that, after the end of 2021, it would no longer persuade or compel contributing banks to make rate submissions to the ICE Benchmark Administration (together with any successor to the ICE Benchmark Administrator, the “IBA”) for purposes of the IBA setting the London interbank offered rate. As a result, it is possible that commencing in 2022, the London interbank offered rate may no longer be available or may no longer be deemed an appropriate reference rate upon which to determine the interest rate on Eurodollar Loans. In light of this eventuality, public and private sector industry initiatives are currently underway to identify new or alternative reference rates to be used in place of the London interbank offered rate. In the event that the London interbank offered rate is no longer available or in certain other circumstances as set forth in Section 2.14(c) of this Agreement, such Section 2.14(c) provides a mechanism for determining an alternative rate of interest. The Administrative Agent will notify the Borrower, pursuant to Section 2.14, in advance of any change to the reference rate upon which the interest rate on Eurodollar Loans is based. However, the Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to the London interbank offered rate or other rates in the definition of “LIBO Rate” or with respect to any alternative or successor rate thereto, or replacement rate thereof, including without limitation, whether the composition or characteristics of any such alternative, successor or replacement reference rate, as it may or may not be adjusted pursuant to Section 2.14(c), will be similar to, or produce the same value or economic equivalence of, the LIBO Rate or have the same volume or liquidity as did the London interbank offered rate prior to its discontinuance or unavailability.

  • Interest Rate Determination and Protection (a) The Eurodollar Rate for each Interest Period for Eurodollar Rate Loans shall be determined by the Administrative Agent two (2) Business Days before the first day of such Interest Period.

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