Common use of Loss of Introductory APR Clause in Contracts

Loss of Introductory APR. If the account is closed for any reason (including closure based on default of another GECU account), any introductory APR (the “Introductory APR”) then in effect is forfeited and the APR that will be applied to the outstanding balance will be the Standard Rate.

Appears in 15 contracts

Samples: Credit Card Agreement, Credit Card Agreement, Credit Card Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.