We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Penalty APR Sample Clauses

Penalty APR. We currently do not assess a penalty APR.
AutoNDA by SimpleDocs
Penalty APR. The Penalty APR may be applied to your account if you:
Penalty APR. If Company's account is delinquent twice in any 6-month period, or the account closes and maintains a balance, the APR on the account will increase to 18.00% APR. This corresponds to a monthly periodic rate of 1.500%. In order for the account to return to its previous APR, the account must remain current for 6-months, and bank must receive a favorable credit bureau review, and updated credit application. No FINANCE CHARGES will be incurred if the total of such purchases is paid in full by the Date Payment Due appearing on the current statement. If not so paid, FINANCE 1.240 per month (14.88% ANNUAL PERCENTAGE RATE). The variable rate is adjusted monthly and is determined by a margin of 6.88% above the Wall Street Journal prime rate pub- lished on the last business day of each month. $1.00 per billing cycle in which a Finance Charge of less than $1.00 (for purchases) would otherwise be im- posed. Finance Charges will be incurred on the Average Daily Balance of Cash Advances at a fixed rate of 1.500% per month(18.00% ANNUAL PERCENTAGE RATE), from the date of the advance until the account is paid in full. Finance Charges,which accrue after the Statement Date, will appear on the following statement. AVERAGE DAILY BALANC- ES: Average Daily Balances are calculated separately by dividing the total of the outstanding daily balance of cash advances, by the number of days in the statement period.
Penalty APR. We can impose the Penalty APR disclosed in the Truth in Lending Disclosure, which is higher than the rate you would otherwise pay, each time a Minimum Payment is not received by its applicable Payment Due Date, or you make a payment that is returned unpaid. An increased Penalty APR will remain in effect until the first day of the Billing Cycle after you pay the Minimum Payment on or before the Payment Due Date for three consecutive Billing Cycles.
Penalty APR. Should your account become sixty (60) days delinquent we will increase your rate to a Penalty Rate for six (6) months. If you maintain your account in good standing for the penalty period, we will automatically lower your Interest Rate APR to the current rate. The Penalty Interest Rate APR is a variable rate is the Prime Rate plus 12.9% but will not go below 18.9% nor will it exceed 23.9%.
Penalty APR. Before we apply the Penalty APR on any type of transaction or balance, we will provide you with any notice required by law in advance that informs you which future transactions and/or outstanding balances are subject to the Penalty APR and when the APRs will increase. lf we do not increase your APRs to the Penalty APR when any of the events triggering the Penalty APR occur, we reserve our right to increase your APRs to the Penalty State if any of these events occur in the future. if your APRs are increased on any type of transaction due to the triggering of the Penalty APR, the Penalty APR will be applicable indefinitely to future transactions of that type that occur more
Penalty APR. If you do not make your minimum payment by the due date and your account is over 60 days past due or you make a payment that is returned and causes your account to be over 60 days past due, your account will be subject to the Penalty APR. The Penalty APR will be applied to any and all transactions and outstanding balances on your account, including those with Promotional APRs. The Penalty APR will be effective at least 45 days after your account becomes subject to it.
AutoNDA by SimpleDocs
Penalty APR. The Daily Periodic Rate and Annual Percentage Rate may increase if your minimum payment has not been received within 60 days after the due date for such payment, in which case we may increase the Annual Percentage Rate for your entire balance to 19.90% (“Penalty APR”). We will send you advance written notice that your Annual Percentage Rate will be increasing. Following implementation of the Penalty APR, if you make your payments on time for six (6) consecutive months, the Penalty APR will terminate and the prevailing variable Annual Percentage Rate will apply.

Related to Penalty APR

  • Penalty Employees who violate any provision of this law prohibiting strikes or of this Article will be subject to disciplinary action up to and including discharge, and any such disciplinary action by the state shall not be subject to the grievance procedure established herein.

  • Civil Penalty Payment Pursuant to Health and Safety Code § 25249.7(b)(2), and in settlement of all claims alleged in the Notice or referred to in this Settlement Agreement, ZB agrees to pay two thousand ($2,000.00) in civil penalties. The penalty payment will be allocated in accordance with California Health and Safety Code §§ 25249.12(c)(1) & (d), with 75% of the penalty amount paid to the California Office of Environmental Health Hazard Assessment (“OEHHA”) and the remaining 25% of the penalty amount retained by EHA. Shall issue two separate checks for the initial civil penalty payment to (a) “OEHHA” and (b) Environmental Health Advocates, Inc. as follows: • One payment of $1,500.00 to OEHHA, due 14 (fourteen) days after the Effective Date. • One payment of $500.00 to EHA, due 14 (fourteen) days after the Effective Date. All payments owed to OEHHA (EIN: 00-0000000), pursuant to this Section shall be delivered directly to OEHHA (Memo Line "Prop 65 Penalties") at the following addresses: For United States Postal Service Delivery: P.O. Box 4010 Sacramento, CA 95812-4010 All penalty payments owed to EHA shall be sent to: Xxxxx Xxxxxx Environmental Health Advocates 000 Xxxxxxxx, Xxxxx 0000 Xxx Xxxxx, XX 00000

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!