Periodic Finance Charges. The unpaid principal under the Note shall bear interest at a rate of twelve percent (12%) per annum simple interest. Upon the Company's failure to pay amounts due on the Maturity Date (as such term is defined in the Note), the interest rate on the Note shall increase to fifteen percent (15%) per annum, as set forth in the Note.
Periodic Finance Charges. Finance charges on the Client Account begin to accrue on the transaction date of each Card Transaction. There is no finance charge on Card Transactions for any billing period which has a zero previous balance.
Periodic Finance Charges. All principal and interest then outstanding shall bear interest as a rate of 9.0% per annum (based on a 360 day year), compounded quarterly and shall result in a corresponding increase in the principal amount of the Note. All past due principal and accrued interest on this Note shall bear interest from the Maturity Date (whether at scheduled maturity, upon acceleration of maturity following a Default (as defined below) or otherwise) until paid at the lesser of (i) the rate of 18% per annum or (ii) the highest rate for which Borrower may legally contract under applicable
Periodic Finance Charges. The Company agrees to pay to WaFd Periodic Finance Charges as described in this Section 5.1(b). Such finance charges will be included in the Company billing statement for the Billing Cycle in which they accrue. If the “New Balance” of an Account is not paid on the payment due date, a Periodic Finance Charge will begin to accrue on each Transaction in the Account from the date of the Transaction and will continue to accrue to the date of full payment. WaFd will figure the Periodic Finance Charges on each Account by applying a Monthly Periodic Rate to the Average Daily Balance for the Account, including current purchases, unpaid finance charges, and any other unpaid fees or charges. WaFd will calculate the Monthly Periodic Rate by dividing the Annual Percentage Rate (“APR”) by twelve (12). The APR is set forth in the “Applicable/Potential Fees” section of the Fee Schedule, under the heading “Finance Charge.” To get the Average Daily Balance, each day WaFd takes the beginning balance of an Account, adds any new purchases, and subtracts applicable credits and payments. This gives the daily balance. Then, WaFd adds all the daily balances for the Billing Cycle and divides the total by the number of days in the Billing Cycle. This gives the Average Daily Balance, including new purchases, unpaid finance charges, and any other unpaid fees or charges. If the Previous Balance of a current Billing Cycle is either a zero or a credit balance, then the Average Daily Balance will be considered to be zero.
Periodic Finance Charges. The unpaid principal under the Note shall bear interest at a rate of ten percent (10%) per annum simple interest.
Periodic Finance Charges. All principal and interest then outstanding shall bear interest at the floating rate of the 10 year treasury bxxx plus 3% per annum.
Periodic Finance Charges. 4.1. The Principal Amount under the Note shall bear interest at a rate of ten percent (10%) of the Principal Amount per annum payable ninety (90) days from the date hereof (the “Maturity Date”).
4.2. In addition to the interest payable under Section 4.1, CDA will pay to Investor an amount equal to ten percent (10%) of the Principal Amount of the Note on the Maturity Date (the “Maturity Payment”).
4.3. If any Principal Amount and any accrued interest thereon or the Maturity Payment remains unpaid following the Maturity Date or if there is an Event of Default (as hereinafter defined), the unpaid Principal Amount and accrued interest thereon and the unpaid Maturity Payment shall bear interest at a rate of eighteen percent (18%) per annum compounded daily from the Maturity Date or the date of the Event of Default, as applicable.
4.4. In the event that any interest rate provided for in this Agreement shall be determined to be unlawful, such interest rate shall be computed at the highest rate permitted by applicable law.
Periodic Finance Charges. Periodic Finance Charges are computed by multiplying the Average Daily Balance for each category of transactions shown on the billing statement (e.g., purchases, balance transfers, cash advances) by the applicable Daily Periodic Rate and then multiplying the result by the number of days in the billing cycle. To calculate the Daily Balances, we take the beginning balance for each category of transactions each day, add any new transactions, any previous day’s periodic Finance Charges, any assessed fees and charges, and subtract any payments and/or credits and we make any necessary adjustments. If a transaction posts after the beginning of a billing cycle, but the transaction occurred prior to the beginning of that billing cycle, the applicable Daily Balance and any related Finance Charge calculations may be adjusted retroactively to include the transaction amount as of the transaction date. Then, for each transaction category, we add the Daily Balances for the billing cycle together and divide the total by the number of days in the billing cycle. This is the Average Daily Balance for each transaction category. We may use mathematical formulas which produce equivalent results (including rounding or truncation) to calculate the Average Daily Balance, Finance Charge, and related amounts. For example, we may utilize computer programs or other computational methods that are designed to produce mathematically equivalent results while using fewer and/or simpler computational steps than are described in this Agreement. If the balance for any day is less than zero we treat it as zero.
Periodic Finance Charges. (1) Grace Period At least 20-days after the close of the previous billing cycle on new credit card purchases, provided you paid your previous balance in full.
Periodic Finance Charges. The Transferor hereby agrees that, ------------------------ except as otherwise required by any Requirement of Law applicable to the Transferor or as is deemed by the Originator to be necessary in order for the Originator to maintain its business on a competitive basis based on a good faith assessment by the Originator of the nature of its competition in its business, it shall not at any time reduce the APR of the Periodic Finance Charges assessed on the Receivables and/or any fees charged on any of the Accounts, if as a result of any such reduction, the Transferor's reasonable expectation of the Portfolio Yield as of such date would be less than the Base Rate of any Series.
