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. 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. 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 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. Periodic Rate Finance Charges accrue and are compounded on a monthly basis. To determine the Periodic Rate Finance Charge for each category, we multiply the Balance Subject to Finance Charge by its applicable Daily Periodic Rate and that result by the number of days in the xxxxxxxx cycle. To determine the total Periodic Rate Finance Charge for the billing cycle, we add the Periodic Rate Finance Charges for each category together. Each Daily Periodic Rate is calculated by dividing its corresponding Annual Percentage Rate by 365. Cash Advances (including balance transfer and credit card checks). Periodic Finance Charges begin to accrue on the date of the transaction and continue to accrue until payment in full is credited to the Account. There is no Grace Period on cash advances. Periodic Finance Charges will be calculated using the Daily Periodic Rate in effect on the statement closing date. Any fee Finance Charge may cause the APR on the billing statement on which the fee Finance Charge first appears to exceed the nominal APR.
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”).
Periodic Finance Charges. Except (x) as otherwise required by any Requirements of Law or (y) as is deemed by WCS to be necessary in order for it to maintain its credit card business or a program operated by such credit card business on a competitive basis based on a good faith assessment by it of the nature of the competition with respect to the credit card business or such program, WCS shall not at any time reduce the annual percentage rate of the Periodic Finance Charges assessed on the Receivables or other fees charged on any of the Accounts if, as a result of any such reduction, either (A) WCS’s reasonable expectation is that such reduction will cause an Early Amortization Event to occur or (B) such reduction is not also applied to any comparable segment of the consumer revolving credit card accounts owned by WCS which have characteristics the same as, or substantially similar to, such Accounts.
Periodic Finance Charges. Except (i) as otherwise required by any Requirements of Law or (ii) as is deemed by BANA to be necessary in order for it to maintain its consumer credit card business or a program operated by such consumer credit card business on a competitive basis based on a good faith assessment by it of the nature of the competition in the consumer credit card business or such program, BANA shall not at any time reduce the annual percentage rate of the Periodic Finance Charges assessed on the Receivables or other fees charged on any of the Accounts if, such reduction is not also applied to any comparable segment of accounts owned by BANA which have characteristics the same as, or substantially similar to, such Accounts that are subject to such change, except as otherwise restricted by an endorsement, sponsorship, or other agreement between BANA and an unrelated third party or by the terms of the Credit Card Agreements.
