Common use of To compute Billed Periodic Rate Finance Charges Clause in Contracts

To compute Billed Periodic Rate Finance Charges. (1) For each Balance Category, we multiply your Daily Balance (see below) by the applicable daily periodic rate for each day of the billing cycle; then (2) We add together all of the products calculated in (1) above.

To compute Billed Periodic Rate Finance Charges. (1) For each Balance Transaction Category, we multiply your Bank multiplies the Daily Balance (see below) by the applicable daily periodic rate for each day of the billing cycle; then (2) We add Bank adds together all of the products calculated in (1) above.