Automatic Balance Conversion definition

Automatic Balance Conversion means an auto balance conversion for eligible Cardmember by converting the outstanding balances in respect of a Card into a term loan.
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Automatic Balance Conversion means an Auto Balance Conversion for eligibleCardholder by converting the outstanding balances in respect of a Card into a term financing.“Automatic Balance Conversion Amount”means the eligible Cardholder(s) Outstanding Balances.“Automatic Balance Monthly Instalment”means the fixed monthly instalment which inclusive of principal portion and profit portion of the monthly instalment payment of Auto Balance Conversion.“Automatic Balance Conversion Tenure”means 36 months from Auto Balance Conversion date.“Card”means any VISA Card or MasterCard Card issued by RHB Islamic Bank to a Cardholder and shall unless otherwise provided include a supplementary card (if any) and shall where the context so permits include any or more of such cards.“Cardholder”means a person who has applied for and is issued with a Card bearing his name and shall unless otherwise provided include a supplementary cardholder (if any) and shall where the context so permits include any one or more of such persons.“Fixed Management Fee”means the maximum management fee that may be charged by RHB Islamic Bank to the Cardholder in relation to the services provided by RHB Islamic Bank in respect of the Card and such maximum management fee is determined by RHB Islamic Bank and notified to the Cardholder from time to time“Management Fee”means the management fee charged to the Cardholder in relation to the Card transaction“Outstanding Balances”means the balances appearing in the Cardholder’s statement of account or monthly statement, (excluding instalment amounts payable under other instalment plans, such as RHB Islamic SmartInstalment Plan, CashXcess and all other instalment plans available from time to time, if any), past due amount(s) and other charges. For the avoidance of any doubt, any retail spend, overseas spend, online transactions, auto-billing or recurrent transactions and cash transactions on the Cardholder’s Card(s) are included. ELIGIBILITY
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Examples of Automatic Balance Conversion in a sentence

  • Automatic Balance Conversion Program (ABC) is a program that allows Bank Rakyat to automatically converts the Cardholder's principal outstanding balance (retails AND cash withdrawal) into 36 months monthly instalments with a profit rate of 13% per annum or 1.08% per month.

Related to Automatic Balance Conversion

  • Automatic Conversion Date shall have the meaning specified in Section 15.12(a).

  • Automatic Conversion means the irrevocable and automatic release of all of the Issuer’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Issuer’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the holders of the Securities) or to the relevant recipient, in accordance with the terms of the Securities.

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding and (b) all liquidated damages and other amounts due in respect of the Preferred Stock.

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • Adjusted Conversion Price means the lesser of the Fixed Conversion Price or the Floating Conversion Price one day prior to the record date set for the determination of stockholders entitled to receive dividends, distributions, rights or warrants as provided for in Sections 4(c)(ii), (iii) and (iv).

  • Fixed Conversion Price shall have the meaning set forth in Section 4(b).

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 90% of the lesser of (i) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if such delivery is after the Interest Payment Date.

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • Applicable Conversion Rate means the Conversion Rate in effect at any given time.

  • Automatic Early Redemption Date means each Automatic Early Redemption Date specified in the relevant Final Terms.

  • Series A Conversion Rate means, as adjusted pursuant to Section 5.8(b)(vi)(E), the number of Common Units issuable upon the conversion of each Series A Preferred Unit, which shall be the quotient of (a) the sum of (i) the Series A Issue Price, plus (ii) any Series A Unpaid Distributions on the applicable Series A Preferred Unit, plus (iii) only for purposes of the definition of “Series A COC Conversion Rate,” any Series A Partial Period Distributions on the applicable Series A Preferred Unit, divided by (b) the Series A Issue Price.

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Automatic Early Redemption Amount means the Automatic Early Redemption Amount specified in the relevant Final Terms.

  • Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as ninety five percent (95%) of the lowest Volume Weighted Average Price of the Common Stock during the fifteen (15) consecutive Trading Days immediately preceding the applicable Installment Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.

  • Base Conversion Price shall have the meaning set forth in Section 5(b).

  • Applicable Conversion Price means the Conversion Price in effect at any given time.

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Change of Control Conversion Date shall have the meaning provided in the Articles Supplementary.

  • Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.

  • Date of Conversion Conversion Price:_______________________________________________________________

  • Fixed Conversion Rates means the Maximum Conversion Rate and the Minimum Conversion Rate.

  • Daily Conversion Value means, for each of the 40 consecutive Trading Days during the relevant Observation Period, 2.5% of the product of (a) the Conversion Rate on such Trading Day and (b) the Daily VWAP on such Trading Day.

  • Automatic Exercise Date means, with respect to an Option or a Stock Appreciation Right, the last business day of the applicable Option Term or Stock Appreciation Right Term that was initially established by the Administrator for such Option or Stock Appreciation Right (e.g., the last business day prior to the tenth anniversary of the date of grant of such Option or Stock Appreciation Right if the Option or Stock Appreciation Right initially had a ten-year Option Term or Stock Appreciation Right Term, as applicable).