Bonus Interest definition

Bonus Interest means an amount calculated in accordance with this Product Schedule and the relevant Operation Materials or as otherwise notified to you from time to time.

Bonus Interest means any interest you earn in addition to prevailing interest when you satisfy a Sync Account requirement, subject to bonus interest rates as may be varied from time to time and determined by us.

Bonus Interest means the additional interest rate of 0.25% p.a. applicable for balances in the JustOne Savings Account as set out in paragraphs 5 to 8 below.

Examples of Bonus Interest in a sentence

• Bonus Interest: Bonus interest will be paid to certificate holders who apply the funds in the certificate toward a home financed with Mortgage Center.

• Bonus interest is only paid if you meet the Bonus Interest Rate Requirements stated in the rate sheet.

• Bonus Interest for each relevant interest payment period will be applied towards reducing the outstanding principal balance under the abovementioned Specified Mortgage Loan Account on the next Business Day following the day on which such interest is ordinarily due to be credited (in accordance with the Bank's standard procedure for crediting of interest to such accounts) and no part of the Bonus Interest may be re-drawn from such Specified Mortgage Loan Account.

• The Primary Customer and each Participant hereby irrevocably authorise and instruct the Bank without notice to or further authorization from the Primary Customer or any Participant or any other person, if the Primary Customer and the Participant(s) have selected the Normal Interest/Bonus Interest Offset Function referred to Clause 3.2(b), to apply or transfer or release any such normal interest or Bonus Interest in the manner set out in that clause.

• Any accrued Bonus Interest at the time of such termination, suspension or delinkage will be credited to the Principal Account on the next Business Day following the day on which interest is ordinarily due to be credited to such Principal Account (in accordance with the Bank's standard procedure for crediting of interest to such accounts).

More Definitions of Bonus Interest

Bonus Interest means the prevailing bonus interest which is payable on the Account pursuant to the Standard Terms.

Bonus Interest means additional interest payable by the Borrowers (as such term is defined in the HSL Loan Agreement) in an amount equal to$1,000,000 in the event that the sum of the Baseline Amount plus the Contingent Payments exceeds $100,000,000, plus an additional amount equal to$100,000 for every $10,000,000 the sum of the Baseline Amount plus the Contingent Payments exceeds $100,000,000, in each case in accordance with the terms of the HSL Loan Agreement.

Bonus Interest means an additional rate of interest you will earn each month in which you increase your Account balance by $200.00 or more • Bonus Interest is available on balances up to a maximum $250,000. To determine if you are eligible for Bonus Interest in a month, we will calculate the difference between the closing balance on the last business day of the previous month and the closing balance on the last business day of the current month. The closing balance at the end of the current month excludes Base Interest credited from the current month, Bonus Interest credited from the previous month and any withdrawal or transfer fees. • Bonus Interest is calculated on the daily account closing balance and paid monthly on the second business day of the following month. Bonus Interest is calculated from the first business day of the month, regardless of which day you may have qualified for Bonus Interest. • You will not qualify for Bonus Interest and will only earn Base Interest on your Account balance:

Bonus Interest shall have the meaning ascribed to it in section 4(c) herein;

Bonus Interest means additional interest payable by the Borrowers (as such term is defined in the HSL Loan Agreement) in an amount equal to $1,000,000 in the event that the sum of the Baseline Amount plus the Contingent Payments exceeds $100,000,000, plus an additional amount equal to $100,000 for every $10,000,000 the sum of the Baseline Amount plus the Contingent Payments exceeds $100,000,000, in each case in accordance with the terms of the HSL Loan Agreement.

Bonus Interest means the MortgageSaver Bonus Interest as explained in clause 2 of these terms and conditions.

Bonus Interest means the interest awarded to Specified Accounts designated by the Primary Customer in the Application Form in addition to the normal interest earned, at such rate or rates determined by the Bank from time to time;