Calculating Interest Sample Clauses

Calculating Interest. Assume that you have a single interest rate of 15.99%, your ADB is $2,250 and there are 30 days in the billing period.
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Calculating Interest. 6.1 We calculate interest daily by multiplying the balance owing on your account by the daily percentage rate at the end of each day. The daily percentage rate is the annual percentage rate divided by 365. 6.2 If you don’t make a payment when due, you’ll also need to pay default interest on the overdue amount. Default interest is calculated by multiplying your overdue amount at the end of each day by the daily default interest rate. The daily default interest rate is the default interest rate divided by 365.
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Calculating Interest. Interest shall be calculated over the daily balance. It will be reflected at the end of the period, as a total, based on a three hundred and sixty (360) day calendar year. Interest will start accruing: a) On the date of the transaction with the Card; b) On the date of the cash withdrawal. Interest due and unpaid shall be capitalized at MMG’s option in which case they shall accrue interest at the annual percentage rate in place by MMG.
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Calculating Interest a) Consolidated payments i. Regular purchases: No interest is calculated on regular purchases billed the first time if the balance is paid in full by the due date shown on the account sta- tement. Otherwise, interest is calculated on the average daily balance from the date on which the transaction is posted to the account statement until receipt of full payment, if payment is not made within 21 days, at the annual interest rate indicated on the account statement. ii. Cash advances: Interest on cash advances is calculated on the average daily balance from the date the transaction is made until receipt of full payment, at the annual interest rate indicated on the account statement. b) Individual payments i. Regular purchases: No interest is calculated on regular purchases billed for the first time if the balance is paid in full by the due date shown on the account statement. Otherwise, interest is calculated on the average daily balance from the date on which the transaction is posted to the account statement until receipt of full payment, if payment is not made within 21 days, at the annual interest rate indicated on the account statement. However, if the balance shown on a subsequent statement is paid in full no later than the indicated due date, regular purchases not yet paid shall be exempt from interest for the period for which full payment is made. ii. Cash advances: Interest on cash advances is calculated on the average daily balance from the date the transaction is made until receipt of full payment, at the annual interest rate indicated on the account statement.
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Calculating Interest. Funds in your Savings Tab accrue interest at a variable rate of interest. Different Pockets in the Savings Tab may accrue interest at different rates. At our discretion, we may change the interest rate(s) on any Pocket at any time without notice or limit. We may also offer interest rate bonuses and other special promotions subject to terms and conditions. Current rates are set forth in Appendix A to this Agreement, ONE Account Rates and Fees. Current rates are also listed in the ONE App. We compound and credit interest to your Account on a monthly basis. We use the daily balance method to calculate that interest. The daily rate is 1/365 of the interest rate (in a leap year we may use 1/366). We apply the daily periodic rate to the collected balance in the applicable Pocket, which accrues interest each day. When you deposit into a Pocket that accrues interest, interest begins to accrue on the item on the Business Day the item posts to that Pocket. We pay interest in whole cents. If accrued interest does not equal a whole cent, it will be held until such time as it equals a whole cent and will be paid accordingly.
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Calculating Interest. Interest charges (including default interest charges) are calculated daily on the Unpaid Balance of your Heartland Farm Transition Loan. We calculate interest charges based on the Annual Interest Rate and on a 365-day year, even in a leap year. The interest charges accrue daily and are debited to your account at the end of each Monthly Cycle in which they accrue. For the purpose of calculating interest charges in a period, we do not include in that period the day interest charges are debited to your account. However, we do include that day as the first day of the next period for which we calculate interest charges.
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Calculating Interest. Interest for any period under this Agreement or the other Transaction Documents shall (1) include the first day of such period and exclude the last day of such period, and (2) be calculated on the basis of a 360-day year consisting of 12 months of 30 days; provided, that interest from the Closing Date until the first Repayment Date shall be paid on January 19, 2010.
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Calculating Interest. We calculate the interest charge by multiplying the “average daily balance” of your Account by the monthly periodic rate of interest.
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Related to Calculating Interest

  • Determination of Net Asset Value The net asset value per share of each class and each series of Shares of the Trust shall be determined in accordance with the 1940 Act and any related procedures adopted by the Trustees from time to time. Determinations made under and pursuant to this Section 2 in good faith and in accordance with the provisions of the 1940 Act shall be binding on all parties concerned.

  • Net Asset Value The net asset value of each outstanding Share of the Trust shall be determined at such time or times on such days as the Trustees may determine, in accordance with the 1940 Act. The method of determination of net asset value shall be determined by the Trustees and shall be as set forth in the Prospectus or as may otherwise be determined by the Trustees. The power and duty to make the net asset value calculations may be delegated by the Trustees and shall be as generally set forth in the Prospectus or as may otherwise be determined by the Trustees.

  • Determination of Net Asset Value, Net Income and Distributions Subject to applicable federal law including the 1940 Act and Section 3.6 hereof, the Trustees, in their sole discretion, may prescribe (and delegate to any officer of the Trust or any other Person or Persons the right and obligation to prescribe) such bases and time (including any methodology or plan) for determining the per Share or net asset value of the Shares of the Trust or any Series or Class or net income attributable to the Shares of the Trust or any Series or Class, or the declaration and payment of dividends and distributions on the Shares of the Trust or any Series or Class and the method of determining the Shareholders to whom dividends and distributions are payable, as they may deem necessary or desirable. Without limiting the generality of the foregoing, but subject to applicable federal law including the 1940 Act, any dividend or distribution may be paid in cash and/or securities or other property, and the composition of any such distribution shall be determined by the Trustees (or by any officer of the Trust or any other Person or Persons to whom such authority has been delegated by the Trustees) and may be different among Shareholders including differences among Shareholders of the same Series or Class.

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