Credit Interest definition

Credit Interest means the amount of interest that We will pay You;

Credit Interest means interest We pay You or interest You pay Us on credit balances in Your

Credit Interest means interest You receive on cleared funds in Your Account;

Examples of Credit Interest in a sentence

• This type of account may not retain excess cash balances in Credit Interest (CIP).

• Any changes in the Regular Line of Credit Interest Rate resulting from a change in the Prime Rate shall take effect without notice at the time the Prime Rate is set.

• For corporate Clients with net sales revenues of not more than HUF 100 million a year, interest rates continue to be fixed on an individual basis for all new credits requested as well as for all existing credit contracts amended as from the 7th day of June, 2010; however, Raiffeisen Corporate Reference Credit Interest Rate is not used any more in calculating interest rates.

• At the end of any Line of Credit Applicable Interest Period, the interest rate will revert to the Regular Line of Credit Interest Rate, unless Borrower has designated another Optional Line of Credit Interest Rate for that Line of Credit LIBO Rate Portion.

• Whilst an Account has a credit balance the Bank will pay Credit Interest on the balance, in accordance with the Account Specific Terms (see section 2.1) applicable for the type of Account.

• For your Line of Credit Interest Rate, you will be charged MCAP Prime Rate and any applicable premium (or discount) to the MCAP Prime Rate as set out in the Loan Agreement.

• For each day during a monthly period for which the unpaid balance remains unchanged, interest is then calculated by multiplying the unpaid balance by the Line of Credit Interest Rate compounded monthly, dividing by 365, and multiplying by the number of days in the applicable period.

• Thereafter, the Line of Credit Interest Rate will change each time the MCAP Prime Rate changes, with no prior notice to you.

• You promise to pay interest at the Line of Credit Interest Rate in effect at the time and as calculated above, on the Line of Credit Balance until paid in full.

• Upon the request of any Lender from time to time, the Issuing Lenders shall deliver any other information reasonably requested by such Lender with respect to each Letter of Credit then outstanding in which such Lender holds a Letter of Credit Interest.

More Definitions of Credit Interest

Credit Interest has the meaning set forth in the Long-Term Oil Supply Agreement.

Credit Interest means any accrued but unpaid interest and Commitment Fees (as defined in the Company Debt) relating to the Company Debt at the time immediately prior to Closing.

Credit Interest means the interest on Participant Contributions made from the appropriate Group Annuity Contract at a rate of four percent (4%) per annum (or at such other rate as may be established from time to time by the Employer) compounded annually from January 1, next succeeding the date when such Participant Contributions are made to the first day of the calendar month which coincides with, or next precedes, the date of the Participant's death prior to retirement, termination of employment or his/her actual retirement date, whichever is applicable. The Credited Interest applicable to Participant Contributions made under the Prior Group Annuity Contracts shall be determined and payable in accordance with the provisions of the Prior Group Annuity Contracts.

Credit Interest means the rate of interest accruing to credit balances in the Account.

Credit Interest means, with respect to any Quarter, the amount of interest calculated for such Quarter (other than any period during which processing at the Refinery is curtailed resulting in an extension of the Guarantee Period under Article 16.5) at LIBOR plus one percent on the sum (if greater than zero) of (i) the aggregate of all credits calculated pursuant to Article 17(a) for all prior Quarters, plus (ii) the aggregate amount of Credit Interest for all prior Quarters, minus (iii) the aggregate of all premiums calculated pursuant to Article 18(a) for all prior Quarters.