Daily Charge definition
Daily Charge means any of the User's Daily General Charge and, in respect of Passenger Operators, the Daily Long Term Charge, as the context requires;
Daily Charge is the product of the Daily Rate (as defined below) multiplied by the Average Daily Balance (as defined below). The "Daily Rate" is the quotient of the annual rate shown on the Statement of Transaction divided by 360, or the monthly rate shown on the Statement of Transaction divided by 30. The "Average Daily Balance" is the quotient of (i) the sum of the outstanding principal debt owed DFS on each day of a billing period for each item of Collateral identified on a Statement of Transaction, divided by (ii) the actual number of days in such billing period. Dealer will also pay DFS $100 for each check returned unpaid for insufficient funds (an "NSF check") (such $100 payment repays DFS' estimated administrative costs; it does not waive the default caused by the NSF check). The annual percentage rate of the finance charges relating to any item of Collateral financed by DFS will be calculated from the invoice date of such Collateral, regardless of any period during which any finance charge subsidy shall be paid or payable by any third party. Dealer acknowledges that DFS intends to strictly conform to the applicable usury laws governing this Agreement. Regardless of any provision contained herein or in any other document executed or delivered in connection herewith or therewith, DFS shall never be deemed to have contracted for, charged or be entitled to receive, collect or apply as interest on this Agreement (whether termed interest herein or deemed to be interest by judicial determination or operation of law), any amount in excess of the maximum amount allowed by applicable law, and, if DFS ever receives, collects or applies as interest any such excess, such amount which would be excessive interest will be applied first to the reduction of the unpaid principal balances of advances under this Agreement, and, second, any remaining excess will be paid to Dealer. In determining whether or not the interest paid or payable under any specific contingency exceeds the highest lawful rate, Dealer and DFS shall, to the maximum extent permitted under applicable law: (A) characterize any non-principal payment (other than payments which are expressly designated as interest payments hereunder) as an expense or fee rather than as interest; (B) exclude voluntary pre-payments and the effect thereof; and (C) spread the total amount of interest throughout the entire term of this Agreement so that the interest rate is uniform throughout such term.
Daily Charge means the charge imposed by the Council for parking in a Parking Place on any one day and for a specified period of time as is identified in the scale of charges specified by notice in the Parking Place; and listed in Schedule 4.
Examples of Daily Charge in a sentence
A Daily Charge shall not apply to the extent that an overdraft is solely due to Custodian error.
The Daily Charge and Late Charge shall be secured by the Documents.
The imposition of the Daily Charge, Late Charge, and/or requirement that interest be paid at the Default Rate (defined below) shall not be construed in any way to (i) excuse Borrower from its obligation to make each payment under this Note promptly when due or (ii) preclude Lender from exercising any rights or remedies available under the Documents upon an Event of Default.
The "Daily Charge" is the product of the Daily Rate (as defined below) multiplied by the Average Daily Balance (as defined below).
A charge, equal to the amount specified in SECTION VIII, GENERAL PROVISIONS, Daily Charge subsection, may be assessed for late remittances.
More Definitions of Daily Charge
Daily Charge means the charge imposed by the Council for parking in a Parking Place on any one day and for a specified period of time as is identified in the scale of charges specified in the schedules to this Order and by notice on site;
Daily Charge shall have the meaning set forth in Section 3.5.
Daily Charge means the charge imposed by the Council for parking in a parking place on any one day and for a specified period of time as is identified in the scale of charges specified in the schedules
Daily Charge means the charge imposed by the Council for parking in a parking place on any one day and for a specified period of time as is identified in the scale of charges specified at each pay and display ticket machine in accordance with schedules 2(A), 2(C), 4(E) and 4(F);
Daily Charge is defined in Section 4.3.3.
Daily Charge refers to the charge payable under the Charging Schemes for operating a vehicle that is not compliant with applicable ULEZ or LEZ emissions standards at the time. Low Emission Zone (“LEZ”) and the Ultra Low Emission Zone (“ULEZ”) and their areas are more particularly defined in the Greater London Low Emission Zones Charging Scheme (“the Charging Scheme”)1, under which:
Daily Charge shall have the meaning attributed to such term in Section 1.04(a) hereof.