Grace Period for Purchases definition

Grace Period for Purchases. You can avoid interest charges on new purchases when they are first billed on a monthly statement, as described below, but not on cash advances or balance transfers. If a monthly statement includes new purchases, and you make a payment that we receive by the due date for that statement, which is at least 25 days after the close of the billing cycle, we will not charge interest on any portion of the new purchases on that statement to which we allocate such payment, provided that your current statement also shows that we received payment of the New Balance for your prior month’s statement by the payment due date on that statement or that the New Balance for your prior month’s statement was zero. Foreign Transactions: Purchases and cash advances made in foreign countries and foreign currencies will be billed to you in U.S. dollars. The exchange rate for transactions in a foreign currency will be a rate selected by VISA from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate VISA itself receives, or the government mandated rate in effect for the applicable central processing date, in either case, plus 1% of the amount of the foreign currency purchase or cash advance after its conversion into U.S. dollars. The exchange rate in effect on the central processing date may differ from the rate in effect on either the transaction date or the posting date. The exchange rate is subject to change by VISA. These foreign transaction fees are finance charges. These fees will be added to your Account balance as a purchase.
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Grace Period for Purchases. You can avoid interest charges on new purchases when they are first billed on a monthly statement, as described below, but not on cash advances or balance transfers. If a monthly statement includes new purchases, and you make a payment that we receive by the due date for that statement, which is at least 25 days after the close of the billing cycle, we will not charge interest on any portion of the new purchases on that statement to which we allocate such payment, provided that your current statement also shows that we received payment of the New Balance for your prior month’s statement by the payment due date on that statement or that the New Balance for your prior month’s statement was zero. Foreign Transactions: Purchases and cash advances made in foreign countries and foreign currencies will be billed to you in U.S. dollars. The exchange rate for transactions in a foreign currency will be a rate selected by MasterCard from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate MasterCard itself receives, or the government mandated rate in effect for the applicable central processing date, in either case, plus 1% of the amount of the foreign currency purchase or cash advance after its conversion into U.S. dollars. The exchange rate in effect on the central processing date may differ from the rate in effect on either the transaction date or the posting date. The exchange rate is subject to change by MasterCard. These foreign transaction fees are finance charges. Annual Membership Fee: If your account has an annual fee, we will xxxx it to the account each year in the anniversary month that your account is opened whether or not you use your account, and you agree to pay it when billed. We will give you at least 30 days prior notice before we xxxx the annual fee. The annual fee is non-refundable unless you notify us that you wish to close your account within 30 days after we provide you the statement on which the annual fee is billed. Even though you pay the annual fee, we may close your account and or limit your right to make transactions on your account. Cash Advance and Balance Transfer Fees. We will charge you transaction fees for balance transfers and cash advances, and you agree to pay them when billed. These fees are finance charges.
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Grace Period for Purchases. If a Purchase is made using your Card during a billing period in which there was already any outstanding balance on the Account, there will be no grace period and INTEREST CHARGES on all Purchases will accrue from the date the Purchase is posted to your Account. If a Purchase is made during a period in which you had no outstanding balance on your Account, the grace period is not less than 25 days. In such cases, if your full New Balance is not paid in full on or before the payment due date, INTEREST CHARGES, at rates provided for in the disclosure of Pricing Information, will be assessed on your outstanding balance from the first day of the billing cycle following the cycle in which the transaction was made and on future Purchases from the date the Purchases are posted on your Account until the billing period in which we receive payment in full on all outstanding balances. We will not include any portion of a balance subject to a grace period that is repaid during the grace period in the calculation of the balance subject to INTEREST CHARGES. • Grace Period for Cash Advances (including other transactions defined above): On Cash Advances there is no grace period, and INTEREST CHARGES on Cash Advances are always assessed from the day of the Cash Advance transaction or the first day of the billing cycle in which it is posted to your account, whichever is later, until the day we receive payment in full of all outstanding Cash Advances. • Calculation of Monthly Periodic Rate: The Monthly Periodic Rates for Purchases and Cash Advances are based on ANNUAL PERCENTAGE RATES for Purchases and Cash Advances, respectively. The Monthly Periodic Rate for Purchases and Cash Advances for each billing period is 1/12th of the ANNUAL PERCENTAGE RATE for Purchases and 1/12th of the ANNUAL PERCENTAGE RATE for Cash Advances respectively in effect for that billing period, rounded to the nearest one hundredth of a percentage point.
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Examples of Grace Period for Purchases in a sentence

  • Grace Period for Purchases (including Balance Transfers): Your Payment Due Date is at least 23 days after the close of each billing cycle.

  • You have a 25 day Grace Period for Purchases (including any promotional Balance Transfers or Convenience Checks that will post as Purchases), provided you have paid your Previous Balance in full by the Payment Due Date shown on your monthly Account statement.

  • You have a minimum 21‑day interest‑free Grace Period for Purchases and fees.

  • The Rate is Cash Advance Fee None None None Classic Gold Platinum Annual Fee None None $25.00 Annually Balance Transfer Fee None None None Transaction Fee For Cash Advances None None None Minimum Interest Charge None None None Grace Period for Purchases You have 25 days on average to repay your balance on purchases before an interest charge will be imposed.

  • This rebalancing has already begun but must be continued over the long- term to ensure sustainability.

Related to Grace Period for Purchases

  • Alternate Adjusted Regular Purchase Share Limit means, with respect to a Regular Purchase made pursuant to Section 2(a) hereof, the maximum number of Purchase Shares which, taking into account the applicable per share Purchase Price therefor calculated in accordance with this Agreement, would enable the Company to deliver to the Investor, on the applicable Purchase Date for such Regular Purchase, a Regular Purchase Notice for a Purchase Amount equal to, or as closely approximating without exceeding, One Hundred Fifty Thousand Dollars ($150,000).

  • Allowable Grace Period shall have the meaning assigned to such term in Section 3(p).

  • Fully Adjusted Regular Purchase Share Limit means, with respect to any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction from and after the date of this Agreement, the Regular Purchase Share Limit (as defined in Section 2(a) hereof) in effect on the applicable date of determination, after giving effect to the full proportionate adjustment thereto made pursuant to Section 2(a) hereof for or in respect of such reorganization, recapitalization, non-cash dividend, stock split or other similar transaction.

  • Offering Period means a period with respect to which the right to purchase Common Stock may be granted under the Plan, as determined by the Committee pursuant to Section 5(a).

  • Grace Period means the specified period of time immediately following the premium due date during which a payment can be made to renew or continue a policy in force without loss of continuity benefits such as waiting periods and coverage of pre-existing diseases. Coverage is not available for the period for which no premium is received.

  • Being Considered for Purchase or Sale means, with respect to any security, that a recommendation to purchase or sell such security has been made and communicated or, with respect to the person making the recommendation, such person seriously considers making such recommendation.

  • Blackout Period has the meaning set forth in Section 2(d)(ii).

  • Maximum Offering Size has the meaning set forth in Section 2(d);

  • Amount Held for Future Distribution As to the Certificates on any Distribution Date, the aggregate amount held in each Collection Account at the close of business on the related Determination Date on account of (i) Principal Prepayments, Insurance Proceeds, Condemnation Proceeds and Liquidation Proceeds on the Mortgage Loans received after the end of the related Prepayment Period and (ii) all Scheduled Payments on the Mortgage Loans due after the end of the related Due Period.

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Offering Periods means the periods of approximately ---------------- twenty-four (24) months during which an option granted pursuant to the Plan may be exercised, commencing on the first Trading Day on or after May 1 and November 1 of each year and terminating on the last Trading Day in the periods ending twenty-four months later; provided, however, that the first Offering Period under the Plan shall commence with the first Trading Day on or after the date on which the Securities and Exchange Commission declares the Company's Registration Statement effective and ending on the last Trading Day on or before April 30, 2002. The duration and timing of Offering Periods may be changed pursuant to Section 4 of this Plan.

  • Maximum Program Amount means Common Shares with an aggregate Sales Price of the lesser of (a) the number or dollar amount of Common Shares registered under the effective Registration Statement (defined below) pursuant to which the offering is being made, (b) the number of authorized but unissued Common Shares (less Common Shares issuable upon exercise, conversion or exchange of any outstanding securities of the Company or otherwise reserved from the Company’s authorized capital stock), (c) the number or dollar amount of Common Shares permitted to be sold under Form S-3 (including General Instruction I.B.6 thereof, if applicable), or (d) the number or dollar amount of Common Shares for which the Company has filed a Prospectus (defined below).

  • Regular primary election means the election on the fourth Tuesday of June of

  • Maximum Daily Quantity means the daily volume of Gas or Liquids, expressed in 103m3, identified in a Shipper's Interruptible Transportation Service Agreement that Transporter agrees to receive from Shipper under Toll Schedule Interruptible Full Path Service, Toll Schedule Interruptible Receipt Service or Toll Schedule Interruptible Delivery Service, as applicable.

  • Maximum Daily Starts means the maximum number of times that a generating unit can be started in an Operating Day under normal operating conditions.

  • Registration Period shall have the meaning assigned to such term in Section 3(a).

  • Amounts Held for Future Distribution As to any Remittance Date, amounts on account of (i) all Unscheduled Principal Receipts received after the last day of the Applicable Unscheduled Principal Receipt Period ending in the month of such Remittance Date and all related payments of interest on such principal prepayments and amounts received from the Servicer or a Representing Party in the month of such Remittance Date as the Purchase Price for any repurchased Mortgage Loan and (ii) payments which represent early receipt of scheduled payments of principal and interest due on a date or dates subsequent to the related Due Date.

  • Draw Down Pricing Period means, with respect to each Draw Down, a period of eight (8) consecutive Trading Days beginning on the first Trading Day specified in a Draw Down Notice.

  • Regular Purchase Notice means, with respect to any Regular Purchase pursuant to Section 2(a) hereof, an irrevocable written notice from the Company to the Investor directing the Investor to buy such applicable amount of Purchase Shares at the applicable Purchase Price as specified by the Company therein on the Purchase Date.

  • Minimum Purchase Amount means an amount that would be sufficient to (i) reduce the Outstanding Amount of each class of Notes on such Distribution Date to zero and (ii) pay to the respective Noteholders the Class A Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Interest Distribution Amount payable on such Distribution Date.

  • Programme Maximum Number of ETP Securities means 1,000,000,000.

  • Maximum Weekly Starts means the maximum number of times that a generating unit can be started in one week, defined as the 168 hour period starting Monday 0001 hour, under normal operating conditions.

  • Grace Period Business Day means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the place or places and on the days specified for that purpose in the relevant Obligation and if a place or places are not so specified, in the jurisdiction of the Obligation Currency.

  • Second Liquidation Target Amount has the meaning assigned to such term in Section 6.1(c)(i)(E).

  • Ineligible Securities means securities which may not be underwritten or dealt in by member banks of the Federal Reserve System under Section 16 of the Banking Act of 1933 (12 U.S.C. Section 24, Seventh), as amended.

  • Minimum Hire Period means the Minimum Hire Period as described on the invoices, quotation, authority to hire, or any other forms as provided by the Supplier to the Client.