Loan Charge definition

Loan Charge. This is the difference between the loan interest rate and the rate we credit to borrowed funds and will be a maximum of 2.00% of the policy debt deducted annually. ------------------------------------------------------------------------------------------------------------------------------- Charges Deduced Asset Charge: from Divisions in - daily charge of .002477% (equivalent to .90% annually in advance). the Separate Account Trust Charge: - Daily charge of .00933% (equivalent to .34% annually in advance). We reserve the right to increase the Trust Charge but in no event above .001373% (equivalent to .50% annually in advance). ------------------------------------------------------------------------------------------------------------------------------- Rider Charges None Deducted from the Investment Base ------------------------------------------------------------------------------------------------------------------------------- Other Rider Charges None ------------------------------------------------------------------------------------------------------------------------------- - 7 - 8 ------------------------------------------------------------------------------------------------------------------------------- Deferred Policy The amount of Deferred Policy Loading applicable during a policy year is deducted from Loading this policy's investment base in calculating its cash surrender value. Initial Premium The maximum amount of the Deferred Policy Loading attributable to the initial premium is: During As % of During As % of Policy Initial Policy Initial Year Premium Year Premium ---- ------- ---- -------
Sample 1
Loan Charge means (i) 1 plus (ii) the Loan Rate multiplied by the actual number of days elapsed since the immediately preceding Calculation Date divided by 365.
Sample 1
Loan Charge. This is the difference between the loan interest rate and the rate we credit to borrowed funds and will be a maximum of 2.00% of the policy debt deducted annually. ------------------------------------------------------------------------------------------------------------------------------------ Charges Deducted from Divisions Asset Charge: in the Separate Account - daily charge of .002477% (equivalent to .90% annually in advance).
Sample 1

Examples of Loan Charge in a sentence

  • If applicable, Customer shall pay to CADEVILLE STORAGE the Interruptible Loan Charge set forth in the Hub Services Agreement for each Dth of Gas available for loan by CADEVILLE STORAGE pursuant to Section 5.4.2 of this Rate Schedule, up to Customer’s Maximum Loan Quantity specified in the applicable Exhibit A of the Hub Services Agreement.

  • Tuition Loan Charge Back/Accounts in Arrears In the event that a tuition loan is charged back to the school, a $100 fee will be assessed and added to the tuition loan balance and no future loans will be allowed unless an exception is granted by the principal.

  • OBR Charge: A Loan Charge and/or Lease Charge relating to work performed at the Customer Premise associated with the Customer’s account and included on a Customers’ Bill pursuant to the Loan or Lease Agreement.

  • The amendments ensure that where a person dies before 5 April 2019 the Schedule 11 Loan Charge will not apply.

  • Payment shall be equal to the Enhanced Interruptible Loan Charge specified in Customer’s Hub Services Agreement multiplied by Customer’s Maximum Loan Quantity.

  • The Loan Charge Inquiry took evidence from Keith Gordon, tax barrister at Temple Tax10 Chambers at the first oral evidence session where he said: I’m sure that most people, if they knew the Revenue didn’t like the arrangements, would have got out then and not kept it going for another five, six, seven, ten years.106171.

  • If applicable, Customer shall pay to PERRYVILLE STORAGE the Interruptible Loan Charge set forth in the Hub Services Agreement for each Dth of Gas available for loan by PERRYVILLE STORAGE pursuant to Section 5.4.2 of this Rate Schedule, up to Customer’s Maximum Loan Quantity specified in the applicable Exhibit A of the Hub Services Agreement.

  • The Loan Charge APPG finds it inconceivable that HMRC was unaware of loan based arrangements following the introduction of IR35 in 2000, and the reality is that made no attempt to crackdown on their proliferation until at least 2016.170.

  • Scunthorpe): If he will make it his policy to suspend the 2019 Loan Charge for the duration of the review commissioned by his Department of thatcharge.

  • Instead, HMRC has taken litigation against only six promoters of Loan Charge arrangements.


More Definitions of Loan Charge

Loan Charge means the charge for the loan of a Loaned Product or all Loaned Products in a Set, as specified in the Agreement Specific Terms, or if not so specified, as detailed in the most recent Product Catalogue at the time the Agreement was made, or if not so detailed, a reasonable charge;
Sample 1
Loan Charge the charge payable by the Customer to Chunc for the Chair Loan, as set out in the Loan Agreement Details;
Sample 1

Related to Loan Charge

  • Facility Charge means one percent (1%) of the Maximum Term Loan Amount.

  • Prepayment Charge With respect to any Mortgage Loan, the charges or premiums, if any, due in connection with a full or partial prepayment of such Mortgage Loan during a Prepayment Period in accordance with the terms thereof (other than any Servicer Prepayment Charge Payment Amount).

  • Monthly Charge shall have the meaning set forth in Article 5.

  • Debt Service Charges means for any Measurement Period, the sum of (a) Consolidated Interest Charges paid or required to be paid for such Measurement Period, plus (b) principal payments made or required to be made on account of Indebtedness (excluding the Obligations and any Synthetic Lease Obligations but including, without limitation, Capital Lease Obligations) for such Measurement Period, in each case determined on a Consolidated basis in accordance with GAAP.

  • Annual Debt Service Charge as of any date means the amount which is expensed in any 12-month period for interest on Debt of the Company and its Subsidiaries.

  • Room charge means the charge imposed for the use or occupancy of a room, excluding charges for food, beverages, state use tax, telephone service, or like services paid in connection with the charge, and excluding reimbursement of the assessment imposed by this act.

  • Prepayment Charge Schedule A data field in the Mortgage Loan Schedule attached hereto as Exhibit A which sets forth the amount or method of calculation of the Prepayment Charge and the term during which such Prepayment Charge is imposed with respect to a Mortgage Loan.

  • Prepayment Charge Period As to any Mortgage Loan, the period of time during which a Prepayment Charge may be imposed.

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Penalty Charge means a penalty charge which is payable by virtue of paragraph 3(1) and (2) of Schedule 3 to this Act;

  • Prepayment Charges Any prepayment premium or charge payable by a Mortgagor in connection with any Principal Prepayment on a Mortgage Loan pursuant to the terms of the related Mortgage Note or Mortgage, as applicable.

  • Service Charge means the amount charged for making a service available on line and is in addition to the actual fee for a service itself. For example, one who renews a license on line will pay the license renewal fee and a service charge.

  • Administrative Charge means, with respect to any Lease, any payment (whether or not part of the fixed monthly payment) payable to the related Lessor representing a disposition fee, a late payment fee, an Extension Fee, an allocation to the related Lessee of insurance premiums, sales, personal property or excise taxes or any other similar charge.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Bond Service Charges means principal, including mandatory sinking fund requirements for retirement of obligations, and interest, and redemption premium, if any, required to be paid by the authority on obligations.

  • Finance charge means that term as defined in section 106 of the truth in lending act, 15 USC 1605.

  • Collection Costs means an amount that the Municipality can charge with regard to the enforcement of a consumer’s monetary obligations;

  • Bank Charges means the charges levied by the Merchant Acquiring Bank for Transactions and Refunds. “Bank System” means the banking system operated by any approved bank, financial institution or other body.

  • Account Charge means, in relation to each of the Charged Accounts, the first priority fixed charge or pledge over all such accounts given or to be given by the relevant account holder thereof in favor of and in form and substance satisfactory to the Security Trustee.

  • Utility Charges means water, sewer, electricity, gas and other utility charges, if any, applicable to the Real Property or the Leased Real Property;

  • Advance Rent means moneys paid to the landlord to be applied to future rent payment periods, but does not include rent paid in advance for a current rent payment period.

  • SLDC Charges means the charges levied by the SLDC of the state wherein the Solar Power Project is located.

  • Yield Maintenance Charge With respect to any Mortgage Loan or Serviced Companion Loan, the yield maintenance charge or prepayment premium, if any, payable under the related Note in connection with certain prepayments.

  • Penalty Charges means any amounts collected from the Borrower that represent default charges, penalty charges, late fees and/or default interest, but excluding any yield maintenance charge or prepayment premium.

  • Loan Fee shall have the meaning assigned in Section 5.1.