Loan Charge definition

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;

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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 ---- ------- ---- -------

Examples of Loan Charge in a sentence

Loan Charge: • annual charge of .75% of policy debt deducted annually.
For the Loaned Products (if any), the Customer shall pay the Loan Charge.
If any Loan Charge is a weekly or other periodical charge, Medartis may invoice the Loan Charge for a period in advance on or at any time after the start of that period, or (at Medartis' option) invoice for the accumulated Loan Charges for any completed periods in arrears at any time.
We reserve the right to increase the Loan Charge, but in no event above 1.00%.
For each day late which the Customer is in returning a Product or Ancillary Item, the Customer shall pay and Medartis may charge a Loan Charge for each such Product and Ancillary Item as if they were Loaned Products.
To that end, the Borrower undertakes that, except as the Fund shall otherwise agree, if any lien shall be created on any assets of the Borrower as security for any external debt, such lien will ipso facto and at no cost to the Fund equally and ratably secure the payment of the principal of the Loan, the Loan Charge and other charges on the Loan, and that in the creation of any such lien express provision will be made to that effect.
Service Fee Fee Paid By Refinanced Loan Charge, existing maintenance fee applies, if applicable $75 initiation fee; $40 yearly maintenance fee Participant Except as otherwise provided in the Agreement, expenses will be determined and billed or deducted monthly, as applicable as of a date determined by MassMutual.
The amount of any Unused Revolving Credit Loan Charge shall be payable to Lender quarterly, in arrears, commencing April 1, 1998, with a final payment date on the Commitment Termination Date.
Overdraft loans that remain unpaid will be handled in a manner consistent with the Credit Union’s Collection Procedures and/or Loan Charge Offs policy.
The amount of any Unused Revolving Credit Loan Charge shall be payable quarterly in arrears on each March 31, June 30, September 30 and December 31, commencing September 30, 1997.

More Definitions of Loan Charge

Loan Charge the charge payable by the Customer to Chunc for the Chair Loan, as set out in the Loan Agreement Details;

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.