Surcharge Interest definition

Surcharge Interest means interest You pay when You exceed an Arranged Overdraft or arranged excess as set out in Clause 11.5;
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Surcharge Interest means interest You pay when You exceed an Arranged Overdraft or arranged excess as set out in Clause 14.5; “Third Party Provider” ("TPP") means an independent provider of services which can offer Account Information Services or Payment Initiation Services to You, or which issues
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Surcharge Interest means the Bank’s rate of surcharge interest, as calculated and payable in accordance with Clause 4.7 of Part 3;
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Examples of Surcharge Interest in a sentence

  • Arranged overdraft exceededArranged Overdraft Rate plus Surcharge Interest*Overdraft without prior agreement(No overdraft in place)14.75% plus Surcharge Interest* *Surcharge Interest is an interest rate of 1% per month, subject to a minimum charge of £2 per month.

  • Surcharge Interest will be itemised separately when debited to Accounts.

  • The interest rate applicable to the amount of the Unauthorised Overdraft will be the Unauthorised Overdraft Interest rate plus the Surcharge Interest rate and these rates will be advised to you on your statement (Unauthorised Overdraft Interest may be referred to as Debit interest on your statement).

  • The Surcharge Interest rate is subject to change by the Bank from time to time.

  • Surcharge Interest will be debited to the relevant Borrower’s Account in the same manner as oth- er interest charges.

  • This gives rise to costs, expenses and risk to the Bank that are covered by the application of Surcharge Interest.

  • Surcharge Interest will apply to Unauthorised Overdrafts, Unauthorised Excesses and residual balances for the duration thereof.

  • The rate applicable to the amount of the Unauthorised Excess will be the Arranged Overdraft Interest rate plus the Surcharge Interest rate and these rates will be advisedto you on your statement (Arranged Overdraft Interest may be referred to as Debit interest on your statement).

  • Surcharge Interest – Additional The Borrower shall discharge interest due to the Bank at the rate relevant to the amounts owing by the Borrower to the Bank in addition to any amount of additional interest as provided for in this Clause 8.

  • When and How Surcharge Interest is Payable The additional interest charges provided for in this Clause 8 shall be payable by the Borrower to the Bank at the same time and in the same manner as the relevant interest charge, currently quarterly.


More Definitions of Surcharge Interest

Surcharge Interest means interest You pay when You exceed an Arranged Overdraft or
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Related to Surcharge Interest

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • Certificate Interest means the allocable percentage interest of a Certificate held by a Certificateholder.

  • Class A Percentage Interest means, with respect to a Class A Member as of a given date, that percentage obtained by dividing the total number of Class A Units owned by such Member by the total number of Class A Units issued and outstanding.

  • Class E Interest Rate means 4.99% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Percentage Interest means, with respect to each Note Holder, a fraction, expressed as a percentage, the numerator of which is the Note Principal Balance of the Note held by such Note Holder and the denominator of which is the sum of the Note Principal Balances of all of the Notes.

  • Class UT-R Interest The residual interest in the Upper-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Asset Interest is defined in Section 2.1(b).

  • Class B Percentage Interest As of any date of determination, with respect to the Class B Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class B Certificates on such date, and the denominator of which is the Class Principal Balance of the Class B Regular Interest on such date.

  • Class C Percentage Interest As of any date of determination, with respect to the Class C Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class C Certificates on such date, and the denominator of which is the Class Principal Balance of the Class C Regular Interest on such date.

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • Water interest means any right to the beneficial use of water, including:

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Certificate Percentage Interest means, with respect to a Certificate, the percentage specified on such Certificate as the Certificate Percentage Interest, which percentage represents the beneficial interest of such Certificate in the Trust. The initial Certificate Percentage Interest held by the Depositor shall be 100%.

  • Trust Interest means an account owner's interest in the trust created by a participating trust

  • Class B Additional Interest shall have the meaning specified in subsection 4.02(b).

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Net Simple Interest Shortfall With respect to any Distribution Date, the excess, if any, of (a) 30 days’ interest at the weighted average (by principal balance) of the Net Mortgage Rates of the Simple Interest Mortgage Loans as of the first day of the related Due Period, as determined by the Servicer, on the aggregate principal balance of such Simple Interest Mortgage Loans for such Remittance Date, carried to six decimal places, rounded down, and calculated on the basis of a 360-day year consisting of twelve 30-day months, over (b) the amount of the payments received by the Servicer in the related Due Period allocable to interest in respect of such Simple Interest Mortgage Loans, calculated in accordance with the Simple Interest Method, net of the related Servicing Fees.

  • Note B Percentage Interest means a fraction, expressed as a percentage, the numerator of which is the Note B Principal Balance and the denominator of which is the sum of the Note A Principal Balance and the Note B Principal Balance.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • Lower Tier Interest As described in the Preliminary Statement.

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.

  • Mortgage Interest Rate For any Mortgage Loan, the per annum rate at which interest accrues on such Mortgage Loan pursuant to the terms of the related Mortgage Note.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.