Total Interest Charges definition

Total Interest Charges. We set out the total interest charges payable under this Agreement in the SCHEDULE OF PAYMENTS section in these Commercial Terms.

Total Interest Charges. This is the total amount of the interest charges payable under this agreement. METHOD OF CHARGING INTEREST Interest charges are calculated by multiplying the average unpaid daily balance for the preceding month by a monthly interest rate. The monthly interest rate is calculated by dividing the annual interest rate by 12. Interest is debited to your account on the Payment Dates referred to under the “Payments” section below. CREDIT FEES AND CHARGES The following credit fees and charges (which are not included in the initial unpaid balance) are, or may become payable under, or in connection with, this agreement: • A variation fee of $150.00 if we agree to vary this agreement. • An assignment fee of $150.00 if we agree to an assignment of this agreement. • A refund fee of $10.00 where we refund any over payment. • An account closing fee of $35.00 to be paid when you pay back all moneys you owe us under this agreement. Our General Terms allow us to change the amount of these fees and charges. PAYMENTS You are required to make each Payment Amount and Number of Payments below at the Frequency below starting (and including) on the first Payment Date shown on the first row. Each payment is to be made before 4pm on the relevant date. Total Amount of Payments: If there is no date which corresponds to the date you are to make your payment, you must make that payment before 4pm on the last day of that month. CONTINUING DISCLOSURE We will be required to provide you with regular statements. The statements will give you information about your account. A statement will be provided to you 6 monthly.

Total Interest Charges means, in relation to any period, (A) the total amount (without duplication) of (i) all interest, amounts in the nature of interest and commitment, non-utilisation and other periodic fees and commissions accruing in respect of Financial Indebtedness (including in respect of obligations under finance or capital leases or hire purchase payments but excluding amortisation of underwriting, arrangement and similar upfront fees and debt issuance costs) paid or payable by the TCN Group during such period plus (ii) net cash amounts paid or payable by the TCN Group (or minus net cash amounts received or receivable by the TCN Group), as the case may be, under Interest Rate Agreements, in each case in respect of such period plus (iii) discounts suffered and repayment premiums payable by the TCN Group in respect of Financial Indebtedness during such period, in each case to the extent applicable GAAP requires that such discounts and premiums be treated as or in like manner to interest plus (iv) discount fees and acceptance fees payable by the TCN Group or deducted in respect of any Financial Indebtedness of the TCN Group (including all fees payable in connection with any Documentary Credit, any other letters of credit or guarantees and any Ancillary Facility) plus (v) any cash amounts paid or payable by the TCN Group in respect of such period in the form of Permitted Payments the proceeds of which are intended to enable the recipient thereof to fund the payment of amounts owed by such recipient in respect of items of the type described in clauses (i) through (iv) above plus (vi) any other costs, expenses and deductions of the like effect minus (B) all interest received by the TCN Group in respect of cash on deposit with banks or financial institutions, in each case during such period, in the case of each of clauses (i) to (vi) above, excluding any adjustments to such amounts relating to the application of fresh start accounting principles.

Examples of Total Interest Charges in a sentence

• Advance rental payment(s) $ $ $ Amount of each subsequent rental payment $ $ $ Total amount of rental payments $ (GST incl.) Interest & method of charging interest Interest Start Date Annual Interest Rate % fixed for the whole term of this contract Total Interest Charges $ Interest charges are calculated daily by multiplying the unpaid balance at the end of the day by a daily interest rate.

• Your Statement will include your previous balance, the current transactions on your account, the unused credit available under your Credit Limit, the new balances of purchases and cash advances, the new balance, the Total Interest Charges, other billed fees, and the Required Payment Due.

• Interest Start Date Annual Interest Rate % fixed for the whole term of this contract Total Interest Charges $ Interest charges are calculated daily by multiplying the unpaid balance at the end of the day by a daily interest rate.

• The initial unpaid balance is made up of: Loan Amount Loan Fees and Charges Loan Application Fee Loan Consumable Fee Loan Disbursal Fee Loan Assessment Fees New Loan Total Interest Details Interest Rate % per annum Total Interest Charges This is the total amount of interest charges payable under this Agreement We may change the interest rate in certain circumstances.

• At the end of the Fixed Interest Rate Period the Interest Rate will change to the NBS Variable rate, at which time the Interest Rate can be Fixed as agreed between you and us Total Interest Charges: $x.xx.

• Total Interest Charges This is the total amount of the interest charges payable under this Agreement $ Initial unpaid balance ("Amount Financed").

• Instalments the Total Interest Charges expressed as a percentage of the Premium Loan the insurance policies specified in the Premium Funding Details for each Premium Loan (or as otherwise agreed in writing) the Initial Payment described in the Premium Funding Details for each Premium Loan – this comprises a deposit, the Application Fee and Stamp Duty (if applicable).

• Dealer NAME Interest & method of charging interest Interest Start Date Annual Interest Rate % fixed for the whole term of this contract Total Interest Charges $ Interest charges are calculated daily by multiplying the unpaid balance at the end of the day by a daily interest rate.

• Please note that if the Annual Interest Rate changes, the Total Interest Charges will also change.

• PPSR Fee Total Interest Charges: This is the total amount of the interest charges payable under this agreement.

More Definitions of Total Interest Charges

Total Interest Charges. This is the total amount of the interest charges payable under this agreement. Establishment Fee METHOD OF CHARGING INTEREST PPSR Fee Interest charges are calculated by multiplying the average unpaid daily balance for the preceding month by a monthly interest rate. Optional Services Property Insurance Gap Insurance Payment Protection Insurance Property Warranty The monthly interest rate is calculated by dividing the annual interest rate by 12. Interest is debited to your account on the Payment Dates referred to under the “Payments” section below. CREDIT FEES AND CHARGES TOTAL ADVANCE: Effective Date Being the date the Advance (referred to above) is to be made or such other date agreed by us. The following credit fees and charges (which are not included in the initial unpaid balance) are, or may become payable under, or in connection with, this agreement: • A variation fee of $20.00 if we agree to vary this agreement. • An assignment fee of $50.00 if we agree to an assignment of this agreement. • A refund fee of $10.00 if we refund any early payment you make to us. • An account closing fee of $35.00 to be paid when you pay back all moneys you owe us under this agreement. Our General Terms allow us to change the amount of these fees and charges. CONTINUING DISCLOSURE We will be required to provide you with regular statements. The statements will give you information about your account. Statements will be provided to you 6 monthly.

Total Interest Charges means all cash interest charges of Borrower.

Total Interest Charges. This is the total amount of the interest charges payable under this agreement. Establishment Fee PPSR Fee The Total Interest Charges are added to the Total Advance (the sum being the “Total Owing”) on the Effective Date so that as at that date the unpaid balance is the Total Owing. CREDIT FEES AND CHARGES Optional Services Vehicle Insurance Gap Insurance Payment Protection Insurance Vehicle Warranty TOTAL ADVANCE: This is the total amount of all advances to be made to you as at the Effective Date. Effective Date: which is the earlier of the date the Balance of the Purchase Price is to be paid by us to the Dealer or the date you took possession of the Vehicle. The following credit fees and charges are, or may become payable under, or in connection with, this agreement: • A variation fee of $150.00 if we agree to vary this agreement. • An assignment fee of $150.00 if we agree to an assignment of this agreement. • A refund fee of $10.00 if we refund any early payment you make to us. • An account closing fee of $35.00 to be paid when you pay back all moneys you owe us under this agreement. Our General Terms allow us to change the amount of these fees and charges. Total Amount of Payments: