Cash advances, Cash advances on the Sample Clauses

Cash advances, Cash advances on the. Business Freedom Solutions Line of Credit and Cheques: Credit charges on cash advances, cash advan- ces on the Business Freedom Solutions Line of credit and cheques are calculated on the average daily balance from the date on which the transaction was made until receipt of full payment at the annual interest rate indicated on the statement of account.
Cash advances, Cash advances on the. Business Freedom Solutions Line of Credit and cheques: The annual interest rate applicable to cash advances and cheques, calculated based on the average daily balance from the date on which the transaction was made until receipt of full payment, cor- responds to the prime rate of Desjardins, plus a maximum additional interest of 8% per year, which shall vary with each change to the said prime rate. The annual interest rate charged to the holder, which is composed of the two ele- ments described above, shall appear on each of the monthly statements of account of the holder.