Common use of Debit interest calculation Clause in Contracts

Debit interest calculation. 7.2.1 Debit interest will be calculated daily, and capitalised and charged to your account monthly. 7.2.2 Debit interest will be calculated at the rate decided by us from time to time as shown on your monthly statement, but will not exceed the maximum permissible annual finance charge rate allowed under the Usury Act. 7.2.3 Debit interest will be calculated and capitalised and charged at the maximum permissible annual finance charge rate allowed under the Usury Act when this agreement and/or your right to use the card and/or your credit facility ends.

Appears in 3 contracts

Sources: Credit Card Agreement, Credit Card Agreement, Credit Card Agreement

Debit interest calculation. 7.2.1 5.4.1. Debit interest will be calculated daily, and capitalised and charged to your account the Account monthly. 7.2.2 5.4.2. Debit interest will be calculated at the rate decided by us the Bank from time to time as shown on your the Borrower’s monthly statement, but will not exceed the maximum permissible annual finance charge rate allowed under the Usury Act. 7.2.3 5.4.3. Debit interest will be calculated and calculated, capitalised and charged at the maximum permissible annual finance charge rate allowed under the Usury Act when this agreement and/or your right to use the card and/or your credit facility endsAgreement is terminated.

Appears in 1 contract

Sources: Credit Card Terms and Conditions

Debit interest calculation. 7.2.1 7.3.1 Debit interest will be calculated daily, and capitalised and charged to your the business control account monthly. 7.2.2 7.3.2 Debit interest will be calculated at the rate decided by us from time to time as shown on your the business control account monthly statement, but will not exceed the maximum permissible annual finance charge rate allowed under the Usury Act. 7.2.3 7.3.3 Debit interest will be calculated and capitalised and charged at the maximum permissible annual finance charge rate allowed under the Usury Act when this agreement and/or your right to use the card and/or your business credit facility ends.

Appears in 1 contract

Sources: Card Scheme Agreement