Common use of Finance Charge Clause in Contracts

Finance Charge. Except during any introductory or promotional period, the FINANCE CHARGE (INTEREST) for purchases and balance transfers will equal the sum of the Prime Rate as listed in the Money Rates Section of Eastern edition of The Wall Street Journal on the last business day of each month plus a margin based upon your cumulative credit history. Your margin, initial Monthly Periodic Rate and corresponding ANNUAL PERCENTAGE RATE (APR) for purchases and balance transfers are as set forth in the Account Opening Disclosures provided to you at the time of the delivery of this agreement, the terms of which are incorporated herein by reference. The FINANCE CHARGE for purchases and balance transfers will be subject to a maximum of the lesser of 18.00% APR or the highest APR then permitted by applicable law. The FINANCE CHARGE (INTEREST) for cash advances will equal the sum of the Prime Rate plus 17.99%, subject to a maximum of the lesser of 18.00% APR or the highest APR then permitted by applicable law. If the index is discontinued or is no longer available, a successor index setting forth the prime rate will be chosen by us. To avoid incurring an additional FINANCE CHARGE on purchases and balance transfers reflected on your periodic statement and on any new purchases and balance transfers appearing on your next statement, you must pay the new balance for purchases and balance transfers shown on the periodic statement on or before the Payment Due Date. The FINANCE CHARGES for a billing cycle are computed by applying the Monthly Periodic Rate to the average daily balance of (i) purchases, (ii) balance transfers, or (iii) cash advances, as the case may be, which is determined by dividing the sum of the daily balances during the billing cycle by the number of days in the cycle. Separate average daily balances are calculated for (i) purchases, (ii) balance transfers, and (iii) cash advances. Each daily balance of (i) purchases,(ii)balance transfers, or (iii) cash advances, as the case may be, is determined by adding to the previous balance of (i) purchases,(ii) balance transfers, or (iii) cash advances, as the case may be, any new (i) purchases,(ii) balance transfers, or (iii) cash advances, as the case may be, posted to your account and subtracting any payments as received and credits posted to your account and applied to (i) purchases,(ii) balance transfers, or (iii) cash advances, as the case may be, but excluding any unpaid FINANCE CHARGES. FINANCE CHARGES will begin to accrue on cash advances, including over-the counter cash advances, convenience checks, and ATMs from the date of the transaction. Fees are not included in the calculation of the average daily balance. Finance charges will continue to accrue on your account until what you owe under this agreement is paid in full. We may offer promotional or preferred terms for all or any part of any balance. Promotional and preferred terms may be applicable for limited periods. Any applicable promotional or preferred terms (including any promotional or preferred Monthly Periodic Rate and corresponding APR), the period in which such terms shall be in effect, the circumstances under which such terms may be revoked, and the Monthly Periodic Rate and corresponding APR that will apply after the revocation of such terms are set forth in the Account Opening Disclosures provided to you at the time of this agreement, the terms of which are incorporated herein by reference.

Finance Charge. Except during any introductory or promotional period, the FINANCE CHARGE (INTEREST) for purchases and balance transfers will equal the sum of the Prime Rate as listed in the Money Rates Section of Eastern edition of The Wall Street Journal on the last business day of each month plus a margin based upon your the lowest credit score of the Business Persons (each of which credit score is based upon the cumulative credit history. Your margin, initial Monthly Periodic Rate and corresponding ANNUAL PERCENTAGE RATE (APR) for purchases and balance transfers are as set forth in the Account Opening Disclosures provided to you at the time history of the delivery of this agreement, the terms of which are incorporated herein by referencesuch Business Person). The FINANCE CHARGE for purchases and balance transfers will be within a range of the Prime Rate plus 9.99% to the Prime Rate plus 14.99%, subject to a maximum of the lesser greater of 18.0018.0% APR or the highest APR then permitted by applicable law. The FINANCE CHARGE (INTEREST) for cash advances will equal the sum of the Prime Rate plus 17.99%, subject to a maximum of the lesser greater of 18.0018.0% APR or the highest APR then permitted by applicable law. If the index is discontinued or is no longer available, a successor index setting forth the prime rate will be chosen by us. To avoid incurring an additional FINANCE CHARGE on the balance of purchases and balance transfers reflected on your periodic statement and on any new purchases and balance transfers appearing on your next statement, you must pay the new balance for purchases and balance transfers shown on the periodic statement on or before the Payment Due Date. The FINANCE CHARGES for a billing cycle are computed by applying the Monthly Periodic Rate daily periodic rate to the average daily balance multiplied by the number of days in the billing cycle OR the monthly periodic rate to the average daily balance of (i) purchases, (ii) balance transfers, or (iii) cash advances, as the case may be, which is determined by dividing the sum of the daily balances during the billing cycle by the number of days in the cycle. Separate average daily balances are calculated for (i) purchases, (ii) balance transfers, and (iii) cash advances. Each daily balance of (i) purchases,(ii)balance purchases,(ii) balance transfers, or (iii) cash advances, as the case may be, is determined by adding to the previous balance of (i) purchases,(ii) balance transfers, or (iii) cash advances, as the case may be, any new (i) purchases,(ii) balance transfers, or (iii) cash advances, as the case may be, posted to your account and subtracting any payments as received and credits posted to your account and applied to (i) purchases,(ii) balance transfers, or (iii) cash advances, as the case may be, but excluding any unpaid FINANCE CHARGES. FINANCE CHARGES will begin to accrue on cash advances, including over-the counter cash advances, convenience checks, and ATMs from the date of the transaction. Fees are not included in the calculation of the average daily balance. Finance charges will continue to accrue on your account until what you owe under this agreement is paid in full. We may offer promotional or preferred terms for all or any part of any balance. Promotional and preferred terms may be applicable for limited periods. Any applicable promotional or preferred terms (including any promotional or preferred Monthly Periodic Rate and corresponding APR), the period in which such terms shall be in effect, the circumstances under which such terms may be revoked, and the Monthly Periodic Rate and corresponding APR that will apply after the revocation of such terms are set forth in the Account Opening Disclosures provided to you at the time of this agreement, the terms of which are incorporated herein by reference.

Finance Charge. Except during any introductory or promotional period, the FINANCE CHARGE (INTEREST) for purchases and balance transfers will equal the sum of the Prime Rate as listed in the Money Rates Section of Eastern edition of The Wall Street Journal on the last business day of each month plus a margin based upon your the lowest credit score of the Business Persons (each of which credit score is based upon the cumulative credit history. Your margin, initial Monthly Periodic Rate and corresponding ANNUAL PERCENTAGE RATE (APR) for purchases and balance transfers are as set forth in the Account Opening Disclosures provided to you at the time history of the delivery of this agreement, the terms of which are incorporated herein by referencesuch Business Person). The FINANCE CHARGE for purchases and balance transfers will be within a range of the Prime Rate plus 9.99% to the Prime Rate plus 14.99%, subject to a maximum of the lesser greater of 18.0018.0% APR or the highest APR then permitted by applicable law. The FINANCE CHARGE (INTEREST) for cash advances will equal the sum of the Prime Rate plus 17.99%, subject to a maximum of the lesser greater of 18.0018.0% APR or the highest APR then permitted by applicable lawapplicablelaw. If the index is discontinued or is no longer available, a successor index setting forth the prime rate will be chosen by us. To avoid incurring an additional FINANCE CHARGE on the balance of purchases and balance transfers reflected on your periodic statement and on any new purchases and balance transfers appearing on your next statement, you must pay the new balance for purchases and balance transfers shown on the periodic statement on or before the Payment Due Date. The FINANCE CHARGES for a billing cycle are computed by applying the Monthly Periodic Rate daily periodic rate to the average daily balance multiplied by the number of days in the billing cycle OR the monthly periodic rate to the average daily balance of (i) purchases, (ii) balance transfers, or (iii) cash advances, as the case may be, which is determined by dividing the sum of the daily balances during the billing cycle by the number of days in the cycle. Separate average daily balances are calculated for (i) purchases, (ii) balance transfers, and (iii) cash advances. Each daily balance of (i) purchases,(ii)balance purchases,(ii) balance transfers, or (iii) cash advances, as the case may be, is determined by adding to the previous balance of (i) purchases,(ii) balance transfers, or (iii) cash advances, as the case may be, any new (i) purchases,(ii) balance transfers, or (iii) cash advances, as the case may be, posted to your account and subtracting any payments as received and credits posted to your account and applied to (i) purchases,(ii) balance transfers, or (iii) cash advances, as the case may be, but excluding any unpaid FINANCE CHARGES. FINANCE CHARGES will begin to accrue on cash advances, including over-the counter cash advances, convenience checks, and ATMs from the date of the transaction. Fees are not included in the calculation of the average daily balance. Finance charges will continue to accrue on your account until what you owe under this agreement is paid in full. We may offer promotional or preferred terms for all or any part of any balance. Promotional and preferred terms may be applicable for limited periods. Any applicable promotional or preferred terms (including any promotional or preferred Monthly Periodic Rate and corresponding APR), the period in which such terms shall be in effect, the circumstances under which such terms may be revoked, and the Monthly Periodic Rate and corresponding APR that will apply after the revocation of such terms are termsare set forth in the Account Opening Disclosures provided to you at the time of this agreement, the terms of which are incorporated herein by reference.