Common use of INTEREST AND CHARGES Clause in Contracts

INTEREST AND CHARGES. (a) (i) You shall pay interest, which shall accrue daily at the prevailing interest rate for PC accounts and for any additional credit granted pursuant to Clause 2(e) of this Agreement based on a 365-day year on the end-of-day outstanding debit balance each day, subject to a minimum charge of S$5.00 per month, from the transaction date until the date when full payment of the PC outstanding balance is received by us. Such interest shall be compounded monthly and we shall be entitled, in our reasonable discretion, to vary the minimum charge at any time and from time to time with reasonable notice and the same shall be conclusive and binding on you. The interest which has accrued up to the date of the PC statement shall be specified in the PC statement.

Appears in 10 contracts

Samples: S Agreement, S Agreement, S Agreement

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INTEREST AND CHARGES. (a) (i) You shall pay interest, which shall accrue daily at the prevailing interest rate for PC accounts and for any additional credit granted pursuant to Clause 2(e) of this Agreement based on a 365-day/ 366-day year on the end-of-day outstanding debit balance each day, subject to a minimum charge of S$5.00 per month, from the transaction date until the date when full payment of the PC outstanding balance is received by us. Such interest shall be compounded monthly and we shall be entitled, in our reasonable discretion, to vary the minimum charge at any time and from time to time with reasonable notice and the same shall be conclusive and binding on you. The interest which has accrued up to the date of the PC statement shall be specified in the PC statement.

Appears in 1 contract

Samples: S Agreement

INTEREST AND CHARGES. (a) (i) You shall pay interest, which shall accrue daily at the prevailing interest rate for PC accounts and for any additional credit granted pursuant to Clause 2(e) of this Agreement based on a 365-day year on the end-end- of-day outstanding debit balance each day, subject to a minimum charge of S$5.00 per month, from the transaction date until the date when full payment of the PC outstanding balance is received by us. Such interest shall be compounded monthly and we shall be entitled, in our reasonable discretion, to vary the minimum charge at any time and from time to time with reasonable notice and the same shall be conclusive and binding on you. The interest which has accrued up to the date of the PC statement shall be specified in the PC statement.

Appears in 1 contract

Samples: S Agreement

INTEREST AND CHARGES. (a) (i) You shall pay interest, which shall accrue daily at the prevailing interest rate for PC accounts and for any additional credit granted pursuant to Clause 2(e2(d) of this Agreement based on a 365-day/ 366-day year on the end-of-day outstanding debit balance each day, subject to a minimum charge of S$5.00 per month, from the transaction date until the date when full payment of the PC outstanding balance is received by us. Such interest shall be compounded monthly and we shall be entitled, in our reasonable discretion, to vary the minimum charge at any time and from time to time with reasonable notice and the same shall be conclusive and binding on you. The interest which has accrued up to the date of the PC statement shall be specified in the PC statement.

Appears in 1 contract

Samples: S Agreement

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INTEREST AND CHARGES. (a) (i) You shall pay interest, which shall accrue daily at the prevailing interest rate for PC accounts and for any additional credit granted pursuant to Clause 2(e2(d) of this Agreement based on a 365-day year on the end-of-day outstanding debit balance each day, subject to a minimum charge of S$5.00 per month, from the transaction date until the date when full payment of the PC outstanding balance is received by us. Such interest shall be compounded monthly and we shall be entitled, in our reasonable absolute discretion, to vary the minimum charge at any time and from time to time with reasonable without notice and without giving any reason and the same shall be conclusive and binding on you. The interest which has accrued up to the date of the PC statement shall be specified in the PC statement.

Appears in 1 contract

Samples: S Agreement

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