Interest Compensation. In the event that we shall be liable to you for interest compensation under this Agreement or by applicable law, interest shall be calculated on the basis of the average Federal Funds rate for the period involved. You agree that we may, at our sole option, pay interest compensation as follows: (1) by lump sum payment of cash, or (2) by providing a credit to your account with us.
Appears in 2 contracts
Samples: www.tccu.net, Account Agreement
Interest Compensation. In the event that we shall be are liable to you for interest compensation under this Agreement Agreement, or by applicable law, interest shall be calculated on at the basis average of the average federal funds rate published by the Federal Funds rate Reserve Bank for the period involved. You agree ; or at such other rate that we maymay agree to, at our sole optionin writing, pay interest compensation as follows: (1) by lump sum payment of cash, or (2) by providing a credit from time to your account with ustime.
Appears in 2 contracts
Samples: Transfer Disclosure Statement and Agreement, Transfer Disclosure Statement and Agreement
