Interest Information. Unless otherwise agreed to in writing by both parties: (i) the Escrow Agent shall list the employer tax identification number of the Seller for federal, state and local tax purposes and for other necessary purposes; and (ii) all interest earned shall be the sole and exclusive property of the Seller; and (iii) any and all of Escrow Agent's fees and charges as provided for in Paragraph (6) of this Agreement shall first be charged against interest earned and then charged against principal.
Interest Information. Interest is paid on interest-bearing accounts at rates that vary from time to time. Interest is earned in the currency of the account. From time to time, we may change interest rates and the method by which interest is calculated. If you have an interest-bearing account, we will advise you of the interest rate(s) and any changes to how interest is calculated by posting the new rate(s) and any interest calculation changes in all of CIBC's branches. You may not receive interest on an interest-bearing account if your balance falls below a certain level we determine or if the interest rate payable on such account is zero percent.
Interest Information. Which Accounts Bear Interest. Your Account will bear interest as described in this Section D. Rate Information. The initial interest rate and APY for the Account appear in the Account Opening Disclosures. This is a variable rate account. We may, at our discretion, change the interest rate and APY for your Account at any time; this may be changed daily. Platform will notify you of any change in the interest rate and APY for your Account by posting the new interest rate on the Platform App.
Interest Information. Interest is paid on interest-bearing Account at rates that vary from time to time. You acknowledge that, from time to time, BOCC may change interest rates and the method by which interest is calculated. If you have an interest-bearing Account, BOCC will advise you of the interest rate(s) and any changes to how interest is calculated by posting the new rate(s) and any interest calculation changes in all of BOCC's branches and on our website at: xxx.xxxxxxxxxxx.xxx/xx/xx/. If your balance falls below a certain level designated by BOCC, the interest rate on such Account is zero percent.
Interest Information. Interest will be compounded and credited as determined by the Bank. Please refer to the Schedule of Fees and Funds Availability for Commercial Accounts for details on interest compounding and payment methods. Interest rates for accounts vary from time to time. Your statement will also include the interest rate and the effective annual percentage yield earned for that statement period.
Interest Information. We may, in our discretion, change interest rates and annual percentage yields at any time unless stated otherwise in this Agreement. Such changes are generally based on economic conditions. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in your account each day. Interest begins to accrue on the business day you make your deposit. Interest is compounded and credited monthly. There is no mini- mum balance required to earn interest. We may not pay interest on funds deposited by a check that is returned unpaid. If you close your Account, interest that has accrued but has not yet posted will not be paid. Interest is compounded and credited monthly. For additional information, please refer to your Interest and Fee Schedule. Statement of Accounts. A statement of your account will be sent at least quarterly to the most recent address for notices that we have for you in our records, which may be an email address if you have elected to receive statements electronically. If any statement is returned to us because of an incorrect address, we may stop sending statements to you. You agree to examine the statement carefully and reconcile the account. You also agree to carefully examine the items returned to you and to compare the items with the statement for problems, such as unauthorized signatures, alterations, or missing endorsements, and errors in the account balance that may indicate a bank error in crediting your account. You agree to contact us immediately about any error or problem with a statement or an item. This examination of your statement and items is called exercising “Reasonable Care.” If you fail to exercise Reasonable Care in examining your state-ment or fail to report forgeries, alterations, or errors of any kind to us within 30 days of the mailing date of the earliest statement containing the item(s) in question, you waive any and all claims based on such problems. We use automated systems in the processing of checks in order to handle a high volume of items at the lowest cost to you. You agree that, to the extent that such systems are comparable to those used in general banking practice, their use constitutes ordinary care, and we will not be liable to you for forgeries, alterations, or other discrepancies not detected by such systems. We will not be liable for losses due to a forgery or an alteration that is of a nature that a bank could not be reasonably expect-e...
Interest Information. Seller hereby covenants and agrees that within thirty (30) days of the Closing Date, it will provide Purchaser with a report of all interest credited to, interest withheld from, and early withdrawal penalties charged to the Deposit Liabilities from the first day of the calendar year of closing through the Closing Date. Such report will be provided in a form reasonably acceptable to Purchaser that will enable Purchaser to issue the reports required to be furnished to depositors under Section 13.1 of this Agreement.
Interest Information. Unless otherwise agreed to in writing by both parties: (i) the Escrow Agent shall list the social security number of the Seller for one-half of the Escrowed Funds for federal, state and local tax purposes and for other necessary purposes; (ii) the Escrow Agent shall list the employer tax identification number of Purchaser for one-half of the Escrowed Funds for federal, state and local tax purposes and for other necessary purposes; and (iii) any and all of Escrow Agent's fees and charges as provided for in Paragraph (6) of this Agreement shall first be charged against interest earned and then charged against principal.
Interest Information. We may, in our discretion, change interest rates and annual percentage yields at any time unless stated otherwise in this Agreement. Such changes are generally based on economic conditions. There is no minimum balance required to earn interest. We use the daily balance method to calculate the interest on your Account. The daily balance method applies a daily periodic rate to the principal in the Account each day. Interest is compounded monthly and credited monthly. Interest begins to accrue no later than the business day that we receive credit for the contribution of non-cash items (for example, checks). The interest rate and annual percentage yield (APY) is based on the balance in your Account. If you close your Account, interest that has accrued but has not yet posted will not be paid. For additional interest information, please refer to your Health Savings Account Fee and Interest Schedule.
Interest Information. Common Interest Information means any information, including any confidential or privileged information, shared between the Parties to facilitate the purposes of this Agreement, including, without limitation, any information generated by Allied Organizations that is disclosed or shared among the Parties, the amicus request form submitted by the Amicus Requestor, any documentation provided by the Amicus Requestor in support of the amicus request, and any information exchanged by the Parties from and after the Effective Date. Common Interest Information does not include any publicly available information.
