Interest Method Sample Clauses
Interest Method. (A) Review the contract and confirm that the Receivable is amortized using the Simple Interest Method.
Interest Method. Each Receivable shall provide for accrual of interest according to the simple interest method or shall be a Precomputed Receivable and shall provide for monthly payments of principal and interest that fully amortize the Amount Financed by maturity and for a finance charge or yield interest at its Note Rate. The Principal Balance of Precomputed Receivables (on an actuarial basis) as of the Cutoff Date represents _____% of the Original Pool Balance. FORM OF PURCHASE AGREEMENT
Interest Method. Each Receivable shall provide for accrual of interest according to the simple interest method and shall provide for monthly payments of principal and interest that fully amortize the Amount Financed by maturity and for a finance charge or yield interest at its Note Rate.
Interest Method. 4.3.1 The Loan under this Agreement is daily interest loan, the daily interest rate = annual interest rate/360
4.3.2 The actual loan date of the Lender is regarded as the value date for the loan interest under this Agreement
4.3.3 Loan interest is calculated according to the actual loan amount and days of usage.
Interest Method. Each Receivable shall be Simple Interest Receivable or shall be a Precomputed Receivable;
Interest Method. Any interest under this Agreement shall accrue from day to day and shall be calculated in accordance with the method 30/360, i.e., on the basis of a month of 30 days and a year of 360 days.
Interest Method. Each Receivable shall provide for accrual of interest according to the simple interest method or shall be a Precomputed Receivable;