Interest on Margin Sample Clauses

Interest on Margin. You shall pay interest on credit extended by Axos Clearing under this Margin Agreement for the purpose of purchasing, carrying or trading securities. Interest will be charged on your average daily net settled debit balance and calculated using the interest rate schedule determined by your Broker. Your Broker’s initial interest rate schedule is attached to this Margin Agreement and will remain in effect unless modified under the circumstances described below. As noted in this rate schedule, the interest rates selected by your Broker will be added to the Axos Clearing Base Rate (“ACBR”) to determine your margin interest rate. The ACBR is set at the discretion of Axos Clearing with references to the general credit markets, the broker call rate and general industry conditions relating to the extension of margin credit. The ACBR will change without notice to you as changes occur in the general credit markets, the broker call rate and general industry conditions relating to the extension of margin credit, at Axos Clearing’s discretion. Axos Clearing makes available the current ACBR at the following link on Axos Clearing’s website: xxxxx://xxx.xxxxxxxxxxxx.xxx/disclosures/. Axos Clearing will update the information displayed here to reflect any adjustments in the ACBR so that you may check the current ACBR at any time. You will be provided with 30 calendar days’ written notice of any changes your Broker elects to make to its rate schedule. You may contact your Broker or Axos Clearing’s Client Services Department at (000) 000-0000 if you have any questions about the margin rates applicable to your margin balances. On demand, you shall pay any balance owing with respect to your accounts, including fees and any costs of collection. All payments received in your account, including dividends, interest, premiums and principal payments may be applied to the balance due in your account. The rate of interest charged for the credit extended to you shall be calculated on a 360-day year and actual days elapsed using the rate schedule determined by your Broker.
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Interest on Margin. You shall pay interest on credit extended by COR under this Margin Agreement for the purpose of purchasing, carrying or trading securities. Interest will be charged on your average daily net settled debit balance and calculated using the interest rate schedule selected by your Broker. This interest schedule will be added to the COR Clearing Base Rate (“CCBR”) to determine your interest rate. The CCBR will change without notice to you as changes occur in the general credit markets, the broker call rate and general industry conditions relating to the extension of margin credit. On demand, you shall pay any balance owing with respect to your accounts, including fees and any costs of collection. All payments received in your account, including dividends, interest, premiums and principal payments may be applied to the balance due in your account. The rate of interest charged for the credit extended to you shall be calculated on a 360-day year and actual days elapsed. The Interest Rate will vary from time to time without prior notice, in accordance with shifts in money rates, industry conditions relating to the extension of margin credit and the general credit markets.
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Interest on Margin. Without prejudice to Clause A6, the Customer acknowledges and agrees that DBS may pay interest to the Customer at such rate as it may determine in its sole discretion on any Margin in respect of futures or OTC transactions provided always that DBS may always retain the difference between such interest and the actual interest earned by DBS on such Margin. DBS shall, in this connection, be authorised to withdraw such interest differential from the Customer’s Account and pay the same into DBS’ own account.
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Interest on Margin. You shall pay interest on credit extended by COR under this Margin Agreement for the purpose of purchasing, carrying or trading securities. Interest will be charged on your average daily net settled debit balance and calculated using the interest rate schedule selected by your Investment Firm. This interest schedule will be added to the COR Clearing Base Rate (“LCBR”) to determine your interest rate. The LCBR will change without notice to you as changes occur in the general credit markets, the broker call rate and general industry conditions relating to the extension of margin credit. On demand, you shall pay any balance owing with respect to your accounts, including fees and any costs of collection. All payments received in your account, including dividends, interest, premiums and principal payments may be applied to the balance due in your account. The rate of interest charged for the credit extended to you shall be calculated on a 360-day year and actual days elapsed.
Sample 1
Interest on Margin. The Customer acknowledges and agrees that DBS Xxxxxxx ma y pay interest to the Customer at such rate as it may determine in its sole discretion on any Margin in respect of futures, foreign exchange trading or OTC transactions provided always that DBS Xxxxxxx may always retain the difference between such interest and the actual interest earned by DBS Xxxxxxx on such Margin. DBS Xxxxxxx shall, in this connection, be authorised to withdraw such interest differential from the Customer’s Account and pay the same into DBS Xxxxxxx’ own account.
Sample 1
Interest on Margin. Assuming no event of default has occurred as set forth in Section 4.1 with respect to the Pledgor, the Secured Party will transfer to the Pledgor, by no later than the tenth (10th) day of each month, the interest amount (calculated at a percentage equal to the lesser of (i) [ * * * ] plus [ * * * ] basis points, or (ii) [ * * * ], whereby such interest rate shall be adjusted periodically based upon rates then in effect), attributable to any cash Margin posted by the Pledgor during the time such Margin is held by the Secured Party during the previous month, as calculated by the Valuation Agent. Any such interest amount or portion thereof which is not transferred to the Pledgor pursuant to this Section 3.5 will constitute Posted Margin and will be subject to the security interest granted under Section 3.3.1 of this Master Agreement.
Sample 1
Interest on Margin. Assuming no event of default has occurred as set forth in Section 4.1 with respect to the Pledgor, and to the extent a Delivery Amount would not be created or increased as a result of such payment, the Secured Party will transfer to the Pledgor, by no later than the tenth (10th) day of each month, the interest amount, calculated at LIBOR, attributable to any cash Margin posted by the Pledgor during the time such Margin is held by the Secured Party during the previous month, as calculated by the Valuation Agent. Any such interest amount or portion thereof which is not transferred to the Pledgor pursuant to this Section 3.6 will constitute Posted Margin and will be subject to the security interest granted under Section 3.4 of this Master Agreement.
Sample 1
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Interest on Margin. Interest incurs on Clients’ overnight debit or credit balance, and is charged or credited to equities and Options Accounts midmonth. The following rates apply on overnight balances. Please note that these rates are subject to change without notice. For more information, please contact a Questrade Client services specialist at 416.227.9876 or toll-free at 1.888.783.7866. CAD EFFECTIVE DATE USD EFFECTIVE DATE Current prime rate 2.70% July 16, 2015 3.25% December 17, 2008 Debit (Payable by client for margin) CAD CAD RSP USD USD RSP Under $100,000 debit balance CAD prime +3.50% N/A USD prime +3.50% N/A Over $100,000 debit balance CAD prime +2.50% N/A USD prime +2.50% N/A Debit (Payable by client for margin) CAD CAD RSP USD USD RSP Under $250,000 CAD prime -4.5%1 CAD prime -4.5%1 USD prime -5.25%1 USD prime -6%1 $250,000 + CAD prime -4%1 CAD prime -4.5%1 USD prime -4.75%1 USD prime -6%1 Note: clients will be charged interest if the accrued amount owing is $1.00 or more for the month. Margin accounts will earn interest if the accrued amount owing is $10.00 or more for the month. Registered accounts will earn interest if the accrued amount owing is $0.01 or more for the month. Balances are calculated using the average daily debit/credit balance for the interest period.
Sample 1

Related to Interest on Margin

  • Interest on Arrears Any interest instalment unpaid on maturity shall yield interest, of right and without formal notice, at the same rate as applicable to the portion of the loan whose interest is unpaid on maturity, such interest being payable to the Lender on request.

  • Interest on Loans (a) Except as otherwise set forth herein, each Class of Loan shall bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof as follows:

  • Interest on Advances Each Borrower shall pay interest on the unpaid principal amount of each Advance made to such Borrower by each Bank from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Interest on Term Loans The outstanding principal amount of each Term Loan made by each Lender shall bear interest at a fluctuating rate per annum that shall at all times be equal to (i) during such periods as such Term Loan is a Base Rate Loan, the Base Rate plus the Applicable Margin in effect from time to time, and (ii) during such periods as such Term Loan is a Eurodollar Loan, the relevant Adjusted Eurodollar Rate for such Eurodollar Loan for the applicable Interest Period plus the Applicable Margin in effect from time to time.

  • Interest on Late Payments a. State Agencies The payment of interest on certain payments due and owed by Agency may be made in accordance with Article 11-A of the State Finance Law (SFL §179-d et. Seq.) and Title 2 of the New York Code of Rules and Regulations, Part 18 (Implementation of Prompt Payment Legislation -2 NYCRR §18.1 et seq.).

  • Interest on late payment Subject to clause 9.7, the Trader or the Distributor (as the case may be) must pay any Tax Invoice issued under this clause 9. If any part of a Tax Invoice that is properly due in accordance with this Agreement is not paid by the due date, Default Interest may be charged on the outstanding amount for the period that the Tax Invoice remains unpaid.

  • Interest on Overdue Amounts 22.1 Any Licence Fee which is payable and remains unpaid for a period in excess of 30 (thirty) days from the date of the invoice, will attract interest at the current legal rate, calculated in accordance with the interest rate prescribed by the Minister of Justice in accordance with the Prescribed Rate of Interest Act 55 of 1975, as amended.

  • Interest on Overdue Payments (a) If, for any reason, a Party does not pay an amount payable under or in connection with this Agreement on or before the due date for payment, it must pay interest to the other Party (who is entitled to receive the payment).

  • Interest on Payments Any payment by the Receiver pursuant to Section 2.6(d) shall be made together with interest on the amount thereof that accrues with effect from five (5) Business Days after the date on which payment was agreed or determined to be due until such amount is paid. The annual interest rate shall be determined by the Receiver based on the coupon equivalent of the three (3)-month U.S. Treasury Xxxx Rate in effect as of the first Business Day of each Calendar Quarter during which such interest accrues as reported in the Federal Reserve Board Statistical Release for Selected Interest Rates H.15 opposite the caption “Treasury bills (secondary market), 3-Month” or, if not so reported for such day, for the next preceding Business Day for which such rate was so reported.

  • Interest on Unpaid Balances Interest on any unpaid amount (including amounts placed in escrow) shall be calculated in accordance with the method specified for interest on refunds in the Commission’s regulations at 18 C.F.R. § 35.19a (a)(2)(iii). Interest on unpaid amounts shall be calculated from the due date of the xxxx to the date of payment. Invoices shall be considered as having been paid on the date of receipt of payment.

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