Overdraft interest Sample Clauses
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Overdraft interest. Interest on all amounts outstanding by way of overdraft under the Working Capital Facility shall accrue at the rate per annum which is the aggregate of:
9.2.1.1 the Margin; and
9.2.1.2 in respect of any amounts denominated in Sterling outstanding under the overdraft the most recently published base rate of the Working Capital Bank from time to time or, in respect of any amounts denominated in the Optional Currency outstanding under the overdraft Canadian LIBOR as quoted in the London financial markets.
Overdraft interest. 5.1 We will calculate overdraft interest daily at the following rates: Arranged Overdraft interest rate 8% per annum above the Bank of England Base Rate (as that rate varies from time to time). This is a Tracker Rate. Unarranged Overdraft interest rate 15% per annum above the Bank of England Base Rate (as that rate varies from time to time). This is a Tracker Rate.
5.2 If overdraft interest is due, we will give you advance notice of the amount payable. We will debit the amount payable from your account 14 days after your next Statement Date (or, if this is not a Working Day, on the next Working Day).
Overdraft interest. The overdraft interest is calculated based on your published □benchmark interest rate/□fixed deposit interest rate index with an additional annual rate of _____% (the current annual rate is ____%)according to the highest overdraft balance of each day from _____ to _________. The interest will be calculated based on the new interest rate adding the above-mentioned additional interest rate ever since the adjustment day when your bank adjusts the benchmark interest rate/fixed deposit interest rate index later. The interest will be settled on of each month and merged into the former principal; the promiser should pay off the excessive amount immediately if the sum of principal and interest exceeds the loan limit, and your bank is entitled to deduct or countervail the excessive amount in the deposit or other fund of promiser. If the promiser does not repay the overdraft on time and/or does not pay off the excessive amount immediately if the sum of principal and interest exceeds the loan limit, the promiser agrees to calculate the interest according to the former interest rate as well as pay the penalty equal to 10% of the former overdraft interest if the overdue period is within 6 months and 20% of the former overdraft interest if the overdue period exceeds 6 months.
Overdraft interest. If the amount of credit is exceeded, annual overdraft interest shall be charged on the credit amount overdraft from the overdraft date to the date on which the overdraft of credit has been eliminated. The amount of overdraft interest is determined in the same way as overdue interest. Overdraft inter-est shall be charged on available funds in the account. Overdraft interest cannot be added to the credit capital.
Overdraft interest. The borrower shall pay a separate interest rate (authorised overdraft interest) on any authorised overdraft. Authorised overdraft interest shall be calculated on the utilised part of the authorised overdraft. If the credit line is overdrawn without prior agreement with the bank, or if the utilisation of the credit facility contravenes any agreements entered into, the borrower shall pay separate overdraft interest on such overdraft. Overdraft interest shall be payable from the first day that the credit facility is overdrawn. The bank shall pay a floating interest rate on any account balance. The current interest is 0 per cent p.a. on deposits.
Overdraft interest. For any drawings against the account which are not covered by a credit balance or a credit line which has been made available (permitted account overdrafts), overdraft interest as set out in the Notice of Charges (Prelsaushang) must be paid. This also applies to business customers. Duties and liability of the Bank and the customer
Overdraft interest. We’ll calculate any interest on the daily overdrawn balance of your account, excluding any previously unpaid overdraft interest . Any overdraft fee or overdraft interest will be taken from your account 21 days after the end of the charging period it was incurred in (or the next business day if this is a non-business day). We’ll give you at least 14 days’ notice of how much we’re going to charge you and when. You’re responsible for paying any costs we reasonably incur to obtain payment of your overdraft (for example, court fees). Any administration charges as set out in the current account fee and charges schedule which are associated with an instruction you have given us, will be collected from your account immediately following receipt of your instruction.