Overdraft interest Sample Clauses

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.
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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:
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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.
Sample 1
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. Other Charges 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.
Sample 1
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
Sample 1
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.
Sample 1
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. Deposit rate of interest The bank shall pay a floating interest rate on any account balance. The current interest is 0 per cent p.a. on deposits.
Sample 1
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Related to Overdraft interest

  • Parties at Interest The Agreement herein set forth has been and is made solely for the benefit of the Underwriters and the Company and to the extent provided in Section 9 hereof the controlling persons, partners, directors and officers referred to in such Section, and their respective successors, assigns, heirs, personal representatives and executors and administrators. No other person, partnership, association or corporation (including a purchaser, as such purchaser, from any of the Underwriters) shall acquire or have any right under or by virtue of this Agreement.

  • Interim Interest If the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (e) of this Section to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.

  • Default Rate Interest In the event that the Corporation does not make timely payment of all or any portion of a Tax Benefit Payment to a Member on or before the Final Payment Date as determined pursuant to Section 3.1(a), the amount of “Default Rate Interest” calculated in respect of the Net Tax Benefit (including previously accrued Imputed Interest and Extension Rate Interest) for a Taxable Year will equal interest calculated at the Default Rate from the Final Payment Date for a Tax Benefit Payment as determined pursuant to Section 3.1(a) until the date on which the Corporation makes such Tax Benefit Payment to such Member. For the avoidance of doubt, the amount of any Default Rate Interest as determined with respect to any Net Tax Benefit payable by the Corporation to a Member shall be included in the Hypothetical Tax Liability of the Corporation for purposes of calculating Realized Tax Benefits and Realized Tax Detriments pursuant to this Agreement.

  • Interest (a) The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Rate.

  • Repayments Prepayments Interest and Fees SECTION 3.1.

  • Interest and Late Charges If Tenant fails to pay when due any Rent or other amounts or charges which Tenant is obligated to pay under the terms of this Lease, the unpaid amounts shall bear interest at the maximum rate then allowed by law. Tenant acknowledges that the late payment of any Monthly Installment of Base Rent will cause Landlord to lose the use of that money and incur costs and expenses not contemplated under this Lease, including without limitation, administrative and collection costs and processing and accounting expenses, the exact amount of which is extremely difficult to ascertain. Therefore, in addition to interest, if any such installment is not received by Landlord within ten (10) days from the date it is due, Tenant shall pay Landlord a late charge equal to ten percent (10%) of such installment. Landlord and Tenant agree that this late charge represents a reasonable estimate of such costs and expenses and is fair compensation to Landlord for the loss suffered from such nonpayment by Tenant. Acceptance of any interest or late charge shall not constitute a waiver of Tenant's default with respect to such nonpayment by Tenant nor prevent Landlord from exercising any other rights or remedies available to Landlord under this Lease.

  • Interest Due Without limiting any other rights or remedies available to either Party, each Party shall pay the other interest on any payments that are not paid on or before the date such payments are due under this Agreement at a rate of [*] per annum or the maximum applicable legal rate, if less, calculated on the total number of days payment is delinquent.

  • Default Interest; Other Amounts Prior to the occurrence or effective designation of an Early Termination Date in respect of the relevant Transaction, a party that defaults in the performance of any payment obligation will, to the extent permitted by law and subject to Section 6(c), be required to pay interest (before as well as after judgment) on the overdue amount to the other party on demand in the same currency as such overdue amount, for the period from (and including) the original due date for payment to (but excluding) the date of actual payment, at the Default Rate. Such interest will be calculated on the basis of daily compounding and the actual number of days elapsed. If, prior to the occurrence or effective designation of an Early Termination Date in respect of the relevant Transaction, a party defaults in the performance of any obligation required to be settled by delivery, it will compensate the other party on demand if and to the extent provided for in the relevant Confirmation or elsewhere in this Agreement.

  • Swap Account SECTION 4.09. Tax Treatment of Swap Payments and Swap Termination Payments.

  • Interest Payment Dates; Interest and Fee Basis Interest accrued on each Floating Rate Advance shall be payable on each Payment Date, commencing with the first such date to occur after the date hereof, on any date on which the Floating Rate Advance is prepaid, whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Floating Rate Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which such Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurodollar Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month interval during such Interest Period. Interest and commitment fees shall be calculated for actual days elapsed on the basis of a 360-day year, except that interest calculated based on the Prime Rate shall be calculated for actual days elapsed on the basis of a 365, or when appropriate 366, day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment.

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