Rates of Interest on Cash Advances Clause Samples

The 'Rates of Interest on Cash Advances' clause defines the specific interest rate that will be applied to any cash advances made under the agreement. Typically, this clause outlines how the interest is calculated, whether it is a fixed or variable rate, and when it begins to accrue—often from the date the advance is made until it is repaid. By clearly specifying the cost of borrowing cash, this clause ensures both parties understand the financial implications of taking a cash advance and helps prevent disputes over interest charges.