Bank’s Interest definition
Examples of Bank’s Interest in a sentence
Borrower hereby authorizes Bank to file UCC financing statements without notice to Borrower, with all appropriate jurisdictions, as Bank deems appropriate, in order to further perfect or protect Bank’s Interest in the Collateral, including a notice that any disposition of the Collateral, by either the Borrower or any other Person, shall be deemed to violate the rights of the Bank under the Code.
The aggregate amount of such loans, together with the unpaid interest accrued thereon, will at no time exceed the lesser of (a) the Bank’s Interest in the Policy or (b) the loan value of the Policy as determined by the Insurer.
Default interest rate, unless otherwise agreed in a specific Agreement between the Bank and the Client, shall correspond to the basic interest rate specified for the referred contractual relationship between the Bank and the Client (reference rate) increased by the percentage interest rate defined in the Bank’s Interest Rates, per annum.
Similarly, the Bank shall apply a value date on these transactions, according to the Bank’s Interest Rates and Price Bulletins, which shall be notified to the public, as mentioned above.
The fee amount, as well as the other charges applying from time to time, shall be set out in the Bank’s Interest Rates and Price Bulletins, which shall be available to the Holder according to those provided for in the applicable regulatory provisions and posted at the Branches and on the website of the Bank.
The Bank agrees to make the Policy available at reasonable times to the Trustee or the Insurer for the purpose of endorsing or filing any change of beneficiary on the Policy for the portion of the death proceeds that is in excess of the Bank’s Interest in the Policy, but the Policy shall thereafter be promptly returned to the Bank.
The Bank shall be entitled to charge with costs some or all transactions conducted by using the Card in all devices and means it may be used, according to the Bank’s Interest Rates and Price Bulletins, which shall be available to the Holder according to those provided for in the applicable regulatory provisions and posted at the Branches and on the website of the Bank.
On the bank accounts opened, the Bank shall apply the interest rates set out in the Bank’s Interest Rate Bulletin.
The Bank agrees to make the Policy available at reasonable times to the insured for the purpose of endorsing or filing any change of beneficiary on the Policy for the portion of the death proceeds that is unrelated to the Bank’s Interest in the Policy, but the Policy shall thereafter be promptly returned to the Bank.
The Trustees will have rights set out in Section 2 hereof with respect to the death benefit provided under the Policy to be held in Trust for the benefit of the Trust’s beneficiary or beneficiaries in excess of the Bank’s Interest in the Policy.