COMPUTING INTEREST definition

COMPUTING INTEREST. We figure the interest on your account for each billing cycle by multiplying the monthly periodic rate then in effect times the average daily balances of the purchase and cash advance portions of your account. The average daily balances are computed as follows:
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Examples of COMPUTING INTEREST in a sentence

  • FOR PURPOSES OF COMPUTING INTEREST AND FEES AND DETERMINING THE REVOLVING CREDIT BORROWING AVAILABILITY, ALL PAYMENTS (INCLUDING, WITHOUT LIMITATION, CASH SWEEPS) CONSISTING OF CASH, WIRE, OR ELECTRONIC TRANSFERS IN IMMEDIATELY AVAILABLE/COLLECTED FUNDS SHALL BE DEEMED RECEIVED BY AGENT ON THE BUSINESS DAY OF SUCH DEPOSIT IN THE COLLECTION ACCOUNT.

  • THE METHOD OF COMPUTING INTEREST IS AS FOLLOWS: Interest is accrued daily on all funds owed to U.S. Bancorp ▇▇▇▇▇ ▇▇▇▇▇▇▇ (debit balances).

  • THE METHOD OF COMPUTING INTEREST IS AS FOLLOWS: Interest is accrued daily on all funds owed to ▇▇▇▇▇ ▇▇▇▇▇▇▇ (debit balances).

  • IN CONSIDERATION FOR THE AGENT'S AGREEMENT TO CREDIT THE COLLATERAL ACCOUNT AS OF THE BUSINESS DAY ON WHICH THE AGENT RECEIVES ITEMS OF PAYMENT AND TO REIMBURSE THE AGENT FOR THE COST OF DELAYS IN THE COLLECTION AND CLEARANCE OF ITEMS OF PAYMENT, THE BORROWER, FOST▇▇ ▇▇▇▇▇ ▇▇▇ FANTASMA HEREBY CONSENT AND AGREE THAT IN COMPUTING INTEREST ON THE OBLIGATIONS ALL ITEMS OF PAYMENT SHALL BE DEEMED RECEIVED BY THE AGENT ONE (1) BUSINESS DAY AFTER THE AGENT'S ACTUAL RECEIPT THEREOF.

  • IF ANY PAYMENT UNDER THIS AGREEMENT OR THE TERM NOTE SHALL BE SPECIFIED TO BE MADE ON A DAY WHICH IS NOT A BUSINESS DAY, IT SHALL BE MADE ON THE NEXT SUCCEEDING DAY WHICH IS A BUSINESS DAY AND SUCH EXTENSION OF TIME SHALL IN SUCH CASE BE INCLUDED IN COMPUTING INTEREST, IF ANY, IN CONNECTION WITH SUCH PAYMENT.

  • IF ANY PAYMENT TO BE MADE BY THE BORROWER SHALL COME DUE ON A DAY OTHER THAN A BUSINESS DAY, PAYMENT SHALL BE MADE ON THE NEXT FOLLOWING BUSINESS DAY, AND SUCH EXTENSION OF TIME SHALL BE REFLECTED IN COMPUTING INTEREST OR FEES, AS THE CASE MAY BE.

  • IF ANY PAYMENT TO BE MADE BY THE COMPANY SHALL COME DUE ON A DAY OTHER THAN A BUSINESS DAY, PAYMENT SHALL BE MADE ON THE NEXT FOLLOWING BUSINESS DAY, AND SUCH EXTENSION OF TIME SHALL BE REFLECTED IN COMPUTING INTEREST OR FEES, AS THE CASE MAY BE.