Credit Interest definition

Credit Interest means the amount of interest that We will pay You;

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Credit Interest means interest We pay You or interest You pay Us on credit balances in Your

Credit Interest means interest You receive on cleared funds in Your Account;

Examples of Credit Interest in a sentence

This type of account may not retain excess cash balances in Credit Interest (CIP).
Any changes in the Regular Line of Credit Interest Rate resulting from a change in the Prime Rate shall take effect without notice at the time the Prime Rate is set.
At the end of any Line of Credit Applicable Interest Period, the interest rate will revert to the Regular Line of Credit Interest Rate, unless Borrower has designated another Optional Line of Credit Interest Rate for that Line of Credit LIBO Rate Portion.
Upon the request of any Lender from time to time, the Issuing Lenders shall deliver any other information reasonably requested by such Lender with respect to each Letter of Credit then outstanding in which such Lender holds a Letter of Credit Interest.
Interest on advances on the Line of Credit shall accrue at the Prime Rate (P+0.00%) per annum in effect from time to time, but in no event shall interest accrue at less than four percent (4.00%) per annum (the “Regular Line of Credit Interest Rate”).
Interest on advances on the Line of Credit shall accrue at the Prime Rate (P+0.00%) per annum in effect from time to time but in no event shall the interest rate be less than four percent (4.00%) per annum (the “Regular Line of Credit Interest Rate”).
Furthermore, any Bank or Issuing Bank may assign, as collateral or otherwise, any of its rights (including rights to payments of principal of and/or interest on its Letter of Credit Interest or Revolving Credit Advances made by such Bank) under this Agreement, its Notes or any of its Letter of Credit Interest to any Federal Reserve Bank without notice to or consent of any Borrower, the Issuing Banks or the Agent.
Borrower shall pay interest monthly in arrears on the outstanding balance under the Line of Credit commencing on June 1, 2011, and then on the first Banking Day of each month thereafter, except that interest accruing at the Optional Line of Credit Interest Rate shall be due at the end of the applicable Interest Rate Period.
The Borrower hereby unconditionally agrees to pay and reimburse the Agent for the account of the Issuing Bank and the other Banks with respect to their Letter of Credit Interest for the amount of each demand for payment under such Letter of Credit at or prior to the date on which payment is to be made by the Issuing Bank to the beneficiary under such Letter of Credit, without presentment, demand, protest or other formalities of any kind.
The agreements in this Section 10.10 shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender, the repayment of the Loans and Reimbursement Obligations and the termination of the Commitments and, in the case of any Lender that may assign any interest in its Commitments, Loans or Letter of Credit Interest hereunder, shall survive the making of such assignment.

More Definitions of Credit Interest

Credit Interest means the interest on Participant Contributions made from the appropriate Group Annuity Contract at a rate of four percent (4%) per annum (or at such other rate as may be established from time to time by the Employer) compounded annually from January 1, next succeeding the date when such Participant Contributions are made to the first day of the calendar month which coincides with, or next precedes, the date of the Participant's death prior to retirement, termination of employment or his/her actual retirement date, whichever is applicable. The Credited Interest applicable to Participant Contributions made under the Prior Group Annuity Contracts shall be determined and payable in accordance with the provisions of the Prior Group Annuity Contracts.

Credit Interest has the meaning set forth in the Long-Term Oil Supply Agreement.

Credit Interest means, with respect to any Quarter, the amount of interest calculated for such Quarter (other than any period during which processing at the Refinery is curtailed resulting in an extension of the Guarantee Period under Article 16.5) at LIBOR plus one percent on the sum (if greater than zero) of (i) the aggregate of all credits calculated pursuant to Article 17(a) for all prior Quarters, plus (ii) the aggregate amount of Credit Interest for all prior Quarters, minus (iii) the aggregate of all premiums calculated pursuant to Article 18(a) for all prior Quarters.

Credit Interest means the rate of interest accruing to credit balances in the Account.

Credit Interest means any accrued but unpaid interest and Commitment Fees (as defined in the Company Debt) relating to the Company Debt at the time immediately prior to Closing.