Index charge definition

Index charge means any rate deducted from the external-index value in the calculation of index credit rate. This term shall include terms such as “Interest spread”, “Asset expense charge”, “Asset management charge”, “Administrative fee” , etc.
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Examples of Index charge in a sentence

  • If Tenant fails to timely submit to Landlord either the monthly or annual written statement described in this Section 6.02, Tenant shall pay to Landlord, as additional rent and without limiting any other remedy Landlord may have against Tenant under this lease as a result of this breach, a $100.00 (increased each year according to the Index) charge for each and every month that the Tenant fails to timely submit such written statement.

  • If Tenant fails to timely submit to Owner either the monthly or annual written statement described in this Section 6.02, Tenant shall pay to Owner, as additional rent and without limiting any other remedy Owner may have against Tenant under this Lease as a result for this breach, a $100.00 (increased on January 1 of each year of the Term according to increases in the Index) charge for each and every month that Tenant fails to timely submit such written statement.