Interest Charge definition

Interest Charge means the interest charge specified in the Financing Agreement for the purpose of Section 3.02(b).”

Interest Charge. The charge set forth in the Schedule of Fees and Charges.

Interest Charge is added to read as follows:

Examples of Interest Charge in a sentence

• An Interest Charge computed on a daily periodic rate will begin to accrue for new Purchases, if you do not pay the new balance in full within 25 days after the billing date of the statement on which the new Purchases first appear.

• An Interest Charge computed on a daily periodic rate will begin to accrue on the transaction date of purchases (unless the grace period applies), cash advance(s), and balance transfers, and will continue to be imposed until you have paid any outstanding balance in full.

• The interest rate disclosed on this Business Loan and Security Agreement Supplement (the “Interest Rate”) is the rate of interest calculated by dividing the Interest Charge by the Amount of Loan.

• The Credit Union calculates the Interest Charge as follows: The Interest Charge will be figured by applying the daily periodic rate indicated on the Truth in Lending Disclosure Statement to the average daily balance of purchases, cash advances, and balance transfers multiplied by the number of days in the billing cycle.

• Payment of the New Balance as specified on the Statement of Account, in FULL, is due and payable no later than the Payment Due Date and the Cardmember shall incur no Interest Charge (save in relation to Cash Advances) if payment of the New Balance is received by AEME on or before the Due Date.

More Definitions of Interest Charge

Interest Charge. A Finance Charge attributable to the application of a periodic interest rate.

Interest Charge means interest charged on the following: (i) on fees and charges, including the interest on the said fees and charges, if I opt to pay only the Minimum Amount Due per month; (ii) on the Total Amount Due (less the interest component of the unpaid billed installment amounts of my Installment Loan(s)) when my Ready Credit account is in default at 60 days past due, on my previous and current statements; and (iii) on my Cash Advance transactions starting on the date of the transactions. Such interest is charged based on the daily outstanding balance on my Ready Credit account, which may include unpaid Interest Charges from my previous statements (less the interest component of any outstanding Monthly Installments of my Installment Loan(s))Such interest shall be compounded daily and the interest will continue to accrue until full payment of Total Amount Due plus accrued interest.

Interest Charge means, with respect to any period, the sum (without duplication) of the following (in each case eliminating all offsetting debits and credits between the Borrower and its Subsidiaries and all other items required to be eliminated in the course of the preparation of consolidated financial statements of the Borrower and its Subsidiaries in accordance with GAAP): (a) all interest in respect of Indebtedness of the Borrower and its Subsidiaries (including imputed interest on capital lease obligations) deducted in determining Net Income for such period, and (b) all debt discount and expense amortized or required to be amortized in the determination of Net Income for such period.

Interest Charge means a charge made on the Loan pursuant to Section 3.02;

Interest Charge means a charge made on the Loan pursuant to Section 2.03;

Interest Charge means the interest charge for the purpose of Section 3.07.

Interest Charge is for financing the interest charge on the Loan during the implementation period of the Project. ADB shall be entitled to withdraw from the Loan Account and pay to itself, on behalf of the Borrower, the amounts required to meet payments, when due, of such interest charge.