Minimum Finance Charge definition

Minimum Finance Charge. If periodic rate Finance Charges are billed in any billing cycle, the minimum Billed Periodic Rate Finance Charge will be as shown on the Schedule. We may allocate your minimum Billed Periodic Rate Finance Charge among your various Balance Categories in the manner that we select from time to time. The “minimum Billed Periodic Rate Finance Charge” will appear on your statement as the “Minimum Interest Charge” under the Fees heading.

Minimum Finance Charge is Five Thousand Dollars ($5,000.00).

Minimum Finance Charge is an amount equal to the amount of Finance Charges and Collateral Handling Fees Bank would have earned in any fiscal quarter if the principal amount of outstanding Advances during such quarter averaged Two Million Dollars ($2,000,000.00). For purposes of this calculation, the highest Applicable Rate in effect at any time during such quarter shall used in calculating the Minimum Finance Charge for the entire quarter.

Examples of Minimum Finance Charge in a sentence

• If you are in default, you may no longer qualify for any reduced interest rate Special Promotions and you agree that, at JDF’s option, the APR applicable to any outstanding reduced interest rate Special Promotion(s), may be increased to the APR described in this agreement.A MINIMUM FINANCE CHARGE of One Dollar will be made when the result of the application of the periodic rate(s) to the “Average Daily Balance” is less than One Dollar.MINIMUM REQUIRED PAYMENT.

• I/We agree to pay a MINIMUM FINANCE CHARGE of $2.00 per month on any unpaid balance.

• Past due balances are assessed a FINANCE CHARGE of 1.5 % per month (ANNUAL PERCENTAGE RATE 18%) or the maximum rate authorized by law whichever is lower; MINIMUM FINANCE CHARGE $0.50.

• It is further understood that, at present, a FINANCE CHARGE OF 1.5% per month (annual percentage rate 18%) with a MINIMUM FINANCE CHARGE OF $1.00 per month, is added to our account after all charges, credits, and payments have been posted.The information given herein is offered as a request by the Applicant for an extension of credit for commercial business use only.

• If you are in defaul>, you may no longer qualify for any reduced in>eres> ra>e 2pecial Promo>ions and you agree >ha>, a> JDF's op>ion, >he APR applicable >o any ou>s>anding reduced in>eres> ra>e 2pecial Promo>ion(s), may be increased >o >he APR described in >his agreemen>.A MINIMUM FINANCE CHARGE of One Dollar will be made when >he resul> of >he applica>ion of >he periodic ra>e(s) >o >he "Average Daily Balance” is less >han One Dollar.MINIMUM REQUIRED PAYMENT.

More Definitions of Minimum Finance Charge

Minimum Finance Charge is a minimum monthly Finance Charge of $7,500.00 payable to the Bank.

Minimum Finance Charge is Four Thousand Dollars ($4,000.00).

Minimum Finance Charge is a minimum monthly Finance Charge to be imposed beginning in the first full month of this Agreement, payable in arrears, of Fourteen Thousand Dollars ($14,000.00), which amount shall increase to Twenty Two Thousand Five Hundred Dollars ($22,500.00) when the Cap is Twenty Five Million Dollars ($25,000,000.00) as of the 2004 Closing Date.

Minimum Finance Charge is Two Thousand Dollars ($2,000.00).

Minimum Finance Charge appearing in Section 1 thereof and inserting in lieu thereof the following:

Minimum Finance Charge is Five Thousand Dollars ($5,000.00), provided, however, for any Reconciliation Period during which no Credit Extensions were outstanding at any time under this Agreement and no Advances (as defined in the Exim Agreement) were outstanding under the Exim Agreement, the Minimum Finance Charge shall be Three Thousand Dollars ($3,000.00).”

Minimum Finance Charge means any minimum or fixed finance