Monthly Finance Charge definition

Monthly Finance Charge means the annualized interest rate divided by 12.
Sample 1
Monthly Finance Charge means the charges from time to time made to a Participant representing such Participant’s allocable share of the Administrative Fees and Expenses, including any adjustments required to be made to any prior Monthly Finance Charges.
Sample 1
Monthly Finance Charge means the annualized interest rate divided by 12. "Operations Procedures" See Exhibit B.
Sample 1

Examples of Monthly Finance Charge in a sentence

  • There will be 3 tiers of Monthly Finance Charge Rates for your Account.

  • We will review your Account on a monthly basis for the preceding 12 months up to the current statement date, to determine the Monthly Finance Charge Rate applicable to your Account.- If you have no more than one missed payment during the preceding 12 month period, the Standard Rate will continue to apply to your Account.- If you have two missed payments during the preceding 12 month period, the Standard Rate will be increased by 2.94% per annum (approx.

  • The equivalent APR will be 43.74%4for Retail Purchases and 46.03%4for Express Cash.(iii)We will give you prior notice of any increase in the Monthly Finance Charge Rate applicable to your Account, as required by the applicable laws.

  • We will review your Account on a monthly basis for the preceding 12 months up to the current statement date, to determine the Monthly Finance Charge Rate applicable to your Account.

  • The equivalent APR will be 43.74%4 for Retail Purchases and 46.03%4 for Express Cash.(iii)We will give you prior notice of any increase in the Monthly Finance Charge Rate applicable to your Account, as required by the applicable laws.

  • We will give you prior notice of any increase in the Monthly Finance Charge Rate applicable to your Account, as required by the applicable laws.

  • We will review your Account on a monthly basis for the preceding 12 months up to the current statement date, to determine the Monthly Finance Charge Rate applicable to your Account.- If you have no more than one missed payment during the preceding 12 month period, the Standard Rate will continue to apply to your Account.- If you have two missed payments during the preceding 12 month period, the Standard Rate will be increased by 2.80% per annum (approx.

  • The equivalent APR will be 42.58%4 for Retail Purchases and 44.83%4 for Express Cash.(iii)We will give you prior notice of any increase in the Monthly Finance Charge Rate applicable to your Account, as required by the applicable laws.

  • We will give you prior notice of any change in the Monthly Finance Charge Rate for Retail Purchase and Cash Advance relevant to your Account, as required by the applicable laws.

  • We reserve the right to vary your Monthly Finance Charge Rate for Retail Purchase and Cash Advance upon reviewing your Account and repayment history from time to time.


More Definitions of Monthly Finance Charge

Monthly Finance Charge means the rate, determined by the Administrator, representing each Participant’s allocable share of the Administrative Expenses.
Sample 1

Related to Monthly Finance Charge

  • Finance charge means that term as defined in section 106 of the truth in lending act, 15 USC 1605.

  • Net Finance Charges means, for the Reference Period, the Finance Charges according to the latest Financial Report(s), after deducting any interest payable for that Reference Period to any member of the Group and any interest income relating to cash or cash equivalent investment.

  • Excess Finance Charge Collections means collections of Finance Charge Receivables and certain other amounts allocable to the Certificateholders’ Interest of any Excess Allocation Series in excess of the amounts necessary to make required payments with respect to such series (including payments to the provider of any related Series Enhancement) that are payable out of collections of Finance Charge Receivables.

  • Finance Charge Shortfall shall have the meaning specified in Section 4.09.

  • Available Finance Charge Collections means, for any Monthly Period, an amount equal to the sum of (a) the Investor Finance Charge Collections for such Monthly Period, (b) the Series 2012-1 Excess Finance Charge Collections for such Monthly Period, (c) Principal Accumulation Investment Proceeds, if any, with respect to the related Transfer Date, (d) interest and earnings on funds on deposit in the Reserve Account which will be deposited into the Finance Charge Account on the related Payment Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(a), and (e) amounts, if any, to be withdrawn from the Reserve Account which will be deposited into the Finance Charge Account on the related Transfer Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(c).

  • Finance Charge Collections means Collections of Finance Charge Receivables.

  • Investor Finance Charge Collections means, for any Monthly Period, an amount equal to the aggregate amount of Finance Charge Collections allocated to the Series issued pursuant to this Indenture Supplement pursuant to Section 4.3(a) for all Dates of Processing during such Monthly Period.

  • Finance Charge Receivables means Receivables created in respect of periodic finance charges, late fees, returned check fees and all other similar fees and charges billed or accrued and unpaid on an Account.

  • Monthly Principal Reallocation Amount means, for any Monthly Period, an amount equal to the sum of:

  • Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.

  • Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.

  • Monthly Charge shall have the meaning set forth in Article 5.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Finance Charge Account is defined in Section 4.9(a).

  • Monthly Servicing Fee shall have the meaning specified in subsection 3.01.

  • Principal Remittance Amount With respect to any Distribution Date, the sum of the Group I Principal Remittance Amount and the Group II Principal Remittance Amount.

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Note Monthly Interest Distributable Amount means, with respect to any Payment Date, interest accrued for the related Interest Accrual Period at the related Interest Rate for each Class of Notes on the Outstanding Amount of the Notes of each such Class on the immediately preceding Payment Date (or, in the case of the first Payment Date, the original principal amount of each such Class of Notes), after giving effect to all distributions of principal to the Noteholders of each such Class on or prior to such Payment Date.

  • Finance Charges means, with respect to a Contract, any finance, interest, late payment charges or similar charges owing by an Obligor pursuant to such Contract.

  • Class A Monthly Principal means the monthly principal distributable in respect of the Class A Certificates as calculated in accordance with subsection 4.07(a).

  • Reallocated Investor Finance Charge Collections means that portion of Group I Investor Finance Charge Collections allocated to Series 1997-1 pursuant to Section 4.10.

  • Note Monthly Principal Distributable Amount means, with respect to any Payment Date, the Note Percentage of the Principal Distributable Amount for such Payment Date.

  • Available Funds Shortfall As defined in Section 3.03(b)(ii)(A).

  • Group I Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group I Mortgage Loans.

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.