Monthly Interest Rate means the prevailing Interest Rate for Ready Credit accounts that is charged to any or all of the following: (i) on fees and charges , including the interest on the said fees and charges, if I opt to pay 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; and (iii) on my Cash Advance transactions which is charged 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.
Monthly Interest Rate or “Interest Rate” means the monthly revolving rate of interest used for computing the Monthly Interest Charge, as reflected in the Application Form, as may be amended from time to time.
Monthly Interest Rate means interest on all amounts due under this Agreement (including, without limitation, Debt Service, Accrued Interest and the Exit Fee) at a rate equal to (a) LIBOR plus 7.20%.
Examples of Monthly Interest Rate in a sentence
The loan- to-value ratio is the average ratio for single family newly-built home mortgages (Federal Housing Finance Agency, Monthly Interest Rate Survey, Table 10); the tax rate is a NIPA-based estimate.
Science Teacher, long-term substitute, effective October 29, 2012 through the remainder of the 2012-2013 school year.Board of Education Meeting Personnel SummaryNovember 15, 2012 Page 2 of 3 IV.
Monthly Interest Rate - Interest Income (Expense) - Notes: 1) From Attachment 1, line 15, col.
This is slightly higher than actual initial mortgage fees, which averaged approximately 0.5% during this period according to the Federal Housing Financing Board’s Monthly Interest Rate Survey.Homeowners wishing to take out loans with LTV greater than 0.8 must pay a fraction k2 =.07 of the entire balance.
During the course of the year, the two £15 million revolving credit facilities with ING Bank (that expired in December 2016 and February 2017) were replaced by a Fixed Rate Term Loan of £20 million and a £10 million Revolving Credit Facility.
More Definitions of Monthly Interest Rate
Monthly Interest Rate means interest calculated on the Outstanding Principal Balance of the Loan at a rate equal to (a) LIBOR plus 8.75% or, as applicable, the Prime Rate plus the Prime Rate Spread.
Monthly Interest Rate. (a) the rate of interest per annum determined by the Remarketing Agent, on the Interest Rate Determination Date immediately preceding the applicable Interest Rate Adjustment Date, to be the lowest interest rate for the Interest Rate Period commencing on the applicable Interest Rate Adjustment Date to and including the day preceding the first Business Day of the next month, in the judgment of the Remarketing Agent (taking into consideration current transactions and comparable securities with which the Remarketing Agent is involved or of which it is aware and prevailing financial market conditions) at which, as of such Interest Rate Determination Date, the Bonds could be remarketed at par, plus the accrued interest (if any) on the Interest Rate Adjustment Date for that Interest Rate Period or (b) in the event that the Remarketing Agent has been removed or has resigned and no successor has been appointed, or the Remarketing Agent has failed to determine the Monthly Interest Rate for whatever reason, or the Monthly Interest Rate cannot be determined pursuant to clause (a) for whatever reason, the interest rate then in effect with respect to the Bonds, without adjustment; provided that in no event shall the Monthly Interest Rate exceed the Maximum Rate.
Monthly Interest Rate means the interest rate set by the Bank each month.
Monthly Interest Rate. One Percent (1.0%). Interest accruing under this Note shall be computed on the basis of a 360-day year and shall be assessed for the actual number of days elapsed.
Monthly Interest Rate. Enter the monthly interest rate. • Assessment Fee Split: Select an option from the drop down. • Assessment Item Type: Select Payment Plan Charge from the list of values.
Monthly Interest Rate means the interest rate applicable to the 95 Day Notice Account set by the Bank each month;
Monthly Interest Rate means (a) the rate of interest per annum determined by the Remarketing Agent, on the Interest Rate Determination Date immediately preceding the applicable Interest Rate Adjustment Date, to be the lowest interest rate for the Interest Rate Period commencing on the applicable Interest Rate Adjustment Date to and including the day preceding the first Business Day of the next month or, in the case of the Interest Rate Period commencing on the Closing Date, the first Business Day of the month which is at least twenty days after the Closing Date, in the judgment of the Remarketing Agent (taking into consideration current transactions and comparable securities with which the Remarketing Agent is involved or of which it is aware and prevailing financial market conditions) at which, as of such Interest Rate Determination Date, the Bonds could be remarketed at par, plus accrued interest (if any) on the Interest Rate Adjustment Date for that Interest Rate Period or (b) in the event that the Remarketing Agent has been removed or has resigned and no successor has been appointed, or the Remarketing Agent has failed to determine the Monthly Interest Rate for whatever reason, or the Monthly Interest Rate cannot be determined pursuant to clause (a) for whatever reason, the interest rate then in effect with respect to the Bonds, without adjustment; provided that in no event shall the Monthly Interest Rate exceed the Maximum Rate.