Overdraft Rate means the per annum rate of interest, regardless of compounding frequency, designated by the Financial Institution as its “Overdraft Rate” from time to time.
Overdraft Rate means with respect to an Account for any calendar day during any calendar month a rate equal to one three hundred and sixtieth of the sum of (A) one-half percent, and (B) the greater of (i) the prime commercial lending rate of The Bank of New York, as publicly announced to be in effect from time to time, in effect on such calendar day, and (ii) 6%.
Overdraft Rate means with respect to an Account for any calendar day during any calendar month a rate equal to one three hundred and sixtieth of the sum of (A) one-half percent, and (B) the greater of (i) the prime commercial lending rate of The Bank of New York, as publicly announced to be in effect from time to time, in effect on such calendar day, and (ii) 6 %.
Examples of Overdraft Rate in a sentence
If you do not pay us any sum due under the Contract you will be liable to pay us interest from the due date for payment at a daily rate equal to 2% above the Bank of Ireland AAA Overdraft Rate then in force or, if there is no such rate, then an equivalent rate, accruing on a daily basis until payment is made.
REFERENCE INTEREST RATE 1.1. Minimum Lending Rate (MLR) 1.2. Minimum Overdraft Rate (MOR) 1.3. Minimum Retail Rate (MRR) 1.4. Maximum margin plus to MRR 6.75 % per annum 9.875 % per annum7.75 % per annum 2.00 % per annum 2.
Any agreed amount due by the Contractor to the Contractor not paid on Due Date shall bear interest at the Prime Overdraft Rate plus 2% from the Due Date until the date of payment thereof.
If you overdraw without any prior overdraft agreement, you will be charged interest on the entire overdrawn balance: • at the Bank’s Unauthorised Overdraft Rate prevailing from time to time; and • at the Bank’s Surcharge Rate.
This mandate is codified in DCMR § 16-2304, as well as Rule 10 (Parties; Other Persons Entitled to Notice and Opportunity to Be Heard).
More Definitions of Overdraft Rate
Overdraft Rate means, for any period, a fluctuating interest rate per annum as shall be in effect from time to time, which rate per annum shall at all times be equal to the rate of interest designated and published in London by (a) with respect to Overdraft Loans provided to the Sterling Overdraft Accounts, the principal office of Bank of England in London, England as the “base rate” applicable to Sterling, and (b) with respect to Overdraft Loans provided to the Euro Overdraft Accounts, the principal office of the European Central Bank in London, England, as the “base rate” applicable to Euros.
Overdraft Rate means with respect to an Account for any calendar day during any calendar month a rate equal to one three hundred and sixtieth of the fed funds rate on such date plus 100 basis points (1.00 percent).
Overdraft Rate means the rate of interest equal to 2% above the rate of interest referred to in clause 6.1.1(a).
Overdraft Rate. The interest rate established by us from time to time and charged on overdrafts charged to accounts, which are not covered by overdraft protection.
Overdraft Rate means the average rate per annum charged by Citibank Tanzania Limited, National Bank of Commerce and Standard Chartered Bank Tanzanian Limited (or any other banks selected by the Parties) to cover overdrafts payable in Tanzania Shillings for its corporate clients, determined on the date that any payment was due hereunder.
Overdraft Rate means the per annum rate of interest, regardless of compounding frequency, designated by the Financial Institution as its “Overdraft Rate” from time to time. “PAD” means a Pre-authorized Debit. “Password” means a personal identification number, a personal access code or personal identification word used to access the Account by any means including to conduct a Transaction. “Point-of-Sale Transaction” means the use of the Debit Card as may be permitted from time to time by the Financial Institution for: a) the transfer of funds from the Account to purchase or lease goods or services from a merchant (the “Merchant”), b) the transfer of funds from the Account to obtain a voucher, chit, scrip, token, or other thing that may be exchanged for goods, services, or money, or c) the transfer of funds into the Account from an account of a Merchant (e.g., a refund). “Pre-authorized Debit” means a Transaction debiting the Account that is processed electronically by a financial institution in accordance with a pre-authorized debit agreement entered into by the Depositor. “Primary Depositor” means, for joint Accounts, the first Depositor named on the Personal Contract Application. When the Primary Depositor dies, once the Financial Institution is notified of the death, the next Depositor named on the Personal Contract Application will become the Primary Depositor. “Remote Instructions” means instructions given to the Financial Institution with respect to the operation of the Account from a remote location using a computer, portable hand- held device, telephone, mobile telephone, fax, via the Financial Institution’s online banking system, email, text message transmission, or other remote communication acceptable to the Financial Institution in order to operate the Account or authorize Transactions and make arrangements with the Financial Institution. “Survivor” means, for joint Accounts, upon the death of any Depositor, the surviving Depositor(s). “Third Party” means any person, firm, corporation, association, organization, or entity other than the Depositor, the Financial Institution or Central 1. “Transaction” means any debit or credit transaction processed to or from the Account by any means, including without limitation Point-of-Sale Transactions and transactions originated through an ATM, online, mobile or telephone banking or any other method of Account access that may be made available to the Depositor from time to time. 2.
Overdraft Rate means as of any day, the rate per annum appearing for one calendar month interest periods as of 11:00 a.m. (local time at the office of Europcenter) on the first business day of the month during which such day occurs (i) with respect to any Loan in German Marks, on the FIBO page of the Xxxxxx Screen, (ii) with respect to any Loan in British Pounds, on the LIBP page of the Xxxxxx Screen, (iii) with respect to any Loan in Netherlands Guilders, on the AIBO page of the Xxxxxx Screen, (iv) with respect to any Loan in Swedish Kronor, on the relevant page of the Xxxxxx Screen and (v) with respect to any other currency, the rate per annum appearing on the relevant page of the Xxxxxx Screen with respect to such currency. If two or more rates appear on the relevant page of the Xxxxxx Screen, the Overdraft Rate shall be the arithmetic mean of such rates. If fewer than two rates appear, the Overdraft Rate shall be the rate that appears.