Examples of Rate Period in a sentence
However, no such change will be made during any Fixed Interest Rate Period; and • the excess interest rate which applies to the loan or facility if the credit limit is exceeded.
If a fixed ANZ interest rate applies to your loan, at the end of any Fixed Interest Rate Period, you may apply for another Fixed Interest Rate Period and, if ANZ agrees to your request, you will be advised of any extra or varied terms which will apply.
During the Floating Rate Period, interest will be payable quarterly in arrear on December 10, 2034, March 10, 2035, June 10, 2035, and the Maturity Date (each a “Floating Rate Period Interest Payment Date” and together with the Fixed Rate Period Interest Payment Dates, each an “Interest Payment Date”).
If any scheduled Floating Rate Period Interest Payment Date, other than the applicable Maturity Date, would fall on a day that is not a Business Day, such Floating Rate Period Interest Payment Date will be postponed to the next succeeding Business Day, except that if that Business Day falls in the next succeeding calendar month, the Floating Rate Period Interest Payment Date will be the immediately preceding Business Day.
Where you have not arranged another Fixed Interest Rate Period, your interest rate will automatically change to the variable ANZ interest rate for your Loan.