Examples of Variable Rate Advances in a sentence
You may obtain Variable Rate Advances at any time, subject to your maximum credit limit, and the terms of your Agreement.
Under the terms of this Home Equity Line of Credit, you may obtain two types of credit advances: Variable Rate Advances; and Fixed Rate Advances.
Variable Rate Advances The minimum variable rate credit advance you can receive is $100.00.
Variable Rate Advances You can obtain credit advances for 120 months (the draw period).
The Annual Percentage Rate (corresponding to the periodic rate) and the minimum payment during the draw and the repayment periods for Variable Rate Advances can change as a result.
The information provided below applies only to any Variable Rate Advances you may obtain under this plan.
All reimbursement obligations relating to letters of credit that are not paid immediately shall be automatically treated as Variable Rate Advances.
The Borrower hereby promises and agrees to pay interest quarterly in arrears on all Variable Rate Advances and LIBOR Advances on March 31, June 30, September 30, and December 31 of each year.
In addition to Borrower’s obligations under any letter of credit application and related agreement pertaining to one or more letters of credit issued by Bank, Borrower agrees to immediately reimburse Bank, upon demand, for all drafts or claims drawn under or made in connection with any letter of credit and any fees, charges and expenses related thereto and also agrees, at sole discretion of Bank, that such reimbursement obligations may be converted automatically to Variable Rate Advances hereunder.
It includes nearly 60,000 residents, covers 5.8 square miles, and expands over sectionsof the city’s Chinatown, downtown, and seaport district as well as Dorchester, Jamaica Plain, Mission Hill, Roxbury, South Boston, and South End.