VARIABLE RATE INFORMATION definition

VARIABLE RATE INFORMATION. The Annual Percentage Rate will vary with the market based on the Prime Rate (Index), and may increase or decrease as the Prime Rate increases or decreases. We calculate your variable rate by adding a percentage (Margin) to the U.S. Prime Rate published in The Wall Street Journal on the last business day of each month. For Credit Tier 1 applicants we add 8.00% to the Prime Rate, for Credit Tier 2 applicants we add 10.00% to the Prime Rate, and for Credit Tier 3 applicants we add 12.00% to the Prime Rate.
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VARIABLE RATE INFORMATION. If any Annual Percentage Rate is variable, your rate is determined by adding the applicable Margin to the applicable Index (in some cases, the applicable Margin may be subtracted from the applicable Index). The daily periodic rate is 1/365th (1/366th during leap years) of the Annual Percentage Rate. The Schedule will show if you have a variable rate and will describe your Index and Margin. An increase in the Index will increase the applicable Annual Percentage Rate and daily periodic rate, which may increase the minimum payment due on your account.
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VARIABLE RATE INFORMATION. If any Annual Percentage Rate is variable, your rate is determined by adding the applicable Margin to the applicable Index (in some cases, the applicable Margin may be subtracted from the applicable Index). The daily periodic rate is 1/365th (1/366th during leap years) of the Annual Percentage Rate. The Schedule will show if you have a variable rate and will describe your Index and Margin. An increase in the Index will increase the applicable Annual Percentage Rate and daily periodic rate, which may increase the minimum payment due on your account. The Margin used for Purchases and Balance Transfers will not increase during the life of your account unless the applicable Index becomes unavailable and we are permitted by applicable law to use a replacement Index and Margin. The Margin for Cash Advances and Special Offers may increase.
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Examples of VARIABLE RATE INFORMATION in a sentence

  • VARIABLE RATE INFORMATION: If any Annual Percentage Rate is variable, Your rate is determined by adding the applicable margin to the applicable Index, as described in the Disclosure.

  • VARIABLE RATE INFORMATION – The interest rate of your Deposit Account will be determined by the rate in effect when funds are deposited to the Deposit Account, however the interest rate and annual percentage yield may change.

  • VARIABLE RATE INFORMATION – The interest rate of your account will be determined by the rate in effect when funds are deposited to the account, however the interest rate and annual percentage yield may change.

  • VARIABLE RATE INFORMATION If your daily balance is equal to or greater than $1,500.00, the interest rate paid on the entire balance in your account will be 0.03% with an annual percentage yield of 0.03%.

  • Refer to the “SAVINGS ACCOUNTS” section above for details on the REQUIRED MAIN SAVINGS ACCOUNT, INCLUDING REQUIRED MAIN SAVINGS ACCOUNT, MINIMUM DEPOSIT AND BALANCE REQUIREMENTS, MINIMUM BALANCE REQUIREMENT TO EARN DIVIDENDS, DIVIDEND RATE AND ANNUAL PERCENTAGE YIELD, DIVIDENDS AND VARIABLE RATE INFORMATION, and SAVINGS DIVIDEND RATES ARE BASED ON YOUR ACCOUNT BALANCE.

  • DIVIDENDS AND VARIABLE RATE INFORMATION Savings Accounts, Extra Savings Accounts, and Holiday and Vacation Club Accounts are variable rate accounts and the Dividend Rate and Annual Percentage Yield may change weekly, as determined by Logix’s Board of Directors, or its designees, without prior notice to you.

  • Refer to the “SAVINGS ACCOUNTS” section above for details on the REQUIRED MAIN SAVINGS ACCOUNT, INCLUDING REQUIRED MAIN SAVINGS ACCOUNT, MINIMUM DEPOSIT AND BALANCE REQUIREMENTS, MINIMUM BALANCE REQUIREMENT TO EARN DIVIDENDS, DIVIDEND RATE AND ANNUAL PERCENTAGE YIELD, DIVIDENDS AND VARIABLE RATE INFORMATION, SAVINGS DIVIDEND RATES ARE BASED ON YOUR ACCOUNT BALANCE, and TRANSACTION LIMITATIONS.

  • In any event, itconsiders that in this case the issue of compliance with the law is indissociable from the question whether the interference was “necessary in a democratic society”.

  • SPECIFIC TERMS APPLICABLE TO YOUR SAVINGS ACCOUNT TIERED VARIABLE RATE INFORMATION.

  • VARIABLE RATE INFORMATION Variable rate based on Wall Street Journal Prime + margin of 7%; rate can change at the end of the calendar quarter.

Related to VARIABLE RATE INFORMATION

  • Variable Rate means a per annum rate of interest, equal to LIBOR plus 1.48%, as determined on the LIBOR Determination Date preceding each Interest Payment Date, reset quarterly, commencing upon expiration of the Fixed Rate Period.

  • Variable Rate Bonds means Current Interest Bonds, which may be either Serial Bonds or Term Bonds, issued with a variable, adjustable, convertible or other similar interest rate which is not fixed in percentage for the entire term thereof at the date of issue, which Bonds may also be Option Bonds. Section 102.Rules of Construction. Words of the masculine gender shall be deemed and construed to include correlative words of the feminine and neuter genders. Unless the context shall otherwise indicate, the words "Bond," "Escrow Agent," "Owner," "person," "Paying Agent," and "Bond Registrar" shall include the plural as well as the singular number and the word "person" shall mean any individual, corporation partnership, joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. All references to applicable provisions of Law shall be deemed to include any and all amendments thereto.

  • Variable Rate Indebtedness means any portion of indebtedness or other payment obligations, the interest rate on which is not established at the time of incurrence and has not at some subsequent date been established at a single numerical rate for the entire term thereof.

  • Variable Rate Transaction shall have the meaning ascribed to such term in Section 4.12(b).

  • Comparable Rates means rates payable by the Comparison Group for Comparable Services so as to be fair comparable rate with the Framework Prices;

  • Maximum Applicable Rate with respect to APS, has the meaning set forth in Section 11.10(a)(vii) of these Bylaws.

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on April 1, 2022 and ending on and including March 31, 2027 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including March 31 in the fifth year thereafter.

  • Fixed Rate Period has the meaning set forth in Section 2.5(b)(i) hereof.

  • Periodic Rate Floor With respect to each Adjustable Rate Mortgage Loan, the provision of each Mortgage Note which provides for an absolute maximum amount by which the Mortgage Interest Rate therein may decrease on an Interest Rate Adjustment Date below the Mortgage Interest Rate previously in effect. Person: Any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization, government or any agency or political subdivision thereof.

  • Interest Rate Period means that period of time for which the interest rate with respect to the Bonds has been determined by the Remarketing Agent or otherwise as provided in the definition of the applicable Interest Rate Mode, commencing on the applicable Interest Rate Adjustment Date, and terminating on the day immediately preceding the following Interest Rate Adjustment Date, if any.

  • available rate of exchange means the rate at which the Creditor Party concerned is able at the opening of business (London time) on the Business Day after it receives the sum concerned to purchase the Contractual Currency with the Payment Currency. This Clause 21.4 creates a separate liability of the Borrower which is distinct from its other liabilities under the Finance Documents and which shall not be merged in any judgment or order relating to those other liabilities.

  • Taxable Rate means, with respect to a Taxable Period, the product of (i) the average interest rate on the Bonds during such period and (ii) 1.54.

  • Applicable Rate means a percentage per annum equal to:

  • Base Rate Term Loan means a Term Loan that is a Base Rate Loan.

  • Weekly Rate Period means any period of time during which a Group of 2020 Series D Variable Rate Bonds bears interest at the Weekly Rate.

  • Fixed Rate Term means a period commencing on a Business Day and continuing for 1, 2 or 3 months, as designated by Borrower, during which all or a portion of the outstanding principal balance of this Note bears interest determined in relation to LIBOR; provided however, that no Fixed Rate Term may be selected for a principal amount less than $100,000.00; and provided further, that no Fixed Rate Term shall extend beyond the scheduled maturity date hereof. If any Fixed Rate Term would end on a day which is not a Business Day, then such Fixed Rate Term shall be extended to the next succeeding Business Day.

  • Daily Rate Period means a period commencing on one Business Day and extending to, but not including, the next succeeding Business Day, during which Multi-Modal Bonds bear interest at the Daily Rate.

  • Variable Interest Rate means any interest rate that does not qualify as a fixed credit interest rate;

  • Special Rate Period with respect to the VRDP Shares, has the meaning specified in paragraph (a) of Section 4 of Part I of the Articles Supplementary.

  • Applicable Margins means collectively the Applicable Revolver Index Margin, the Applicable Term Loan Index Margin, the Applicable Revolver LIBOR Margin and the Applicable Term Loan LIBOR Margin.

  • Floating Rate Period has the meaning set forth in section 2.5(b)(ii) hereof.

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on March 20, 2020 and ending on and including June 19, 2020, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Applicable Rating means the rating assigned to each Class of the Series 2013-T3 Notes by S&P, as the Note Rating Agency, upon the issuance of such Class as set forth below:

  • Fixed Rate Calculation Date means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period.

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.