Credit Interest definition

Credit Interest means the amount of interest that We will pay You;

Credit Interest means interest We pay You or interest You pay Us on credit balances in Your

Credit Interest means interest You receive on cleared funds in Your Account;

Examples of Credit Interest in a sentence

• This type of account may not retain excess cash balances in Credit Interest (CIP).

• Monthly installment amount; consists of the Principal Amount, Credit Interest, BITT, and RUSF, as stipulated in the repayment schedule.

• This type of account may not retain excess cash balances in Credit Interest Pending (CIP) account.

• Credit Interest Program (“CIP”) represents our direct obligation to repay the invested amount, on demand, plus interest.

• R43-75 Credit Interest Rate NB: The Interest Rate paid on daily credit balances of the cheque accounts 0,10% Overdraft Facility Rate NB: The overdraft facility rates as well as the rates levied for all asset base finance will be at the bank prime lending rate plus one percent.

• Conditions applicable to Normal Credit Normal Credit Interest Rate: 29.9% per annum (variable).

• If your account is ineligible it will be set to sweep to Credit Interest (CIP) or to a selected money market fund.

• From October 1, 2008 up to and including the Transition Termination Date, an Interest Offset Credit shall be earned daily in an amount equal to the sum of: (i) the Interest Offset Credit Accrual Balance (if any) as of the end of the subject day times the Long-Term Interest Offset Credit Interest Rate, and (ii) the Short-Term Advance Balance (if any) as of the end of the subject day times the Short-Term Interest Offset Credit Interest Rate.

• At the end of any Line of Credit Applicable Interest Period, the interest rate will revert to the Regular Line of Credit Interest Rate, unless Borrower has designated another Optional Line of Credit Interest Rate for that Line of Credit LIBO Rate Portion.

• Each year you will receive a statement that shows your balance under the Individual Retirement Plan, including your most recent Company Contribution Credit, Interest Credit and total balance as of September 30 of the prior year.

More Definitions of Credit Interest

Credit Interest means the interest on Participant Contributions made from the appropriate Group Annuity Contract at a rate of four percent (4%) per annum (or at such other rate as may be established from time to time by the Employer) compounded annually from January 1, next succeeding the date when such Participant Contributions are made to the first day of the calendar month which coincides with, or next precedes, the date of the Participant's death prior to retirement, termination of employment or his/her actual retirement date, whichever is applicable. The Credited Interest applicable to Participant Contributions made under the Prior Group Annuity Contracts shall be determined and payable in accordance with the provisions of the Prior Group Annuity Contracts.

Credit Interest means the rate of interest accruing to credit balances in the Account.

Credit Interest means, with respect to any Quarter, the amount of interest calculated for such Quarter (other than any period during which processing at the Refinery is curtailed resulting in an extension of the Guarantee Period under Article 16.5) at LIBOR plus one percent on the sum (if greater than zero) of (i) the aggregate of all credits calculated pursuant to Article 17(a) for all prior Quarters, plus (ii) the aggregate amount of Credit Interest for all prior Quarters, minus (iii) the aggregate of all premiums calculated pursuant to Article 18(a) for all prior Quarters.

Credit Interest means any accrued but unpaid interest and Commitment Fees (as defined in the Company Debt) relating to the Company Debt at the time immediately prior to Closing.

Credit Interest has the meaning set forth in the Long-Term Oil Supply Agreement.