Daily Interest definition

Daily Interest means, with respect to a Lender, for each calendar day of each calendar month, the product of: (a) the outstanding principal amount of Outstandings that are actually funded by Lender pursuant to this Agreement, multiplied by (b) the applicable interest rate set forth in Section 2(a)(vi) of this Agreement.

Daily Interest means, with respect to a Lender, for each calendar day of each calendar month, the product of: (A) the outstanding principal amount of Outstandings that are actually funded by Lender pursuant to this Agreement, multiplied by (B) the applicable interest rate set forth in Section 2(b)(iii) of this Agreement.

Daily Interest means, for any day, an amount equal to the product of (i) the Interest Rate for such day divided by 360 times (ii) the balance of the Loan for such day.

Examples of Daily Interest in a sentence

• This results in daily compounding of interest charges.• At the end of each billing period, we add together each Credit Plan’s Daily Interest Charge and make other adjustments, which gives us the total interest charge.• Your Statement will show a Balance Subject to Interest Rate, which is the sum of the Daily Balances for each day in the billing period divided by the total number of days.Rates• To calculate a variable rate, for each billing period, we use an Index.

• The primary pedestrian route shall feature an adjoining landscaped area on at least one side with trees, shrubs, benches, ground covers or other such materials for no less than fifty percent of the length of the primary pedestrian route.

• Rural Housing Site (RHS) loans and Site Option (SO) loans will be closed and serviced on Daily Interest Accrual under subpart A of part 1951 of this chapter.

• Annual interest amount = $16.95 Step 3: Calculate the Daily Interest Amount 1.

• In the event that excess funds from the benefit fund are available, and the employee is not directing excess funds toward dependent coverage and employee is not participating in a City-sponsored deferred compensation plan, the employee will be automatically enrolled in, and excess funds shall be deposited with, the Great-West Daily Interest Guarantee Fund.

More Definitions of Daily Interest

Daily Interest means the total interest divided by the number of days in the first coupon.

Daily Interest is defined in Section 3.1.1.

Daily Interest means interest calculated in accordance with condition

Daily Interest means that interest is calculated on a 365-day year and the actual number of days between payments. Payoff Documents (choose one) Weststar Pacific Mortgage is named as trustee in the Deed of Trust EXECUTED BUT UNRECORDED Release document is provided Special Instructions Noted on servicing instruction sheet Due in full date (if applicable) Prepayment penalty and/or Termination Fee (if applicable) Balloon penalty (if applicable) Special payment processing requirements OPTIONAL Direct Deposit form filled in and signed by lender Automatic Withdraw form filled in and signed by borrower DOCUMENTS CHECKLIST (choose one) Note – Deed of Trust – Executed Release OR Weststar Pacific Mortgage Named as trustee Agreement for Sale – executed but unrecorded warranty deed Purchase Contract – executed but unrecorded warranty deed Option Contract Memorandum of Option Lease Option Lease Personal Property Note (NMLS #93243, AZBK 0901413 - Revised 2019) LOAN SERVICE INSTRUCTIONS Weststar Pacific Mortgage This is authorization to establish a Loan Service Account. We agree to the standard fees charged on this account. We herewith deposit with you the following and instruct you to disburse as herein directed. Interest % ACCOUNT INFORMATION Calculation Method required (P or D - refer to checklist for description) Interest Start date Payment 1st Due Date Balloon Date (Due in full) APN or Parcel required if real property Who pays monthly service fees (B-Payor; S-Payee; SP-Split – refer to fee schedule) $ Principal and Interest (or Lease) Amount (per pmnt) $ Impound Amount (per pmnt – if to be impounded by Xxxxxxxx) $ Monthly Payor Fee Estimate (subject to update by WPM) $ Wrap-around (Underlying) Lien Amount (if applicable) $ TOTAL ESTIMATED PAYMENT AMOUNT Impound Collection N/A Taxes Insurance HOA Please note: Weststar collects and pays taxes and insurance in-house therefore we do not use a tax service. Insurance Policy or Binder # Address for Insurance Underwriter required (cannot be agent unless commercial property) Home Owner’s Association Account # Late Charge $ or % Late Fee # of days allowed Are there other late provisions such as $ per day etc. (Y/N) Automatic Late Notice @ 15 days (Y/N) **additional Payor Fee ***Payor Initials: ***Beneficiary Initials: ***Payor Initials: ***Beneficiary Initials: Payor(s) CONTACT INFORMATION (NMLS #93243, AZBK 0901413 - Revised 2019) 1st Payor Name: : Address : _ City : State : Zip: _ SS# or TIN required : Birthdate required: Phone : _ Primar...

Daily Interest. On any day, an amount equal to:

Daily Interest shall have the meaning given such term in Annex E to the Schedule.

Daily Interest means, with respect to a Lender, for each calendar day of each calendar month, the product of: