Interest and Charges definition

Interest and Charges means interest, charges, expenses and other items incurred by the Bank under the Loan Documents which are chargeable to the Borrower and which shall be billed directly to the Borrower.

Examples of Interest and Charges in a sentence

  • Section 3.7. Computations Section 3.8. Usury Section 3.9. Agreement Regarding Interest and Charges Section 3.10.

  • SEPARATE ACCOUNT EXPENSE CHARGE On each Valuation Day, an expense charge equal to the daily equivalent of the annual rate as shown on the Interest and Charges page is deducted proportionately from the sub-accounts.

  • The records of the Bank shall be prima facie evidence as to the amounts of advances, outstanding principal balance, and accrued Interest and Charges.

  • On the Effective Date, holders of Utility Funded Debt Claims shall receive Cash equal to their Utility Funded Debt Claim Interest and Charges Amount and equal amounts of each issue of the New Utility Funded Debt Exchange Notes that in the aggregate equal such holder’s Utility Funded Debt Claim Principal Amount.

  • The Borrower authorizes the Bank to charge the Interest and Charges to the Loan Account or to any deposit account maintained by the Borrower with the Bank.

  • All payments and/or proceeds of Collateral received by the Bank shall be applied to the payment of Interest and Charges, if any, to principal on the Revolving Line of Credit Promissory Note or any Term Loans in the Bank's discretion.

  • PAYMENTS, FEES AND OTHER GENERAL PROVISIONS 35 Section 3.1 Payments 35 Section 3.2 Pro Rata Treatment 36 Section 3.3 Sharing of Payments, Etc 36 Section 3.4 Several Obligations 37 Section 3.5 Minimum Amounts 37 Section 3.6 Fees 37 Section 3.7 Computations 38 Section 3.8 Usury 38 Section 3.9 Agreement Regarding Interest and Charges 38 Section 3.10 Statements of Account 39 Section 3.11 Defaulting Lenders 39 Section 3.12 Taxes 40 ARTICLE IV.

  • Agreement Regarding Interest and Charges.................................

Related to Interest and Charges

  • Unpaid Charges means any charges billed to the Non-Paying Party that the Non-Paying Party did not render full payment to the Billing Party by the Bill Due Date, including where funds were not accessible.

  • CCAA Charges means the Administration Charge and the Directors’ Charge;

  • Fees and Charges means the fees and charges set out in Appendix 2, including such fees and charges as may be revised by the Service Provider from time to time by amendment to Appendix 2 in accordance with this Agreement;

  • Maintenance Charges means the charges payable by the applicant to the Maintenance Agency in accordance with the demand raised by the Maintenance Agency for the maintenance and up keep of the said building/ said complex, including common areas and facilities but does not include; (a) the charges for actual consumption of utilities in the Dwelling Unit including but not limited to electricity, water, which shall be charged based on actual consumption on monthly basis and (b) any statutory payments, taxes, with regard to the Dwelling Unit/ said building/said complex.

  • Usage Charges means the Charges for the Service or applicable part of the Service that are calculated by multiplying the volume of units that the Customer used or incurred in a period (e.g. number of users using the Service, or the number of minutes the Service was used for) with the relevant fee that is specified in the Online Order.

  • Service Charges means the fees levied by the municipality in terms of its tariff policy for any municipal services rendered in respect of an immovable property and includes any penalties, interest or surcharges levied or imposed in terms of this policy.

  • Rent and Charges Reserve means the aggregate of (a) all past due rent and other amounts owing by a Loan Party to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Collateral Access Agreement.

  • Finance Charges means, with respect to a Contract, any finance, interest, late payment charges or similar charges owing by an Obligor pursuant to such Contract.

  • Imbalance Charges means any fees, penalties, costs or charges (in cash or in kind) assessed by a Transporter for failure to satisfy the Transporter's balance and/or nomination requirements.

  • Debt Service Charges means for any Measurement Period, the sum of (a) Consolidated Interest Charges paid or required to be paid for such Measurement Period, plus (b) principal payments made or required to be made on account of Indebtedness (excluding the Obligations and any Synthetic Lease Obligations but including, without limitation, Capital Lease Obligations) for such Measurement Period, in each case determined on a Consolidated basis in accordance with GAAP.

  • Non-Cash Charges has the meaning specified in the definition of the term “Consolidated EBITDA”.

  • LATE CHARGES All invoices are due and payable upon receipt. Any invoices not paid within thirty (30) days of the invoice date are subject to a one percent (1%) per month financing charge on any unpaid balance but only to the extent permitted by law.

  • Default Interest means interest chargeable in terms of this Agreement to unpaid amounts or outstanding obligations which interest shall be calculated, from the due date until date of payment, on a daily balance and compounded monthly in arrear at an annual rate of two percent (2%) above the prevailing, variable prime rate publicly quoted by ABSA Bank Limited from time to time.

  • Unpaid Interest Amounts As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).

  • Contract Charges means charges that accrue during a given month as defined in Article III. “Contract Term” is defined in Article IV.

  • Yield Maintenance Charge With respect to any Mortgage Loan or Serviced Companion Loan, the yield maintenance charge or prepayment premium, if any, payable under the related Note in connection with certain prepayments.

  • Administrative Charge means, with respect to any Lease, any payment (whether or not part of the fixed monthly payment) payable to the related Lessor representing a disposition fee, a late payment fee, an Extension Fee, an allocation to the related Lessee of insurance premiums, sales, personal property or excise taxes or any other similar charge.

  • Maintenance Fees means the non-refundable fees payable annually by Licensee to OT for Support Services;

  • Utility Charges means water, sewer, electricity, gas and other utility charges, if any, applicable to the Real Property or the Leased Real Property;

  • Net Finance Charges means, for the Reference Period, the Finance Charges according to the latest Financial Report(s), after deducting any interest payable for that Reference Period to any member of the Group and any interest income relating to cash or cash equivalent investment.

  • Collection Costs means an amount that the Municipality can charge with regard to the enforcement of a consumer’s monetary obligations;