Interest Charge definition

Interest Charge. The charge set forth in the Schedule of Fees and Charges.

Interest Charge means the interest charge specified in the Financing Agreement for the purpose of Section 3.02(b).”

Interest Charge. A Finance Charge attributable to the application of a periodic interest rate.

Examples of Interest Charge in a sentence

• Minimum Interest Charge If you are charged interest, the charge will be no less than $1.75.

• There is no period within which you may repay cash advances or balance transfers in order to avoid an Interest Charge.

• If you obtain Cash Advances, Balance Transfers or elect to pay for Purchases in installments, each periodic statement will include an Interest Charge.

• You agree we may assess, in addition to the Interest Charge, the Other Charges below which charges will be earned when assessed and are not subject to refund or rebate.

• In connection with Cash Advances and Balance Transfers, the first monthly billing statement after you receive a Cash Advance or Balance Transfer will include an Interest Charge from the date the transaction is posted to your Account.

More Definitions of Interest Charge

Interest Charge is added to read as follows:

Interest Charge means, with respect to any period, the sum (without duplication) of the following (in each case eliminating all offsetting debits and credits between the Borrower and its Subsidiaries and all other items required to be eliminated in the course of the preparation of consolidated financial statements of the Borrower and its Subsidiaries in accordance with GAAP): (a) all interest in respect of Indebtedness of the Borrower and its Subsidiaries (including imputed interest on capital lease obligations) deducted in determining Net Income for such period, and (b) all debt discount and expense amortized or required to be amortized in the determination of Net Income for such period.

Interest Charge means interest charged on the following: (i) on fees and charges, including the interest on the said fees and charges, if I opt to pay only the Minimum Amount Due per month; (ii) on the Total Amount Due (less the interest component of the unpaid billed installment amounts of my Installment Loan(s)) when my Ready Credit account is in default at 60 days past due, on my previous and current statements; and (iii) on my Cash Advance transactions starting on the date of the transactions. Such interest is charged based on the daily outstanding balance on my Ready Credit account, which may include unpaid Interest Charges from my previous statements (less the interest component of any outstanding Monthly Installments of my Installment Loan(s))Such interest shall be compounded daily and the interest will continue to accrue until full payment of Total Amount Due plus accrued interest.

Interest Charge means a charge made on the Loan pursuant to Section 3.02;

Interest Charge means the interest charge for the purpose of Section 3.07.

Interest Charge means a charge made on the Loan pursuant to Section 2.03;

Interest Charge is for financing the interest charge on the Loan during the implementation period of the Project. ADB shall be entitled to withdraw from the Loan Account and pay to itself, on behalf of the Borrower, the amounts required to meet payments, when due, of such interest charge.