Common use of Daily Interest Clause in Contracts

Daily Interest. the Interest calculated per day upon cancellation of the Agreement. The calculation is based on the 360-day calendar year and the assumption that the Borrower starts using the entire Overdraft Limit straight away.

Appears in 1 contract

Sources: Securities Backed Overdraft Agreement

Daily Interest. is the Interest calculated per day upon cancellation of the Agreement. The calculation is based on the 360-day calendar year and the assumption that the Borrower starts using the entire Overdraft Limit straight away.

Appears in 1 contract

Sources: Overdraft Agreement