Interest on Negative Account Balance Sample Clauses

Interest on Negative Account Balance. BlueSnap may charge interest at the rate of 2% per annum above the standard deposit interest rate of the ▇▇▇▇▇ Fargo Bank or the legal maximum permissible interest rate, on any negative balance on the Merchant’s account.
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Interest on Negative Account Balance. BlueSnap may charge interest at the rate of 1.5% per annum or the legal maximum permissible interest rate, on any negative balance on the Merchant’s account. Should BlueSnap apply the maximum permissible interest rate, such charge will apply immediately and without notice to Merchant. Merchant will be informed of any increased interest rate being applied via the Merchant’s account on the BlueSnap console. Where BlueSnap introduces a change to the rate of interest that is more favorable for Merchant, BlueSnap may implement such change without notice to Merchant. Changes to the applicable interest rate will be implemented and calculated by BlueSnap in a neutral manner that does not discriminate against ▇▇▇▇▇▇▇▇.
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Related to Interest on Negative Account Balance

  • Interest on Capital Contributions No Member shall be entitled to any interest on its capital contribution.

  • Interest on Unpaid Balances Interest on any unpaid amount (including amounts placed in escrow) shall be calculated in accordance with the method specified for interest on refunds in the Commission’s regulations at 18 C.F.R. § 35.19a (a)(2)(iii). Interest on unpaid amounts shall be calculated from the due date of the ▇▇▇▇ to the date of payment. Invoices shall be considered as having been paid on the date of receipt of payment.

  • No Interest on Capital Contributions Members are not entitled to interest or other compensation for or on account of their capital contributions to the Company except to the extent, if any, expressly provided in this Agreement.

  • Interest on Delinquent Payments Without waiving any other right or action available to Authority, in the event of default of Company's payment of Rents or other charges hereunder, and in the event Company is delinquent in paying to Authority any Rents or other charges for a period of five (5) days after the payment is due, Authority reserves the right to charge Company interest thereon from the date the Rents or other charges became due to the date of payment at one and one-half percent (1.5%) per month, to the maximum extent permitted by Applicable Law.

  • No Interest on Contributions No Partner shall be entitled to interest on its Capital Contribution.