Simple Interest Rate Sample Clauses

A Simple Interest Rate clause defines the percentage rate at which interest accrues on a principal amount over a specified period, calculated only on the original sum and not on accumulated interest. In practice, this means that if a party owes money under the agreement, interest will be charged solely on the initial amount borrowed or outstanding, regardless of how long the debt remains unpaid. This clause ensures transparency and predictability in financial obligations by preventing compounding, making it easier for parties to calculate and understand the total interest owed.
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Simple Interest Rate. (i) CD's. The simple interest payable on CDs will be the rate(s) established at the opening of the account for the term of that account,
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Simple Interest Rate. Except as otherwise provided in Section 4.2, the Loan shall bear simple interest at a rate of Fourteen (14%) per annum from time in effect. This Loan is the interest-only Loan.
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Simple Interest Rate 
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Related to Simple Interest Rate

  • Applicable Interest Rate 5.10.1 In respect of Pre-Delivery Interest Periods or Interest Periods pursuant to Clause 5.3.1 and subject to Clause 5.3.1, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during a Pre-Delivery Interest Period or an Interest Period shall be the Floating Interest Rate. 5.10.2 In respect of Interest Periods pursuant to Clause 5.3.2 and subject to Clause 5.3.2, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during an Interest Period shall be the Fixed Rate.

  • Interest Rate The LHIN may charge the HSP interest on any amount owing by the HSP at the then current interest rate charged by the Province of Ontario on accounts receivable.

  • Fixed Interest Rate The loan interest rate hereunder is determined by the latest þ1-year ☐5-year and above ☐ other LPR published on the natural day before þ the Effective Date of this Contract ☐the loan issuance date plus (plus/less) 105.000000 basis points (LPR, the loan prime rate published by the National Interbank Funding Center, 1 basis point =0.01%, the same below), subject to the loan receipts or the electronic data and vouchers generated by E-banking such as online banking. During the term of loan, the loan interest rate shall not be adjusted.

  • Applicable Interest Rates (a) U.S.

  • Simple Interest Each Receivable provides for scheduled monthly payments that fully amortize the Amount Financed by maturity (except for minimally different payments in the first or last month in the life of the Receivable) and provides for a finance charge or yield interest at its APR, in either case calculated based on the Simple Interest Method.