TOTAL INTEREST CHARGES Clause Samples

The 'Total Interest Charges' clause defines the total amount of interest that will be charged over the life of a loan or credit agreement. It typically specifies how interest is calculated, such as whether it is based on a fixed or variable rate, and may outline the frequency of compounding or payment. By clearly stating the total interest cost, this clause ensures transparency for both parties and helps borrowers understand the full financial obligation, thereby preventing disputes over unexpected or hidden interest charges.
TOTAL INTEREST CHARGES. $554.88 , being Our estimate of the total amount of interest charges payable by You under this Agreement assuming repayment is made in accordance with the Loan Term.
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TOTAL INTEREST CHARGES. (This is the total amount of interest charges payable under this Agreement) Consecutive monthly payments of and a final payment of Total Amount of Payments: Beginning on the monthly anniversary of the date on which you select as the disbursement date for the Loan. Your interest charges may vary slightly dependent on the disbursement date that you select for the Loan. Total Amount of Payments Your monthly payment amount may vary slightly dependent on the disbursement date that you select for the Loan. This is secured credit. If you fail to meet your commitments under this Agreement (including granting a security interest in this property to any other person), then to the extent that of the security interest we may be entitled to repossess and sell this property. If we exercise our rights under our security interest and sell this property and the proceeds received from the sale are insufficient to repay the amount outstanding under the Loan, then you will remain liable for the amount outstanding under the Loan after the proceeds of sale are applied. A security interest as defined in section 16 of the Personal Property Securities Act 1999, securing payment of all monies and performance of all obligations under this Agreement. Please note that, if we require a mortgage to be registered upon Settlement of the Loan, we will execute the necessary mortgage documentation on your behalf pursuant to the power of attorney granted by you in the Loan Terms and Conditions. You must also pay all additional costs, expenses, and liabilities actually incurred by Lending Crowd in registering and discharging any additional security (e.g. substituted mortgage for caveat). Otherwise, no other fees and charges (excluding those included in the initial unpaid balance) are payable in accordance with the terms of this Agreement except as may become payable and as set out in the Fees Schedule. The Fees Schedule is available on the Website ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇ and may be amended by us from time to time.
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TOTAL INTEREST CHARGES. We explain this in clause 3.1 of the General Terms. We set out the total interest charges payable under this Agreement in the Schedule of Payments.
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TOTAL INTEREST CHARGES you will pay unless you are in default. The Annual Interest Rate is fixed for the full period of this Loan except in the circumstances set out in clause 12.2(b)(iii) of the General Terms. We explain this in clause 3.1 of the General Terms. We set out the total interest charges payable under this Agreement in the SCHEDULE OF PAYMENTS section on page 1 of these Commercial Terms.
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TOTAL INTEREST CHARGES being Our estimate of the total amount of interest charges payable by You under this Agreement assuming repayment is made in accordance with the Loan Term.
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TOTAL INTEREST CHARGES. (This is the total amount of interest charges payable under this Agreement) Consecutive Monthly Payments of and a final payment of Total Amount of Payments: Beginning on and ending on Total Amount of Payments This is secured credit. If you fail to meet your commitments under this Agreement (including granting a security interest in this property to any other person), then to the extent that of the security interest we may be entitled to repossess and sell this property. If we exercise our rights under our security interest and sell this property and the proceeds received from the sale are insufficient to repay the amount outstanding under the Loan, then you will remain liable for the amount outstanding under the Loan after the proceeds of sale are applied. A security interest as defined in section 16 of the Personal Property Securities Act 1999, securing payment of all monies and performance of all obligations under this Agreement. Please note that, if we require a mortgage to be registered upon Settlement of the Loan, we will execute the necessary mortgage documentation on your behalf pursuant to the power of attorney granted by you in the Loan Terms and Conditions. You must also pay all additional costs, expenses, and liabilities actually incurred by Lending Crowd in registering and discharging any additional security (e.g. substituted mortgage for caveat). Otherwise, no other fees and charges (excluding those included in the initial unpaid balance) are payable in accordance with the terms of this Agreement except as may become payable and as set out in the Fees Schedule. The Fees Schedule is available on the Website ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇ and may be amended by us from time to time.
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Related to TOTAL INTEREST CHARGES

  • Interest Charges You agree to pay interest at the rate(s) disclosed to you at the time you open your account and as may be changed from time to time in accordance with applicable law. Average Daily Balance including new transactions: Interest Charges will accrue on your average daily balance outstanding during the month. To get the average daily balance, we take the beginning balance each day, add any new purchases, cash advances, balance transfers or other advances, and subtract any payments, unpaid interest charges, and unpaid late charges. This gives us the daily balance. Then, we add up all the daily balances for the billing cycle and divide that by the number of days in the billing cycle. We then multiply that by the periodic rate corresponding to the Annual Percentage Rate on your account. If you have different rates for purchases, cash advances or balance transfers, separate average daily balances for each will be calculated and the appropriate periodic rate is then applied to each.

  • Interest Expense For any period, without duplication, (a) total interest expense incurred (both expensed and capitalized) of the Borrower, the Guarantors and their respective Subsidiaries on funded debt, including the portion of rents payable under a Capitalized Lease allocable to interest expense in accordance with GAAP (but excluding capitalized interest funded under a construction loan interest reserve account), determined on a consolidated basis in accordance with GAAP for such period, plus (b) the Borrower’s, the Guarantors’ and their respective Subsidiaries’ Equity Percentage of Interest Expense of their Unconsolidated Affiliates for such period. Interest Expense shall not include Preferred Distributions or interest on Trust Preferred Equity.

  • Minimum Interest Charge If the interest charge for all balances on your Credit Card account is less than $1.00, we will charge you the Minimum Interest Charge shown on page 1. This charge is in lieu of any interest charge.

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 to 1.0.

  • Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.00 to 1.00.