Interest on Balances Sample Clauses

Interest on Balances. Each sum credited to an Account from time to time shall, from the time it is so credited until the time it is withdrawn therefrom (whether for the purposes of making an Authorised Investment (in accordance with schedule 14 (Cash Management and Priority of Payments) of the Common Terms Agreement) or otherwise applied in accordance with the terms of this Agreement) bear interest at such rate as ParentCo or the Issuer may from time to time agree with the Account Bank and, save as otherwise specified in this Agreement or as otherwise agreed between the Account Bank, ParentCo and the Issuer from time to time, such interest shall be added to the balance on such Account (at such times as may be agreed).
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Interest on Balances in the Deposit Accounts Each MMDA and TA at each Program Bank will earn the same interest rate and all Program Banks will pay the same interest rate across all customers. The interest rates on the Deposit Accounts will be determined by the amount the Program Banks are willing to pay on the Deposit Accounts minus the fees, if any, paid to RHS as set forth below under "Fees." You may access the current interest rate on the Deposit Accounts on our Website and in the App. Interest rates may change daily and will be available on the business day the rates are set. Interest will accrue on Deposit Account balances from the day funds are deposited into the Deposit Accounts at a Program Bank through the business day preceding the date of withdrawal from the Deposit Accounts at the Program Bank. Interest will be compounded daily and credited monthly. The interest rates paid with respect to the Deposit Accounts at a Program Bank may be higher or lower than the interest rates available to depositors making deposits directly with the Program Bank or other depository institutions in comparable accounts, or other options in which you can invest free credit balances. You should compare the terms, interest rates, required minimum amounts, and other features of the Sweep Service with other accounts and alternative investments. Robinhood is not responsible for negotiating interest rates on your behalf. If, on the last day of any month, the interest credited to your Deposit Account at a Program Bank has caused your deposits at such Program Bank to exceed the Maximum FDIC Insurance Amount, RHS, as your agent, may (but shall not be required to) withdraw the excess from that Program Bank and deposit it into the next Program Bank on the Priority List that has sufficient capacity to accept additional funds and in which your existing deposits, combined with the excess amount being deposited, would be less than or equal to the Maximum FDIC Insurance Amount. If there are no Deposit Accounts at Program Banks on the Priority List that have sufficient capacity to accept additional funds and for which such a deposit would result in your deposits being less than or equal to the Maximum FDIC Insurance Amount, then the excess amount will be swept into an Excess Bank that will accept your funds without limit, as provided in the section above titled "Operation of the Sweep Service -Deposit Procedures."
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Interest on Balances. Each sum credited to a Borrower Account from time to time shall, from the time it is so credited until the time it is withdrawn therefrom (whether for the purpose of making a Cash Equivalent Investment or otherwise applied in accordance with the terms of this Agreement), bear interest on a daily basis at such rate as the Obligors (or the relevant Cash Manager on its behalf) may from time to time agree with the Account Bank being no less than the rates paid by the Account Bank to customers of similar standing of the Account Bank for deposits of comparable size, currency and maturity as those deposited by the Obligors and, save as otherwise specified in this Agreement or as otherwise agreed between the Account Bank and, as applicable, the Obligors (or the relevant Cash Manager on its behalf) or the Borrower Security Trustee (as applicable) from time to time, such interest shall be added to the balance on such Borrower Account on each relevant interest payment date in respect of the Borrower Accounts agreed between the Parties without withholding or deduction save to the extent required by applicable laws or regulations.
Sample 1
Interest on Balances. Each sum credited to an Issuer Account from time to time shall, from the time it is so credited until the time it is withdrawn therefrom (whether for the purpose of making a Cash Equivalent Investment or otherwise applied in accordance with the terms of this Agreement) bear interest on a daily basis at EONIA minus 0.25 per cent, such interest shall be added to (or deducted from depending on the EONIA rate at the time) the balance on such Issuer Account on each relevant interest payment date in respect of the Issuer Accounts agreed between the Parties hereto without withholding or deduction save to the extent required by applicable laws or regulations.
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Related to Interest on Balances

  • 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 xxxx to the date of payment. Invoices shall be considered as having been paid on the date of receipt of payment.

  • INTEREST ON ARREARS Any interest instalment unpaid on maturity shall yield interest, of right and without formal notice, at the same rate as applicable to the portion of the loan whose interest is unpaid on maturity, such interest being payable to the Lender on request.

  • Interest on Loans (a) Except as otherwise set forth herein, each Class of Loan shall bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof as follows:

  • 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.

  • Interest on Overdue Payments (a) If, for any reason, a Party does not pay an amount payable under or in connection with this Agreement on or before the due date for payment, it must pay interest to the other Party (who is entitled to receive the payment).

  • Interest on Overdue Amounts 22.1 Any Licence Fee which is payable and remains unpaid for a period in excess of 30 (thirty) days from the date of the invoice, will attract interest at the current legal rate, calculated in accordance with the interest rate prescribed by the Minister of Justice in accordance with the Prescribed Rate of Interest Act 55 of 1975, as amended.

  • Interest on Late Payments a. State Agencies The payment of interest on certain payments due and owed by Agency may be made in accordance with Article 11-A of the State Finance Law (SFL §179-d et. Seq.) and Title 2 of the New York Code of Rules and Regulations, Part 18 (Implementation of Prompt Payment Legislation -2 NYCRR §18.1 et seq.).

  • Interest on Floating Rate Notes (a) Interest Payment Dates Each Floating Rate Note bears interest from (and including) the Interest Commencement Date and such interest will be payable in arrear on either:

  • Interest on Deposits Any interest earned on cash deposits will be credited to CLEC in the amount actually earned or at the rate set forth in Section 8.7 below, whichever is lower, except as otherwise required by law, provided that, for elimination of doubt, the Parties agree that such deposits are not subject to state laws or regulations relating to consumer or End User Customer cash deposits. Cash deposits and accrued interest, if applicable, will be credited to CLEC's account or refunded, as appropriate, upon the earlier of the expiration of the term of this Agreement or the establishment of satisfactory credit with Qwest, which will generally be one full year of consecutive timely payments of undisputed amounts in full by CLEC. Upon a material change in financial standing, CLEC may request, and Qwest will consider, a recalculation of the deposit. The fact that a deposit has been made does not relieve CLEC from any requirements of this Agreement.

  • Interest on late payment Subject to clause 9.7, the Trader or the Distributor (as the case may be) must pay any Tax Invoice issued under this clause 9. If any part of a Tax Invoice that is properly due in accordance with this Agreement is not paid by the due date, Default Interest may be charged on the outstanding amount for the period that the Tax Invoice remains unpaid.

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