Res 1996-049 - Laserfiche WebLink

Home Browse Search

.JglJ 9. The method used to determine the balance on which any Finance Char~ may be computed is: M",n<:..", Balan<:..,: "The outstanding Advances balance each day of the CtJfTent billing cycle (after adding new Advances and ôeductin' :, net payments and all Credits posted to this balance during the current billing cycle) is totaled and that total IS divided by the number of days in mat b, .< cycle to derive an "Average Dally Balance", that is, the balance upon which a Finance Charge may be computed. Purchases Balance: There are tWQ amounts used to calculate t~"Average Daily Balance": a. The outstanding Purchases balance each day of the current billing cycle, (after deducting all net payments and Credits posted to \hIS balar ::-. is totaled. b. The balance each day of Purchases posted in the previous billing cyc!e is totaled. These two totals are added together and divided by the number of days in the current billing cycle to determine the "Average Daily Balan' ~ that is the balance upon which a Finance Charge may be computed. Purchases balances described on the current Statement are not included in the "Average Daily Balance" calculation for the Statement. The: of those daily balances will be Included in the calculation or the "Average Daily Balance" in the next billing cycle if that aCGount is not paid in full by : Statement's Payment Due Date. Cash Advance Fee: An additional Finance Charge will be added to the account if a Cash Advance is obtained by using one or more or :" following methods: Bank One Money Access Center ATM (Automated Teller Machine), Instant Loan, Wire Transfer. The amount of the Finance Charge "'. be an amount equal to 2% of each separate Cash Advance amount, but not less than $2, nor more than $10. The Cash Advance Fee Finance Charge :m'OI.:' for the billing cycle will be added to the account balance on the statement for that billing cycle and will be reflected on the bottom of the statemE nÓ't. the box labeled "Cash Advance Fees." The additional Finance Charge will cause the Annual Percentage Rate (on the statement the Cash Advance : fo";.: appears) to exceed the Advances Corresponding Annual Percentage Rate stated in the "Advances Balance" section. Once the Cash Advance Fee :111(.,,- Charge is added to the account balance, it will be treated as an Advance and will begin accruing Finance Charges as provided in this Agreement. . p~ments: Bank may accept late payments or partial payments, and payments marked "Payment in Full," without losing any of its rights und€" this Agreement. ank may apply payments to amounts owed on my account in the manner Bank deems appropriate. For posting as of date of receipt, paymen;. must be received at P.O. Box 78168. Phoenix, Arizona 85062-8168 prior to 10:00 A.M. M.S.T. Payments made through a Bank branch office may be subje( to a delay in posting of up to five (5) days. 10. The method of determi~ing the amount of the Finance Charge shall be as follows: Advances Balance: A Finance Charge is assessed on all advances from the date the funds were disbursed to or the Company. The tot; Finance Charge will then be determined by multiplying your Average Daily Balance for Advances by the daily periodic rate of .054739%, which is equival; . to an ANNUAL PERCENTAGE RATE of 19.98%, and then by the number of days in the current billing cycle. Purchases Balance: Unless the New Balance shown on the Statement is paid in full by the due dale, a Finance Charge is assessed from :1 date the transaction occurred on the "Average Daily Balance" of all purchases until payment in full. The "Average Daily Balance" or each day or the bil!,-. cycle is multiplied by the daily periodic rate of .049260%, which is an ANNUAL PERCENTAGE RATE of 17.98%. The total of each daily calculation fOf It billing cycle is the FINANCE CHARGE amount shown in the Periodic Statement for "Purchases". 11. The Total Payment Due is the Minimum Payment Due plus the Past Due Amount and/or all amounts in excess of the authorized Credit Limit shO'" on the Statement (the "Over Limit Amount"). If the New Balance is greater than or equa! to $200. the Minim¡¡m Payment Due is 25% of the New Balanc. If the New Balance is less then $200 and greater than Of equal to $SO, the Minimum Payment is $50. If the New Balance is less than $50, the Minimum Paym~' will be equal to the New Balance amount. Company may, of course, pay the Total Payment Due or may pay any additional amount in excess of the Total Payme" Due. If the Total Payment Due shown on the Statement is not paid within 10 days after the Payment Due Date shown on the Statement, a Late Charge in tr ., amount 0: $10 will be charged. This fee will be added to the Purchase balance. 12. Should the New Balance on the Billing Date exceed the Credit Limit, an Over Limit Fee of $10 may be charged- This fee will be added to tt>¡ Purchase balance. 13. Should a check, which was sent to the Bank and credited to Company's Credit Card account, be returned to Bank for any reason, a $10 Retu~ Check Fee may be charged. This fee will be added to the Purchase balance. 14. Bank has and will receive no security interest for the use of the Card. 15. Company will promptly report lost or stolen Cards by immediately contacting the Bank's Credit Card Department, Lost or Stolen Card '""viS,' at P.O. Box 29620, Phoenix, AZ 85038. The telephone numbers are 1-80Q..541-2382 or 6021350-7100. 16. Should a duplicate sales slip or Credit Card Statement be requested by Company, that request will incur a service fee of 55 per item. T 5 f. is paid when the item(s) is ordered from the Bank. This fee may be waived if the Authorized User can show documentation that the request is ma )( t< or legal purposes; and will be waived if the Bank was in error. 17. Charges incurred in a foreign currency will be converted by a separate organization (either VISA International or MasterCard International) ,~. a U.S. Dollar amount. The conversion rate used is either the (i) wholesale market rate, or (ii) government-mandated rate in effect one day prior to the process¡- date, increased by one percent in each case. This Agreement shall constitute the entire agreement between the parties with respect to the subject matter hereof. This Agreement supersedes all prior {"-" and written communications, agreements and understandings of the parties with respect to the subject of this Agreement. In witness hereof, the parties have caused this Agreement to be executed by their duly Authorized Officers or Representê!lives, Dated: March 26 19 96 Larry D. Gilley Wil1iam White OffIcer Name Officer Na~ City Manaqer Finance Director - Tille ~Æ Title ///itz I ~ --d--- \^ ILl.- i9f~ 6' SIgnature t Signature Bank Credit Officer Name Number Bank Credit Officer Signature Date