Common use of Crediting of Payments Clause in Contracts

Crediting of Payments. All payments made on your Account at (i) the address designated for payment on the monthly periodic statement, (ii) through the Xxxxxx.xxx website and (iii) made to a member service representative at any of our branch offices will be credited to your Account as of the date of receipt. If the date of receipt for a mailed payment or a payment made at a branch drop box is not a business day, your payment will be credited on the first business day following receipt. The required minimum payment for your Account will be applied first to collection costs, then to any finance charges, and then to the unpaid principal balance. Interest paid or agreed to be paid shall not exceed the maximum amount permissible under applicable law, and in any contingency whatsoever, if we shall receive anything of value deemed interest under applicable law which would exceed the maximum amount of interest permissible under applicable law, the excessive interest shall be applied to the reduction of the unpaid principal amount or refunded to you. Payments made in excess of the required minimum payment will be applied to the balance with the highest APR before any such excess payments are applied to balances with lower APRs.

Appears in 4 contracts

Samples: Agreement and Disclosure Statement, Agreement and Disclosure Statement, Agreement and Disclosure Statement

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Crediting of Payments. All payments made on your Account at (i) the address designated for payment on the monthly periodic statement, (ii) through the Xxxxxx.xxx website and or (iii) made to a member service representative at any of our branch offices will be credited to your Account as of the date of receipt. If the date of receipt for a mailed payment or a payment made at a branch drop box is not a business day, your payment will be credited on the first business day following receipt. The required minimum payment for your Account will be applied first to collection costs, then to any finance charges, and then to the unpaid principal balance. Interest paid or agreed to be paid shall not exceed the maximum amount permissible under applicable law, and in any contingency whatsoever, if we shall receive anything of value deemed interest under applicable law which would exceed the maximum amount of interest permissible under applicable law, the excessive interest shall be applied to the reduction of the unpaid principal amount or refunded to you. Payments made in excess of the required minimum payment will be applied to the balance with the highest APR before any such excess payments are applied to balances with lower APRs.

Appears in 2 contracts

Samples: Agreement and Disclosure Statement, Agreement and Disclosure Statement

Crediting of Payments. All payments made on your Account at (i) the address designated for payment on the monthly periodic statement, (ii) through the Xxxxxx.xxx xxxxxxxxxx.xxx website and (iii) made to a member service representative at any of our branch offices will be credited to your Account as of on the date of receipt. If the date of receipt for a mailed payment or a payment made at a branch drop box is not a business day, your payment will be credited on the first business day following receipt. The required minimum payment for your Account will be applied first to collection costs, then to any finance chargesINTEREST CHARGES and other fees due, and then to the unpaid principal balance. Interest paid or agreed to be paid shall not exceed the maximum amount permissible under applicable law, and in any contingency whatsoever, if we shall receive anything of value deemed interest under applicable law which would exceed the maximum amount of interest permissible under applicable law, the excessive interest shall be applied to the reduction of the unpaid principal amount or refunded to you. Payments made in excess of the required minimum payment will be applied to the balance with the highest APR before any such excess payments are applied to balances with lower APRs.

Appears in 2 contracts

Samples: Credit Card Agreement, Credit Card Agreement

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Crediting of Payments. All payments made on your Account at (i) the address designated for payment on the monthly periodic statement, (ii) through the Xxxxxx.xxx website and (iii) made to a member service representative at any of our branch offices will be credited to your Account as of the date of receipt. If the date of receipt for a mailed payment or a payment made at a branch drop box is not a business day, your payment will be credited on the first business day following receipt. The required minimum payment for your Account will be applied first to collection costs, then to any finance charges, and then to the unpaid principal balance. Interest paid or agreed to be paid shall not exceed the maximum amount permissible under applicable law, and in any contingency whatsoever, if we shall receive anything of value deemed interest under applicable law which would exceed the maximum amount of interest permissible under applicable law, the excessive interest shall be applied to the reduction of the unpaid principal amount or refunded to you. Payments made in excess of the required minimum payment will be applied to the balance with the highest APR before any such excess payments are applied to balances with lower APRs.

Appears in 1 contract

Samples: Credit Agreement

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