Minimum Payment Amount Clause Samples
The Minimum Payment Amount clause sets a baseline sum that must be paid in each payment period, regardless of other calculations or adjustments. In practice, this means that even if the calculated payment based on usage, sales, or other variables falls below the specified minimum, the payer is still obligated to meet the minimum threshold. This clause ensures a predictable revenue stream for the payee and protects against periods of low activity or underperformance, thereby reducing financial risk.
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Minimum Payment Amount. If the New Balance is less than $30, the minimum payment is the full amount of the New Balance. If the New Balance is $30 or more, the minimum payment is the sum of (1) any past due amount and (2) the greater of: (a) $30 plus any late payment fees, or (b) 2.5% of the New Balance plus interest charges and any late payment fees. (For Visa Signature Cards, in addition to the foregoing amounts, your minimum payment amount will include the full amount by which your New Balance exceeds your credit limit.) For all cards, making only the minimum payment will increase the amount of interest you pay and the time it takes to repay your balance.
Minimum Payment Amount. If the New Balance is less than $30, the minimum payment is the full amount of the New Balance. If the New Balance is $30 or more, the minimum payment is the sum of (1) any past due amount and (2) the greater of: (a) $30 plus any late payment fees, or (b) 2.5% (1.75% for Agility Cash Credit Card, Clarity Credit Card, and Vivid Rewards Credit Card) of the New Balance plus interest charges and any late payment fees. (ForVisa Signature Cards, in addition to the foregoing amounts, your minimum payment amount will include the full amount by which your New Balance exceeds your Credit Limit.) For all cards, making only the minimum payment will increase the amount of interest you pay and the time it takes to repay your balance.
Minimum Payment Amount. The required minimum periodic payment is the greater of: (1) $25 or 2.50% of that portion of the New Balance that does not exceed your credit limit, plus the entire portion of the New Balance in excess of your credit limit, plus any amount past due, whichever is greater; or (2) the total New Balance as shown on your periodic billing statement if the balance is under $25. Unless specified otherwise, payments must be mailed to the address indicated on your periodic billing statement.
Minimum Payment Amount. Apps Club shall have no obligation to effect payment in any month in which the total amount Content Provider is owed is less than $200 USD. Amounts under $200 USD will be retained and accumulated with amounts accruing in subsequent months until 30 days after the end of the month in which the total amount payable comes to exceed $200 USD. Accumulated amounts shall not accrue any interest.
Minimum Payment Amount. Opera shall have no obligation to effect payment in any month in which the total amount Content Provider is owed is less than $200 USD. Amounts under $200 USD will be retained and accumulated with amounts accruing in subsequent months until 30 days after the end of the month in which the total amount payable comes to exceed $200 USD. Accumulated amounts shall not accrue any interest.
Minimum Payment Amount. Contingent and effective upon consummation of the Merger Agreement, the JetPay Companies shall pay to the Payees, as a partial payment of the Note Balance, an amount equal to the greater of:
(a) the portion of the Note Balance, as adjusted pursuant to Section 1(a) above, that exceeds $6,000,000; or
(b) the Note Balance, as adjusted pursuant to Section 1(a) above, minus the product of $6.08 multiplied by the Excess Redemption Amount. The “Excess Redemption Amount” shall be equal to the number of shares of Parent common stock in excess of 6,385,482 shares that are to be redeemed for pro rata shares of the funds being held in a trust account established in connection with Parent’s initial public offering.
Minimum Payment Amount. There is no minimum payment 6. Dates and Processing Times: You may designate the
a. There is no same-day scheduling. The Payment Date can be no sooner than the next business day after the day we receive your call (calls received at or after 5:00 PM ET or on a day other than a business day are considered received the next business day). Generally, business days are Monday through Friday. Weekends and holidays are not business days.
b. You may not authorize a payment more than thirty
c. If your payment is one (1) or more days past due, the Payment Date will be the next business day.
Minimum Payment Amount. The Purchaser shall receive from the proceeds of the Purchased Accounts the following minimum amounts, net of Incurred Expenses, in good funds, no later than the following dates: In the event the Purchaser has not received from proceeds from the Purchased Assets the forgoing minimum cumulative amounts, net of Incurred Expenses, in good funds by the dates set forth hereinabove (the “Deficiency Amount”), the Seller agrees to pay such Deficiency Amounts to the Purchaser on or before the required payment date. Failure of the Purchaser to receive such amounts on such dates, shall be an Event of Default
Minimum Payment Amount. The minimum amount for payment of commission and bonus is one dollar ($1 USD or equivalent local curren- cy). Commissions and/or bonuses in an amount less than one dollar ($1 USD or equivalent local currency) for a pay period will accumulate until they equal or exceed one dollar ($1 USD or equivalent local currency).
Minimum Payment Amount. Notwithstanding the foregoing, the Parties agree that the payment of any Net Excess/Shortfall Amount shall not be required unless and until the Net Excess/Shortfall Amount equals or exceeds 1 BTC (the “Minimum Payment Amount”); provided that, (i) once the Minimum Payment Amount has been exceeded, the applicable Party shall be required to pay the Net Excess/Shortfall Amount in full and (ii) the Minimum Transfer Amount shall be 0 BTC (A) with respect to all Transactions upon the occurrence of an Event of Default in which the Defaulting Party owes the Net Excess/Shortfall Amount and (B) with respect to a particular Transaction upon the completion or termination of a Transaction.