Common use of Minimum Payment Clause in Contracts

Minimum Payment. You agree to pay us at least the minimum payment requested by the payment due date shown on a statement. If we request, you also agree to pay us any overlimit and overdue amounts immediately. If you do not receive a statement in any month, for example as a result of postal delay or interruption, you must contact us to check what minimum payment is due and the due date. The method for determining the minimum payment is set out in the information box. You can always pay us (i) more than the minimum payment, (ii) before the payment due date, (iii) more often than once a month, or (iv) the outstanding balance at any time. If your primary address changes to or from Quebec, the applicable minimum due calculation will take effect on your next statement. Please note that a credit to your account, for example as a result of return of goods to a merchant or a service fee credit, does not constitute a payment to your account and does not satisfy the requirement to pay the minimum payment due.

Appears in 33 contracts

Samples: Cardmember Agreement, Cardmember Agreement, Cardmember Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.