Common use of Minimum Payment Clause in Contracts

Minimum Payment. The minimum payment amount due on a statement of account is calculated as follows: Accounts that are not over the credit limit: 1% of the current balance plus 1% of any outstanding unbilled instalment amounts plus interest charges (including interest/service charges for any recurring/instalment payments) plus late payment charge or S$50, whichever is greater, plus any overdue amounts. Accounts that are over the credit limit: 1% of the current balance plus 1%of any outstanding unbilled instalment amounts plus interest charges(including interest/service charges for any recurring/instalment payments)plus late payment charge or S$50, whichever is greater, plus any overdue amounts plus any amounts in excess of the combined credit limit.

Appears in 3 contracts

Samples: Agreement, S Agreement, S Agreement

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Minimum Payment. The minimum payment amount due on a statement of account is calculated as follows: Accounts that are not over the credit limit: 1% of the current balance plus 1% of any outstanding unbilled instalment amounts plus interest charges (including interest/interest/ service charges for any recurring/instalment payments) plus late payment charge or S$50S$50.00, whichever is greater, plus any overdue amounts. Accounts that are over the credit limit: 1% of the current balance plus 1%of 1% of any outstanding unbilled instalment amounts plus interest charges(including interest/charges (including interest/ service charges for any recurring/instalment payments)plus payments) plus late payment charge or S$50, S$50.00 whichever is greater, plus any overdue amounts plus any amounts in excess of the combined credit limit.

Appears in 3 contracts

Samples: S Agreement, S Agreement, S Agreement

Minimum Payment. The minimum payment amount due on a statement of account is calculated as follows: Accounts that are not over the account credit limit: 1% of the current balance plus 1% of any outstanding unbilled instalment amounts plus interest charges (including interest/interest/ service charges for any recurring/recurring/ instalment payments) plus late payment charge or S$50, S$50 whichever is greater, plus any overdue amounts. Accounts that are over the account credit limit: 1% of the current balance plus 1%of 1% of any outstanding unbilled instalment amounts plus interest charges(including interest/charges (including interest/ service charges for any recurring/recurring/ instalment payments)plus payments) plus late payment charge or S$50, S$50 whichever is greater, plus any overdue amounts plus any amounts in excess of the combined account credit limit.

Appears in 2 contracts

Samples: S Agreement, ’s Agreement

Minimum Payment. The calculation for the minimum payment amount due on a statement of account is calculated will be computed as follows: Accounts that are not over the credit limit: S$25 or 1% of the current balance plus 1% of any outstanding unbilled instalment amounts plus interest charges (including interest/service charges for any recurring/ instalment payments) plus late payment charge plus any overdue amounts, whichever is greater. Accounts that are over the credit limit: S$25 or 1% of the current balance plus 1% of any outstanding unbilled instalment amounts plus interest charges (including interest/service charges for any recurring/instalment payments) plus late payment charge or S$50, whichever is greater, plus any overdue amounts. Accounts that are over the credit limit: 1% of the current balance plus 1%of any outstanding unbilled instalment amounts plus interest charges(including interest/service charges for any recurring/instalment payments)plus late payment charge or S$50, whichever is greater, plus any overdue amounts plus any amounts in excess of the combined credit limit, whichever is greater.

Appears in 2 contracts

Samples: ’s Agreement, ’s Agreement

Minimum Payment. The minimum payment amount due on a statement of account is calculated as follows: Accounts that are not over the credit limit: 1% of the current balance plus 1% of any outstanding unbilled instalment amounts plus interest charges (including interest/interest/ service charges for any recurring/recurring/ instalment payments) plus late payment charge or S$50, S$50 whichever is greater, plus any overdue amounts. Accounts that are over the credit limit: 1% of the current balance plus 1%of 1% of any outstanding unbilled instalment amounts plus interest charges(including interest/charges (including interest/ service charges for any recurring/recurring/ instalment payments)plus payments) plus late payment charge or S$50, S$50 whichever is greater, plus any overdue amounts plus any amounts in excess of the combined credit limit.

Appears in 2 contracts

Samples: S Agreement, S Agreement

Minimum Payment. The minimum payment amount due on a statement of account is calculated as follows: Accounts that are not over the account credit limit: 1% of the current balance plus 1% of any outstanding unbilled instalment amounts plus interest charges (including interest/service charges for any recurring/recurring/ instalment payments) plus late payment charge or S$50, whichever is greater, plus any overdue amounts. Accounts that are over the account credit limit: 1% of the current balance plus 1%of 1% of any outstanding unbilled instalment amounts plus interest charges(including interest/charges (including interest/ service charges for any recurring/recurring/ instalment payments)plus payments) plus late payment charge or S$50, whichever is greater, plus any overdue amounts plus any amounts in excess of the combined account credit limit.

Appears in 1 contract

Samples: ’s Agreement

Minimum Payment. The minimum payment amount due on a statement of account is calculated as follows: Accounts that are not over the credit limit: 1% of the current balance plus 1% of any outstanding unbilled instalment amounts plus interest charges (including interest/service charges for any recurring/recurring/ instalment payments) plus late payment charge or S$50, whichever is greater, plus any overdue amounts. Accounts that are over the credit limit: 1% of the current balance plus 1%of 1% of any outstanding unbilled instalment amounts plus interest charges(including interest/charges (including interest/ service charges for any recurring/recurring/ instalment payments)plus payments) plus late payment charge or S$50, whichever is greater, plus any overdue amounts plus any amounts in excess of the combined credit limit.

Appears in 1 contract

Samples: ’s Agreement

Minimum Payment. The minimum payment amount due on a statement of account is calculated as follows: Accounts that are not over the credit limit: 1% of the current balance plus 1% of any outstanding unbilled instalment amounts plus interest charges (including interest/service charges for any recurring/recurring/ instalment payments) plus late payment charge or S$50, whichever is greater, plus any overdue amounts. Accounts that are over the credit limit: 1% of the current balance plus 1%of 1% of any outstanding unbilled instalment amounts plus interest charges(including charges (including interest/service charges for any recurring/recurring/ instalment payments)plus payments) plus late payment charge or S$50, whichever is greater, plus any overdue amounts plus any amounts in excess of the combined credit limit.

Appears in 1 contract

Samples: ’s Agreement

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Minimum Payment. The minimum payment amount due on a statement of account is calculated as followsfollows : Current balance Minimum payment Accounts that are not over the credit limit: limit 1% of the current balance plus 1% of any outstanding unbilled instalment amounts plus interest charges (including interest/interest/ service charges for any recurring/recurring/ instalment payments) plus late payment charge or S$50, whichever is greater, plus any overdue amounts. Accounts that are over the credit limit: limit 1% of the current balance plus 1%of 1% of any outstanding unbilled instalment amounts plus interest charges(including interest/charges (including interest/ service charges for any recurring/recurring/ instalment payments)plus payments) plus late payment charge or S$50, whichever is greater, plus any overdue amounts plus any amounts in excess of the combined credit limit.

Appears in 1 contract

Samples: ’s Agreement

Minimum Payment. The minimum payment amount due on a statement of account is calculated as follows: Accounts that are not over the account credit limit: 1% of the current balance plus 1% of any outstanding unbilled instalment amounts plus interest charges (including interest/service charges for any recurring/recurring/ instalment payments) plus late payment charge or S$50, whichever is greater, plus any overdue amounts. Accounts that are over the account credit limit: 1% of the current balance plus 1%of any outstanding unbilled instalment amounts plus interest charges(including interest/service charges for any recurring/instalment payments)plus late payment charge or S$50, whichever is greater, plus any overdue amounts plus any amounts in excess of the combined credit limit. If the current balance is less than S$50, the minimum payment amount shall be equivalent to the current balance.

Appears in 1 contract

Samples: S Agreement

Minimum Payment. The calculation for the minimum payment amount due on a statement of account is calculated will be computed as follows: Accounts that are not over the account credit limit: S$25 or 1% of the current balance plus 1% of any outstanding unbilled instalment amounts plus interest charges (including interest/service charges for any recurring/ instalment payments) plus late payment charge plus any overdue amounts, whichever is greater. Accounts that are over the account credit limit: S$25 or 1% of the current balance plus 1% of any outstanding unbilled instalment amounts plus interest charges (including interest/service charges for any recurring/instalment payments) plus late payment charge or S$50, whichever is greater, plus any overdue amounts. Accounts that are over the credit limit: 1% of the current balance plus 1%of any outstanding unbilled instalment amounts plus interest charges(including interest/service charges for any recurring/instalment payments)plus late payment charge or S$50, whichever is greater, plus any overdue amounts plus any amounts in excess of the combined account credit limit, whichever is greater.

Appears in 1 contract

Samples: ’s Agreement

Minimum Payment. The minimum payment amount due on a statement of account is calculated as follows: Accounts that are not over the credit limit: 1% of the current balance plus 1% of any outstanding unbilled instalment amounts plus interest charges (including interest/service charges for any recurring/recurring/ instalment payments) plus late payment charge or S$50, whichever is greater, plus any overdue amounts. Accounts that are over the credit limit: 1% of the current balance plus 1%of 1% of any outstanding unbilled instalment amounts plus interest charges(including charges (including interest/service charges for any recurring/instalment payments)plus payments) plus late payment charge or S$50, whichever is greater, plus any overdue amounts plus any amounts in excess of the combined credit limit.

Appears in 1 contract

Samples: ’s Agreement

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