Qwarta Payment Sample Clauses
The Qwarta Payment clause defines the terms and conditions under which payments are made using the Qwarta payment system. It typically outlines the timing, method, and process for making payments, specifying when payments are due, acceptable forms of payment, and any associated fees or requirements. For example, it may require that all invoices be settled through the Qwarta platform within a set number of days after receipt. This clause ensures that both parties have a clear understanding of payment expectations, reducing the risk of disputes and facilitating smooth financial transactions.
POPULAR SAMPLE Copied 2 times
Qwarta Payment. The Qwarta account holder must pay the Minimum Installment Amount Payable, as shown in the e-Statement and must be received by Home Credit on or before the Payment Due Date. The payment through any authorized modes, or made to any accredited payment centers of Home Credit shall be considered as payment to Home Credit that is made on the same date.
Qwarta Payment. The Qwarta account holder must pay the Minimum Installment Amount Payable, as shown in the e-Statement and must be received by Home Credit on or before the Payment Due Date. The payment through any authorized modes, or made to any accredited payment centers of Home Credit shall be considered as payment to Home Credit that is made on the same date. Payment which is less than or exact amount of the Minimum Installment Amount Payable shall be applied in the following order: the overdue amount (if any); the Monthly Installment Amount due (if any), the penalties, interest charges, fees and principal. Upon receipt of a payment from a Qwarta account holder whose account carries different interest rates for different types of purchases such as regular purchases, installments, balance transfers, Home Credit shall apply amounts in excess of the Minimum Installment Amount Payable first to the fees and charges, and then to the billed balance bearing the highest rate of interest, followed by the billed balance bearing the next higher rate of interest, until the payment is exhausted. The interest rate applicable on the Transaction Date pertaining to the amount shall be the basis for determining priority of payment. If, after application of the payment in the order provided in this paragraph, there remains an excess amount, the Qwarta account holder may request a refund of such excess amount subject to the right of Home Credit to charge an Overpayment Refund Fee per refund. In the event that the Qwarta account holder fails to pay the Minimum Installment Amount Payable on the Payment Due Date, Home Credit reserves the right to temporarily suspend the Qwarta until payment is made. The Qwarta account holder may also choose to avail of the Automatic Debit Arrangement (ADA) wherein the Minimum Amount Payable or Total Statement Balance (whatever is selected by the Qwarta account holder) will be debited every month from the Qwarta account holder’s enrolled bank account three