Requesting Varo Advances Sample Clauses

Requesting Varo Advances. A. Credit Limit B. Interest C. Payment Due Date D. Auto-Repayment Date
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Requesting Varo Advances. You may request Advances from your Advance Account, up to your assigned Credit Limit, once you meet the criteria outlined above. Once an Advance is disbursed, you cannot request another Advance for any reason until the disbursed Advance is paid back in full (principal and fee). For example, if you are eligible for a $100 Advance and you request $20, you may not request a $50 Advance until the $20 Advance is paid back.
Requesting Varo Advances. You may request Varo Advances from your Advance Account, up to your assigned Credit Limit, once you meet the criteria outlined in II.B., “Varo Advance Account Eligibility and Underwriting Requirements.” You agree to only request Xxxx Advances via the Varo Bank “App” and “Web” interface. Once an Advance is disbursed, you cannot request another Advance for any reason until the disbursed Advance is paid back in full (principal and fee). For example, if you are eligible for a $100 Advance and you request $20, you may not request a $50 Advance until the $20 Advance is paid back. You are limited to receiving one Advance per calendar day, even if you repay in full on the same calendar day.

Related to Requesting Varo Advances

  • Allocation of Loan Amounts The Loan shall be withdrawn in a single tranche. The allocation of the amounts of the Loan to this end is set out in the table below: Allocations Amount of the Loan Allocated (expressed in Dollars) Single Tranche $200,000,000 TOTAL AMOUNT $200,000,000 C. Payment of Front-end Fee. No withdrawal shall be made from the Loan Account until the Bank has received payment in full of the Front-end Fee.

  • Cash Advances An Finance Charge will be imposed on cash advances from the date made or from the first day of billing cycle in which the cash advance is posted to your account, whichever is later, and will continue to accrue until the date of payment.

  • Refinancing Preparation Advance If the Financing Agreement provides for the repayment out of the proceeds of the Financing of an advance made by the Association or the Bank (“Preparation Advance”), the Association shall, on behalf of the Recipient, withdraw from the Financing Account on or after the Effective Date the amount required to repay the withdrawn and outstanding balance of the advance as at the date of such withdrawal from the Financing Account and to pay all accrued and unpaid charges, if any, on the advance as at such date. The Association shall pay the amount so withdrawn to itself or the Bank, as the case may be, and shall cancel the remaining unwithdrawn amount of the advance.”

  • Repayment of Advances If the identity of the Servicer shall change, the predecessor Servicer shall be entitled to receive reimbursement for outstanding and unreimbursed Simple Interest Advances made pursuant to Section 4.4 by the predecessor Servicer.

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