THE DEBIT Clause Samples
THE DEBIT. You must be the designated Policyowner or the Payor of the policy contract and you must be the holder of the credit card on which the debit is made. • The amount of the debit will vary in accordance with the premium as provided for in the policy contract. • If the amount of the debit should vary, Humania Assurance is not required to provide notification. • Unless otherwise indicated by you, this Agreement shall be valid for all renewals and conversions of your policy contract.
THE DEBIT. The STATE recognizes and declares, for the purposes of this instrument, subject to the matters in the Sole Paragraph of this Clause, the debit owed by itself to CEMIG under the CONTRACT, as amended, in the total amount of R$ 2.941.599.110,03 (two billion, nine hundred and forty-one million, five hundred and ninety-nine thousand, one hundred and ten Reais and three centavos), base date December 31, 2004, made up of the past due and unpaid installments of the principal, and also the installments yet to become due, all duly updated and augmented by contractual charges up to the base date (hereinafter referred to simply as “the DEBIT”).