Common use of Your Promise to Pay Clause in Contracts

Your Promise to Pay. You promise to pay the Bank the total of all outstanding Elastic Cash Advances along with the Finance Charges as described in this Agreement. You agree to pay the Minimum Payment Amount shown on each Periodic Statement on or before the applicable Payment Due Date for such payment. The Minimum Payment Amount consists of the Minimum Principal Payment plus the Finance Charges as described in this Agreement. Payments are credited to your Elastic Account effective as of the day they are received. If your Pay Frequency is Weekly or Bi-weekly, you will have Bi-weekly Billing Cycles and Bi-weekly Payment Due Dates. If your Pay Frequency is Semi-monthly, you will have Semi-monthly Billing Cycles and Semi-monthly Payment Due Dates. If your Pay Frequency is Monthly, you will have Monthly Billing Cycles and Monthly Payment Due Dates. You may experience a delay between the date you make a payment and the time you are able to take additional Cash Advances while we verify that sufficient funds are available and/or we receive credit for any payments drawn on another depository institution. This action will not result in more cost to you. You may make payments toward your unpaid Balance at any time without penalty.

Your Promise to Pay. You promise to pay the Bank the total of all outstanding Elastic Cash Advances along with the Finance Charges as described in this Agreement. You agree to pay the Minimum Payment Amount shown on each Periodic Statement on or before the applicable Payment Due Date for such payment. The Minimum Payment Amount consists of the Minimum Principal Payment for any Cash Advance plus the Finance Charges as described in this Agreement. Payments are credited to your Elastic Account effective as of the day they are received. If your Pay Frequency is Weekly or Bi-weekly, you will have Bi-weekly Billing Cycles and Bi-weekly Payment Due Dates. If your Pay Frequency is Semi-monthly, you will have Semi-monthly Billing Cycles and Semi-monthly Payment Due Dates. If your Pay Frequency is Monthly, you will have Monthly Billing Cycles and Monthly Payment Due Dates. You may experience a delay between the date you make a payment and the time you are able to take additional Cash Advances while we verify that sufficient funds are available and/or we receive credit for any payments drawn on another depository institution. This action will not result in more cost to you. You may make payments toward your unpaid Balance balance at any time without penalty.