Minimum Payment Amount definition

Minimum Payment Amount means, in respect of a Security, the amount so specified in the relevant Pricing Supplement.

Minimum Payment Amount means either 5% of the outstanding balance or minimum payment amount that the Bank may specify in the applicable Statement of Account.

Minimum Payment Amount. : shall mean the minimum amount payable by the Cardholder to the Bank in each statement period.

Examples of Minimum Payment Amount in a sentence

• You shall not use the Business Overdraft Facility to settle the Minimum Payment Amount.

• Each month, you shall pay at least the Minimum Payment Amount, on or before the respective due date(s) of payment as stated in the Statement of Account.

• If the Minimum Payment Amount or any other sum(s) is not paid on its respective due dates of payment therefore, the Bank shall be entitled to charge a fee as stated in the Notification Letter.

• The Bank reserves the right to vary the minimum payment requirements (including, without limitation, the Minimum Payment Amount) and the due date of payment at its absolute discretion without prior notice to you.

• The Minimum Payment Amount shall include, among others, the sum amounting to a given percentage stated in the Notification Letter, of the month end balance as set out in the relevant monthly Statement of Account, the Excess Sum and where applicable, any overdue payments in respect of the Account.

More Definitions of Minimum Payment Amount

Minimum Payment Amount means the amount calculated in accordance with the formula set out in the Schedule of Fees and Charges and payable by the Cardmember under Clause D(1) (4.5).

Minimum Payment Amount means the minimum payment you agree to make each Billing Cycle, consisting of the Minimum Principal Payment Amount plus any Finance Charges.

Minimum Payment Amount means such minimum amount of the New Balance as the Bank may specify from time to time at its sole discretion and notify to the Cardholder and which shall be paid by the Cardholder to the Bank on or before each Payment Due Date.

Minimum Payment Amount means Fifty-Three Million Dollars (US $53,000,000), unless, pursuant to the provisions of Section 3.4E, such amount is increased to [*].

Minimum Payment Amount means the Case 1 Minimum Payment, the Case

Minimum Payment Amount means the minimum amount payable by the Cardholder on or before the Payment Due Date as determined by the Bank.

Minimum Payment Amount means such minimum amount of the New Balance as Hang Seng may specify from time to time at its discretion and notify to the Cardmember which shall be paid by the Cardmember to Hang Seng on or before each Payment Due Date;