Minimum Payment Amount definition

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

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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 acknowledge and agree that we will continue to withhold Merchant Receivables in this manner even if your withheld Merchant Receivables exceed the Minimum Payment Amount for a particular Minimum Payment Period.

• If your withheld Merchant Receivables for an applicable payment period do not equal at least the Minimum Payment Amount by the applicable Minimum Payment Due Date, you authorize us to (a) offset funds from your Stripe Account in an amount equal to the difference between the Minimum Payment Amount and the withheld Merchant Receivables and/or (b) debit your Linked Bank Account in an amount equal to the difference between the Minimum Payment Amount and the withheld Merchant Receivables.

• You agree (i) to pay the Minimum Payment Amount on each Minimum Payment Due Date, and (ii) to pay the Total Repayment Amount in full by the Final Repayment Date.

• If we are unable to successfully debit your Linked Bank Account or if we are notified that your Linked Bank Account has insufficient funds to complete the debit, we may re-attempt to debit your Linked Bank Account up to two additional times to obtain your Minimum Payment Amount.

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 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;

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 is required to be paid by the Cardmember to Hang Seng on or before each Payment Due Date in order to defer full payment of the New Balance subject to Clause 12; “New Balance” means the debit balance of the Credit Card Account for any month owed by the Cardmember to Hang Seng in respect of Card Transactions as shall be specified by Hang Seng in the relevant Credit Card Statement; “Payment Due Date” means the date on which the New Balance is due and payable by the Cardmember to Hang Seng; “person” includes an individual, firm, company, corporation and an unincorporated body of persons; “PIN” means any number, code, mark or credential (including an ATM PIN, a Credit Card Phone Service PIN, a Credit Card Phone Service PIN for e-shopping Card Account or other personal identification number, password, or voice print or other biometric credential) that is used by ▇▇▇▇ ▇▇▇▇ for verifying the identity of a Cardmember for the purpose of providing the Services and handling related matters; “Principal Cardmember” means any person at whose request and to whom a principal Card is issued by ▇▇▇▇ ▇▇▇▇ and his personal representative and lawful sucessors; “Private Label Card” means a private label card which is linked to a principal Card and which carries the identity of an Affinity Group or any design as agreed between Hang Seng and the Affinity Group and is for use at designated outlets of the Affinity Group only subject to the terms and conditions governing the use of the relevant Private Label Card as Hang Seng may reasonably prescribe from time to time; “Services” means such other services and products which Hang Seng may offer to the Cardmember from time to time pursuant to Clause 20; “Supplementary Cardmember” means any person nominated by the Principal Cardmember and to whom a supplementary Card or a Private Label Card is issued by ▇▇▇▇ ▇▇▇▇ and his personal representative and lawful successors; “Telephone Instruction” means any instruction in connection with the Services given by the Cardmember to Hang Seng by the use of telephone in such manner as Hang Seng may from time to time prescribe; and “this Agreement” means this Agreement from time to time in force and all terms and conditions which Hang Seng may specify from time to time pursuant to this Agreement. “Contactless Transactions” means any purchase of goods and/or servi...

Minimum Payment Amount means, in respect of:

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 the Case 1 Minimum Payment, the Case