PROMISE TO PAY definition

PROMISE TO PAY. An agreement with an obligor to make at least one full payment within thirty (30) days.
PROMISE TO PAY. You promise to pay the Credit Union all payments made for your account resulting from the use of the card plus an INTEREST CHARGE on the unpaid balance. At the end of each monthly billing cycle, you will be furnished with a periodic statement showing (I) the "Previous Balance" (the outstanding balance in the account at the beginning of the billing cycle), (ii) the amount of all cash advances, purchases, and INTEREST CHARGES and other fees posted to your account during the billing cycle, (iii) the amount of all payments and credits posted to your account during the billing cycle, and (iv) the "New Balance" which is the sum of (i) and (ii) less (iii). For MasterCard, you agree to pay on or before the "Payment Due Date" shown on the periodic statement either the entire New Balance, or a minimum payment equals to 3% of the New Balance or $25, whichever is greater. If the New Balance is $25 or less, you will pay in full. For Gold MasterCard, you agree to pay on or before the “Payment Due Date" shown on the periodic statement either the entire New Balance, or a minimum payment equals to 3% of the New Balance or $25, whichever is greater. If the New Balance is $25 or less, you will pay in full. In addition to the minimum payment shown on your periodic statement, you agree to pay any amounts in excess of the credit limit established by us and any past due minimum payments. You may make extra payments in advance of the due date without penalty, and you may repay any funds advanced, credit extended, or amount outstanding at any time without penalty for early payment. Regardless of the amount of any extra payments during a given month, a monthly payment will be required the following month if a balance remains in your account. COST OF CREDIT: You will pay an INTEREST CHARGE for all advances made against your account. Cash advances and balance transfers incur an INTEREST CHARGE from the date they are posted to the account. If you have paid your account in full by the due date shown on the previous monthly statement, or there is no previous balance, you have not less than 25 days to repay your account balance before and INTEREST CHARGE on new purchases will be imposed. Otherwise, there is no grace period and new purchases will incur an INTEREST CHARGE from the date they are posted to the account. The periodic rate for MasterCard is .032602% per day, which has a corresponding ANNUAL PERCENTAGE RATE of 11.9%. For Gold MasterCard, the periodic rate is .027123% per day, wh...
PROMISE TO PAY. You promise to pay all amounts due on Your Account. You agree to review Your Billing Statements and to notify Us promptly of any errors (see “Your Billing Rights” below). You may pay all or part of the balance on Your Account at any time. However, You must pay at least the Minimum Payment shown on Your Billing Statement by the due date each month. You agree to follow the requirements for payments that We set forth on Your Billing Statement, including requirements that payments be made in U.S. dollars and checks be drawn on a U.S. bank. If We choose to accept a payment that is not in U.S. dollars or not drawn on a U.S. bank, You agree to pay any collection or conversion fees assessed to Us by third parties. We may accept payments which are marked “payment in full” or with similar markings without losing Our right to receive payment of all amounts due on Your Account. Partial payments offered in full satisfaction of a disputed amount must be sent to the address for notice of billing errors shown on Your Billing Statement. We reserve Our rights as to all such payments.

Examples of PROMISE TO PAY in a sentence

  • BILLIiTGS (Dei'bndant) The UNGOVENANTED SEE VICEBANK (Pl aiktif f ).* Promise to pay a debt barred hy Act I X o f 1872 {Contract Act), s.

  • Promise to pay You promise to pay all charges, including: ● charges you make, even if you do not present your card or sign for the transaction, ● charges that other people make, whether or not you or an Additional Cardmember intend to let them use the Account, subject to applicable law, and ● charges that Additional Cardmembers make or permit others to make.


More Definitions of PROMISE TO PAY

PROMISE TO PAY. The undersigned (the "Borrower"), for value received, does hereby promise to pay to the order of NORTH FORK BANK (the "Bank") at its offices at 000 Xxxx Xxxx, Xxxxxxxxx, Xxx Xxxx 00000, or at any of its branches, the sum of TWO MILLION TWO HUNDRED THOUSAND ($2,200,000) DOLLARS plus interest thereon from the date hereof as set forth herein.
PROMISE TO PAY. You, jointly and severally, promise to pay to LENDER (at XXXXXX’S address set forth on the front of this Agreement) in United States currency, the Amount Financed and other fees and amounts payable as contemplated by this Agreement, plus interest thereon at the Annual Percentage Rate, according to the agreed upon Payment Schedule (all as set forth on the front of this Agreement). Interest will be assessed on a daily basis and a day shall be counted as 1/360 of a year. Any required payment not paid in full within ten (10) days of the due date will be assessed a delinquency charge not to exceed five percent (5%) of the unpaid amount of the payment. Time is of the essence in your performance and payment of the monetary sums set forth by this Agreement. All monetary sums due hereunder shall be paid without prior demand or claim of set-off. You may prepay your loan in full at any time without penalty. If you fail to pay us the amounts owed to us under this Agreement, interest shall continue to accrue (i) at the Annual Percentage Rate on all unpaid amounts owed to us under this Agreement until the final date on which payments are due under this Agreement, (ii) if this Agreement is for a loan with an originally stated repayment period of 180 days or less, at the rate agreed to by the parties hereto in an agreement to extend the outstanding and unpaid indebtedness beyond the originally stated repayment period for up to a maximum of 180 days from the date of this Agreement (a "Rollover"), or (iii) if the parties hereto enter into a Workout Agreement (as defined below), at the rate specified in the Workout Agreement. If you remain in default at the expiration of the last of such periods specified in (i), (ii) or (iii) above, (x) if this Agreement provides for an originally stated repayment period of 180 days or less, interest shall accrue from that point forward at no more than the legal rate specified at the time in 6 Del. C. § 2301, or (y) if this Agreement provides for an originally stated repayment period of more than 180 days, interest shall continue to accrue at the Annual Percentage Rate owed to us under this Agreement until all amounts owed to us hereunder have been paid or otherwise satisfied. If this Agreement provides for an originally stated repayment period of 180 days or less, interest shall cease to accrue hereunder if we take possession of the motor vehicle described above. Xxxxxxxx agrees to pay a returned check charge of $20.00 for any returned che...
PROMISE TO PAY. The undersigned (the "Borrower"), for value received, does hereby promise to pay to the order of MANUFACTURERS AND TRADERS TRUST COMPANY (the "Bank") at its offices at Xxx X & X Xxxxx, Xxxxxxx, Xxx Xxxx 00000, or at any of its branches, the sum of THREE MILLION FIVE HUNDRED SIX THOUSAND EIGHT HUNDRED FIFTY FOUR AND 45/100 ($3,506,854.45) DOLLARS (the “Maximum Loan Amount”), or so much hereof as shall be outstanding, , plus interest thereon from the date hereof as set forth herein.
PROMISE TO PAY. This Loan is being made by Lender to Borrower pursuant to the terms of the Paycheck Protection Program authorized by the Coronavirus Aid, Relief, and Economic Security (CARES) Act (“Program”). In return for the Loan, Bxxxxxxx promises to pay to the order of Lender the amount of $1,953,800.00 , interest on the unpaid principal balance, and all other amounts required by this Note.
PROMISE TO PAY on a Bank of England note means that the Bank will honour its face value forever. The same would be true of the digital pound – its value would be stable and guaranteed by the Bank
PROMISE TO PAY. The undersigned (the “Borrower”) does hereby promise to pay to the order of Capital One, N.A. (the "Lender") at its offices at 000 Xxxxxxxxxxx Xxxx, Xxxxxxxx, Xxx Xxxx 00000, or at any of its branches, the sum of FIVE MILLION AND 00/100 ($5,000,000.00) DOLLARS (the “Note”), or, if less, the aggregate unpaid principal balance of all Advances (as hereinafter defined) plus interest on the outstanding principal balance at a rate equal to either (i) the Effective LIBOR Rate (as hereinafter defined) plus two hundred (200) basis points (each, at times, a “Libor Advance”) or (ii) Capital One, N.A.’s Prime Rate (as hereinafter defined) minus 25/100 (0.25%) percent (each, at times, a “Prime Advance”) on August 1, 2011 (the “LOC Maturity Date”) on which date and at which time all outstanding principal, accrued interest and related charges due to the Lender shall be due and payable.