Minimum Repayment definition

Minimum Repayment means either (a) 5% (five per cent) of the Balance Outstanding on the Account on the Statement Date; or (b) £10 (ten pounds), whichever is the greater except where the Balance Outstanding is less than £10 (ten pounds) in which case the Minimum Repayment will be the Balance Outstanding. In either case, any Fees applied to your Account during the previous Statement Period (excluding the Annual Fee) will be added to your Minimum Repayment.
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Minimum Repayment means the amount due shown on your statement;
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Minimum Repayment. Up until 13/11/2022: means either (a) 5% (five per cent) of the Balance Outstanding on the Account on the Statement Date; or (b) £10 (ten pounds), whichever is the greater except where the Balance Outstanding is less than £10 (ten pounds) in which case the Minimum Repayment will be the Balance Outstanding. In either case, any Fees applied to your Account during the previous Monthly Statement Period (excluding the Annual Fee) will be added to your Minimum Repayment. On or after 14/11/2022: means the greater of the following: • £10 (or the total Balance Outstanding if it’s less than £10); or • 2% of the Balance Outstanding on the Account on the Statement Date, plus all interest charged for the previous Monthly Statement Period, plus any Fees applied to your Account during the previous Monthly Statement Period (excluding the Annual Fee), plus any Instalment Plan payment due for that month (if applicable)
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Examples of Minimum Repayment in a sentence

  • If any Event of Default occurs, the Tokenholders’ Representative has the right, but not the obligation, to serve a written notice of default (“Default Notice”), such notice having the effect that the Bond shall become immediately due and payable at the Minimum Repayment Amount plus accrued interest, if any, on the day the Default Notice is served.

  • Charges If You fail to pay the Minimum Repayment when due You may be liable for any reasonable costs and charges that We incur or pay to a third party, including collection agency fees and legal costs.

  • This also means that if you do not repay the Balance Outstanding in full on or before up to 56 days after you made the purchase or only repay part of the Balance Outstanding or the Minimum Repayment, we will charge you our standard interest rate of [***APUR***]% (variable) per annum on the remaining amount of any purchase you have made which forms part of the Balance Outstanding from the date on which you made the purchase.

  • Where Your Minimum Repayment or other repayment is not sufficient to pay off the whole of the Balance Outstanding, any repayment will be applied first to accrued interest with the highest interest rate, fees and then to the Balance Outstanding.

  • Where Your Minimum Repayment or other repayment is not sufficient to pay off the whole of the Balance Outstanding, any repayment will be applied first to accrued interest with the highest interest rate, fees, and then to the Balance Outstanding.

  • Please arrange for my/our payment to be $ □ Minimum Repayment If interest rates or loan balance change we will automatically adjust repayments to reflect the new minimum repayment.

  • Minimum Repayment Amount [--] The minimum repayment amount shall not be less than percent ( %) of the previously refunded amount including interest.

  • ICMR shall not be required to repay principal or interest on the DTV Loan unless and until ICMR has collected the Minimum Repayment Funds nor shall ICMR be required to repay principal or interest on the DTV Loan from any source other than Repayment Funds.


More Definitions of Minimum Repayment

Minimum Repayment means the minimum amount to be paid by you, as advised by us and as reflected on your latest monthly Statement or Interest Rate Change Letter;
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Minimum Repayment means the minimum amount to be paid by you, as advised by us and as reflected on your latest monthly Statement or Interest Rate Change Letter (as applicable);
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Minimum Repayment means the minimum amount to be paid by you, as set out in clause 4 of Part A of this Agreement;
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Related to Minimum Repayment

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Loan repayment means the cancellation and repayment of loans

  • Extended Repayment Date shall have the meaning provided in Section 2.5(c).

  • Scheduled Repayment shall have the meaning provided in Section 4.02(a).

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the earlier of (i) the date falling six (6) Months from the relevant Utilisation Date and (ii) the Facility Repayment Date.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Partial Prepayment Amount means the amount required to prepay a portion of the Annual Special Tax obligation for an Assessor’s Parcel as described in Section H.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • Maximum Revolving Advance Amount means $30,000,000.

  • Default Repayment Date means the settlement date set out by the Bond Trustee in a Default Notice requesting early redemption of the Bonds.

  • Final Repayment Date means the date falling on the earlier of (i) the date falling on the sixth anniversary of the Drawdown Date and (ii) 30 November 2023.

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Term Advance has the meaning specified in Section 2.01(a).

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Replenishment Amount has the meaning assigned to such term in Section 2.06(b).