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

  • PAYING YOUR BILL PROMISE TO PAY You promise to pay for all: • credit we extend; plus • Interest charges and other fees or charges; plus • collection costs and attorney fees as allowed by law.

  • I PROMISE TO PAY to the Alaska Commission on Postsecondary Education the loan amount advanced plus interest and fees.

  • PROMISE TO PAYI, therefore, PROMISE TO PAY the GEORGIA STUDENT FINANCE AUTHORITY (GSFA), its successor(s) or assign(s) in interests (hereinafter called “Holder”), the sum of (dollar amount) , $ , TO THE EXTENT SUCH SUM IS ADVANCED TO ME, plus simple interest and any additional amounts that may be applied to the loan.

  • PROMISE TO PAY: I promise to pay the School, or a subsequent holder of the Note, all sums disbursed under the terms of this Note, plus interest and other fees which may become due as provided in this Note.

  • Overseas Agent(s) UNCONDITIONAL PROMISE TO PAY AND GUARANTEE OF FREIGHT PAYMENT: Overseas Agent will be absolutely and unconditionally liable to Direct Express, Inc for payment of all freight and charges due and guarantee that they will pay Direct Express, Inc.


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. A late fee will be assessed on the 11th day after a payment is due in the amount of 5% of the unpaid portion of the payment or $10.00, whichever is less. 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.
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, Boxxxxxx xromises to pay to the order of Lender the amount of $1,233,656.00 Dollars, interest on the unpaid principal balance, and all other amounts required by this Note.
PROMISE TO PAY. The Agreement governs your repayment to us in connection with funds we disbursed at your direction and on your behalf to Straight Trays llc to acquire certain merchandise or services that you have selected. You promise to pay the sum of your down payment and other payment amounts under this Agreement as it may be r evised by the Final Payment Schedule (inclusive of all taxes and fees), according to the amounts displayed above un der in the “Due Today” and “Future Payment Schedule” (together, your “Payment Schedule”) plus all other charges accruing under this Agreement until paid in full and you understand that your final “Due Today” amount and final “ Future Payment Schedule” will be provided to you electronically as a supplement to this Agreement (the “Final Pay ment Schedule.”) THERE ARE NO FINANCE CHARGES AND NO INTEREST PAYMENTS ASSOCIATED WITH THIS AGRE EMENT. Please note that Section 9 of this Agreement includes provisions that govern how claims we may have against each o ther are resolved. These provisions limit our liability and may require arbitration for a dispute that you assert against us. The Agreement includes important terms regarding your rights related to fees, dispute resolution and governing law. This Agreement incorporates by reference all terms and conditions of our U.S. Terms of Service and U.S. Privacy P olicy unless explicitly superseded by this Agreement. In the event of a conflict with the U.S. Terms of Service or U.
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