Common use of Budget facility Clause in Contracts

Budget facility. 22.1 On your request and at our discretion, we may make the budget facility available to you. 22.2 This budget facility entitles you to pay for transactions over an extended period as stipulated by you according to our guidelines. 22.3 Fluctuations in interest rates may cause the period of payment to be extended or reduced. 22.4 Your first budget instalment on a purchase made using your budget facility will only be deducted from your straight facility on the second billing date after the date of your purchase. You can make additional payments into your budget facility at any stage during the budget period. 22.5 If you choose to make use of the budget facility, the total amount outstanding, the monthly repayment, the current interest rate and other charges will be shown on your monthly account statement. 22.6 If you fail to pay any one instalment by the due date, the whole amount may become immediately due and payable. 22.7 Your monthly budget instalment is debited from your straight facility and not your budget facility. 22.8 You must expressly instruct us if payments made into your straight facility are intended to be allocated to the budget facility.

Appears in 4 contracts

Samples: Credit Card Account and Credit Facility Terms and Conditions, Credit Card Account and Credit Facility Terms and Conditions, Credit Card Account and Credit Facility Terms and Conditions

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Budget facility. 22.1 24.1 On your request and request, we may, at our discretion, we may make the budget facility available to you. 22.2 24.2 This budget facility entitles you to pay for transactions over an extended period as stipulated by you according to our guidelines. 22.3 24.3 Fluctuations in interest rates may cause the period of payment to be extended or reduced. 22.4 24.4 Your first budget instalment on a purchase made using your budget facility will only be deducted from your straight facility on the second billing date after the date of your purchase. You can make additional payments into your budget facility at any stage during the budget period. 22.5 24.5 If you choose to make use of the budget facility, the total amount outstanding, the monthly repayment, the current interest rate and other charges will be shown on your monthly account statement. 22.6 24.6 If you fail to pay any one instalment by the due date, the whole amount may become immediately due and payable. 22.7 24.7 You may make additional payments to your budget facility without penalty. 24.8 Your monthly budget instalment is debited from your straight facility and not your budget facility. 22.8 24.9 You must expressly instruct us if payments made into your straight facility are intended to be allocated to the budget facility.

Appears in 3 contracts

Samples: Credit Card Account and Credit Facility Terms and Conditions of Use, Credit Card Account and Credit Facility Terms and Conditions, Credit Card Account and Credit Facility Terms and Conditions

Budget facility. 22.1 23.1 On your request and at our discretion, we may make the budget facility available to you. 22.2 23.2 This budget facility entitles you to pay for transactions over an extended period as stipulated by you according to our guidelines. 22.3 23.3 Fluctuations in interest rates may cause the period of payment to be extended or reduced. 22.4 23.4 Your first budget instalment on a purchase made using your budget facility will only be deducted from your straight facility on the second billing date after the date of your purchase. You can make additional payments into your budget facility at any stage during the budget period. 22.5 23.5 If you choose to make use of the budget facility, the total amount outstanding, the monthly repayment, the current interest rate and other charges will be shown on your monthly account statement. 22.6 23.6 If you fail to pay any one instalment by the due date, the whole amount may become immediately due and payable. 22.7 23.7 Your monthly budget instalment is debited from your straight facility and not your budget facility. 22.8 23.8 You must expressly instruct us if payments made into your straight facility are intended to be allocated to the budget facility.

Appears in 2 contracts

Samples: Credit Card Account and Credit Facility Agreement, Credit Card Account and Credit Facility Terms and Conditions

Budget facility. 22.1 24.1 On your request and at our discretion, we may make the budget facility available to you. 22.2 24.2 This budget facility entitles you to pay for transactions over an extended period as stipulated by you according to our guidelines. 22.3 24.3 Fluctuations in interest rates may cause the period of payment to be extended or reduced. 22.4 24.4 Your first budget instalment on a purchase made using your budget facility will only be deducted from your straight facility on the second billing date after the date of your purchase. You can make additional payments into your budget facility at any stage during the budget period. 22.5 24.5 If you choose to make use of the budget facility, the total amount outstanding, the monthly repayment, the current interest rate and other charges will be shown on your monthly account statement. 22.6 24.6 If you fail to pay any one instalment by the due date, the whole amount may become immediately due and payable. 22.7 24.7 Your monthly budget instalment is debited from your straight facility and not your budget facility. 22.8 24.8 You must expressly instruct us if payments made into your straight facility are intended to be allocated to the budget facility.

Appears in 1 contract

Samples: Credit Card Account and Credit Facility Agreement

Budget facility. 22.1 23.1. On your request and at our discretion, we may make the budget facility available to you. 22.2 23.2. This budget facility entitles you to pay for transactions over an extended period as stipulated by you according to our guidelines. 22.3 23.3. Fluctuations in interest rates may cause the period of payment to be extended or reduced. 22.4 23.4. Your first budget instalment installment on a purchase made using your budget facility will only be deducted from your straight facility on the second billing date after the date of your purchase. You can make additional payments into your budget facility at any stage during the budget period. 22.5 23.5. If you choose to make use of the budget facility, the total amount outstanding, the monthly repayment, the current interest rate and other charges will be shown on your monthly account statement. 22.6 23.6. If you fail to pay any one instalment installment by the due date, the whole amount may become immediately due and payable. 22.7 23.7. Your monthly budget instalment installment is debited from your straight facility and not your budget facility. 22.8 23.8. You must expressly instruct us if payments made into your straight facility are intended to be allocated to the budget facility.

Appears in 1 contract

Samples: Credit Card Account and Credit Facility Agreement

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Budget facility. 22.1 25.1 On your request and request, we may, at our discretion, we may make the budget facility available to you. 22.2 25.2 This budget facility entitles you to pay for transactions over an extended period as stipulated by you according to our guidelines. 22.3 25.3 Fluctuations in interest rates may cause the period of payment to be extended or reduced. 22.4 25.4 Your first budget instalment on a purchase made using your budget facility will only be deducted from your straight facility on the second billing date after the date of your purchase. You can make additional payments into your budget facility at any stage during the budget period. 22.5 25.5 If you choose to make use of the budget facility, the total amount outstanding, the monthly repayment, the current interest rate and other charges will be shown on your monthly account statement. 22.6 25.6 If you fail to pay any one instalment by the due date, the whole amount may become immediately due and payable. 22.7 25.7 You may make additional payments to your budget facility without penalty. 25.8 Your monthly budget instalment is debited from your straight facility and not your budget facility. 22.8 25.9 You must expressly instruct us if payments made into your straight facility are intended to be allocated to the budget facility.

Appears in 1 contract

Samples: Credit Card Account and Credit Facility Terms and Conditions of Use

Budget facility. 22.1 9.1 On your request and request, we may, at our discretion, we may make the budget facility available to you. 22.2 9.2 This budget facility entitles you to pay for transactions over an extended period as stipulated by you according to our guidelines. 22.3 9.3 Fluctuations in interest rates may cause the period of payment to be extended or reduced. 22.4 9.4 Your first budget instalment installment on a purchase made using your budget facility will only be deducted from your straight facility on the second billing date after the date of your purchase. You can make additional payments into your budget facility at any stage during the budget period. 22.5 9.5 If you choose to make use of the budget facility, the total amount outstanding, the monthly repayment, the current interest rate and other charges will be shown on your monthly account statement. 22.6 9.6 If you fail to pay any one instalment installment by the due date, the whole amount may become immediately due and payable. 22.7 9.7 You may make additional payments to your budget account without penalty. 9.8 Your monthly budget instalment installment is debited from your straight facility and not your budget facility. 22.8 9.9 You must expressly instruct us if payments made into your straight facility are intended to be allocated to the budget facility.

Appears in 1 contract

Samples: Credit Card Agreement

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