Common use of Calculation Method Clause in Contracts

Calculation Method. Except as set out under “Statements” below, we calculate AIR MILES Reward Miles at the end of each billing period for your card account and Xxxxx earned will be credited to your Collector account after the billing period in which the purchases are posted to your card account. Subject to these terms and conditions, we calculate Miles based on the aggregate amount of purchases posted to your card account each billing period, less returns and adjustments. However, Xxxxx are only issued in whole numbers and will only be issued when and if an incremental Mile is earned in accordance with the applicable earn rate. Any remaining dollar amount that is less than the applicable earn rate for the issuance of one Mile at the end of the billing period will be disregarded and will not be accumulated or included in the calculation of Xxxxx for the next billing period.

Appears in 2 contracts

Samples: Cardmember Agreement, Cardmember Agreement

AutoNDA by SimpleDocs

Calculation Method. Except as set out under “Statements” below, we calculate AIR MILES Reward Miles at throughout the end of each billing period for your card account and but Xxxxx earned will only be credited to your Collector account after the billing period in which the purchases are posted to your card account. Subject to these terms and conditions, we calculate Miles based on the aggregate amount of purchases posted to your card account each billing period, less returns and adjustments. However, Xxxxx are only issued in whole numbers and will only be issued when and if an incremental Mile is earned in accordance with the applicable earn rate. Any remaining dollar amount that is less than the applicable earn rate for the issuance of one Mile at the end of the billing period will be disregarded and will not be accumulated or included in the calculation of Xxxxx for the next billing period.

Appears in 2 contracts

Samples: Cardmember Agreement, Cardmember Agreement

Calculation Method. Except as set out under “Statements” below, we calculate AIR MILES Reward Miles at the end of each billing period for your card account and Xxxxx Miles earned will be credited to your Collector account after the billing period in which the purchases are posted to your card account. Subject to these terms and conditions, we calculate Miles based on the aggregate amount of purchases posted to your card account each billing period, less returns and adjustments. However, Xxxxx Miles are only issued in whole numbers and will only be issued when and if an incremental Mile is earned in accordance with the applicable earn rate. Any remaining dollar amount that is less than the applicable earn rate for the issuance of one Mile at the end of the billing period will be disregarded and will not be accumulated or included in the calculation of Xxxxx Miles for the next billing period.

Appears in 2 contracts

Samples: Cardmember Agreement, Cardmember Agreement

AutoNDA by SimpleDocs

Calculation Method. Except as set out under “Statements” below, we calculate AIR MILES Reward Miles at throughout the end of each billing period for your card account and Xxxxx but Miles earned will only be credited to your Collector account after the billing period in which the purchases are posted to your card account. Subject to these terms and conditions, we calculate Miles based on the aggregate amount of purchases posted to your card account each billing period, less returns and adjustments. However, Xxxxx Miles are only issued in whole numbers and will only be issued when and if an incremental Mile is earned in accordance with the applicable earn rate. Any remaining dollar amount that is less than the applicable earn rate for the issuance of one Mile at the end of the billing period will be disregarded and will not be accumulated or included in the calculation of Xxxxx Miles for the next billing period.

Appears in 2 contracts

Samples: Cardmember Agreement, Cardmember Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!