Common use of INSTALMENT PAYMENT PLAN Clause in Contracts

INSTALMENT PAYMENT PLAN. If you have applied to participate in the OCBC Instalment Payment Plan (the “Plan”), you authorise/agree/undertake with us as follows: a. You authorise us to pay to the relevant merchant for your purchase of the relevant goods/services (in such manner as may be agreed between the merchant and us) and to debit your Card Account for the purchase price of the goods and services in the number of instalments indicated on the receipt containing details of the Plan. b. We have the discretion to determine the size of each instalment payment as long as the total instalment payments do not exceed the purchase price. c. The first instalment payment will be debited immediately from your Card Account when you purchase the goods and services. Each subsequent instalment payment will be debited on or about the same day in each following month, until the purchase price has been completely debited to the Card Account. d. You agree that the credit limit related to your Card Account will be reduced by such portion of the purchase price that is unpaid, although the same may not be posted to your Card Account as yet. e. If any instalment payment debited to your Card Account is not received by us in full when due, you must pay us the finance charges, interest and fees on the outstanding amounts at our prevailing rate. f. We may at our discretion and without notice to you debit the whole balance of the purchase price then outstanding to your Card Account at any time, in which case such balance will be immediately due and payable by you. g. We may at our discretion impose an administrative fee at such rate as we may determine if the Plan is terminated (whether arising from the termination of your Card Account or otherwise) or if you make a prepayment of any amount under the Plan. We may not offer or make available any Plan in respect of any amounts charged via a Digital Payment System.

Appears in 8 contracts

Samples: Cardmember Agreement, Cardmember Agreement, Cardmember Agreement

AutoNDA by SimpleDocs

INSTALMENT PAYMENT PLAN. If you have applied to participate in the OCBC DBS Instalment Payment Plan (the “Plan”), you authorise/agree/undertake with us as follows: a. 8.1. You authorise us to pay to the relevant merchant for your purchase of the relevant goods/services (in such manner as may be agreed between the merchant and us) and to debit your Card Account for the purchase price of the goods and services in the number of instalments indicated on the receipt containing details of the Plan. b. 8.2. We have the discretion to determine the size of each instalment payment as long as the total instalment payments do not exceed the purchase price. c. 8.3. The first instalment payment will be debited immediately from your Card Account when you purchase on the goods and servicesnext statement date of your Card Account (which will be the date reflected as the “statement date” in the respective Card Account Statement). Each subsequent instalment payment will be debited on or about the same day in each following month, until the purchase price has been completely debited to the Card Account. d. 8.4. You agree that the credit limit related to your Card Account will be reduced by such portion of the purchase price that is unpaid, although the same may not be posted to your Card Account as yetsame. e. 8.5. If any instalment payment debited to your Card Account is not received by us paid in full when duedue and payable, you must pay us the finance charges, interest and fees on the outstanding amounts at our prevailing rate. f. 8.6. We may at our discretion and without notice to you debit the whole balance of the purchase price then outstanding to your Card Account at any time, in which case such balance will be immediately due and payable by you. g. 8.7. We may at our discretion impose an administrative fee at such rate as we may determine if the Plan is terminated (whether arising from the termination of your Card Account or otherwise) or if you make a prepayment of any amount under the Plan. 8.8. We may You will not offer hold us responsible in any way for any goods/services supplied or make available not supplied by any Plan in respect merchant or the quality or performance of any amounts charged via a Digital Payment Systemgoods/services pursuant to or in relation to any card transaction. Any dispute or complaint which you may have against any merchant must be resolved directly between you and the merchant and such dispute or complaint or any claim or right of set-off which you may have against the merchant shall in no way affect your liabilities and/or obligations under this Agreement.

Appears in 5 contracts

Samples: Posb Everyday Card Agreement, Posb Everyday Card Agreement, Card Agreement

INSTALMENT PAYMENT PLAN. If you have applied to participate in the OCBC Instalment Payment Plan (the “Plan”), you authorise/agree/undertake with us as follows: a. (a) You authorise us to pay to the relevant merchant for your purchase of the relevant goods/services (in such manner as may be agreed between the merchant and us) and to debit your Card Account for the purchase price of the goods and services in the number of instalments indicated on the receipt containing details of the Plan. b. (b) We have the discretion to determine the size of each instalment payment as long as the total instalment payments do not exceed the purchase price. c. (c) The first instalment payment will be debited immediately from your Card Account when you purchase the goods and services. Each subsequent instalment payment will be debited on or about the same day in each following month, until the purchase price has been completely debited to the Card Account. d. (d) You agree that the credit limit related to your Card Account will be reduced by such portion of the purchase price that is unpaid, although the same may not be posted to your Card Account as yet. e. (e) If any instalment payment debited to your Card Account is not received by us paid in full when due, you must pay us the finance charges, interest and fees on the outstanding amounts at our prevailing rate. f. (f) We may at our discretion and without notice to you debit the whole balance of the purchase price then outstanding to your Card Account at any time, in which case such balance will be immediately due and payable by you. g. (g) We may at our discretion impose an administrative fee at such rate as we may determine if the Plan is terminated (whether arising from the termination of your Card Account or otherwise) or if you make a prepayment of any amount under the Plan. We may not offer or make available any Plan in respect of any amounts charged via a Digital Payment System.

Appears in 4 contracts

Samples: Cardmember Agreement, Cardmember Agreement, Cardmember Agreement

INSTALMENT PAYMENT PLAN. If you have applied to participate in the OCBC DBS Instalment Payment Plan (the “Plan”), you authorise/agree/undertake with us as follows: a. 8.1. You authorise us to pay to the relevant merchant for your purchase of the relevant goods/services (in such manner as may be agreed between the merchant and us) and to debit your Card Account for the purchase price of the goods and services in the number of instalments indicated on the receipt containing details of the Plan. b. 8.2. We have the discretion to determine the size of each instalment payment as long as the total instalment payments do not exceed the purchase price. c. 8.3. The first instalment payment will be debited immediately from your Card Account when you purchase on the goods and servicesnext statement date of your Card Account (which will be the date reflected as the “statement date” in the respective Card Account Statement). Each subsequent instalment payment will be debited on or about the same day in each following month, until the purchase price has been completely debited to the Card Account. d. 8.4. You agree that the credit limit related to your Card Account will be reduced by such portion of the purchase price that is unpaid, although the same may not be posted to your Card Account as yet. e. 8.5. If any instalment payment debited to your Card Account is not received by us paid in full when duedue and payable, you must pay us the finance charges, interest and fees on the outstanding amounts at our prevailing rate. f. 8.6. We may at our discretion and without notice to you debit the whole balance of the purchase price then outstanding to your Card Account at any time, in which case such balance will be immediately due and payable by you. g. 8.7. We may at our discretion impose an administrative fee at such rate as we may determine if the Plan is terminated (whether arising from the termination of your Card Account or otherwise) or if you make a prepayment of any amount under the Plan. 8.8. We may You will not offer hold us responsible in any way for any goods/services supplied or make available not supplied by any Plan in respect merchant or the quality or performance of any amounts charged via a Digital Payment Systemgoods/services pursuant to or in relation to any card transaction. Any dispute or complaint which you may have against any merchant must be resolved directly between you and the merchant and such dispute or complaint or any claim or right of set-off which you may have against the merchant shall in no way affect your liabilities and/or obligations under this Agreement.

Appears in 3 contracts

Samples: Credit Card Agreement, Credit Card Agreement, Credit Card Agreement

INSTALMENT PAYMENT PLAN. If you have applied to participate in the OCBC Instalment Payment Plan (the “Plan”), you authorise/agree/undertake with us as follows: a. You authorise us to pay to the relevant merchant for your purchase of the relevant goods/services (in such manner as may be agreed between the merchant and us) and to debit your Card Account for the purchase price of the goods and services in the number of instalments indicated on the receipt containing details of the Plan. b. We have the discretion to determine the size of each instalment payment as long as the total thetotal instalment payments do not exceed the purchase price. c. The first instalment payment will be debited immediately from your Card Account when you purchase the goods and services. Each subsequent instalment payment will be debited on or about the same day in each following month, until the purchase price has been completely debited to the Card Account. d. You agree that the credit limit related to your Card Account will be reduced by such portion of the purchase price that is unpaid, although the same may not be posted to your Card Account as yet. e. If any instalment payment debited to your Card Account is not received by us in full when due, you must pay us the finance charges, interest and fees on the outstanding amounts at our prevailing rate. Oversea-Chinese Banking Corporation Limited Xx.Xxx.Xx.: 193200032W f. We may at our discretion and without notice to you debit the whole balance of the purchase price then outstanding to your Card Account at any time, in which case such balance will be immediately due and payable by you. g. We may at our discretion impose an administrative fee at such rate as we may determine if the Plan is terminated (whether arising from the termination of your Card Account or otherwise) or if you make a prepayment of any amount under the Plan. We may not offer or make available any Plan in respect of any amounts charged via a Digital Payment System.

Appears in 1 contract

Samples: Cardmember Agreement

AutoNDA by SimpleDocs

INSTALMENT PAYMENT PLAN. If you have applied to participate in the OCBC DBS Instalment Payment Plan (the “Plan”), you authorise/agree/undertake with us as follows: a. 8.1. You authorise us to pay to the relevant merchant for your purchase of the relevant goods/services (in such manner as may be agreed between the merchant and us) and to debit your Card Account for the purchase price of the goods and services in the number of instalments indicated on the receipt containing details of the Plan. b. 8.2. We have the discretion to determine the size of each instalment payment as long as the total instalment payments do not exceed the purchase price. c. 8.3. The first instalment payment will be debited immediately from your Card Account when you purchase on the goods and servicesnext statement date of your Card Account (which will be the date reflected as the “statement date” in the respective Card Account Statement). Each subsequent instalment payment will be debited on or about the same day in each following month, until the purchase price has been completely debited to the Card Account. d. 8.4. You agree that the credit limit related to your Card Account will be reduced by such portion of the purchase price that is unpaid, although the same may not be posted to your Card Account as yet. e. 8.5. If any instalment payment debited to your Card Account is not received by us paid in full when duedue and payable, you must pay us the finance charges, interest and fees on the outstanding amounts at our prevailing rate. f. 8.6. We may at our discretion and without notice to you debit the whole balance of the purchase price then outstanding to your Card Account at any time, in which case such balance will be immediately due and payable by you. g. We may at our discretion impose an 8.7. An administrative fee at such rate as we may determine if the Plan is terminated (whether arising from the termination charge of your S$150 will be levied for early repayment and/or Card Account termination. In the event of Card Account termination, the outstanding balance under the IPP shall become payable immediately. 8.8. You will not hold us responsible in any way for any goods/services supplied or otherwise) not supplied by any merchant or if you make a prepayment the quality or performance of any amount goods/services pursuant to or in relation to any card transaction. Any dispute or complaint which you may have against any merchant must be resolved directly between you and the merchant and such dispute or complaint or any claim or right of set-off which you may have against the merchant shall in no way affect your liabilities and/or obligations under the Plan. We may not offer or make available any Plan in respect of any amounts charged via a Digital Payment Systemthis Agreement.

Appears in 1 contract

Samples: DBS Card Agreement

INSTALMENT PAYMENT PLAN. If you have applied to participate in the OCBC Instalment Payment Plan (the “Plan”), you authorise/agree/undertake with us as follows: a. You authorise us to pay to the relevant merchant for your purchase of the relevant goods/services (in such manner as may be agreed between the merchant and us) and to debit your Card Account for the purchase price of the goods and services in the number of instalments indicated on the receipt containing details of the Plan. b. We have the discretion to determine the size of each instalment payment as long as the total instalment payments do not exceed the purchase price. c. The first instalment payment will be debited immediately from your Card Account when you purchase the goods and services. Each subsequent instalment payment will be debited on or about the same day in each following month, until the purchase price has been completely debited to the Card Account. d. You agree that the credit limit related to your Card Account will be reduced by such portion of the purchase price that is unpaid, although the same may not be posted to your Card Account as yet. e. If any instalment payment debited to your Card Account is not received by us paid in full when due, you must pay us the finance charges, interest and fees on the outstanding amounts at our prevailing rate. f. We may at our discretion and without notice to you debit the whole balance of the purchase price then outstanding to your Card Account at any time, in which case such balance will be immediately due and payable by you. g. We may at our discretion impose an administrative fee at such rate as we may determine if the Plan is terminated (whether arising from the termination of your Card Account or otherwise) or if you make a prepayment of any amount under the Plan. We may not offer or make available any Plan in respect of any amounts charged via a Digital Payment System.

Appears in 1 contract

Samples: Terms and Conditions Governing Debit Cards Accounts

INSTALMENT PAYMENT PLAN. If you have applied to participate in the OCBC Instalment Payment Plan (the “Plan”), you authorise/agree/undertake with us as follows: a. (a) You authorise us to pay to the relevant merchant for your purchase of the relevant goods/services (in such manner as may be agreed between the merchant and us) and to debit your Card Account for the purchase price of the goods and services in the number of instalments indicated on the receipt containing details of the Plan. b. (b) We have the discretion to determine the size of each instalment payment as long as the total instalment payments do not exceed the purchase price. c. (c) The first instalment payment will be debited immediately from your Card Account when you purchase the goods and services. Each subsequent instalment payment will be debited on or about the same day in each following month, until the purchase price has been completely debited to the Card Account. d. (d) You agree that the credit limit related to your Card Account will be reduced by such portion of the purchase price that is unpaid, although the same may not be posted to your Card Account as yet. e. (e) If any instalment payment debited to your Card Account is not received by us in full when due, you must pay us the finance charges, interest and fees on the outstanding amounts at our prevailing rate. f. (f) We may at our discretion and without notice to you debit the whole balance of the purchase price then outstanding to your Card Account at any time, in which case such balance will be immediately due and payable by you. g. (g) We may at our discretion impose an administrative fee at such rate as we may determine if the Plan is terminated (whether arising from the termination of your Card Account or otherwise) or if you make a prepayment of any amount under the Plan. We may not offer or make available any Plan in respect of any amounts charged via a Digital Payment System.

Appears in 1 contract

Samples: Cardmember Agreement

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