Common use of Minimum Amount Due Clause in Contracts

Minimum Amount Due. You agree to pay us at least the Minimum Amount Due by the due date specified in your statement. The Minimum Amount Due is calculated as set out in the FPO Financial Table. You can always pay us (i) more than the Minimum Amount Due, (ii) before the due date, (iii) more often than once a month, or (iv) the outstanding balance at any time. Please note that credits for example as a result of goods that are returned to a merchant or a service fee credit, do not constitute a payment and do not satisfy the requirement to pay the Minimum Amount Due.