Common use of Minimum Payment Due Clause in Contracts

Minimum Payment Due. The minimum payment due each month will be either (a) the entire Balance shown on your billing statement if the Balance is less than $10.00; or (b) the greater of $10.00 or 2% of the Balance rounded up to the next dollar. You must pay the Minimum Payment by the Due Date to avoid being in Default. You may at any time pay all or any part of your Balance without penalty.

Appears in 3 contracts

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

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Minimum Payment Due. The minimum payment due each month will be either (a) the entire Balance shown on your billing statement if the Balance is less than $10.00; or (b) the greater of $10.00 or an amount equal to 2% of the Balance rounded up to the next dollarBalance. You must pay the Minimum Payment by the Due Date to avoid being in Default. You may at any time pay all or any part of your Balance without penalty.

Appears in 2 contracts

Samples: Credit Card Agreement, Credit Card Agreement

Minimum Payment Due. The minimum payment due each month will be either (a) the entire Balance shown on your billing statement if the Balance is less than $10.00; or (b) the greater of $10.00 or 22.5% of the Balance rounded up to the next dollarbalance or $50.00, whichever is greater. You must pay the Minimum Payment by the Due Date to avoid being in Default. You may at any time pay all or any part of your Balance without penalty.

Appears in 1 contract

Samples: Revolving Line of Credit Agreement

Minimum Payment Due. The minimum payment due each month will be either (a) the entire Balance shown on your billing statement if the Balance is less than $10.00; or (b) the greater of $10.00 or 2% of the Balance rounded up to the next dollar. You must pay the Minimum Payment by the Due Date to avoid being in Default. You may at any time pay all or any part of your Balance without penaltypenalty provided the Minimum Payment is met.

Appears in 1 contract

Samples: Credit Card Agreement

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Minimum Payment Due. The minimum payment due each month will be either (a) the entire New Balance shown on your billing statement if the New Balance is less than $10.00; or (b) the greater of $10.00 or an amount equal to 2% of the Balance rounded up to the next dollar. You must pay the Minimum Payment by the Due Date to avoid being in Default. You may at any time pay all or any part of your Balance without penaltyNew Balance.

Appears in 1 contract

Samples: Credit Card Agreement

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