Common use of Non-Conforming Payments Clause in Contracts

Non-Conforming Payments. We may reject any payments that do not comply with the Making Payment section set forth in this Agreement or on your Statement (each a “Non-conforming Payment”) in our discretion. If we accept a Non-conforming Payment, crediting your Account for the payment may be delayed and may result in additional interest billed to your Account. We may accept any Non-conforming Payments, late payments, partial payments or payments with restrictive endorsements, without losing any of our rights, including our right to close your Account. We may deposit any payment you send us for less than the total outstanding balance of your Account that you mark “paid in full” or with any similar language or otherwise seek to provide as full satisfaction of the amount owed. If we do, this payment will not fully satisfy the amount owed or otherwise affect our right to payment in full. INTEREST RATES (APRs) AND HOW WE CALCULATE THEM Where to find them. The APRs in effect on your account are listed in the Schedule. How we calculate variable APRs. Each variable APR is determined by adding the margin to the Index as listed in the Schedule. An increase in the Index will increase a variable APR (and its daily periodic rate). An increase in a variable APR may increase the minimum payment due and interest charged on your account. How we calculate daily periodic rates. To determine the daily periodic rate for an APR, we divide the APR by 365 (366 in leap years). Penalty rates. We will not charge penalty rates or penalty APRs on your account. For example, if you make a late payment, your APR will not increase because you paid late.

Non-Conforming Payments. We may reject any payments that do not comply with the Making Payment section set forth in this Agreement or on your Statement (each a “Non-conforming Payment”) in our discretion. If we accept a Non-conforming Payment, crediting your Account for the payment may be delayed and may result in additional interest billed to your Account. We may accept any Non-conforming Payments, late payments, partial payments or payments with restrictive endorsements, without losing any of our rights, including our right to close your Account. We may deposit any payment you send us for less than the total outstanding balance of your Account that you mark “paid in full” or with any similar language or otherwise seek to provide as full satisfaction of the amount oweda disputed amount. If we do, this payment will not fully satisfy the disputed amount owed or otherwise affect our your right to payment in full. INTEREST RATES (APRs) AND HOW WE CALCULATE THEM Where to find them. The APRs in effect on your account are listed in the Schedule. How we calculate variable APRs. Each variable APR is determined by adding the margin to the Index index as listed in the Schedule. An increase in the Index index will increase a variable APR (and its daily periodic rate). An increase in a variable APR may increase the minimum payment due and interest charged on your account. How we calculate daily periodic rates. To determine the daily periodic rate for an APR, we divide the APR by 365 (366 in leap years). Penalty rates. We will not charge penalty rates or penalty APRs on your account. For example, if you make a late payment, your APR will not increase because you paid late.

Non-Conforming Payments. We may reject any payments that do not comply with the Making Payment section set forth in this Agreement or on your Statement (each a “Non-conforming Payment”) in our discretion. If we accept a Non-conforming Payment, crediting your Account for the payment may be delayed and may result in additional interest billed to your Account. We may accept any Non-conforming Payments, late payments, partial payments or payments with restrictive endorsements, without losing any of our rights, including our right to close your Account. We may deposit any payment you send us for less than the total outstanding balance of your Account that you mark “paid in full” or with any similar language or otherwise seek to provide as full satisfaction of the amount owed. If we do, this payment will not fully satisfy the amount owed or otherwise affect our right to payment in full. INTEREST RATES (APRs) AND HOW WE CALCULATE THEM Where to find f ind them. The APRs in effect on your account are listed in the Schedule. How we calculate variable APRs. Each variable APR is determined by adding the margin to the Index as listed in the Schedule. An increase in the Index will increase a variable APR (and its daily periodic rate). An increase in a variable APR may increase the minimum payment due and interest charged on your account. How we calculate daily periodic rates. To determine the daily periodic rate for an APR, we divide the APR by 365 (366 in leap years). Penalty rates. We will not charge penalty rates or penalty APRs on your account. For example, if you make a late payment, your APR will not increase because you paid late.