Common use of Payment Allocation Clause in Contracts

Payment Allocation. When the Customer makes a payment, Royal Bank will apply the payment amount first to any interest, second to balances that have previously been billed and third, to the balance that has been billed on each Cardholder Account for the first time. If the Customer makes a payment which exceeds the New Balance, Royal Bank will apply any payment in excess of the New Balance to amounts that have not yet appeared on a Billing Statement in the same manner as set out above. Credits arising from returns or adjustments are generally first applied to transactions of a similar type, second to any interest and Fees, and the remainder to other Debt owing in the same manner as Royal Bank applies payments in excess of the Minimum Payment.

Payment Allocation. When the Customer makes a payment, Royal Bank will apply the payment amount first to any interest, second to balances that have previously been billed billed, and third, third to the balance that has been billed on each Cardholder Account or VPA Account for the first time. If the Customer makes a payment which exceeds the New Balance, Royal Bank will apply any payment in excess of the New Balance to amounts that have not yet appeared on a the Billing Statement in the same manner as set out above. Credits arising from returns or adjustments are generally first applied to transactions of a similar type, second to any interest and Fees, and the remainder to other Debt owing in the same manner as Royal Bank applies payments in excess of the Minimum Payment.

Payment Allocation. When the Customer makes a payment, Royal Bank will apply the payment amount first to any interest, second to balances that have previously been billed and third, third to the balance that has been billed on each Cardholder Account for the first time. If the Customer makes a payment which exceeds the New Balance, Royal Bank will apply any payment in excess of the New Balance to amounts that have not yet appeared on a Billing Statement in the same manner as set out above. Credits arising from returns or adjustments are generally first applied to transactions of a similar type, second to any interest and Fees, and the remainder to other Debt owing in the same manner as Royal Bank applies payments in excess of the Minimum Payment.

Payment Allocation. When the Customer makes a payment, Royal Bank will apply the payment amount first to any interest, second to balances that have previously been billed and third, third to the balance that has been billed on each Cardholder Account or VPA Account for the first time. If the Customer makes a payment which exceeds the New Balance, Royal Bank will apply any payment in excess of the New Balance to amounts that have not yet appeared on a Billing Statement in the same manner as set out above. Credits arising from returns or adjustments are generally first applied to transactions of a similar type, second to any interest and Fees, and the remainder to other Debt owing in the same manner as Royal Bank applies payments in excess of the Minimum Payment.

Payment Allocation. When the Customer makes a payment, Royal Bank will apply the payment amount first to any interest, second to balances that have previously been billed billed, and third, third to the balance that has been billed on each Cardholder Account for the first time. If the Customer makes a payment which exceeds the New Balance, Royal Bank will apply any payment in excess of the New Balance to amounts that have not yet appeared on a the Billing Statement in the same manner as set out above. Credits arising from returns or adjustments are generally first applied to transactions of a similar type, second to any interest and Fees, and the remainder to other Debt owing in the same manner as Royal Bank applies payments in excess of the Minimum Payment.