Payment Holidays Sample Clauses

Payment Holidays. At our option we may permit you from time to time to skip making the Minimum Payment Due for a specified billing cycle (referred to as a "payment holiday"). Even if you accept such a payment holiday, we will continue to assess Interest Charges on the unpaid balance of the Account as disclosed in the Insert. Any payment holiday we permit will not affect the terms of this Agreement. The terms of this Agreement remain in force regardless of whether you accept a payment holiday.
Sample 1Sample 2Sample 3See All (100)
AutoNDA by SimpleDocs
Payment Holidays. We may allow you, from time to time, to omit a monthly payment. We will notify you as to any month in which the option is available. If you omit a payment, FI- XXXXX CHARGES and insurance charges, if any, will continue to accrue on your balance. A payment holiday does not extend the period within which you must pay the Total New Balance in order to completely avoid a FINANCE CHARGE on purchases. A minimum payment will be due in the month following the month in which you skip your payment.
Sample 1Sample 2Sample 3
Payment Holidays. We may allow You, from time to time, to skip a monthly payment or make a reduced payment. We will notify You when these options are available. If You choose to avail Yourself of these opportunities, Interest Charges, applicable fees, and other regular trans- actions, if any, will accrue on Your Account in accordance with this Agreement. The reduced payment amount may be less than Your Interest Charges. If We offer the option of a reduced payment, such payment will have to be made on its due date or it will be subject to a late charge. You must resume making Your regular Minimum Payment each month following a payment holiday or reduced payment option.
Sample 1Sample 2
Payment Holidays. The Parties agree that the District shall not make a payment to the Fund in the
Sample 1Sample 2
Payment Holidays. 7.1 If you hold a Monthly Membership with a Fixed Term of at least 6 months, you may request that your obligations to pay Monthly Membership Fees be suspended (“Payment Holiday”), as follows: Fixed Term 12 Months 6 Months Maximum no. of Payment Holidays 1 1 Minimum Length of Payment Holiday 1 month 1 month Maximum Length of Payment Holidays 4 months 2 months 7.2 Payment Holidays may only take effect on the first of a calendar month, provided that a Payment Holiday may only be the whole of 1 or more months (if applicable) (and not part thereof). You may not use any facilities of any Gym during a period in respect of which you have taken a Payment Holiday (“Payment Holiday Period”). 7.3 You may be required to provide independent documentation to support your request for a Payment Holiday (e.g. documentation providing that you have lost your job due to redundancy or are suffering from severe financial hardship). Upon our acceptance of your request for a Payment Holiday, the length of the Payment Holiday will be set-off against the permitted Suspensions referred to in the table at Clause 6.1 and the Fixed Term of your Membership will be extended by a period equal to the Payment Holiday Period. 7.4 If you hold a Monthly Membership, your obligations to pay the Monthly Membership Fees will be suspended in respect of such number of month(s) corresponding to the length of the Payment Holiday. To suspend your obligation to pay the Monthly Membership Fee in respect of a particular month, you must notify us in writing at least 5 working days before the end of the preceding month. If you fail to do so, such Monthly Membership Fee will be payable and the suspension of your payment obligations will commence in the following month. 7.5 The permitted Payment Holidays referred to in the table at Clause 7.1 may not be set off against the Early Termination Fee. In addition, your Payment Holiday entitlement will be cancelled at the end of the Fixed Term and any bonus Units you may be entitled to, and may not be carried forward. 7.6 Any Payment Holidays in addition to those permitted are entirely at our discretion and you may be required to provide independent supporting documentation (e.g. documentation providing that you have lost your job due to redundancy or are suffering from severe financial hardship). A suspension fee may apply for such additional Payment Holidays.
Sample 1
Payment Holidays. From time to time, we may offer you a payment holiday allowing you to skip a minimum payment. Finance charges, if any, will continue to accrue on your balance at the applicable periodic rate and the period within which you must pay the Total New Balance to avoid paying finance charges on purchases will not be extended. The regular payment terms will resume at the end of the payment holiday.
Sample 1

Related to Payment Holidays

  • PAID HOLIDAYS (a) A full-time employee who otherwise qualifies hereunder shall receive the following paid holidays:

  • Scheduled Holidays Holidays for certain employees, typically 24/7 facilities, are pre-scheduled on days other than the holidays mentioned in Section 1. This schedule is determined in advance. If employees who have their holiday pre-scheduled are required to work on that pre-scheduled holiday day, they are compensated as follows: a.) Cash overtime employees are paid for the number of holiday hours pre-scheduled plus payment at the rate of time and one-half for the number of hours actually worked. b.) Compensatory leave eligible employees are paid for the number of hours prescheduled plus credited with holiday compensatory time for the number of hours actually worked, which must be used within one (1) year after having accrued this time. This provision does not apply to an employee who is on leave without pay during the same pay period as the assigned holiday.

  • GENERAL HOLIDAYS 8.01 The following days shall be considered as General Holidays. An employee's pay for a General Holiday shall be as set out in sub-articles 8.03 and 8.04 below: New Year's Day Labour Day Xxxxx Xxxx Day Thanksgiving Day Good Friday Remembrance Day Victoria Day Christmas Day Canada Day Boxing Day Civic Holiday and any other day or portion of a day generally observed by the retail grocery and meat stores and designated as a Holiday by the Employer, or any other day declared by the Provincial Government. The Employer may designate the Good Friday General Holiday to be observed in the following week for those employees who volunteer to do so provided it gives the Union twenty one (21) days advance notice. In situations where there are more volunteers in a department who wish to observe Good Friday in the following week than are needed by the Employer, the senior employee will be given preference subject to the Employer having sufficient qualified employees on duty to efficiently operate the business. For those full-time employees who observe Good Friday in the following week they will be given either the Monday or Saturday as their day off in the week following Good Friday, unless mutually agreed to between the Employer and the employee. Where mutual agreement between the Employer and the Union is reached, this provision may be applied to other General Holiday weeks. 8.02 In order for a full-time or part-time employee to receive pay for a General Holiday, they must: (1) not have been voluntarily absent from work on the scheduled work day prior to and following such Holiday; (2) have worked their full, regular designated weekly hours for the week in which Holidays, a Holiday, or portion of a Holiday occur, except for bona-fide illness. Any employee on leave of absence (except employees disentitled for General Holiday pay as set out in the following paragraph) granted by the Employer, at the request of the employee, shall not qualify for a General Holiday with pay if they are absent on both their last scheduled work day prior to, and their first scheduled work day following the General Holiday. Any employee receiving a payment under the Plan 1 Weekly Indemnity Benefit, or Workers Compensation, for the full week in which the General Holiday(s) occurs, shall not be entitled to General Holiday pay. (a) Eligible full-time employees shall suffer no reduction in their pay for a General Holiday as set out in sub-article 8.01 above. (b) Full-time employees working on General Holidays, designated in Article 8 of this Agreement, shall be paid the regular, hourly rate they would have received had they not worked, plus an additional double (2x) time said hourly rate for all time required to be on duty. Employees other than full-time, working on General Holidays, designated in Article 8 of this Agreement, shall be paid their regular, hourly rate they would have received had they not worked, plus additional time and one-half (1½) said hourly rate for all the time required to be on duty. 8.04 Eligible part-time employees shall be compensated as follows: (a) All part-time employees who have been employed thirty (30) calendar days or more and have worked and/or were paid an average of at least thirty-two (32) hours or more per week in the four

  • Named Holidays 22.01 (a) Regular Full-time Employees shall be entitled to receive a day off with pay on or for the following Named Holidays: New Year's Day Labour Day Alberta Family Day Thanksgiving Day Good Friday Remembrance Day Victoria Day Christmas Day Canada Day Boxing Day August Civic Holiday and any day proclaimed to be a holiday by: (i) The Government of the Province of Alberta; or (ii) The Government of Canada. Further, any day proclaimed by the government of the municipality to be a civic holiday for general observance by the municipal community in which the site is located.

  • Worked Holidays Employees who are required to work on the above described holidays shall receive the pay due them for the holiday, plus twice their base rate for all hours worked on such holidays.

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