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.
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. OTHER CHARGES (See the Visa Disclosure for current fees.)
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.
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
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.
