Common use of Periodic Billing Statements Clause in Contracts

Periodic Billing Statements. 5.1 Approximately once each month we will deliver to you a Monthly Statement so long as during the applicable Billing Cycle one of the following statements are true: 5.1.1 you have an outstanding debit or credit Balance as of the end of the Billing Cycle, 5.1.2 a debit or credit Transaction occurred during the Billing Cycle, 5.1.3 a Payment was made during the Billing Cycle, or 5.1.4 a Finance Charge or a Fee was imposed on the Account during the Billing Cycle. 5.2 If you have a zero balance and no activity for a Billing Cycle, you will not receive a Monthly Statement. 5.3 Each Monthly Statement will list, in addition to certain other information, 5.3.1 the Balance of your Account as of the Closing Date of the prior Billing Cycle, 5.3.2 the amount of all Transactions (separately identifying Cash Advance Transactions, Convenience Check Transactions, Purchase Transactions, Balance Transfer Transactions and Credit Refunds) posted to the Account during the current Billing Cycle, 5.3.3 All Payments, Fees and Finance Charges posted to the Account during the current Billing Cycle,