Common use of Prepayment and Removal Clause in Contracts

Prepayment and Removal. You can remove a qualifying Purchase from the Installment Plan by calling us at the phone number found in the “Contacting Us” Section of this Cardholder Agreement. Your Purchase will be removed from the Installment Plan in case of late payments as described in Section 8.f below. See 5.c above on how we apply your payments. In the event a qualifying Purchase is removed from an Installment Plan, such Installment Plan will end but the fixed installment fee will not be refunded. All deferred amounts related to the qualifying Purchase will no longer be considered as deferred and will therefore be due and owing as if they were ordinary Purchases on your Account and you will be charged interest at the then prevailing annual interest rate for Purchases for the remaining balance of that Purchase from the date of the removal of such Purchase from the Installment Plan until it is repaid in full.

Prepayment and Removal. You can remove a qualifying Purchase from the Installment Plan by calling us at the phone number found in the “Contacting Us” Section of this Cardholder Agreement. Your Purchase will also be removed from the Installment Plan in case of late payments as described in Section 8.f 9.f below. See 5.c Section 6.c above on how we apply your payments. In the event a qualifying Purchase is removed from an Installment Plan, such Installment Plan will end but the fixed installment fee will not be refunded. All deferred amounts related to the qualifying Purchase will no longer be considered as deferred and will therefore be due and owing as if they were ordinary Purchases on your the Business Account and you the Business will be charged interest at the then prevailing annual interest rate for Purchases for the remaining balance of that Purchase from the date of the removal of such Purchase from the Installment Plan until it is repaid in full.