Common use of Start of Your Payment Obligation Clause in Contracts

Start of Your Payment Obligation. After your Grace Period ends, you will have to start making payments as soon as your monthly earned income is above the Minimum Monthly Income Threshold. For example, if your Grace Period ends in February 2020 and you earn above the Minimum Monthly Income Threshold in March 2020, then your first payment will be due at the beginning of April 2020.

Start of Your Payment Obligation. After your Grace Period ends, you will have to start making payments as soon as your monthly earned income is above the Minimum Monthly Income Threshold. For example, if your Grace Period ends in February 2020 2019 and you earn above the Minimum Monthly Income Threshold in March 20202019, then your first payment will be due at the beginning of April 20202019.

Start of Your Payment Obligation. After your Grace Period ends, you will have to start making payments as soon as your monthly earned income is above the Minimum Monthly Income Threshold. For example, if your Grace Period ends in February 2020 2022 and you earn above the Minimum Monthly Income Threshold in March 20202022, then your first payment will be due at the beginning of April 20202022.