Minimum Payment Amount definition

Minimum Payment Amount means, in respect of a Security, the amount so specified in the relevant Pricing Supplement.

Minimum Payment Amount means either 5% of the outstanding balance or minimum payment amount that the Bank may specify in the applicable Statement of Account.

Minimum Payment Amount. : shall mean the minimum amount payable by the Cardholder to the Bank in each statement period.

Examples of Minimum Payment Amount in a sentence

• Unless payments have already terminated as a result of section 2.4, on the Payment Deadline the Company shall pay to Purchaser an amount equal to the Minimum Payment Amount (if applicable) minus the aggregate of all payments made by the Company to Purchaser under this Note, including payments made by the Company pursuant to section 2.3.

• Once agreed, the Minimum Payment Amount will remain the same until your next purchase or your Account balance is repaid, whether or not you decide to make higher payments in between.

• If you decide to pay in monthly installments, you must pay at least the Minimum Payment Amount on or before the payment due date.

• If You decide to prepay Your Loan Balance, or need to make payment to satisfy Your Minimum Payment Amount or other amounts due under this Agreement, You authorize Parafin, as the Bank’s agent to debit any Linked Bank Account.

• You agree (i) at all times to pay the Repayment Amount regardless of whether you have paid a Minimum Payment, (ii) to pay the Minimum Payment Amount on each Minimum Payment Due Date, and (iii) to continue to pay the Repayment Rate of your sales until the Total Repayment Amount is repaid in full by the Final Repayment Date.

More Definitions of Minimum Payment Amount

Minimum Payment Amount means the amount calculated in accordance with the formula set out in the Schedule of Fees and Charges and payable by the Cardmember under Clause D(1) (4.5).

Minimum Payment Amount means the minimum payment you agree to make each Billing Cycle, consisting of the Minimum Principal Payment Amount plus any Finance Charges.

Minimum Payment Amount means the Case 1 Minimum Payment, the Case

Minimum Payment Amount means such minimum amount of the New Balance as the Bank may specify from time to time at its sole discretion and notify to the Cardholder and which shall be paid by the Cardholder to the Bank on or before each Payment Due Date.

Minimum Payment Amount means, in respect of:

Minimum Payment Amount means such minimum amount of the New Balance as Hang Seng may specify from time to time at its discretion and notify to the Cardmember which shall be paid by the Cardmember to Hang Seng on or before each Payment Due Date;

Minimum Payment Amount means the amount specified in the summary box above. The Minimum Payment Amount is due to Bank by the end of each 30-day period, beginning on the Repayment Start Date.