Minimum Repayment definition

Minimum Repayment means either (a) 5% (five per cent) of the Balance Outstanding on the Account on the Statement Date; or (b) £10 (ten pounds), whichever is the greater except where the Balance Outstanding is less than £10 (ten pounds) in which case the Minimum Repayment will be the Balance Outstanding. In either case, any Fees applied to your Account during the previous Statement Period (excluding the Annual Fee) will be added to your Minimum Repayment.

Minimum Repayment means the amount due shown on your statement;

Minimum Repayment. Up until 13/11/2022: means either (a) 5% (five per cent) of the Balance Outstanding on the Account on the Statement Date; or (b) £10 (ten pounds), whichever is the greater except where the Balance Outstanding is less than £10 (ten pounds) in which case the Minimum Repayment will be the Balance Outstanding. In either case, any Fees applied to your Account during the previous Monthly Statement Period (excluding the Annual Fee) will be added to your Minimum Repayment. On or after 14/11/2022: means the greater of the following: • £10 (or the total Balance Outstanding if it’s less than £10); or • 2% of the Balance Outstanding on the Account on the Statement Date, plus all interest charged for the previous Monthly Statement Period, plus any Fees applied to your Account during the previous Monthly Statement Period (excluding the Annual Fee), plus any Instalment Plan payment due for that month (if applicable)

Examples of Minimum Repayment in a sentence

• If any Event of Default occurs, the Tokenholders’ Representative has the right, but not the obligation, to serve a written notice of default (“Default Notice”), such notice having the effect that the Bond shall become immediately due and payable at the Minimum Repayment Amount plus accrued interest, if any, on the day the Default Notice is served.

• Charges If You fail to pay the Minimum Repayment when due You may be liable for any reasonable costs and charges that We incur or pay to a third party, including collection agency fees and legal costs.

• This also means that if you do not repay the Balance Outstanding in full on or before up to 56 days after you made the purchase or only repay part of the Balance Outstanding or the Minimum Repayment, we will charge you our standard interest rate of [***APUR***]% (variable) per annum on the remaining amount of any purchase you have made which forms part of the Balance Outstanding from the date on which you made the purchase.

• Where Your Minimum Repayment or other repayment is not sufficient to pay off the whole of the Balance Outstanding, any repayment will be applied first to accrued interest with the highest interest rate, fees and then to the Balance Outstanding.

• Where Your Minimum Repayment or other repayment is not sufficient to pay off the whole of the Balance Outstanding, any repayment will be applied first to accrued interest with the highest interest rate, fees, and then to the Balance Outstanding.

• Please arrange for my/our payment to be $ □ Minimum Repayment If interest rates or loan balance change we will automatically adjust repayments to reflect the new minimum repayment.

• Minimum Repayment Amount [--] The minimum repayment amount shall not be less than percent ( %) of the previously refunded amount including interest.

• ICMR shall not be required to repay principal or interest on the DTV Loan unless and until ICMR has collected the Minimum Repayment Funds nor shall ICMR be required to repay principal or interest on the DTV Loan from any source other than Repayment Funds.

More Definitions of Minimum Repayment

Minimum Repayment means the minimum amount to be paid by you, as advised by us and as reflected on your latest monthly Statement or Interest Rate Change Letter;

Minimum Repayment means the minimum amount to be paid by you, as advised by us and as reflected on your latest monthly Statement or Interest Rate Change Letter (as applicable);

Minimum Repayment means the minimum amount to be paid by you, as set out in clause 4 of Part A of this Agreement;