Payment Option definition

Payment Option. An elected option resulting in a series of periodic payments beginning on the Annuity Date as further defined in the Annuity Provisions and Payment Option Section.

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Payment Option means the player's selection of a method of payment of the jackpot amount in accordance with 65 IAC 5-10-4 [section 4 of this rule].

Payment Option. 2: Authorization for Bank Account Direct Debit The Monthly Payment Amount may be paid by Purchaser through, and Purchaser hereby authorizes Toco to instruct Purchaser’s financial institution described below to make the applicable number of consecutive monthly payments in the amounts and on the dates disclosed under Payment Plan Terms, from the account listed below, by automatic electronic debit of Purchaser’s checking or savings account. This authority will remain in effect until such time as the Monthly Payment Amount, together with all Applicable Charges, are fully paid, or until such time as Toco has received written notification of termination from Purchaser in time to allow reasonable opportunity to act on it. Name of Financial Institution Routing Number (Must be 9 digits long) Account Number I authorize charges to be debited against my bank account for the payment of the Monthly Payment Amount together with all Applicable Charges in accordance with this Agreement. SAMPLE This Payment Plan Agreement (“Agreement”) is between Purchaser and Toco Warranty Corporation. (“Toco”). Purchaser has purchased a service contract (“Contract”) from Seller that is issued through Toco. This Agreement is entered into to enable Purchaser to pay the Contract pursuant to an installment payment program. Please refer to the Contract for the terms and conditions regarding the Contract. Subject to the provisions regarding cancellation of this Agreement (“Cancellation”) outlined in the contract, Purchaser promises to pay Toco the recurring Monthly Payment in accordance with the payment method selected by Purchaser from the options set forth above. Subject to the Cancellation outlined in the contract, unless Toco shall previously have received a Termination Notice, (i) a late payment fee may be imposed in the amount of $5.00 in respect of any payment not received by Toco within five days of the scheduled Payment Date therefore (the “Late Charge”), and (ii) in the event that any scheduled payment is not made on or before the scheduled Payment Date, as provided in the Payment Plan Terms above, Toco may, and is authorized to, cancel Purchaser’s Contract and this Agreement at any time for nonpayment. Purchaser hereby assigns to Toco all of Purchaser’s right, title and interest in and to the Contract, including Purchaser’s rights to cancel the Contract. IF YOU FAILTO MAKE ANY PAYMENT WHEN DUE, YOUR CONTRACT WILL BE CANCELLED. CANCELLATION: Purchaser has the right to cancel this Agre...

Examples of Payment Option in a sentence

• You may change your Payment Option or enter new Payment Options at any time in the “Profile” section of your Membership Account.

• Merchant may not complete and Company shall not be liable for the settlement of any Transaction unless a Qualified Payment Option was (i) used and the financial institut ion issuing the Qualified Payment Option provided an authorization number and (ii) swiped or dipped through the Company-provided POS Device (s), electronically transacted on the Company-provided website or through the Company provided IVR system, or otherwise agreed to the Transaction according to Industry Rules.

• This Condition 6.10 applies to Notes in respect of which the applicable Final Terms or (in the case of Exempt Notes) the applicable Pricing Supplement indicates that the Premium Payment Option is applicable (“Sustainability-Linked Redemption Premium Notes”).

• If your Commencement Week is after the first week of a term and you elect the Term Payment Option, your initial term payment will be calculated on a pro-rata basis on how much of that term remains.

• This document along with the FPO Financial Table make up the FPO Agreement for your use of the Flexible Payment Option (FPO) facility on your Linked Account.

More Definitions of Payment Option

Payment Option means, with respect to a Guaranteed Lump Sum, an option in favour of the person(s) to whom such Sum is payable, exercisable by notice to the Administrator in writing, to have same made in instalments over a period not exceeding Five (5) Years, computed on such terms as the Administrator deems proper; and

Payment Option means any of the following forms of distribution:

Payment Option means making a payment to the City in lieu of providing low-income

Payment Option loan means that in the years imme- diately after securing a mortgage loan, you can pay even less than the interest you are being charged. The unpaid interest is added to your loan, so the amount you owe gets bigger. The very low payments in early years create the risk of very large increases in your monthly payment later. Payment option loans are typically advertised using only the very low beginning or “teaser” required pay- ment, which is less than the interest rate. You absolutely need to know four things: (1) How long is the beginning payment good for? (2) What happens then? (3) How much is added to my loan if I pay the minimum rate? (4) What is the fully-indexed rate?

Payment Option means, with respect to the ABP Retirement Plan and ACTS, any of the options for payment of a participant’s ABP Retirement Plan account or ACTS account that is permitted by the Plan Administrator and consistent with the terms of the ABP Retirement Plan or ACTS, respectively, and any applicable investment contract approved by the Board, except as limited in this definition. A payment option shall not be based on gender-distinct actuarial tables. A payment option must

Payment Option means the payment method selected by you in your Membership Account for your Automatic Renewal Plan;

Payment Option means the number of installments available under the EPP for the purchase of the Product.