PROMISE TO PAY. An agreement with an obligor to make at least one full payment within thirty (30) days.
PROMISE TO PAY. You promise to pay the Credit Union all payments made for your account resulting from the use of the card plus an INTEREST CHARGE on the unpaid balance. At the end of each monthly billing cycle, you will be furnished with a periodic statement showing (I) the "Previous Balance" (the outstanding balance in the account at the beginning of the billing cycle), (ii) the amount of all cash advances, purchases, and INTEREST CHARGES and other fees posted to your account during the billing cycle, (iii) the amount of all payments and credits posted to your account during the billing cycle, and (iv) the "New Balance" which is the sum of (i) and (ii) less (iii). For MasterCard, you agree to pay on or before the "Payment Due Date" shown on the periodic statement either the entire New Balance, or a minimum payment equals to 3% of the New Balance or $25, whichever is greater. If the New Balance is $25 or less, you will pay in full. For Gold MasterCard, you agree to pay on or before the “Payment Due Date" shown on the periodic statement either the entire New Balance, or a minimum payment equals to 3% of the New Balance or $25, whichever is greater. If the New Balance is $25 or less, you will pay in full. In addition to the minimum payment shown on your periodic statement, you agree to pay any amounts in excess of the credit limit established by us and any past due minimum payments. You may make extra payments in advance of the due date without penalty, and you may repay any funds advanced, credit extended, or amount outstanding at any time without penalty for early payment. Regardless of the amount of any extra payments during a given month, a monthly payment will be required the following month if a balance remains in your account. COST OF CREDIT: You will pay an INTEREST CHARGE for all advances made against your account. Cash advances and balance transfers incur an INTEREST CHARGE from the date they are posted to the account. If you have paid your account in full by the due date shown on the previous monthly statement, or there is no previous balance, you have not less than 25 days to repay your account balance before and INTEREST CHARGE on new purchases will be imposed. Otherwise, there is no grace period and new purchases will incur an INTEREST CHARGE from the date they are posted to the account. The periodic rate for MasterCard is .032602% per day, which has a corresponding ANNUAL PERCENTAGE RATE of 11.9%. For Gold MasterCard, the periodic rate is .027123% per day, wh...
PROMISE TO PAY. You promise to pay all amounts due on Your Account. You agree to review Your Billing Statements and to notify Us promptly of any errors (see “Your Billing Rights” below). You may pay all or part of the balance on Your Account at any time. However, You must pay at least the Minimum Payment shown on Your Billing Statement by the due date each month. You agree to follow the requirements for payments that We set forth on Your Billing Statement, including requirements that payments be made in U.S. dollars and checks be drawn on a U.S. bank. If We choose to accept a payment that is not in U.S. dollars or not drawn on a U.S. bank, You agree to pay any collection or conversion fees assessed to Us by third parties. We may accept payments which are marked “payment in full” or with similar markings without losing Our right to receive payment of all amounts due on Your Account. Partial payments offered in full satisfaction of a disputed amount must be sent to the address for notice of billing errors shown on Your Billing Statement. We reserve Our rights as to all such payments.
Examples of PROMISE TO PAY in a sentence
PROMISE TO PAY: You promise to pay all amounts due on Your Account.
YOU UNDERSTAND WE ARE PAYING FOR THE EQUIPMENT BASED ON YOUR UNCONDITIONAL ACCEPTANCE OF IT AND YOUR PROMISE TO PAY US UNDER THE TERMS OF THIS AGREEMENT, WITHOUT SET-OFFS FOR ANY REASON, EVEN IF THE EQUIPMENT DOES NOT WORK OR IS DAMAGED, EVEN IF IT IS NOT YOUR FAULT.
PROMISE TO PAY: I promise to pay the School, or a subsequent holder of the Note, all sums disbursed under the terms of this Note, plus interest and other fees which may become due as provided in this Note.
WE PROMISE TO PAY the benefits provided by this rider for QUALIFIED LONG-TERM CARE SERVICES if the Insured becomes CHRONICALLY ILL while this rider is in force.
PROMISE TO PAY: You promise to pay to Lender all amounts borrowed under the Line of Credit, plus any finance charges, late charges, collection costs, or other amounts due.
More Definitions of PROMISE TO PAY
PROMISE TO PAY. The undersigned (the "Borrower"), for value received, does hereby promise to pay to the order of NORTH FORK BANK (the "Bank") at its offices at 000 Xxxx Xxxx, Xxxxxxxxx, Xxx Xxxx 00000, or at any of its branches, the sum of TWO MILLION TWO HUNDRED THOUSAND ($2,200,000) DOLLARS plus interest thereon from the date hereof as set forth herein.
PROMISE TO PAY. You promise to repay the Credit Union all payments made for your account resulting from the use of the card plus a Finance Charge on the unpaid balance. At the end of each monthly billing cycle, you will be furnished with a periodic statement showing (i) the “previous balance” (the outstanding balance in the account at the beginning of the billing cycle),
PROMISE TO PAY. You promise to pay all charges added to your account, including charges that you or your Additional Card Members make, or permit others to make, even if you or they do not present the Card or sign for the transaction. When you must pay: You must pay the Amount Due, or at least the Minimum Payment Due, as applicable, on or before the Payment Due Date in the time and manner shown on each billing statement. How to make payments: Make payments to us in U.S. dollars with: • a single check drawn on a U.S. bank, or • a single negotiable instrument clearable through the U.S. banking system, for example a money order, or • an electronic payment that can be cleared through the U.S. banking system. When making a payment by mail: • make a separate payment for each Account, • mail your payment to the address shown on the payment coupon on your billing statement, and • write your Account number on your check or negotiable instrument and include the payment coupon. If your payment meets the above requirements, we will credit it to your Account as of the day we receive it, as long as we receive it by the time and in the manner disclosed in your billing statement. If we receive it after that time, we will credit the payment on the day after we receive it. If your payment does not meet the above requirements, there may be a delay in crediting your Account. This may result in late payment fees and additional interest charges. We will not accept a payment made in a foreign currency or a payment drawn on an account at a bank located outside of the U.S. If we process a late payment, a partial payment, or a payment marked with any restrictive language, that will have no effect on our rights and will not change this Agreement. How we apply payments and credits: Your Account may have balances with different interest rates. For example, purchases may have no interest rate or a lower interest rate than cash advances. Your Account may also have plan balances which are assessed plan fees. If your Account has balances with different interest rates, plan balances, or plan fees, here is how we generally apply payments in a billing period: • We apply your payments – up to the Minimum Payment Due – first to the Pay in Full New Balance; then to any plan amounts included in your Minimum Payment Due; and then to the Pay Over Time and/or Cash Advance New Balance, first to the balance with the lowest interest rate and then to balances with higher interest rates. • After the Minimum Payment Due ...
PROMISE TO PAY. By signing above, you promise to pay us the Amount Financed, together with finance charges calculated thereon at the Annual Percentage Rate. You agree to make your payments to us as set forth in the Payment Schedule shown above plus any late charges. Your final payment may change, depending upon your payment habits. We will apply each payment first to accrued finance charges and late charges and then reduce your principal balance. This means your finance charge will be less when you pay early and more if you pay late. Any necessary adjustments in your total finance charge will be reflected in your last payment.
PROMISE TO PAY. You, jointly and severally, promise to pay to LENDER (at XXXXXX’S address set forth on the front of this Agreement) in United States currency, the Amount Financed and other fees and amounts payable as contemplated by this Agreement, plus interest thereon at the Annual Percentage Rate, according to the agreed upon Payment Schedule (all as set forth on the front of this Agreement). Interest will be assessed on a daily basis and a day shall be counted as 1/360 of a year. Any required payment not paid in full within ten (10) days of the due date will be assessed a delinquency charge not to exceed five percent (5%) of the unpaid amount of the payment. Time is of the essence in your performance and payment of the monetary sums set forth by this Agreement. All monetary sums due hereunder shall be paid without prior demand or claim of set-off. You may prepay your loan in full at any time without penalty. If you fail to pay us the amounts owed to us under this Agreement, interest shall continue to accrue (i) at the Annual Percentage Rate on all unpaid amounts owed to us under this Agreement until the final date on which payments are due under this Agreement, (ii) if this Agreement is for a loan with an originally stated repayment period of 180 days or less, at the rate agreed to by the parties hereto in an agreement to extend the outstanding and unpaid indebtedness beyond the originally stated repayment period for up to a maximum of 180 days from the date of this Agreement (a "Rollover"), or (iii) if the parties hereto enter into a Workout Agreement (as defined below), at the rate specified in the Workout Agreement. If you remain in default at the expiration of the last of such periods specified in (i), (ii) or (iii) above, (x) if this Agreement provides for an originally stated repayment period of 180 days or less, interest shall accrue from that point forward at no more than the legal rate specified at the time in 6 Del. C. § 2301, or (y) if this Agreement provides for an originally stated repayment period of more than 180 days, interest shall continue to accrue at the Annual Percentage Rate owed to us under this Agreement until all amounts owed to us hereunder have been paid or otherwise satisfied. If this Agreement provides for an originally stated repayment period of 180 days or less, interest shall cease to accrue hereunder if we take possession of the motor vehicle described above. Xxxxxxxx agrees to pay a returned check charge of $20.00 for any returned che...
PROMISE TO PAY. This Loan is being made by Lender to Borrower pursuant to the terms of the Paycheck Protection Program authorized by the Coronavirus Aid, Relief, and Economic Security (CARES) Act (“Program”). In return for the Loan, Bxxxxxxx promises to pay to the order of Lender the amount of $1,953,800.00 , interest on the unpaid principal balance, and all other amounts required by this Note.
PROMISE TO PAY. The undersigned (the "Borrower"), for value received, does hereby promise to pay to the order of MANUFACTURERS AND TRADERS TRUST COMPANY (the "Bank") at its offices at Xxx X & X Xxxxx, Xxxxxxx, Xxx Xxxx 00000, or at any of its branches, the sum of THREE MILLION FIVE HUNDRED SIX THOUSAND EIGHT HUNDRED FIFTY FOUR AND 45/100 ($3,506,854.45) DOLLARS (the “Maximum Loan Amount”), or so much hereof as shall be outstanding, , plus interest thereon from the date hereof as set forth herein.