Regular Payment definition

Regular Payment means the amount I am required to pay each month under my Retail Installment and Security Agreement, including any additional charges I owe on my loan such as insurance, property taxes, late fees, returned payment fees, and other charges, if appliable. Unless otherwise agreed, my automatic payment will be processed on the next billing cycle. This authorization will remain in effect until my loan is paid off in full, I am notified by Spartan Mortgage that they are terminating my automatic payments, or I notify Spartan Mortgage that I wish to terminate my authorization. I understand that Spartan Mortgage may restrict or terminate my automatic payments if my loan is in default or if I have had two or more returned payments. I acknowledge that I have received a copy of this authorization.

Regular Payment means the payment included in the system of recurrent payments that enable the Company to remove funds from the Bank Account and/or Bank card of the Client. This allows for the Company to achieve a particular result accordance with the Instruction(s) and with the order of the Client.

Regular Payment. – means Direct Debits and credits, and Periodical Payments.

Examples of Regular Payment in a sentence

• After the Interest Adjustment Date, you will begin to make Regularly Scheduled Payments, starting on the First Regular Payment Date, and continuing on each subsequent Regularly Scheduled Payment Date thereafter, until the end of the Term.

• The amount of interest that has accumulated on the Loan Amount from one Regular Payment Date to the next which exceeds the Regular Payment Amount is called "Deferred Interest".

• On the next Regular Payment Date, all interest which has accumulated on Deferred Interest from the previous Regular Payment Date shall be added to and become part of the Loan Amount and will bear interest from and including the Regular Payment Date at the Current Mortgage Rate.

• The Lender may also discontinue automatic debits of the Regular Payment Amounts owing under this Contract.

• If your Payment Frequency is so changed, then corresponding changes will be made to your Regular Payment Date and any other terms of the Loan required by virtue of such change in the Payment Frequency.

More Definitions of Regular Payment

Regular Payment means the amount of each payment or the payments indicated in the Mortgage or other payment approved by you and Equitable for either Fixed Rate Debt or Variable Rate Debt.

Regular Payment means either a recurring payment or an instalment which represents an agreement between a cardholder and a merchant to debit a card at predetermined intervals (e.g. monthly or quarterly) or at intervals as agreed by both parties.

Regular Payment means the usual regular payment referred to in the Initial Disclosure Statement, or the regular payment amount shown on any payment arrangement or loan variation entered into thereafter

Regular Payment means direct debit arrangements, direct credit arrangements and periodical payments;

Regular Payment means the payment included in the system of recurrent payments that enable us to remove funds from your Bank Account and/or Bank card. This allows us to achieve a particular result in accordance with the Instruction(s) and with the order of the Client.

Regular Payment has the meaning set forth in Section 3.1(b) of this Agreement.

Regular Payment when used with respect to a Regular Distribution --------------- Date, means any payment (other than a Special Payment) of interest on or principal and interest on an Equipment Note, due from the Owner Trustee which issued the Equipment Note, which payment represents the payment of a regularly scheduled installment of principal at the stated maturity of such installment of principal on such Equipment Note or, the payment of regularly scheduled interest accrued on such Equipment Note, or both.