Amount of Minimum Payment Clause Samples

The 'Amount of Minimum Payment' clause defines the lowest sum that must be paid by a party, typically on a recurring basis, under a contract or agreement. This clause specifies the exact dollar amount or the method for calculating the minimum payment, ensuring that the paying party cannot remit less than this threshold in any given period, such as monthly or quarterly. By establishing a clear minimum payment requirement, the clause provides predictability for both parties and helps prevent disputes over insufficient payments.
Amount of Minimum Payment. If the New Balance is less than $30, the minimum payment is the full amount of the New Balance. If the New Balance is $30 or more, the minimum payment is the total of two figures: the first is any past due amount; the second is the sum of (1) the greater of $30, or the combined total of all interest charges, late fees and overlimit fee, plus (2) 2.5% of the New Balance. You shall make (and the Bank shall have received at the address designated on your monthly statement) on or before the due date the minimum payment shown on your monthly statement (or, at your option, any greater amount up to the Outstanding Balance). Receipt of your minimum payment at any address other than that designated on your monthly statement may create a delay in posting the minimum payment to your Card Account and may thereby result in a late fee and additional interest charges.
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Amount of Minimum Payment. If the New Balance is less than $30, the minimum payment is the full amount of the New Balance. If the New Balance is $30 or more, the minimum payment is the total of two figures: the first is any past due amount; the second is the sum of the greater of $30 plus late and overlimit fees, or the combined total of 2.5% of the New Balance plus interest charges, late and overlimit fees. Borrower shall make (and the Bank shall have received at the address designated on the monthly statement) on or before the due date the minimum payment shown on the User’s monthly statement (or, at Borrowers option, any greater amount up to a User’s Outstanding Balance). Receipt of the minimum payment at any address other than that designated on the monthly statement may create a delay in posting the minimum payment to the Card Account and may thereby result in a late fee and additional interest charges.
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Amount of Minimum Payment. If the New Balance is less than $10, the minimum payment is the full amount of the New Balance. The minimum payment due each month is 3% of the New Balance or $10 whichever is greater. You shall make (and the Bank shall have received at the address designated on your monthly statement) on or before 4:00 p.m. (PT) on the due date the minimum payment shown on your monthly statement (or, at your option, any greater amount up to the Outstanding Balance). Receipt of your minimum payment at any address other than that designated on your monthly statement may create a delay in posting the minimum payment to your Card Account and may thereby result in a late fee and additional interest charges. Making only the minimum payment will increase the amount of interest you pay and the time it takes to repay your balance.
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Amount of Minimum Payment. If the New Balance is less than $30, the minimum payment is the full amount of the New Balance. If the New Balance is $30 or more, the minimum payment is the total of two figures: the first is any past due amount; the second is the sum of the greater of $30 plus late fees, or the combined total of 2.5% of the New Balance plus interest charges and late fees. You shall make (and the Bank shall have received at the address designated on your monthly statement) on or before 4:00
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Amount of Minimum Payment. If the New Balance is less than $5, the minimum payment is the full amount of the New Balance. The minimum payment due each month is 5% of the New Balance which does not exceed your credit limit (rounded up to the nearest dollar), or $5 whichever is greater, plus the entire portion of the New Balance in excess of your credit limit, plus any amount past due. You shall make (and the Bank shall have received at the address designated on your monthly statement) on or before 5:00 p.m. on the due date the minimum payment shown on your monthly statement (or, at your option, any greater amount up to the Outstanding Balance). Receipt of your minimum payment at any address other than that designated on your monthly statement may create a delay in posting the minimum payment to your Card Account and may thereby result in a late fee and additional finance charges. Making only the minimum payment will increase the amount of interest you pay and the time it takes to repay your balance.
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Related to Amount of Minimum Payment

  • Maximum Total Payment Including the reimbursable expenses shown above (if any), the maximum total payment under this Contract is $ ; this is a not-to-exceed amount, and the District will not pay more than this amount unless specifically agreed to in an amendment executed by the parties.

  • Maximum Payment The maximum period or aggregate of periods of accident make-up pay to be made by an Employer will be a total of 39 weeks for any one injury.

  • Minimum Payment Overtime worked on a Saturday or Sunday will be paid for at the rate of double Ordinary Rates. Employees required to work on a Saturday or Sunday will be afforded a minimum 4 hours work, or be paid as if for 4 hours at the aforementioned overtime rates.

  • Amount of Rs (. ) (not exceeding 95% of the total consideration) to be paid to the Promoter on completion of the lifts, water pumps, electrical fittings, electro, mechanical and environment requirements, entrance lobby/s, plinth protection, paving of areas appertain and all other requirements as may be prescribed in the Agreement of sale of the building or wing in which the said Apartment is located.

  • Minimum Payments (a) Where the employee is under 45 years of age, the employer shall pay the employee Less than 1 year Nil 1 year and less than 2 years 4 weeks pay 2 years and less than 3 years 7 weeks pay 3 years and less than 4 years 10 weeks pay 4 years and less than 5 years 12 weeks pay 5 years and less than 6 years 14 weeks pay 6 years and over 16 weeks pay. (b) Where the employee is 45 years of age or over, the employer shall pay the employee in accordance with the following scale: Less than 1 year Nil 1 year and less than 2 years 5 weeks pay 2 years and less than 3 years 8.75 weeks pay 3 years and less than 4 years 12.5 weeks pay 4 years and less than 5 years 15 weeks pay 5 years and less than 6 years 17.5 weeks pay 6 years and over 20 weeks pay