Common use of Charging interest Clause in Contracts

Charging interest. Prior to the Enrollment Date: You will not pay any interest on the Eligible Purchase for any statement period in which You convert that Eligible Purchase to an Instalment Plan if the Bank receives payment of the full balance owing for the Monthly Instalment Payment during the statement period following the statement on which Your enrollment first appears. As of the Enrollment Date: Once an Eligible Purchase is enrolled in an Instalment Plan, as of the Enrollment Date, the Eligible Purchase (divided into fixed monthly payments) that forms part of the Instalment Plan is charged interest each month from the Enrollment Date at the Instalment Interest Rate that applies to the Instalment Plan until the last day in the applicable Payment Period.

Charging interest. Prior to the Enrollment Date: , You will not pay any interest on the Eligible Purchase for any statement period in which You convert that Eligible Purchase to an Instalment Plan Plan, if the Bank receives payment of the full balance owing for the Monthly Instalment Payment Plan(s), during the statement period following the statement on which Your enrollment first appears. As of the Enrollment Date: Once an Eligible Purchase is enrolled in an Instalment Plan, as of the Enrollment Date, the Eligible Purchase (divided into fixed monthly payments) that forms part of the Instalment Plan is charged interest each month from the Enrollment Date at the Instalment Interest Rate that applies to the Instalment Plan until the last day in the applicable Payment Period.