Minimum Amount Due Clause Samples

Minimum Amount Due. You agree to pay us at least the Minimum Amount Due by the due date specified in your statement. The Minimum Amount Due is calculated as set out in the FPO Financial Table. You can always pay us (i) more than the Minimum Amount Due, (ii) before the due date, (iii) more often than once a month, or (iv) the outstanding balance at any time. Please note that credits for example as a result of goods that are returned to a merchant or a service fee credit, do not constitute a payment and do not satisfy the requirement to pay the Minimum Amount Due.

Minimum Amount Due. Notwithstanding anything contained in this Agreement, the Borrower shall be liable to deposit in the Account, the Minimum Amount Due, which shall be computed and shall be payable as follows: (a) first the percentage indicated in Item no. XIV of Schedule A hereto shall be applied on the average outstanding in the Account during a month. (b) If there is any amount outstanding in the said month over the Operating Limit, the same shall be added to the resulting amount of the aforesaid calculation. (c) The aggregate amount so arrived shall be the Minimum Amount Due, which shall be payable latest by the date of the next month more particularly mentioned in Item No. XIV of Schedule A hereto. Provided that in the event the Minimum Amount Due is not deposited in the said Account by the said date, then in computing the Minimum Amount Due for the following month, which shall be computed as per the formulae above, the amount arrived at pursuant to (a) above for the previous month shall be also added to determine the Minimum Amount Due. Nothing in this clause shall in any manner affect the liability of the Borrower to deposit the Interest in the Account pursuant to the other provisions of this Agreement.

Minimum Amount Due. The statement will show the minimum payment due. The amount will be determined by the bank from time to time.This will be calculated as follows: 1. If the current balance is less than or equal to LKR 500, you will be required to pay the balance in full. 2. If the current balance is more than LKR 500, the Minimum Amount Due will include the following, - Fees/charges - 100% - Finance/interest Charges – 100% - Any amount payable over and above the credit limit of the Credit Card – 100% - Amount of the unpaid/outstanding minimum payment amount due in the previous month(s) – 100% - Fixed monthly installment (if enrolled for installment plans) – 5% - Balance Transfers (if enrolled) – 1% - Cash Advances (if any) – 1% - Retail transaction balance – 1% The minimum payment due is due and payable by the Cardholder to the bank on or before the payment due date. Payments takes place only when the bank services it and credits the same to the Cardholders account, and not when the Cardholder dispatches it. The Cardholder will be required to pay the bank immediately if the Card account is over due or the credit limit is exceeded, and the same will be notified on the statement. The payment by the Cardholder to the bank may be more than the minimum payment due, or may be made before the payment due date, or more than once during the billing period. Such payments to the bank must be made in Sri Lankan Rupees in the manner indicated on the statement.

Minimum Amount Due. You agree to pay us at least the Minimum Amount Due by the due date specified in your statement. The Minimum Amount Due is calculated as set out in the FPO Financial Table. Payments will be treated as clearing arrears before they are treated as payment of your minimum payment. Credits, for example as a result of returned goods or a fee credit, are not considered a payment for the purpose of paying the Minimum Amount Due. If you have enrolled your Linked Charge Card Account in Direct Debit, your Minimum Amount Due will be automatically deducted (not the full closing balance). If you would like to pay more than the Minimum Amount Due, you may do so via online account or by calling the number at the back of your Card.

Minimum Amount Due. Notwithstanding anything contained in this Agreement, the Borrower and/or the Co-Borrower/s and/or the Guarantor/s shall be liable to deposit in the Account, the Minimum Amount Due, which shall be computed and shall be payable as follows: (a) first the percentage indicated in Item no. XVI of Schedule A hereto shall be applied on the outstanding in the Account at the end of the month inclusive of interest . (b) If there is any amount outstanding in the said month over the Operating Limit, the same shall be added to the resulting amount of the aforesaid calculation. (c) The aggregate amount so arrived shall be the Minimum Amount Due, which shall be payable latest by the date of the next month more particularly mentioned in Item No. XVI of Schedule A hereto. Provided that in the event the Minimum Amount Due is not deposited in the said Account by the said date, then in computing the Minimum Amount Due for the following month, which shall be computed as per the formulae above, the amount arrived at pursuant to (a) above for the previous month shall be also added to determine the Minimum Amount Due. Nothing in this clause shall in any manner affect the liability of the Borrower and/or the Co-Borrower/s and/or the Guarantor/s to deposit the Interest in the Account pursuant to the other provisions of this Agreement. 2.6 Joint and Several liabilities of the Borrower and/or the Co-Borrower/s and/or the Guarantor/s(s)