Common use of Skip Payment Option Clause in Contracts

Skip Payment Option. We may allow you, from time to time, to omit a monthly payment. We will notify you as to any month in which the option is available. If you omit a payment, FINANCE CHARGES will accrue on your balance in accordance with this Agreement. A skip payment does not extend the period within which the Business must pay the New Balance Total in order to completely avoid FINANCE CHARGES on purchases. A minimum payment will be due in the month following the month in which you skip your payment.

Skip Payment Option. We may allow you, from time to time, to omit a monthly payment. We will notify you as to any month in which the option is available. If you omit a payment, FINANCE CHARGES and insurance premiums, if any, will accrue on your balance in accordance with this Agreement. A skip payment does not extend the period within which the Business you must pay the New Balance Total new balance total in order to completely avoid FINANCE CHARGES on purchases. A minimum payment will be due in the month following the month in which you skip your payment.

Skip Payment Option. We may allow you, from time to time, to omit a monthly payment. We will notify you as to any month in which the option is available. If you omit a payment, FINANCE CHARGES and insurance premiums, if any, will accrue on your balance in accordance with this Agreement. A skip payment does not extend the period within which the Business you must pay the New Balance Total in order to completely avoid FINANCE CHARGES on purchases. A minimum payment will be due in the month following the month in which you skip your payment.