Common use of Your minimum payment Clause in Contracts

Your minimum payment. You shall pay in one payment, by no later than the due date shown on your Account statement for a given period, the aggregate of the following: • At least 2.0% OF THE TOTAL of (1) the indebtedness remaining on the Account statement for the previous period; (2) the Purchases during the period covered by the Account statement; (3) the Cash Advances obtained and Convenience Cheques posted during the period covered by the Account statement; (4) the applicable interest charges on indebtedness that was not paid on the due date shown on the Account statement for the previous period; and (5) the applicable interest charges on Cash Advances obtained and Convenience Cheques posted during the period covered by the Account statement; LESS; (6) the payments received since the date of the Account statement for the previous period; and (7) the amount of any transaction that has led to a credit adjustment during that period; or $40, if 2.0% of the previously determined amount is less than $40; • Plus any annual card fees or additional card fees appearing on the current statement; • Plus any unpaid portion of the amount required to be paid by the payment due date set out in a previous Account statement; • Plus any other amount for which Collabria gives notice. You may elect to pay your Account balance in full at any time.

Your minimum payment. You shall pay in one payment, by no later than the due date shown on your Account statement for a given period, the aggregate of the following: • At least 2.0% OF THE TOTAL of (1) the indebtedness remaining on the Account statement for the previous period; ; (2) the Purchases during the period covered by the Account statement; (3) the Cash Advances obtained and Convenience Cheques posted during the period covered by the Account statement; (4) the applicable interest charges on indebtedness that was not paid on the due date shown on the Account statement for the previous period; and (5) the applicable interest charges on Cash Advances obtained and Convenience Cheques posted during the period covered by the Account statement; LESS; (6) the payments received since the date of the Account statement for the previous period; and (7) the amount of any transaction that has led to a credit adjustment during that period; or $40, if 2.0% of the previously determined amount is less than $40; • Plus any annual card fees or additional card fees appearing on the current statement; • Plus any unpaid portion of the amount required to be paid by the payment due date set out in a previous Account statement; • Plus any other amount for which Collabria gives notice. You may elect to pay your Account balance in full at any time.