Allocation of Payments definition

Allocation of Payments. We will allocate payment amounts equal to or less than the required Minimum Payment Due and any credits to balances on your Credit Line in any manner we determine, which may typically be to balances with lower APRs before balances with higher APRs. We allocate all payments in excess of the required Minimum Payment Due to balances with the highest APR first, then to lower APR balances in descending order of APRs. The manner in which we allocate any payment to your Credit Line balances may affect the amount of any payment applied to introductory or promotional financing balances, subject to applicable law, and may result in higher interest charges to your Credit Line, depending on the types of transactions you make (such as promotional or non-promotional Purchases, and if applicable Balance Transfers and/or Cash Advances), and the timing and amount of your payments.
View Source
Allocation of Payments. {tc "Section 3.3.
View Source
Allocation of Payments has the meaning specified in Section 9.01(a).
View Source

Examples of Allocation of Payments in a sentence

  • The parties must review and understand the following: Interest Due in the Event of Default Allocation of Payments Prepayment Acceleration (6A – Security) Attorney’s Fees and Costs Waiver of Presentments Non-Waiver Severability Integration Conflicting Terms Notice Co-Signer – Select the applicable box) – In the event there will be a co-signer, enter the person’s name Exectution Governing Law – Enter the state in which the document has been executed Step 5 – Signatures – Submit all required signatures.

  • Allocation of Payments – Describes how payments shall be made in regards to late fees, interest, and the principle.

  • Application and Allocation of Payments.........................................................

  • Each Loan Party hereby directs all insurers under all policies of property insurance to pay all proceeds payable thereunder directly to Agent, and Agent shall apply such proceeds as set forth in Sections 5.2.5 (Mandatory Prepayments) or 5.5 (Post-Default Allocation of Payments), as applicable.

  • The parties must review and understand the following: Interest Due in the Event of Default Allocation of Payments Prepayment Acceleration (6A – Security) Attorney’s Fees and Costs Waiver of Presentments Non- Waiver Severability Integration Conflicting Terms Notice Co-Signer – Select the applicable box) – In the event there will be a co-signer, enter the person’s name Exectution Governing Law – Enter the state in which the document has been executed Step 5 – Signatures – Submit all required signatures.

  • SECURED PARTIES’ RIGHTS AND REMEDIES AFTER DEFAULT 72 Section 11.1 Rights and Remedies 72 Section 11.2 Collateral Agent’s Discretion 73 Section 11.3 Setoff 73 Section 11.4 Intellectual Property License 73 Section 11.5 Rights and Remedies not Exclusive 74 Section 11.6 Allocation of Payments After Event of Default 74 ARTICLE XII.

  • Subject to the mandatory provisions of Dutch law on enforcement, all monies received or realized by the Pledgee in connection with the enforcement of any Right of Pledge shall be applied by the Pledgee in accordance with section 11.15 (Allocation of Payments) of the Credit Agreement.

  • The proceeds realized from the sale of any Collateral shall be applied as set forth in Section 11.5 [Allocation of Payments After Event of Default] hereof.

  • Allocation of Payments............................................................

  • Application and Allocation of Payments ..........................9 1.12.


More Definitions of Allocation of Payments

Allocation of Payments firstly to the payment of charges and sundry costs, then the payment of interest and finally to repayment of capital;
View Source
Allocation of Payments on the Mortgage Loans..
View Source

Related to Allocation of Payments

  • Debit Payment means a particular transaction where a debit is made.