Common use of Authority to Charge Your Account Clause in Contracts

Authority to Charge Your Account. You must designate a Funding Account and maintain a balance sufficient to fund all xxxx payments you initiate (in addition to all other charges and debits you may incur or authorize to that Account). You represent and warrant that you are authorized to charge that Account for all xxxx payments you initiate, and you will indemnify and hold us harmless from any claims by any other owner of that Account. You also agree that we are not responsible for any overdraft or insufficient funds situation or charge (including, but not limited to, finance charges, late fees or similar charges) caused by your failure to maintain a sufficient balance in that Account. You also authorize (but do not require) us to charge any of your other deposit accounts with us in order to fund your xxxx payments if there are insufficient funds in the Funding Account or the Funding Account is closed. You acknowledge that we will charge our standard insufficient funds and/or return check fees for any Direct Check we return. In addition, you agree we or our Provider may charge a service fee of $20.00 that is in addition to our standard fees for returned Electronic Payments, for any Electronic Payment that we return, including, but not limited to, returns resulting from insufficient funds in your Account, or the fact that your Account is closed. If there are insufficient funds in your Account, we may (but we are not obligated to) advance the funds to make payment to the Payee. You agree to pay us upon demand for any amounts that we have advanced to fund any xxxx payment, together with any applicable overdraft fees.

Authority to Charge Your Account. You must designate a Funding Account and maintain a balance sufficient to fund all xxxx payments you initiate (in addition to all other charges and debits you may incur or authorize to that Account). You represent and warrant that you are authorized to charge that Account for all xxxx payments you initiate, and you will indemnify and hold us harmless from any claims by any other owner of that Account. You also agree that we are not responsible for any overdraft or insufficient funds situation or charge (including, but not limited to, finance charges, late fees or similar charges) caused by your failure to maintain a sufficient balance in that Account. You also authorize (but do not require) us to charge any of your other deposit accounts with us in order to fund your xxxx payments if there are insufficient funds in the Funding Account or the Funding Account is closed. You acknowledge that we will charge our standard insufficient funds and/or return check fees for any Direct Check we return. In addition, you agree we or our Provider may charge a service fee of $20.00 that is in addition to our standard fees for returned Electronic Payments, for any Electronic Payment that we return, including, but not limited to, returns resulting from insufficient funds in your Account, or the fact that your Account is closed. If there are insufficient funds in your Account, we may (but we are not obligated to) advance the funds to make payment to the Payee. You agree to pay us upon demand for any amounts that we have advanced to fund any xxxx payment, together with any applicable overdraft fees.. 6.5