Authorization to Correct Errors and Modify Payments Sample Clauses
The "Authorization to Correct Errors and Modify Payments" clause grants one party the right to adjust payment amounts or correct errors in financial transactions related to the agreement. In practice, this means that if a payment is made incorrectly—such as due to a clerical mistake, overpayment, or underpayment—the authorized party can initiate corrections, which may include debiting or crediting the appropriate accounts. This clause ensures that both parties are protected from the consequences of inadvertent payment errors and provides a clear mechanism for resolving such issues efficiently.
Authorization to Correct Errors and Modify Payments. In the event the Kings make an error in processing a Charge or EFT, you authorize the Kings to initiate a credit or debit to the Card or to the Account to correct the error. If you inadvertently transpose a digit or make a similar error in providing the Kings with information about a payment method, you authorize the Kings to correct the error after verifying the information with you. Instead of or in addition to any payments described above, you authorize the Kings to create or initiate an EFT to the Account or charge the Card for any amount and on any date that you subsequently confirm by phone, text message, or email. If the amounts that result from multiplying percentages specified in a Payment Option by the remaining portion of the License Fee that you owe to us include fractional cents, you authorize the Kings to round the amounts up or down to the nearest ▇▇▇▇▇ and to make up any rounding overage or shortfall by adjusting the last payment.
Authorization to Correct Errors and Modify Payments. In the event of an error in processing a Charge or EFT, you authorize the Lightning to initiate a credit or debit to the Card or to the Deposit Account to correct the error. If you inadvertently transpose a digit or make a similar error in providing the Lightning with information about a payment method, you authorize the Lightning to correct the error after verifying the information with you. Instead of or in addition to any payments described above, you authorize the Lightning to create or initiate an EFT to the Deposit Account or Charge the Card for any amount and on any date that you subsequently confirm by phone, text message, or email. If the Installment Amount that you owe to us includes fractional cents, you authorize the Lightning to round the amounts up or down to the nearest ▇▇▇▇▇ and to make up any rounding overage or shortfall by adjusting the last payment.
Authorization to Correct Errors and Modify Payments. In the event the Galaxy make an error in processing a Charge or EFT, you authorize the Galaxy to initiate a credit or debit to the Card or to the Account to correct the error. If you inadvertently transpose a digit or make a similar error in providing the Galaxy with information about a payment method, you authorize the Galaxy to correct the error after verifying the information with you. Instead of or in addition to any payments described above, you authorize the Galaxy to create or initiate an EFT to the Account or Charge to the Card for any amount and on any date that you subsequently confirm by phone, text message, or email. If the amounts that result from multiplying percentages specified in a Payment Option by the remaining portion of the License Fee that you owe to us include fractional cents, you authorize the Galaxy to round the amounts up or down to the nearest ▇▇▇▇▇ and to make up any rounding overage or shortfall by adjusting the last payment.