Common use of AUTOMATIC PAYMENT SERVICE Clause in Contracts

AUTOMATIC PAYMENT SERVICE. If you requested to have your credit Card payment made automatically, your payment will be made on the due date printed on your statement. If the payment date falls on a weekend or holiday, the payment will be made the next processing day. Payments will be based on the account balance from the previous month’s statement. If you wish to cancel this service, you may notify us either by calling or writing, at any time, up to 3 business days before the scheduled date of the transfer. You must follow up any oral notification, in writing, within 14 days of the oral notification. Any financial service provided by the credit union maybe used for any transaction permitted by law. You agree that illegal use of any financial service will be deemed an action of default and/or breach of contract and such service and/or other related services may be terminated at our discretion. Illegal use includes, but is not in any way limited to, unlawful Internet gambling. You further agree, should illegal use occur, to waive the right to sue us for such illegal activity directly or indirectly related to it. You also agree to indemnify and hold the credit union harmless from any suits or other legal action or liability, directly or indirectly, including credit union expenses associated with defense of such law suits or other legal action, including attorney fees, resulting from such illegal use.

AUTOMATIC PAYMENT SERVICE. If you requested to have your credit Card payment made automatically, your payment will be made on 25 days after the due date printed on your statementstatement print date. If the payment date falls on a weekend or holiday, the payment will be made the next processing day. Payments will be based on the account balance from the previous month’s statement. If you wish to cancel this service, you may notify us either by calling or writing, at any time, up to 3 business days before the scheduled date of the transfer. You must follow up any oral notification, in writing, within 14 days of the oral notification. Any financial service provided by the credit union maybe used for any transaction permitted by law. You agree that illegal use of any financial service will be deemed an action of default and/or breach of contract and such service and/or other related services may be terminated at our discretion. Illegal use includes, but is not in any way limited to, unlawful Internet gambling. You further agree, should illegal use occur, to waive the right to sue us for such illegal activity directly or indirectly related to it. You also agree to indemnify and hold the credit union harmless from any suits or other legal action or liability, directly or indirectly, including credit union expenses associated with defense of such law suits or other legal action, including attorney fees, resulting from such illegal use.