Common use of Credit Card Authorization Clause in Contracts

Credit Card Authorization. Being the cardholder or corporate officer, by accepting this Agreement, Licensee understands and agrees to the terms set forth in this Agreement, agrees to pay, and specifically authorizes Licensor to charge the credit card provided by Licensee as its payment method for all charges contemplated in this Agreement. In the event the credit card provided by Licensee becomes invalid, Licensee will provide Licensor with a new valid credit card upon request, to be charged for the payment of any outstanding balances owed pursuant to this Agreement. Licensee hereby warrants and represents that they have the authority to provide the aforesaid authorization. Licensor will perform an initial credit card authorization for the payment(s) due pursuant to this Agreement to validate available credit and may perform further authorizations for additional amounts payable at later dates.