Common use of Double payments Clause in Contracts

Double payments. Should PURCHASER receive a double payment on an Account or other payment which is not identified, PURCHASER shall carry these sums as open items and shall return them to said payor upon proper identification. After six months following receipt of such payments, PURCHASER may, if it so elects, consider such payment or unidentified items as credits towards any outstanding obligations of CLIENT.

Double payments. Should PURCHASER receive a double payment on an Account or other payment which is not identified, PURCHASER shall carry these sums as open items and shall return them to said payor Payer upon proper identification. After six months following receipt of such payments, PURCHASER may, if it so elects, consider such payment or unidentified items as credits towards any outstanding obligations of CLIENT.