Common use of Funding Accounts Clause in Contracts

Funding Accounts. If you use CardSwap®, payments will be paid using funds from your designated Payment Card. By initiating a payment through CardSwap®, you authorize us to charge the Funding Account that is linked to the Payment Card you designate to pay such bill. You represent and warrant that you have the right to authorize us to charge the Funding Account for payments you initiate using CardSwap®. You agree to maintain a balance or available credit limit in each specified Funding Account that is sufficient to fund all payments made using the debit or credit card linked via CardSwap®. If for any reason the Payee is unable to access funds from the specified Funding Account to make a payment transaction you initiate (for example, non-sufficient funds, restricted, expired, or closed debit or credit card, exceeding maximum limits of debit or credit card), the transaction may not be completed. We are not responsible for any overdraft fees, over-the-limit fees, or nonsufficient funds fee (including finance charges, late fees, or similar charges) that result from your failure to maintain a balance or available credit in a Funding Account that is sufficient to fund the payments you initiate using the debit or credit card linked via CardSwap®.

Appears in 2 contracts

Samples: Banking Agreement, Banking Agreement

AutoNDA by SimpleDocs

Funding Accounts. If you use CardSwap®, payments will be paid using funds from your designated Payment CardIMCU account (your “Funding Account”). By initiating a payment through CardSwap®, you authorize us to charge the Funding Account that is linked to the your Payment Card card(s) that you designate to pay such billXxxx. You represent and warrant that you have the right to authorize us to charge the Funding Account for payments you initiate using CardSwap®. You agree to maintain a balance or available credit limit in each specified Funding Account that is sufficient to fund all payments made using the debit Debit or credit card Credit Card linked via CardSwap®. If for any reason the Payee is unable to access funds from the specified Funding Account to make a payment transaction you initiate (for example, non-sufficient funds, restricted, expired, or closed debit Debit or credit cardCredit Card, exceeding maximum limits of debit Debit or credit cardCredit Card), the transaction may not be completed. We are not responsible for any overdraft fees, over-the-limit fees, or nonsufficient funds fee insufficient fund charges (including finance charges, late fees, or similar charges) that result from your failure to maintain a balance or available credit in a Funding Account that is sufficient to fund the payments you initiate using the debit Debit or credit Credit card linked via CardSwap®.

Appears in 1 contract

Samples: Banking Agreement

AutoNDA by SimpleDocs

Funding Accounts. If you use CardSwap®, payments will be paid using funds from your designated Payment Card. By initiating a payment through CardSwap®, you authorize us to charge the Funding Account that is linked to the Payment Card you designate to pay such billxxxx. You represent and warrant that you have the right to authorize us to charge the Funding Account for payments you initiate using CardSwap®. You agree to maintain a balance or available credit limit in each specified Funding Account that is sufficient to fund all payments made using the debit or credit card linked via CardSwap®. If for any reason the Payee is unable to access funds from the specified Funding Account to make a payment transaction you initiate (for example, non-sufficient funds, restricted, expired, or closed debit or credit card, exceeding maximum limits of debit or credit card), the transaction may not be completed. We are not responsible for any overdraft fees, over-the-limit fees, or nonsufficient funds fee (including finance charges, late fees, or similar charges) that result from your failure to maintain a balance or available credit in a Funding Account that is sufficient to fund the payments you initiate using the debit or credit card linked via CardSwap®.

Appears in 1 contract

Samples: Banking Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.