Common use of Payment Guarantee Clause in Contracts

Payment Guarantee. If all Payment guidelines were followed and a Payment is still posted late to your Account with a merchant resulting in a late fee, at our discretion, we will make an attempt to have the Merchant waive the late fees. If the Merchant is unwilling to waive late fees, up to $50 in late fees assessed by the Merchant will be covered by us. However, due to factors beyond our control such as the U.S. Mail and payment processing at the Merchant, it is not guaranteed that a Payment will post on the fifth business day (or second, if issued electronically). It is imperative to note that Merchant grace periods are not taken into consideration, and if adequate lead time prior to the payment due date was not allowed by you in scheduling the Payment, this Guarantee is void.

Appears in 8 contracts

Sources: Bill Pay Agreement, Online Bill Payment Agreement, Bill Pay Agreement

Payment Guarantee. If all Payment guidelines were followed and a Payment is still posted late to your Account with a merchant Merchant resulting in a late fee, at our discretion, we will make an attempt to have the Merchant waive the late fees. If the Merchant is unwilling to waive late fees, up to $50 in late fees assessed by the Merchant will be covered by us. However, due to factors beyond our control such as the U.S. Mail and payment processing at the Merchant, it is not guaranteed that a Payment will post on the fifth business day (or second, if issued electronically). It is imperative to note that Merchant grace periods are not taken into consideration, and if adequate lead time prior to the payment due date was not allowed by you in scheduling the Payment, this Guarantee is void.

Appears in 4 contracts

Sources: Bill Payment Agreement, Commercial Internet Banking Agreement, Commercial Internet Banking Agreement

Payment Guarantee. If all Payment guidelines were followed and a Payment payment is still posted late to your Account account with a merchant resulting in a late fee, at our discretion, we will make an attempt to have the Merchant waive the late fees. If the Merchant is unwilling to waive late fees, up to $50 in late fees assessed by the Merchant will be covered by us. However, due to factors beyond our control such as the U.S. Mail and payment processing at the Merchant, it is not guaranteed that a Payment will post on the fifth business day (or second, if issued electronically). It is imperative to note that Merchant grace periods are not taken into consideration, and if adequate lead time prior to the payment due date was not allowed by you in scheduling the Payment, this Guarantee is void.

Appears in 1 contract

Sources: Bill Pay Agreement

Payment Guarantee. If all Payment payment guidelines were followed and a Payment payment is still posted late to your Account account with a merchant Merchant resulting in a late fee, at our discretion, we will make an attempt to have the Merchant waive the late fees. If the Merchant is unwilling to waive the late fees, up to $50 in late fees assessed by the Merchant will merchant may be covered by us. However, due to factors beyond our control such as the U.S. Mail and payment processing at the Merchant, it is not guaranteed that a Payment will post on the fifth business day (or second, if issued electronically). It is imperative to note that Merchant grace periods are not taken into consideration, and if adequate lead time prior to the payment due date was not allowed by you you, in scheduling the Paymentpayment, this Guarantee is void.

Appears in 1 contract

Sources: Bill Payment Services Agreement

Payment Guarantee. If all Payment guidelines were followed and a Payment is still posted late to your Account account with a merchant Merchant resulting in a late fee, at our discretion, we will make an attempt to have the Merchant waive the late fees. If the Merchant is unwilling to waive late fees, up to $50 in late fees assessed by the Merchant will be covered by us. However, due to factors beyond our control such as the U.S. Mail and payment Payment processing at the Merchant, it is not guaranteed that a Payment will post on the fifth business day (or second, if issued electronically). It is imperative to note that Merchant grace periods are not taken into consideration, and if adequate lead time prior to the payment Payment due date was not allowed by you in scheduling the Payment, this Guarantee is void.

Appears in 1 contract

Sources: Bill Pay Agreement