Common use of Returned ACHs Clause in Contracts

Returned ACHs. The financial institution that holds your Partner Account may return as unpaid an ACH debit if, for example, your Partner Account does not have sufficient available funds in it to cover the full amount of the debit, your Partner Account is closed, or for other reasons. In the event an ACH is returned, your use of the Debit Card or the Extra Rewards Program will be suspended. If payments are not made within 30 days, we reserve our right to instruct the Issuing Bank to freeze, suspend, or cancel your Account. Extra maintains no recourse against you for unpaid ACHs.

Appears in 4 contracts

Samples: Loan Brokerage Agreement, Loan Brokerage Agreement, Extra Terms of Service

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Returned ACHs. The financial institution that holds your Partner Account may return as unpaid an ACH debit if, for example, your Partner Account does not have sufficient available funds in it to cover the full amount of the debit, your Partner Account is closed, or for other reasons. In the event an ACH is returned, your use of the Debit Card or the Extra Rewards Program Spend Power will be suspended. If payments are not made within 30 daysdays after the initial date of a failed payment, we reserve our right to instruct the Issuing Bank to freeze, suspend, or cancel your Account. Extra maintains no recourse against you for unpaid ACHs.

Appears in 1 contract

Samples: Loan Brokerage Agreement

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Returned ACHs. The financial institution that holds your Partner Account may return as unpaid an ACH debit if, for example, your Partner Account does not have sufficient available funds in it to cover the full amount of the debit, your Partner Account is closed, or for other reasons. In the event an ACH is returned, your use of the Debit Card or the Extra Rewards Program will be suspended. If payments are not made within 30 days, we reserve our right to instruct the Issuing Bank to freeze, suspend, or cancel your Accountaccount. Extra maintains no recourse against you for unpaid ACHs.

Appears in 1 contract

Samples: sfo2.digitaloceanspaces.com

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