Common use of Returned Payment Fee Clause in Contracts

Returned Payment Fee. The Bank, in its discretion, may collect from the Borrower a returned payment fee each time a payment is returned or if there are insufficient funds in the designated account when a payment is attempted through automatic payment.

Appears in 11 contracts

Sources: Loan Agreement (Air T Inc), Loan Agreement (Lifevantage Corp), Loan Agreement (Thorne Healthtech, Inc.)

Returned Payment Fee. The Bank, in its discretion, may collect from the Borrower a reasonable returned payment fee each time a payment is returned or if there are insufficient funds in the designated account when a payment is attempted through automatic payment.

Appears in 1 contract

Sources: Loan Agreement (Natures Sunshine Products Inc)