Common use of Returning Checks Clause in Contracts

Returning Checks. We do not have to pay (and may return unpaid) any Check if: • You are in default under this Agreement; • We suspended or terminated your credit privileges; • We told you not to use the Account, Card or Checks for any reason; • The Check is postdated or stale. This means the date you put on the check is a date which is either (1) later than the date we get it, or (2) more than six months before the date we get it; or • You did not fully complete and/or sign the Check. If we pay a Check anyway, you still have to pay us the amount of that Check and any applicable interest or fees. If we don’t pay a Check, we may charge a Returned Check Fee.

Returning Checks. We do not have to pay (and may return unpaid) any Check if: • The amount of the Check would cause you to go over any of your credit limits; • You are in default under this Agreement; • We suspended or terminated your credit privileges; • We told you not to use the Account, Card or Checks for any reason; • The Check is postdated or stale. This means the date you put on the check is a date which is either (1) later than the date we get it, or (2) more than six months before the date we get it; or • You did not fully complete and/or sign the Check. If we pay a Check anyway, you still have to pay us the amount of that Check and any applicable interest or fees. If we don’t pay a Check, we may charge a Returned Check Fee.