SPEND LIMITS Sample Clauses
The SPEND LIMITS clause sets a maximum amount that can be spent under a contract or agreement. It typically specifies a dollar cap on expenditures, either for the entire contract term or for specific periods, and may require prior approval for any spending above this threshold. This clause helps control costs, prevent budget overruns, and ensures that both parties are aware of and agree to financial boundaries within the contractual relationship.
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SPEND LIMITS. 8.1 We may from time to time set a dollar limit for the amount we will allow you to spend on the Services during a month ("Spend Limit"). The Spend Limit is only a guideline for our credit management action, which may include the following:
(a) providing an update of your total cumulative charges;
(b) advising the value exceeding the spend limit; and
(c) an interim invoice, upon which payment must be received in order to continue supply of the Services or Equipment.
8.2 We may also monitor your Service for excessive or unusual usage or your level of liability for charges for such usage. You acknowledge and agree that we can suspend, cancel or Bar your Service upon reasonable verbal or written notice to you if we have reasonable grounds for believing that you represent a credit risk in relation to the Service, including:
(a) where the Services are being used in an excessive or unusual way or an unusually high volume or spend for the relevant Service when compared with previous account activity for that Service;
(b) your failure to respond to notices from us about unusual high volume or spend;
(c) your failure to pay a current bill in circumstances where your payment history indicates a series of late payments, dishonoured payments or failures to pay. If we do suspend, Bar or cancel your Service, you still have to pay for any charges incurred for any excessive or unusual usage, regardless of how caused.
8.3 We will not be responsible for any Equipment tampering or Service fraud. Should you have any questions in relation to steps which may be taken to reduce the potential risk of fraud in relation to a Service or Equipment, please contact us and we will endeavour to provide such information or direct you to an appropriate source of information.
SPEND LIMITS. (a) We may from time to time set a Spend Limit for the amount we will allow you to spend on one or more Services during a month. The Spend Limit is only a guideline for our credit management process. The action we take as part of our credit management process will depend on the amount by which you have exceeded your Spend Limit, and may include the following:
(i) verbally advising you of the total charges you have incurred;
(ii) advising you in writing (including by email) of the total charges you have incurred; and/or
(iii) issuing an interim invoice, payment of which must be received, to continue supply of the Services.
(b) We may also monitor your use of the Services for excessive or unusual usage or your level of liability for charges for such usage, but do not promise to do so. You acknowledge and agree that in addition to our rights under clause 18, we can suspend, cancel or Bar your Services upon reasonable verbal or written notice to you (including by email) if we have reasonable grounds for believing that you represent a credit risk in relation to the Service, including where:
(i) Service is being used in an excessive or unusual way or there is an unusually high volume or spend for that Service when compared with previous account activity for that Service;
(ii) you fail to respond to notices from us about unusually high volume or spend; or
(iii) you fail to pay an invoice that is due and payable in circumstances where your payment history indicates a series of late payments, dishonoured payments or failures to pay.
(c) If we suspend, Bar or cancel a Service, you must still pay for any charges incurred for any excessive or unusual usage (regardless of how caused) and the provisions relating to liability and indemnity also remain unaffected.
(d) If you wish to Bar access to premium rate Services from the Services we provide you, please contact us.
(e) We will not be responsible for any equipment tampering or Service fraud except to the extent that such tampering or fraud is caused by us. Should you have any questions in relation to steps which may be taken to reduce the potential risk of fraud in relation to Services or telecommunications equipment, please contact us and we will endeavour to provide such information or direct you to an appropriate source of information.
SPEND LIMITS. We may from time to time set a dollar limit for the amount we will allow you to spend on the Services during a month ("Spend Limit"). The Spend Limit is only a guideline for our credit management action, which may include the following: providing an update of your total cumulative charges; advising the value exceeding the spend limit; and an interim invoice, upon which payment must be received in order to continue supply of the Services or Equipment.