Common use of Upon receipt of a Clause in Contracts

Upon receipt of a. credit issued by a merchant or supplier for Purchases charged to the Member Account, the Bank shall post the credit to the Card Account. If the Bank does not receive the credit prior to the time the related charge is included in a monthly Card Account Statement (as defined below), the amount of the related charge shall be paid by the Payment Due Date.

Appears in 5 contracts

Samples: Member Account Agreement, Account Agreement, Bmo Member Agreement

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