Common use of Dishonoured Settlement Clause in Contracts

Dishonoured Settlement. In the event any funds transfer of any kind authorised by Client is dishonoured by Client’s financial institution or not completed for any reason, Corpay will charge, and Client agrees, unless otherwise restricted by law or regulation, to pay all processing costs, fees, penalties, and liabilities incurred by Corpay because of such incomplete funds transfer.

Appears in 1 contract

Sources: Antrag Und Vertrag Für Ein Geschäftskonto

Dishonoured Settlement. In the event any funds transfer of any kind authorised by Client is dishonoured by Client’s financial institution or not completed for any reason, Corpay Markets will charge, charge and Client agrees, unless otherwise restricted by law or regulation, to pay all processing costs, fees, penalties, and liabilities incurred by Corpay because Markets as a result of such incomplete funds transfer.

Appears in 1 contract

Sources: Business Account Application and Contract