Common use of Happen After We Receive Your Letter Clause in Contracts

Happen After We Receive Your Letter. When we receive your letter, we must do two things: • Within 30 days of receiving your letter, we must tell you that we received your letter. We will also tell you if we have already corrected the error. • Within 90 days of receiving your letter, we must either correct the error or explain to you why we believe the xxxx is correct. While we investigate whether or not there has been an error: • We cannot try to collect the amount in question, or report you as delinquent on that amount. • The charge in question may remain on your statement, and we may continue to charge you interest on that amount. • While you do not have to pay the amount in question, you are responsible for the remainder of your balance. • We can apply any unpaid amount against your credit limit. After we finish our investigation, one of two things will happen: • If we made a mistake: You will not have to pay the amount in question or any interest or other fees related to that amount. • If we do not believe there was a mistake: You will have to pay the amount in question, along with applicable interest and fees. We will send you a statement of the amount you owe and the date payment is due. We may then report you as delinquent if you do not pay the amount we think you owe. If you receive our explanation but still believe your xxxx is wrong, you must write to us within 10 days telling us that you still refuse to pay. If you do so, we cannot report you as delinquent without also reporting that you are questioning your xxxx. We must tell you the name of anyone to whom we reported you as delinquent, and we must let those organizations know when the matter has been settled between us. If we do not follow all of the rules above, you do not have to pay the first $50.00 of the amount in question, even if your xxxx is correct.

Happen After We Receive Your Letter. When we receive your letter, we must do two things: • 1. Within 30 days of receiving your letter, we must tell you that we received your letter. We will also tell you if we have already corrected the error. • 2. Within 90 days of receiving your letter, we must either correct the error or explain to you why we believe the xxxx is correct. While we investigate whether or not there has been an error: • We cannot try to collect the amount in question, or report you as delinquent on that amount. • The charge in question may remain on your statement, and we may continue to charge you interest on that amount. • While you do not have to pay the amount in question, you are responsible for the remainder of your balance. • We can apply any unpaid amount against your credit limit. After we finish our investigation, one of two things will happen: • If we made a mistake: You will not have to pay the amount in question or any interest or other fees related to that amount. • If we do not believe there was a mistake: You will have to pay the amount in question, along with applicable interest and fees. We will send you a statement of the amount you owe and the date the payment is due. We may then report you as delinquent if you do not pay the amount we think you owe. If you receive our explanation but still believe your xxxx is wrong, you must write to us within 10 days telling us that you still will refuse to pay. If you do so, we cannot report you as delinquent without also reporting that you are questioning your xxxx. We must tell you the name of anyone to whom we reported you as delinquent, and we must let those organizations know when the matter has been settled between us. If we do not follow all of the rules above, you do not have to pay the first $50.00 50 of the amount in question, you question even if your xxxx is correct.

Happen After We Receive Your Letter. When we receive your letter, we must do two things: • Within 30 days of receiving your letter, we must tell you that we received your letter. We will also tell you if we have already corrected the error. • Within 90 days of receiving your letter, we must either correct the error or explain to you why we believe the xxxx bill is correct. While we investigate whether or not there has been an error: • We cannot try to collect the amount in question, or report you as delinquent on that amount. • The charge in question may remain on your statement, and we may continue to charge you interest on that amount. • While you do not have to pay the amount in question, you are responsible for the remainder of your balance. • We can apply any unpaid amount against your credit limit. After we finish our investigation, one of two things will happen: • If we made a mistake: You will not have to pay the amount in question or any interest or other fees related to that amount. • If we do not believe there was a mistake: You will have to pay the amount in question, along with applicable interest and fees. We will send you a statement of the amount you owe and the date payment is due. We may then report you as delinquent if you do not pay the amount we think you owe. If you receive our explanation but still believe your xxxx bill is wrong, you must write to us within 10 days telling us that you still refuse to pay. If you do so, we cannot report you as delinquent without also reporting that you are questioning your xxxxbill. We must tell you the name of anyone to whom we reported you as delinquent, and we must let those organizations know when the matter has been settled between us. If we do not follow all of the rules above, you do not have to pay the first $50.00 of the amount in question, even if your xxxx is correct.

Happen After We Receive Your Letter. When we receive your letter, we must do two things: • – Within 30 days of receiving your letter, we must tell you that we received your letter. We will also tell you if we have already corrected the error. • – Within 90 days of receiving your letter, we must either correct the error or explain to you why we believe the xxxx bill is correct. While we investigate whether or not there has been an error: • – We cannot try to collect the amount in question, or report you as delinquent on that amount. • – The charge in question may remain on your statement, and we may continue to charge you interest on that amount. • – While you do not have to pay the amount in question, you are responsible for the remainder of your balance. • – We can apply any unpaid amount against your credit limit. Credit Line Agreement After we finish our investigation, one of two things will happen: • – If we made a mistake: You will not have to pay the amount in question or any interest or other fees related to that amount. • – If we do not believe there was a mistake: You will have to pay the amount in question, along with applicable interest and fees. We will send you a statement of the amount you owe and the date payment is due. We may then report you as delinquent if you do not pay the amount we think you owe. If you receive our explanation but still believe your xxxx bill is wrong, you must write to us within 10 days telling us that you still refuse to pay. If you do so, we cannot report you as delinquent without also reporting that you are questioning your xxxxbill. We must tell you the name of anyone to whom we reported you as delinquent, and we must let those organizations know when the matter has been settled between us. If we do not follow all of the rules above, you do not have to pay the first $50.00 50 of the amount in question, you question even if your xxxx bill is correct. Borrower: Ouster, Inc. Credit Line Account: [***] Collateral Accounts: [***] ADDENDUM TO CREDIT LINE ACCOUNT APPLICATION AND AGREEMENT This Addendum to Credit Line Account Application and Agreement (this “Addendum”) is attached to, incorporated by reference into and is fully a part of the Credit Line Account Application and Agreement for Organizations and Businesses (the “Credit Line Agreement”), including, without limitation, the Borrower Agreement included therein (the “Borrower Agreement”), by and between UBS Bank USA (the “Bank”) and Ouster, Inc., a Delaware corporation (the “Borrower”), dated as of the date hereof (such Credit Line Agreement, together with the Borrower Agreement, each as may be amended, supplemented or otherwise modified from time to time, are collectively referred to herein as the “Agreement”). Any conflict, inconsistency or ambiguity between (i) the terms of any or all of the Agreement, on the one hand, and this Addendum, on the other hand, or (ii) the terms of this Addendum and the terms of any other document or agreement between the Borrower or any other Pledgor and the Bank (or between the Borrower or any other Pledgor and UBS Financial Services Inc.) relating to the Credit Line or the Collateral Account (including, without limitation, the “Agreements and Disclosures,” the “UBS Client Relationship Agreement” and the “Loan Disclosure Statement” relating to the Collateral Account and all other agreements relating to the establishment, administration and operation of the Collateral Account), shall be resolved in favor of the terms of this Addendum. In all other respects, the terms and provisions of the Agreement remain in full force and effect. Defined terms used herein shall have the respective meanings set forth in the Agreement unless otherwise defined in this Addendum.