Common use of Acceptance of Your Payment Order Clause in Contracts

Acceptance of Your Payment Order. We are not obligated to accept any payment order that you give us, although we normally will accept your payment order if you have a withdrawable credit in an authorized account sufficient to cover the order. If we do not execute your payment order, but give you notice of our rejection of your payment order after the execution date or give you no notice, we are not liable to pay you as restitution any interest on a withdrawable credit in a non-interest-bearing account.

Appears in 4 contracts

Samples: Membership Account Agreement, Business & Organization Membership Account Agreement, Consumer Membership Account Agreement

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Acceptance of Your Payment Order. We are not obligated to accept any payment order that you give us, although we normally will accept your payment order if you have a withdrawable credit that can be withdrawn in an authorized account sufficient to cover the order. If we do not execute your payment order, but give you notice of our rejection of your payment order after the execution date or give you no notice, we are not liable to pay you as restitution any interest on a withdrawable credit that can be withdrawn in a non-interest-bearing account.

Appears in 2 contracts

Samples: Commercial Account Agreement, Commercial Account Agreement

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