(Applicable to Corporate Cards Only. Where the Customer requests that the Bank do so, the Bank will accept payments from Cardholders acting as the Customer's agent in settlement of amounts shown on any Statement Balance. Where such payment is not made in cleared funds by the Settlement Date then the Customer will make such payment immediately upon receipt of a demand from the Bank and Clause 7.1 will apply to such amounts.
Appears in 2 contracts
Samples: Customer's Participation Agreement, Customer's Participation Agreement
(Applicable to Corporate Cards Only. Where the Customer Employer requests that the Bank do so, the Bank will accept payments from Cardholders acting as the CustomerEmployer's agent in settlement of amounts shown on any Statement Balance. Where such payment is not made in cleared funds by the Settlement Date then the Customer Employer will make such payment immediately upon receipt of a demand from the Bank and Clause 7.1 will apply to such amounts.
Appears in 2 contracts
Samples: Employer's Participation Agreement, Employer's Participation Agreement
(Applicable to Corporate Cards Only. Where the Customer Employer requests that the Bank do so, the Bank will accept payments from Cardholders acting as the Customer's Employer’s agent in settlement of amounts shown on any Statement Balance. Where such payment is not made in cleared funds by the Settlement Date then the Customer Employer will make such payment immediately upon receipt of a demand from the Bank and Clause 7.1 [7.1] will apply to such amounts.
Appears in 1 contract
Samples: Employer's Participation Agreement