Common use of (Applicable to Purchasing Cards Only Clause in Contracts

(Applicable to Purchasing Cards Only. In the case of Purchasing Cards, the Bank will require any retailer, supplier or merchant in Hong Kong who agrees to accept Purchasing Cards to abide by terms and conditions specifically governing such acceptance and under such terms and conditions the retailer, supplier or merchant will be required to obtain payment for a transaction only on or after the date upon which the delivery of the relevant goods and services has been made (unless such payment represents a deposit payment). Once the payment for a transaction has been so effected by use of Purchasing Card, such payment cannot be stopped. If a retailer, supplier or merchant agrees to make a refund, the Bank will credit the relevant Card Account upon receipt of the retailer's, supplier's or merchant's written instruction. The Bank cannot be held responsible for any delay in the receipt of such instructions.