Common use of Billing and Accounting Clause in Contracts

Billing and Accounting. 3.1 The Bank shall maintain a separate card account for each Card (the "Card Account"), to which the value of all purchases of goods or services and of all cash advances (in the case of Corporate Cards) effected by use of the Card ("Card Transactions") will be debited, and to which the value of credit vouchers issued in respect of the Card will be credited. 3.2 The Bank will send to the Customer monthly (on the statement date) a consolidated Card statement detailing the current total amount outstanding in respect of all Corporate Cards or Purchasing Cards, as the case may be (the "Statement Balance") and the date on which such account is due for settlement in full by the Customer ("Settlement Date"), and simultaneously to each Cardholder a Card statement detailing the current total amount outstanding on the Cardholder's Card Account and the Settlement Date.

Billing and Accounting. 3.1 The Bank shall maintain a separate card account for each Card (the "Card Account"), to which the value of all purchases of goods or services and of all cash advances (in the case of Corporate Cards) effected by use of the Card ("Card Transactions") will be debited, and to which the value of credit vouchers issued in respect of the Card will be credited. 3.2 The Bank will send to the Customer Employer monthly (on the statement date) a consolidated Card statement detailing the current total amount outstanding in respect of all Corporate Cards or Purchasing Cards, as the case may be (the "Statement Balance") and the date on which such account is due for settlement in full by the Customer Employer ("Settlement Date"), and simultaneously to each Cardholder a Card statement detailing the current total amount outstanding on the Cardholder's Card Account and the Settlement Date.

Billing and Accounting. 3.1 The Bank shall maintain a separate card account for each Card (the "Card Account"), to which the value of all purchases of goods or services and of all cash advances (in the case of Corporate Cards) effected by use of the Card ("Card Transactions") will be debited, and to which the value of credit vouchers issued in respect of the Card will be credited. 3.2 The Bank will send to the Customer Employer monthly (on the statement date) a consolidated Card statement detailing the current total amount outstanding in respect of all Corporate Cards or Purchasing Cards, as the case may be (the "Statement Balance") and the date on which such account is due for settlement in full by the Customer Employer ("“Settlement Date"”), and simultaneously to each Cardholder a Card statement detailing the current total amount outstanding on the Cardholder's Card Account and the Settlement Date.