Common use of Billing Statement Clause in Contracts

Billing Statement. CDF will transmit or otherwise send Dealer a monthly billing statement identifying all charges due on Dealer’s account with CDF. The charges specified on each billing statement will be: (a) due and payable in full immediately on receipt, and (b) an account stated, unless CDF receives Dealer’s written objection thereto within fifteen (15) days after it is transmitted or otherwise sent to Dealer. If CDF does not receive, by the 25th day of any given month, payment of all charges accrued to Dealer’s account with CDF during the immediately preceding month, Dealer will (to the extent allowed by law) pay 63670 (02/10) Modified Approved by 04: 06/15/10 1 CDF a late fee equal to the greater of $5 or 5% of the amount of such charges (payment of such fee does not waive the default caused by the late payment). Dealer shall pay CDF its customary charge for any check or other item which is returned unpaid to CDF and for each ACH (as defined below) debit rejected by Dealer’s bank. CDF may adjust the billing statement at any time to conform to applicable law and this Agreement. Dealer waives the right to direct the application of any payments hereafter received by CDF on account of the Obligations. CDF will have the continuing exclusive right to apply and reapply any and all such payments in such manner as CDF may deem advisable notwithstanding any entry by CDF upon its books and records.

Billing Statement. CDF will transmit or otherwise send Dealer a monthly billing statement statement(s) identifying all charges due on Dealer’s account with CDF. The interest and fee charges specified on each billing statement will be: (a) due and payable in full immediately on receipt, and (b) an account stated, unless CDF receives Dealer’s written objection thereto within fifteen (15) days after it is transmitted or otherwise sent mailed to Dealer. If CDF does not receive, by the 25th day of any given month, payment of all charges accrued to Dealer’s account with CDF during the immediately preceding month, Dealer will (to the extent allowed by law) pay 63670 (02/10) Modified Approved by 04: 06/15/10 1 CDF a late fee equal to the greater of $5 or 5% of the amount of such finance charges (payment of such fee does not waive the default caused by the late payment). Dealer shall will pay CDF its customary charge $100 (or such other amount as may be communicated pursuant to Section 2.2.2 below) for any check or other item which is each of Dealer’s checks returned unpaid to CDF for insufficient funds and for each ACH (as defined below) debit rejected by Dealer’s bankbank due to insufficient funds in Dealer’s accounts (each, an “NSF check”) (such $100 payment repays CDF’s estimated administrative costs; it does not waive the default caused by the NSF check). CDF may adjust the billing statement at any time to conform to applicable law and this Agreement. Dealer waives the right to direct the application of any payments hereafter received by CDF on account of the Obligations. CDF will have the continuing exclusive right to apply and reapply any and all such payments in such manner as CDF may deem advisable notwithstanding any entry by CDF upon its books and records.

Billing Statement. CDF will transmit or otherwise send Dealer a monthly billing statement identifying all charges due on Dealer’s account with CDF. The charges specified on each billing statement will be: (a) due and payable in full immediately on receipt, and (b) an account stated, unless CDF receives Dealer’s written objection thereto within fifteen (15) days after it is transmitted or otherwise sent to Dealer. If CDF does not receive, by the 25th day of any given month, payment of all charges accrued to Dealer’s account with CDF during the immediately preceding month, Dealer will (to the extent allowed by law) pay 63670 (02/10) Modified Approved by 04: 06/15/10 1 CDF a late fee equal to the greater of $5 or 5% of the amount of such charges (payment of such fee does not waive the default 63670 (02/10) Float Approved by 007: 3/2/11 1 caused by the late payment). Dealer shall pay CDF its customary charge for any check or other item which is returned unpaid to CDF and for each ACH (as defined below) debit rejected by Dealer’s bank. CDF may adjust the billing statement at any time to conform to applicable law and this Agreement. Dealer waives the right to direct the application of any payments hereafter received by CDF on account of the Obligations. CDF will have the continuing exclusive right to apply and reapply any and all such payments in such manner as CDF may deem advisable notwithstanding any entry by CDF upon its books and records.

Billing Statement. CDF will transmit or otherwise send Dealer a monthly billing statement statement(s) identifying all interest and fee charges due on Dealer’s 's account with CDF. The interest and fee charges specified on each billing statement will be: (a) due and payable in full immediately on receipt, and (b) an account stated, unless CDF receives Dealer’s 's written objection thereto within fifteen (15) days after it is transmitted or otherwise sent mailed to Dealer. If CDF does not receive, by the 25th day of any given month, payment of all charges accrued to Dealer’s 's account with CDF during the immediately preceding month, Dealer will (to the extent allowed by law) pay 63670 (02/10) Modified Approved by 04: 06/15/10 1 CDF a late fee equal to the greater of $5 or 5% of the amount of such finance charges (payment of such fee does not waive the default caused by the late payment). Dealer shall will pay CDF its customary charge $25 (or such other amount as may be communicated pursuant to Section 2.2.2 below) for any check or other item which is each of Dealer's checks returned unpaid to CDF for insufficient funds and for each ACH (as defined below) debit rejected by Dealer’s bankbank (each, an "NSF check") (such $25 payment repays CDF's estimated administrative costs; it does not waive the default caused by the NSF check). CDF may adjust the billing statement at any time to conform to applicable law and this Agreement. Dealer waives the right to direct the application of any payments hereafter received by CDF on account of the Obligations. CDF will have the continuing exclusive right to apply and reapply any and all such payments in such manner as CDF may deem advisable notwithstanding any entry by CDF upon its books and records.