Bounced Cheques Clause Samples
The Bounced Cheques clause establishes the consequences and procedures that apply when a cheque issued as payment is not honored by the bank due to insufficient funds or other reasons. Typically, this clause outlines the steps the payee may take, such as demanding immediate repayment, charging additional fees, or suspending services until the payment is resolved. Its core function is to deter payment defaults and provide a clear remedy for the payee in the event of a dishonored cheque, thereby reducing financial risk and ensuring prompt resolution of payment issues.
Bounced Cheques. If a Customer’s cheque for a given payment bounces, the barcodes for the Customer’s Tickets shall be suspended until payment in full is made. ADR will make all reasonable efforts to communicate by email and/or telephone with the Customer to complete a payment by credit card, or to request the sending of a new cheque within ten (10) working days following the initial refusal. The Customer understands and agrees that in the event of non-payment, no refund will be issued for any games missed during this suspension. If a Customer enrolled in one of the payment plans previously outlined in 2 and/or 3 misses two (2) consecutive payments, ADR may terminate the Customer’s ticket plan. If the Customer’s ticket plan is terminated, ADR reserves the right to resell Tickets for future games. In the event that ADR terminates the Customer’s ticket plan, ADR will provide written notice to the Customer.