Common use of Consequences of Any Termination Clause in Contracts

Consequences of Any Termination. a. If this Agreement ends for any reason, you and/or Your Company (dependent on which liability structure is chosen for the Account, see Section 12 “Liability for Charges” of this Agreement) must pay all money you owe us immediately, including unbilled Charges that may not be shown on your last Statement and ensure the discontinuation of use of your Account. We will only close your Account when you and/or Your Company have paid off all amounts you owe us. b. You and/or Your Company (dependent on which liability structure is chosen for the Account, see Section 12 “Liability for Charges” of this Agreement) will continue to be responsible for all Charges made using your Account until you and/or Your Company (as applicable) has paid off all amounts you and/or Your Company (as applicable) owe us and your Account is no longer used. c. Concerning the commissions and expenses that are charged periodically under this Agreement, You and/or Your Company will only pay the proportional part owed up until the termination of the Agreement. Where such fees and expenses have been paid in advance, they will be reimbursed in proportion to the length of time covered by the fee or expense in question.

Appears in 3 contracts

Samples: Corporate Card Agreement, Corporate Card Agreement, Corporate Card Agreement

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Consequences of Any Termination. a. If this Agreement ends is terminated for any reason, you and/or Your Company your Com- pany (dependent depending on which the liability structure is chosen for the Account, see Section 12 the “Liability for ChargesTransactionsof this Agreementsection herein) must immediately pay all money you owe us immediatelyamounts owing to us, including any unbilled Charges Transactions that may not be shown appear on your last Statement Account Statement, and ensure the discontinuation of use of that you stop us- ing your Account. We will only close your Account when once you and/or Your your Company have paid off all amounts you owe owing to us. b. You and/or Your your Company (dependent depending on which the liability structure is chosen for the Account, see Section 12 the “Liability for ChargesTransactionsof this Agreement) clause herein), will continue to be responsible remain liable for all Charges Transactions made using your Account until you and/or Your and/ or your Company (as applicable) has have paid off all amounts you and/or Your your Company (as applicable) owe us and your Account is no longer usedin use. c. Concerning the commissions and expenses that are charged periodically under this Agreement, You and/or Your Company will only pay the a proportional part owed up of the fees and costs periodically charged for payment services, which are due until the termination of the AgreementAgreement ends. Where such Any fees and expenses have been costs paid in advance, they advance will be reimbursed xxxx- bursed in proportion to the length duration of time the period covered by the fee or expense cost in question.

Appears in 1 contract

Samples: Terms and Conditions

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