Credit Balance Clause Samples
The Credit Balance clause defines how any positive balance or surplus owed to a party, typically a customer or client, is handled under the agreement. In practice, this clause outlines the procedures for applying, refunding, or carrying forward excess payments, such as when a customer overpays an invoice or has a remaining balance after services are rendered. Its core function is to ensure transparency and fairness in financial transactions by clarifying the treatment of overpayments and preventing disputes regarding unused or excess funds.
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Credit Balance. We will make a good faith effort to return to you any credit balance that has been on your Account longer than six consecutive Billing Cycles (or, at our discretion, for a shorter time period). You may also request a refund of a credit balance on your Account at any time. We may reduce the amount of any credit balance on your Account by applying the credit balance towards new fees and charges posted to your Account. We do not pay any interest on credit balances.
Credit Balance. If any credit balance arises on the Account (for example, as a result of a refund), we will hold the credit balance on trust for your benefit and separately from our own money. We will pay any credit balance to you promptly, if you ask or if this Agreement ends, after deducting any amounts likely to be payable by you under this Agreement.
Credit Balance. 6.1 No interest will accrue on any balance standing credit to your Card Account.
6.2 You may request to withdraw any credit balance in your Card Account in writing and such credit balance will be refunded to you within 7 working days from the date we have received your written request.
6.3 If a credit balance remains after the Card and Card Account are terminated, you shall promptly arrange to collect this balance (subject to clause 6.2 above) within one month from the termination date. If you fail to collect such credit balance, we may forfeit your entitlement to such balance or release such balance to any person who can show a good claim.
Credit Balance. We will make a good faith effort to return to you any credit balance that has been on your Credit Card Account longer than six consecutive Billing Cycles (or, in our discretion, for a shorter time period). You may also request a refund of a credit balance on your Credit Card Account at any time by sending your request to Customer Service at P.O. Box 84037, Columbus, GA 31908-4037, by first class mail, postage prepaid. We may reduce the amount of any credit balance on your Credit Card Account by applying the credit balance towards new fees and charges posted to your Credit Card Account. We do not pay any interest on credit balances.
Credit Balance any surplus of funds remaining on the account of an eligible customer at the conclusion of the appropriate program period defined in the agreement which was created as the result of the LIHEAP payment to the Supplier.
Credit Balance. We will make a good faith effort to return to you any credit balance that has been on your Account longer than six consecutive Billing Cycles (or, in our discretion, for a shorter time period). You may also request a refund of a credit balance on your Account at any time by calling Customer Service at 1-877-GO-TD1ST (▇-▇▇▇-▇▇▇-▇▇▇▇) if you have a First Class Visa Signature Card or ▇-▇▇▇-▇▇▇-▇▇▇▇ for all other cards. We may reduce the amount of any credit balance on your Account by applying the credit balance towards new fees and charges posted to your Account. We do not pay any interest on credit balances.
Credit Balance. Any credit issued, or credit balance, will be applied within one (1) year of its issuance. Credits can be applied against merchandise purchases only, no cash refunds. If not applied within one (1) year, the credit balance remaining shall be cancelled, and Seller shall have no further liability.
Credit Balance. We will make a good faith effort to return to you any credit balance that has been on your Account longer than six months (or, in our discretion, for a shorter time period). You may also request a refund of a credit balance on your Account at any time by calling Customer Service at ▇-▇▇▇-▇▇▇-▇▇▇▇. We may reduce the amount of any credit balance on your Account by applying the credit balance towards new fees and charges posted to your Account. We do not pay any interest on credit balances.
Credit Balance. Any credit issued, or credit balance, will be applied within one (1) year of its issuance. Credits can be applied against merchandise purchases only, no cash refunds. If not applied within one (1) year, the credit balance remaining shall be cancelled, and RPM shall have no further liability.
Credit Balance. Credit balance in the Bursar’s account shall not be paid to the Bursar but will be administered by the Institution.