Common use of Forfeiture of Payment Clause in Contracts

Forfeiture of Payment. To ensure proper payment, Company is solely responsible for providing and maintaining accurate contact and payment information associated with Company’s account. Failure to comply shall result in delay or forfeiture of Company’s due payment, as follows: Company shall forfeit payment after three consecutive unsuccessful payment attempts to Company’s given bank account.

Forfeiture of Payment. To ensure proper payment, Company is solely responsible for providing and maintaining accurate contact and payment information associated with Company’s account. Failure to comply shall result in delay or forfeiture of Company’s due payment, as follows: Company shall forfeit payment after three consecutive unsuccessful payment attempts to Company’s given bank account.forfeit