Common use of Insufficient Funds; Failed Payments Clause in Contracts

Insufficient Funds; Failed Payments. If there are insufficient funds in your Payment Account to complete a Payment transaction you have initiated, we may either refuse to process the transaction or complete the transaction, with or without overdrawing the Payment Account, in our sole and absolute discretion. Subject to the requirements of applicable law, you are responsible for the amount of any Payment transaction we complete on your behalf, as well as applicable fees and charges, whether or not your Payment Account becomes overdrawn. Our election to execute any Payment transaction if or when you have insufficient funds in your Payment Account to cover such transaction in no way obligates us to execute any other Payment transaction if or when you have insufficient funds. You further agree that:

Appears in 5 contracts

Samples: Agreement and Disclosure Statement, Agreement and Disclosure Statement, Agreement and Disclosure Statement

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