Common use of Irregular Payments Clause in Contracts

Irregular Payments. If the Cardholder or any other person or entity, including without limitation, a Cardholder on a joint Account or an Authorized User, marks a check, money order, or other instrument given for payment on the Account “Paid in Full” or with a similar phrase, the Bank shall have the right to accept the payment, disregard the markings and the Cardholder shall remain obligated to pay in full any remaining amounts owed to the Bank on the Account. The Bank has the right to accept late payments or partial payments without losing any of its rights under this Agreement.

Irregular Payments. If the Cardholder or any other person or entity, including without limitation, a Cardholder on a joint Account or an Authorized User, marks a check, money order, or other instrument given for payment on the Account “Paid in Full” or with a similar phrase, the Bank shall have the right to accept the payment, disregard the markings and the Cardholder shall remain obligated to pay in full any remaining amounts owed to the Bank on the Account. The Bank has the right to accept late payments or partial payments without losing any of its rights under this Agreement.