Common use of Liability for Payment Clause in Contracts

Liability for Payment. 1. All Charges incurred under this Agreement shall be paid in full by the Due Date. Notwithstanding anything set out herein, the Cardmember’s liability for all Charges incurred under this Agreement is as set out in the table below. Program Liability Individual Liability Cardmember is liable to pay Amex for All Charges on a Individual Liability basis with the Company. 2. The Due Date referred to in the preceding paragraph may be extended to the banks next business day if the bank at which the Cardmember makes the payment does not operate on the Due Date. 3. Cardmember shall make payment in accordance with Paragraph 1 above. Amex shall apply such payment first to the fees of the current billing cycle, unpaid balance from the previous billing cycle, and the newly incurred principal from the current billing cycle. 4. If Cardmember has paid an amount in excess of the Charge, Amex shall process the excess amount in accordance with the Cardmember’s instructions or in such manner mutually agreed upon by Amex and Cardmember. Amex may temporarily retain any surplus without interest prior to Cardmember’s application for its refund. If the Cardmember does not provide any other special instructions, the excess payment will be used to offset subsequent Charges incurred by the Cardmember and payable to Amex. If the Cardmember does not renew Corporate Card upon its expiration and there is credit in the account, Amex shall remindtheCardmemberwithconspicuous wording on the monthly statement of account or automatically contact Cardmembertoseekfurther instructions. 5. If the Cardmember does not renew Corporate Card upon its expiration and there is credit in the account, Amex shall remind the Cardmember with conspicuous wording on the monthly Statement of Account or automatically contact Cardmember to seek further instructions.

Liability for Payment. 1. All Charges incurred under this Agreement shall be paid in full by the Due Date. Notwithstanding anything set out herein, the Cardmember’s liability for all Charges incurred under this Agreement is as set out in the table below. Program Liability Individual Limited Liability Cardmember The Company is liable to pay Amex for All Charges on a Individual Limited Liability basis with the CompanyCardmember. 2. The Due Date referred to in the preceding paragraph may be extended to the banks next business day if the bank at which the Cardmember makes the payment does not operate on the Due Date. 3. Cardmember shall make payment in accordance with Paragraph 1 above. Amex shall apply such payment first to the fees of the current billing cycle, unpaid balance from the previous billing cycle, and the newly incurred principal from the current billing cycle. 4. If Cardmember has paid an amount in excess of the Charge, Amex shall process the excess amount in accordance with the Cardmember’s instructions or in such manner mutually agreed upon by Amex and Cardmember. Amex may temporarily retain any surplus without interest prior to Cardmember’s application for its refund. If the Cardmember does not provide any other special instructions, the excess payment will be used to offset subsequent Charges incurred by the Cardmember and payable to Amex. If the Cardmember does not renew Corporate Card upon its expiration and there is credit in the account, Amex shall remindtheCardmemberwithconspicuous wording on the monthly statement of account or automatically contact Cardmembertoseekfurther instructions. 5. If the Cardmember does not renew Corporate Card upon its expiration and there is credit in the account, Amex shall remind the Cardmember with conspicuous wording on the monthly Statement of Account or automatically contact Cardmember to seek further instructions.