Common use of Member Repayment Responsibility Clause in Contracts

Member Repayment Responsibility. You agree your overdraft balance, including applicable overdraft fees, is due and payable upon demand. If there is more than one owner on an account, all owners are jointly and severally liable for repayment of the overdraft balance. If you fail to repay your overdraft balance within 20 days of notice from us, we may immediately suspend the Courtesy Pay service. Accounts may be closed for failure to repay overdraft balances and we will report account closures to consumer reporting agencies.

Appears in 1 contract

Samples: Business Membership Account Agreement

AutoNDA by SimpleDocs

Member Repayment Responsibility. You agree your overdraft balance, including applicable overdraft fees, is due and payable upon demand. If there is more than one owner on an account, all owners are jointly and severally liable for repayment of the overdraft balance. If you fail to repay your overdraft balance within 20 15 days of notice from us, we may immediately suspend the Courtesy Pay overdraft service. Accounts may be closed for failure to repay overdraft balances and we will report account closures to consumer reporting agencies.

Appears in 1 contract

Samples: Membership and Account Agreement

Member Repayment Responsibility. You agree that your overdraft balance, including applicable overdraft fees, is due and payable upon demand. If there is more than one owner on an account, all owners are jointly and severally liable for repayment of the overdraft balance. If you fail to repay your overdraft balance within 20 days of notice from usbalance, we may immediately suspend the Courtesy Pay overdraft service. Accounts may will be closed for failure to repay overdraft balances balances, and we will report account closures to consumer credit reporting agencies.

Appears in 1 contract

Samples: Business Membership & Account Agreement

Member Repayment Responsibility. You agree that your overdraft balance, including applicable overdraft fees, is due and payable upon demand. If there is more than one owner on an account, all owners are jointly and severally liable for repayment of the overdraft balance. If you fail to repay your overdraft balance within 20 days of notice from us, we may immediately suspend the Courtesy Pay service. Accounts may be closed for failure to repay overdraft balances and we will be subject to collection and any other legal remedy. We will report account closures to consumer and/or credit reporting agencies.

Appears in 1 contract

Samples: Business Membership & Account Agreement

AutoNDA by SimpleDocs

Member Repayment Responsibility. You agree that your overdraft balance, including applicable overdraft fees, is due and payable upon demand. If there is more than one owner on an account, all owners are jointly and severally liable for repayment of the overdraft balance. If you fail to repay your overdraft balance within 20 days of notice from us, we may immediately suspend the Courtesy Pay service. Accounts may be closed for failure to repay overdraft balances and we will be subject to collection and any other legal remedy. We will report account closures to consumer and/ or credit reporting agencies.

Appears in 1 contract

Samples: Membership & Account Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!