Common use of No interest Paid on Funds Clause in Contracts

No interest Paid on Funds. You acknowledge and agree that funds transferred ------------------------- to you through the Service will be held in a trust account (which will not accrue or pay interest for your benefit) at the Bank for your benefit until used or accessed by you through your use of the Card and that no interest will be paid on you on such funds. To the extent interest may accrue, if any, you understand that Comdata or its designee shall be entitle to receive and keep any such amounts to cover costs associated with the Service.

Appears in 3 contracts

Samples: Comdata Payment Services (Pinnacle Business Management Inc), Pinnacle Business Management Inc, Pinnacle Business Management Inc

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No interest Paid on Funds. You acknowledge and agree that funds transferred ------------------------- -------------------------- to you through the Service will be held in a trust account (which will not accrue or pay interest for your benefit) at the Bank for your benefit until used or accessed by you through your use of the Card and that no interest will be paid on you on such funds. To the extent interest may accrue, if any, you understand that Comdata or its designee shall be entitle to receive and keep any such amounts to cover costs associated with the Service.

Appears in 1 contract

Samples: Comdata Payment Services (Pinnacle Business Management Inc /Nv/)

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