Common use of Not Combined with Finance Office Billing Clause in Contracts

Not Combined with Finance Office Billing. If Individual Billing has been selected for a Customer Account, Royal Bank will provide (i) each Cardholder who has a Cardholder Account established under that Customer Account with an individual monthly Billing Statement for the Cardholder Account, (ii) each VPA Account Holder who has a VPA Account established under that Customer Account with an individual monthly Billing Statement for the VPA Account, and (iii) the Customer with a single and aggregated monthly Memo Statement for all Cardholder Accounts and VPA Accounts established under the Customer Account, collectively. The Customer who selects Individual Billing hereby consents to the receipt of the Memo Statement in this manner and acknowledges that it is its responsibility to retrieve the Memo Statement in RBC NextLogic and verify it on a monthly basis. The Customer must also instruct individual Cardholders and VPA Account Holders to retrieve the Billing Statement and verify it on a monthly basis.

Not Combined with Finance Office Billing. If Individual Corporate Billing has been selected for a Customer Account, Royal Bank will provide provide (i) the Customer with a single and aggregated monthly Billing Statement for all Cardholder Accounts and VPA Accounts established under that Customer Account, collectively, (ii) each Cardholder who has a Cardholder Account established under that Customer Account with an individual monthly Billing Memo Statement for the Cardholder Account, and (iiiii) each VPA Account Holder who has a VPA Account established under that Customer Account with an individual monthly Billing Memo Statement for the VPA Account, and (iii) the Customer with a single and aggregated monthly Memo Statement for all Cardholder Accounts and VPA Accounts established under the Customer Account, collectively. The Customer who selects Individual Corporate Billing hereby consents to the receipt of the Memo Billing Statement in this manner and acknowledges that it is its responsibility to retrieve the Memo Billing Statement in RBC NextLogic and verify it on a monthly basis. The Customer must also instruct individual Cardholders and VPA Account Holders to retrieve the Billing Memo Statement and verify it on a monthly basis.