Common use of Overdraft Clause in Contracts

Overdraft. In the event that User’s sales Card Transactions after chargebacks, refunds, fees, and settlement payments for any given fiscal day are less than zero ($0), User will be responsible for overdraft fees as set forth on the attached fee schedules or User Application. Autobooks and Bank may reject any Card Transaction, refund, or chargeback that will cause an overdraft. In addition, Autobooks reserves the right to: (a) require User to make a wire transfer to Autobooks within one (1) business day of notice; (b) collect under any guaranty;