Common use of Payment Security Clause in Contracts

Payment Security. The Retailer may require that the Customer provide the Retailer with adequate security against the Customer’s future gas bills before connection to supply or continuation of supply. The payment security is applicable where the Customer is: a) new to a supply address and do not have a satisfactory established account payment record in the same name at another supply address; or b) new to a supply address and do not have an acceptable credit reference; or c) gas has been turned off in accordance with clause 10. The Customer may elect to provide the security as either: (i) A payment deduction authority for the Retailer to deduct payment for bills from a nominated credit card or bank account; or (ii) Refundable advance (refer clause 12); or (iii) Other payment arrangement agreed by the Retailer.

Payment Security. The Retailer may require that the Customer provide the Retailer with adequate security against the Customer’s Customer future gas bills before connection to supply or continuation of supply. The payment security is applicable where the Customer is: a) new to a supply address and do not have a satisfactory established account payment record in the same name at another supply address; or b) new to a supply address and do not have an acceptable credit reference; or c) gas has been turned off in accordance with clause 10. The Customer may elect to provide the security as either: (i) A payment deduction authority for the Retailer to deduct payment for bills from a nominated credit card or bank account; or (ii) Refundable advance (refer clause 12); or (iii) Other payment arrangement agreed by the Retailer.

Payment Security. The Retailer may require that the Customer provide the Retailer with adequate security against the Customer’s future gas bills before connection to supply or continuation of supply. The payment security is applicable where the Customer is: a) new to a supply address and do not have a satisfactory established account payment record in the same name at another supply address; or b) new to a supply address and do not have an acceptable credit reference; or c) gas has been turned off in accordance with clause 10Clause10. The Customer may elect to provide the security as either: (i) A payment deduction authority for the Retailer to deduct payment for bills from a nominated credit card or bank account; or (ii) Refundable advance (refer clause Clause 12); or (iii) Other payment arrangement agreed by the Retailer.