Common use of Payments and Deposits Clause in Contracts

Payments and Deposits. 10.2.1 You can pay the full outstanding amount on the Credit Facility on or before the due date shown on the monthly account statement. Alternatively, you may defer payment of the full amount outstanding over an extended period, but you must pay at least the minimum monthly amount by the due date shown on the monthly account statement. 10.2.2 You must expressly instruct us if payments made into your straight facility are intended to be allocated to the budget facility. 10.2.3 Your payment or deposit may not reach us on the same day as you make it, due to possible delays and the time it takes to be processed. We consider your payment or deposit to have gone through only once the funds are reflecting as a credit on your Credit Card Account and/ or Credit Facility, as evidenced by our systems. 10.2.4 If a cheque is deposited into your Credit Card Account and/or Credit Facility, the proceeds of the cheque will only be available as cash when the drawer’s bank has honoured the cheque irrespective of the cheque clearance period. If the cheque proceeds are made available on your Credit Card Account and/or Credit Facility prior to the cheque being honoured, we are entitled to debit your Credit Card Account and/or Credit Facility with the amount of the cheque proceeds and any associated interest if the cheque is subsequently dishonoured by the drawer’s bank for whatever reason. 10.2.5 You may cancel or settle your Credit Facility at any time, by paying the amount you owe there under, with or without giving advance notice to us. You are obliged to ensure payment of (a) the unpaid balance of your Credit Facility; (b) the unpaid interest charges; and (c) all other fees and charges that may be due. 10.2.6 All payments we receive on the Credit Facility will be credited as applicable, first to interest, then to charges and fees, and lastly to the outstanding credit limit due and payable transaction amounts. 10.2.7 Should your Credit Facility be in arrears for thirty (30) days or more, you are not allowed to transact on your Credit Facility. You may still transact on the Credit Card Account.

Payments and Deposits. 10.2.1 You can pay the full outstanding amount on the Credit Facility on or before the due date shown on the monthly account statement. Alternatively, you may defer payment of the full amount outstanding over an extended period, but you must pay at least the minimum monthly amount by the due date shown on the monthly account statement. 10.2.2 A credit voucher will not be considered as a payment towards your outstanding amount on the Credit Card Account and/or Credit Facility. A credit voucher is a transaction record evidencing a refund or price adjustment by a merchant to be credited to your Credit Card Account and/ or Credit Facility. 10.2.3 You must expressly instruct us if payments made into your straight facility are intended to be allocated to the budget facility. 10.2.3 10.2.4 Your payment or deposit may not reach us on the same day as you make it, due to possible delays and the time it takes to be processed. We consider your payment or deposit to have gone through only once the funds are reflecting as a credit on your Credit Card Account and/ or Credit Facility, as evidenced by our systems. Delays may occur for internal and external transfers or deposits. 10.2.4 10.2.5 If a cheque is deposited into your Credit Card Account and/or Credit Facility, the proceeds of the cheque will only be available as cash when the drawer’s bank has honoured the cheque irrespective of the cheque clearance period. If the cheque proceeds are made available on your Credit Card Account and/or Credit Facility prior to the cheque being honoured, we are entitled to debit your Credit Card Account and/or Credit Facility with the amount of the cheque proceeds and any associated interest if the cheque is subsequently dishonoured by the drawer’s bank for whatever reason. 10.2.5 10.2.6 You may cancel or settle your Credit Facility at any time, by paying the amount you owe there under, with or without giving advance notice to us. You are obliged to ensure payment of (a) the unpaid balance of your Credit Facility; (b) the unpaid interest charges; and (c) all other fees and charges that may be due. 10.2.6 10.2.7 All payments we receive on the Credit Facility will be credited as applicable, first to interest, then to charges and fees, and lastly to the outstanding credit limit due and payable transaction amounts. 10.2.7 10.2.8 Should your Credit Facility facility be in arrears for thirty (30) days or morearrears, your credit facility will be suspended and you are will not be allowed to transact on your Credit Facilityfacility. You may still transact on the Credit Card Account.

Payments and Deposits. 10.2.1 11.2.1 You can pay the full outstanding amount on the Credit Facility facility on or before the due date shown on the monthly account statement. Alternatively, you may defer payment of the full amount outstanding over an extended period, but you must pay at least the minimum monthly amount by the due date shown on the monthly account statement. 10.2.2 11.2.2 You must expressly instruct us if payments made into your straight facility are intended to be allocated to the budget facility. 10.2.3 11.2.3 Your payment or deposit may not reach us on the same day as you make it, due to possible delays and the time it takes to be processed. We consider your payment or deposit to have gone through only once we receive the funds at RMB Private Bank Credit Card’s Division in Johannesburg and the funds are reflecting as a credit on your Credit Card Account and/ or and/or Credit Facilityfacility, as evidenced by our systems. Please allow for this when making your payment. 10.2.4 11.2.4 If a payment is sent to us by post, we will only credit your Credit Card Account and/or Credit facility when we receive the funds at RMB Private Bank Credit Card’s Division in Johannesburg. The risk of the postal payment being intercepted lost or stolen while in transit to us remains your risk until the payment is received at RMB Private Bank Credit Card’s Division in Johannesburg. 11.2.5 If a cheque is deposited into your Credit Card Account and/or Credit Facilityfacility, the proceeds of the cheque will only be available as cash when the drawer’s bank has honoured the cheque irrespective of the cheque clearance period. If the cheque proceeds are made available on your Credit Card Account and/or Credit Facility facility prior to the cheque being honoured, we are entitled to debit your Credit Card Account and/or Credit Facility facility with the amount of the cheque proceeds and any associated interest if the cheque is subsequently dishonoured by the drawer’s bank for whatever reason. 10.2.5 11.2.6 You may cancel or settle your Credit Facility facility at any time, by paying the amount you owe there under, with or without giving advance notice to us. You are obliged to ensure payment of (a) the unpaid balance of your Credit Facilityfacility; (b) the unpaid interest charges; and (c) all other fees and charges that may be due. 10.2.6 11.2.7 All payments we receive on the Credit Facility facility will be credited as applicable, first to interest, then to expenses incurred by us in collecting any amount you owe us, then to charges and fees, and lastly to the outstanding credit limit due and payable transaction amounts. 10.2.7 11.2.8 Should your Credit Facility facility be in arrears for thirty 30 (30thirty) days or more, you are not allowed to transact on your Credit Facilityfacility. You may still transact on the Credit Card Account. 11.2.9 You must always use your account number as a reference when making a payment or deposit into your Credit Card Account and/or Credit facility. Your payment will be considered to be received as per clause 11.2.3 above.

Payments and Deposits. 10.2.1 You can pay the full outstanding amount on the Credit Facility on or before the due date shown on the monthly account statement. Alternatively, you may defer payment of the full amount outstanding over an extended period, but you must pay at least the minimum monthly amount by the due date shown on the monthly account statement. 10.2.2 You must expressly instruct us if payments made into your straight facility are intended to be allocated to the budget facility. 10.2.3 Your payment or deposit may not reach us on the same day as you make it, due to possible delays and the time it takes to be processed. We consider your payment or deposit to have gone through only once we receive the funds at kulula credit card’s division in Johannesburg and the funds are reflecting as a credit on your Credit Card Account and/ or and/or Credit Facility, as evidenced by our systems. Please allow for this when making your payment. 10.2.4 If a payment is sent to us by post, we will only credit your Credit Card Account and/or Credit Facility when we receive the funds at kulula credit card’s division in Johannesburg. The risk of the postal payment being intercepted lost or stolen while in transit to us remains your risk until the payment is received at kulula credit card’s division in Johannesburg. 10.2.5 If a cheque is deposited into your Credit Card Account and/or Credit Facility, the proceeds of the cheque will only be available as cash when the drawer’s bank has honoured the cheque irrespective of the cheque clearance period. If the cheque proceeds are made available on your Credit Card Account and/or Credit Facility prior to the cheque being honoured, we are entitled to debit your Credit Card Account and/or Credit Facility with the amount of the cheque proceeds and any associated interest if the cheque is subsequently dishonoured by the drawer’s bank for whatever reason. 10.2.5 10.2.6 You may cancel or settle your Credit Facility at any time, by paying the amount you owe there under, with or without giving advance notice to us. You are obliged to ensure payment of (a) the unpaid balance of your Credit Facility; (b) the unpaid interest charges; and (c) all other fees and charges that may be due. 10.2.6 10.2.7 All payments we receive on the Credit Facility will be credited as applicable, first to interest, then to expenses incurred by us in collecting any amount you owe us, then to charges and fees, and lastly to the outstanding credit limit due and payable transaction amounts. 10.2.7 10.2.8 Should your Credit Facility be in arrears for thirty 30 (30thirty) days or more, you are not allowed to transact on your Credit Facility. You may still transact on the Credit Card Account. 10.2.9 You must always use your account number as a reference when making a payment or deposit into your Credit Card Account and/or Credit Facility. Your payment will be considered to be received as per clause 10.2.3 above.

Payments and Deposits. 10.2.1 You can pay the 11.2.1 The full outstanding amount on your credit card facility is always due and payable at the Credit Facility on or before the payment due date shown on the monthly account statementdate. Alternatively, if applicable, you may defer payment of this right and pay the full amount outstanding balance over an extended period, but you must pay by paying at least the minimum monthly amount by the due date shown on the monthly account statement. 10.2.2 You must expressly instruct us if payments made into your straight facility are intended to be allocated to the budget facility. 10.2.3 Your payment or deposit 11.2.2 Payment may not reach us on the same day as you make itit is made, due to possible delays and the time it takes to be processed. We consider your the payment or deposit to have gone through only once we receive the funds, and they reflect on our systems at FNB Credit Card’s Division in Johannesburg and the funds are reflecting as a credit on your Credit Card Account and/ or Credit Facilitycredit card facility, as evidenced by our systems. The Business Client should allow for time delays when making payment. 10.2.4 11.2.3 All payments we receive will be credited as applicable, first to expenses incurred by us in collecting any amount owed, then to charges and fees, then to interest, and lastly to the transaction amount(s). 11.2.4 If a payment is sent to us by post, we will only be obliged to credit the Business Client control account when we receive the payment at FNB Credit Card’s Division in Johannesburg. The risk of the postal payment being intercepted, lost or stolen whilst in transit to us remains the risk of the Business Client or the cardholder (as applicable depending on the payer) until the payment is received at FNB’s Credit Card Division in Johannesburg. 11.2.5 If a cheque is deposited into your Credit Card Account and/or Credit Facilitythe Business Client control or the cardholder account, the proceeds of the cheque will only be available as cash cleared funds when the drawer’s drawer bank has honoured the cheque irrespective of the cheque clearance period. If the cheque proceeds are made available on your Credit Card Account and/or Credit Facility these accounts prior to the cheque being honoured, we are entitled to debit your Credit Card Account and/or Credit Facility the account with the amount of the cheque proceeds and any associated interest if the cheque is subsequently dishonoured by the drawer’s drawer bank for whatever reason. 10.2.5 You may cancel or settle your Credit Facility at any time, by paying the amount you owe there under, with or without giving advance notice to us. You are obliged to ensure payment of (a) the unpaid balance of your Credit Facility; (b) the unpaid interest charges; and (c) all other fees and charges that may be due. 10.2.6 All payments we receive on the Credit Facility will be credited as applicable, first to interest, then to charges and fees, and lastly to the outstanding credit limit due and payable transaction amounts. 10.2.7 11.2.6 Should your Credit Facility account be in arrears for thirty 30 (30thirty) days or more, you are not allowed to transact on your Credit Facilitycredit card facility. 11.2.7 You must always use the control account number as a reference when making payments into the credit card facility. You may still transact on the Credit Card Accountpayment will only be considered to be received as per clause 11.2.2 above.

Payments and Deposits. 10.2.1 You can pay the 11.2.1 The full outstanding amount on your credit card facility is always due and payable at the Credit Facility on or before the payment due date shown on the monthly account statementdate. Alternatively, if applicable, you may defer payment of this right and pay the full amount outstanding balance over an extended period, but you must pay by paying at least the minimum monthly amount by the due date shown on the monthly account statement. 10.2.2 You must expressly instruct us if payments made into your straight facility are intended to be allocated to the budget facility. 10.2.3 Your payment or deposit 11.2.2 Payment may not reach us on the same day as you make itit is made, due to possible delays and the time it takes to be processed. We consider your the payment or deposit to have gone through only once we receive the funds at FNB Credit Card’s Division in Johannesburg and the funds are reflecting as a credit on your Credit Card Account and/ or Credit Facilitycredit card facility, as evidenced by our systems. The Business client should allow for time delays when making payment. 10.2.4 11.2.3 All payments we receive will be credited as applicable, first to expenses incurred by us in collecting any amount owed, then to charges and fees, then to interest, and lastly to the transaction amount(s). 11.2.4 If a payment is sent to us by post, we will only be obliged to credit the Business client control account when we receive the funds at FNB Credit Card’s Division and they reflect on our systems in Johannesburg. The risk of the postal payment being intercepted, lost or stolen whilst in transit to us remains the risk of the Business client or the cardholder (as applicable depending on the payer) until the payment is received at FNB Credit Card’s Division in Johannesburg. 11.2.5 If a cheque is deposited into your Credit Card Account and/or Credit Facilitythe Business client control or the cardholder account, the proceeds of the cheque will only be available as cash cleared funds when the drawer’s drawer bank has honoured the cheque irrespective of the cheque clearance period. If the cheque proceeds are made available on your Credit Card Account and/or Credit Facility these accounts prior to the cheque being honoured, we are entitled to debit your Credit Card Account and/or Credit Facility the account with the amount of the cheque proceeds and any associated interest if the cheque is subsequently dishonoured by the drawer’s drawer bank for whatever reason. 10.2.5 You may cancel or settle your Credit Facility at any time, by paying the amount you owe there under, with or without giving advance notice to us. You are obliged to ensure payment of (a) the unpaid balance of your Credit Facility; (b) the unpaid interest charges; and (c) all other fees and charges that may be due. 10.2.6 All payments we receive on the Credit Facility will be credited as applicable, first to interest, then to charges and fees, and lastly to the outstanding credit limit due and payable transaction amounts. 10.2.7 11.2.6 Should your Credit Facility account be in arrears for thirty 30 (30thirty) days or more, you are not allowed to transact on your Credit Facilitycredit card facility. 11.2.7 You must always use the control account number as a reference when making payments into the credit card facility. You may still transact on the Credit Card Accountpayment will only be considered to be received as per clause 11.2.2 above.

Payments and Deposits. 10.2.1 You can pay the full outstanding amount on the Credit Facility on or before the due date shown on the monthly account statement. Alternatively, you may defer payment of the full amount outstanding over an extended period, but you must pay at least the minimum monthly amount by the due date shown on the monthly account statement. 10.2.2 You must expressly instruct us if payments made into your straight facility are intended to be allocated to the budget facility. 10.2.3 Your payment or deposit may not reach us on the same day as you make it, due to possible delays and the time it takes to be processed. We consider your payment or deposit to have gone through only once we receive the funds at kulula credit card’s division in Johannesburg and the funds are reflecting as a credit on your Credit Card Account and/ or and/or Credit Facility, as evidenced by our systems. Please allow for this when making your payment. 10.2.4 If a cheque payment is deposited into your Credit Card Account and/or Credit Facilitysent to us by post, the proceeds of the cheque we will only be available as cash when the drawer’s bank has honoured the cheque irrespective of the cheque clearance period. If the cheque proceeds are made available on credit your Credit Card Account and/or Credit Facility prior to when we receive the cheque being honoured, we are entitled to debit your Credit Card Account and/or Credit Facility with the amount funds at kulula credit card’s division in Johannesburg. The risk of the cheque proceeds and any associated interest if postal payment being intercepted lost or stolen while in transit to us remains your risk until the cheque payment is subsequently dishonoured by the drawerreceived at kulula credit card’s bank for whatever reasondivision in Johannesburg. 10.2.5 You may cancel or settle your Credit Facility at any time, by paying the amount you owe there under, with or without giving advance notice to us. You are obliged to ensure payment of (a) the unpaid balance of your Credit Facility; (b) the unpaid interest charges; and (c) all other fees and charges that may be due. 10.2.6 All payments we receive on the Credit Facility will be credited as applicable, first to interest, then to expenses incurred by us in collecting any amount you owe us, then to charges and fees, and lastly to the outstanding credit limit due and payable transaction amounts. 10.2.7 Should your Credit Facility be in arrears for thirty 30 (30thirty) days or more, you are not allowed to transact on your Credit Facility. You may still transact on the Credit Card Account. 10.2.8 You must always use your account number as a reference when making a payment or deposit into your Credit Card Account and/or Credit Facility. Your payment will be considered to be received as per clause 10.2.3 above.

Payments and Deposits. 10.2.1 11.2.1 You can pay the full outstanding amount on the Credit Facility facility on or before the due date shown on the monthly account statement. Alternatively, you may defer payment of the full amount outstanding over an extended period, but you must pay at least the minimum monthly amount by the due date shown on the monthly account statement. 10.2.2 11.2.2 You must expressly instruct us if payments made into your straight facility are intended to be allocated to the budget facility. 10.2.3 11.2.3 Your payment or deposit may not reach us on the same day as you make it, due to possible delays and the time it takes to be processed. We consider your payment or deposit to have gone through only once we receive the funds at RMB Private Bank Credit Card’s Division in Johannesburg and the funds are reflecting as a credit on your Credit Card Account and/ or and/or Credit Facilityfacility, as evidenced by our systems. Please allow for this when making your payment. 10.2.4 11.2.4 If a payment is sent to us by post, we will only credit your Credit Card Account and/or Credit facility when we receive the funds at RMB Private Bank Credit Card’s Division in Johannesburg. The risk of the postal payment being intercepted lost or stolen while in transit to us remains your risk until the payment is received at RMB Private Bank Credit Card’s Division in Johannesburg. 11.2.5 If a cheque is deposited into your Credit Card Account and/or Credit Facilityfacility, the proceeds of the cheque will only be available as cash when the drawer’s bank has honoured the cheque irrespective of the cheque clearance period. If the cheque proceeds are made available on your Credit Card Account and/or Credit Facility facility prior to the cheque being honoured, we are entitled to debit your Credit Card Account and/or Credit Facility facility with the amount of the cheque proceeds and any associated interest if the cheque is subsequently dishonoured by the drawer’s bank for whatever reason. 10.2.5 11.2.6 You may cancel or settle your Credit Facility facility at any time, by paying the amount you owe there under, with or without giving advance notice to us. You are obliged to ensure payment of (a) the unpaid balance of your Credit Facilityfacility; (b) the unpaid interest charges; and (c) all other fees and charges that may be due. 10.2.6 11.2.7 All payments we receive on the Credit Facility facility will be credited as applicable, first to interest, then to expenses incurred by us in collecting any amount you owe us, then to charges and fees, and lastly to the outstanding credit limit due and payable transaction amounts. 10.2.7 11.2.8 Should your Credit Facility facility be in arrears for thirty (30) days or more, you are not allowed to transact on your Credit Facilityfacility. You may still transact on the Credit Card Account. 11.2.9 You must always use your account number as a reference when making a payment or deposit into your Credit Card Account and/or Credit facility. Your payment will be considered to be received as per clause 11.2.3 above.