Common use of Provisions Governing Automatic Payment of E.SUN Credit Card Charges Clause in Contracts

Provisions Governing Automatic Payment of E.SUN Credit Card Charges. In order to facilitate payment of X.XXX credit card charges, the Signatory authorizes the Bank to transfer funds from a designated account to pay the charges and agrees to the following provisions: Article 1 If funds in the designated account are insufficient and additional funds are not deposited in a timely manner, which results in failure to make a timely payment, the Bank does not have the obligation to notify the Principal or pay the charges then and be reimbursed later. The penalty, interest, and other expenses incurred as a result shall be paid by the Principal. Article 2 If the Principal uses his/her account pledged loans or overdraft quota due to making the automatic payment arrangement, the interest or other expenses incurred as a result shall be paid by the Principal. Article 3 The Principal agrees to ensure that the Bank shall not sustain any expense or loss as a result of being his/her Payer. If the Bank sustains any loss, the Principal shall immediately reimburse the Bank. Article 4 If the Principal wants to change the deduction account number, amount, or terminate the arrangement, he/she shall submit an application to the Bank's credit card department. Article 5 If all the cards held by the primary cardholder and the supplementary cardholder have been terminated and all the charges paid, the automatic payment arrangement shall become invalid.

Provisions Governing Automatic Payment of E.SUN Credit Card Charges. In order to facilitate payment of X.XXX E.XXX credit card charges, the Signatory authorizes the Bank to transfer funds from a designated account to pay the charges and agrees to the following provisions: Article 1 If funds in the designated account are insufficient and additional funds are not deposited in a timely manner, which results in failure to make a timely payment, the Bank does not have the obligation to notify the Principal or pay the charges then and be reimbursed later. The penalty, interest, and other expenses incurred as a result shall be paid by the Principal. Article 2 If the Principal uses his/her account pledged loans or overdraft quota due to making the automatic payment arrangement, the interest or other expenses incurred as a result shall be paid by the Principal. Article 3 The Principal agrees to ensure that the Bank shall not sustain any expense or loss as a result of being his/her Payer. If the Bank Ban k sustains any loss, the Principal shall immediately reimburse the Bank. Article 4 If the Principal wants to change the deduction account number, amount, or terminate the arrangement, he/she shall submit an application to the Bank's credit card department. Article 5 If all the cards held by the primary cardholder and the supplementary cardholder have been terminated and all the charges paid, the automatic payment arrangement shall become invalid.