Common use of Service Guarantee Clause in Contracts

Service Guarantee. In the event a payment is delayed for reasons other than those described in the “Liability Limits” paragraph above, we will reimburse you for up to $50 of any fees or charges imposed by the Xxxxxx as a result of the late payment (the “Service Guarantee”). The Service Guarantee does not apply with respect to Exception Payments, and it is conditioned on you scheduling the payment such that it should have been delivered to the Xxxxxx timely (i.e., taking into account the due date for your bill and the fact that payments are only processed on Business Days).

Appears in 2 contracts

Samples: Digital Banking Services Agreement, Onpointe Essentialstm Services Agreement

AutoNDA by SimpleDocs

Service Guarantee. In the event a payment is delayed for reasons other than those described in the “Liability Limits” paragraph above, we Bank will reimburse you Client for up to $50 of any fees or charges imposed by the Xxxxxx as a result of the late payment (the “Service Guarantee”). The Service Guarantee does not apply with respect to Exception Payments, and it is conditioned on you Client scheduling the payment such that it should have been delivered to the Xxxxxx timely (i.e., taking into account the due date for your the bill and the fact that payments are only processed on Business Days).

Appears in 2 contracts

Samples: Treasury Management Services Agreement, Treasury Management Services Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.