Common use of Statements of Account Clause in Contracts

Statements of Account. 5.1 Sending periodic statement of account 5.2 Sending master billing statement of account (a) We will send the business member a master billing statement of account on a monthly or other periodic basis as we deem fit. (b) If we are unable to send the business member a master billing statement of account for any reason, we may select a date in each month or other period or any other date as we may deem appropriate as the payment due date for the purpose of calculating interest and establishing the date when payment is due.

Statements of Account. 5.1 Sending periodic statement of account 5.2 Sending master billing statement of account (a) We will send the business member a master billing statement of account on a monthly or other periodic basis as we deem fitfit. (b) If we are unable to send the business member a master billing statement of account for any reason, we may select a date in each month or other period or any other date as we may deem appropriate as the payment due date for the purpose of calculating interest and establishing the date when payment is due.