Common use of Unused Credits Clause in Contracts

Unused Credits. As customers are invoiced each month, current month Credits are first applied and then, if applicable, Unused Credits are drawn from the customer’s bank. In applying banked Unused Credits to a Customer account, the oldest Unused Credits will always be drawn from the account bank first. Unused Credits expire on a rolling 12-month basis. Accordingly, any Unused Credits that remain in the Customer account bank will be eliminated after the twelfth month and will not be applied against customer invoices. The Customer will receive no compensation for these eliminated Unused Credits.

Unused Credits. As customers are invoiced each month, current month Credits are first applied and then, if applicable, banked Unused Credits are drawn from the customer’s bank. In applying banked Unused Credits to a Customer account, the oldest Unused Credits will always be drawn from the account bank first. Unused Credits expire on a rolling 12-month basis. Accordingly, any Unused Credits that remain in the Customer account bank will be eliminated after the twelfth month and will not be applied against customer invoices. The Customer will receive no compensation for these eliminated Unused Credits.

Unused Credits. As customers are invoiced each month, current month Credits are first applied and then, if applicable, banked Unused Credits are drawn from the customer’s bank. In applying banked Unused Credits to a Customer customer account, the oldest Unused Credits will always be drawn from the account bank first. Unused Credits expire on a rolling 12-month basis. Accordingly, any Unused Credits that remain in the Customer customer account bank will be eliminated after the twelfth month and will not be applied against customer invoices. The Customer customer will receive no compensation for these eliminated Unused Credits.

Unused Credits. As customers Shared Financial Interest Customers are invoiced each month, current month Credits are first applied and then, if applicable, banked Unused Credits are drawn from the customer’s bank. In applying banked Unused Credits to a Customer customer account, the oldest Unused Credits will always be drawn from the account bank first. Unused Credits expire on a rolling 12-month basis. Accordingly, any Unused Credits that remain in the Customer customer account bank will be eliminated after the twelfth month and will not be applied against customer invoices. The Customer customer will receive no compensation for these eliminated Unused Credits.