Common use of WAIVER/LIABILITY Clause in Contracts

WAIVER/LIABILITY. 9.1 The Bank will notify the Company (and/or the Cardholder, as may be relevant) of all amounts shown on any Master Billing Statement/Cardholder’s billing statement which are not paid when due and the Company (and/or the Cardholder, as may be relevant) shall pay such charges by the next payment due date as stipulated in the Master Billing Statement or the Cardholder’s billing statement. Notwithstanding anything to the contrary, if the Liability Option selected is Sole Corporate Liability, the Company will pay or procure payment to the Bank of all such amounts as obligor to the Bank even if for any reason (including under any consumer protection legislation) the relevant Cardholder is not bound by a Cardmember’s Agreement or any term in the Cardmember’s Agreement is or may be unenforceable.