Common use of Collection Items Clause in Contracts

Collection Items. 14.1 RHB Bank shall use its best endeavours to collect on behalf of the Merchant the amount due on any Charges which have not complied with the conditions and procedures stated in this Agreement but RHB Bank shall be entitled to impose a collection fee for each Charges successfully collected. The collection fee shall vary according to the transaction amount recorded on the Charges or EDC Slip or the Sales Draft or the Mail Order or Telephone Order form or the Merchant Report. RHB Bank shall not be obliged to pay the Merchant the amount of any Charges whether the Charges or EDC Slip or Sales Draft, Mail Order or Telephone Order forms or the Merchant Report and/or all the other relevant documents including but is not limited to the Credit Voucher presented on collection basis unless and until the said amount has been received by RHB Bank. The Merchant hereby agrees that RHB Bank shall be entitled to deduct the Merchant Discount and the collection fee from such sums received by RHB Bank before remitting the