Common use of Open Accounts Clause in Contracts

Open Accounts. Privileges to charge purchases at the marina store may be granted upon approved credit, and secured by a personal credit card. Any charges not paid by the 20th day of the following month will be charged to the lessee’s personal credit card on file. Cards on file that are used to charge ship’s store charges and fuel that come back declined may result in an inability to keep a card on file and require Lessee to pay in full at the time of purchases for up to 12 months before authorization for a card on file may be granted again.

Open Accounts. Privileges to charge purchases at the marina Marina store may be granted upon approved credit, and secured by a personal credit card. Any charges not paid by the 20th day of the following month will be charged to the lessee’s personal credit card on file, which will be used at the time of purchase. Cards on file that are used to charge ship’s store charges and fuel that come back declined may result in an inability to keep utilize a card on file and require Lessee to pay in full at the time of purchases for up to 12 months before authorization for a card on file may be granted again.