Common use of PAYEE DESIGNATION Clause in Contracts

PAYEE DESIGNATION. You can use the Bill Payment Service to make Payments to almost any Payee or Merchant that you wish, including individuals, local service providers, utilities, credit cards, to make mortgage and loan Payments, or charitable donations. The Bill Payment Service cannot be used to make Payments for the following: (i) Payees located outside the United States; (ii) tax or other Payments to the Internal Revenue Service or any state, local or other governmental agency; (iii) court-ordered Payments (e.g., child support or alimony); or (iv) in connection with any unlawful activity or purpose (e.g., gambling). Notwithstanding the foregoing, if you use the Bill Payment Service to make governmental, court-ordered or certain other Payments, we shall not be responsible for any penalties, interest, late fees or other similar amounts you may be assessed as a result of delays in the delivery, or the non-delivery of the Payment, or the delayed or improper crediting of the Payment. We reserve the right to refuse to make a Payment to a particular Payee or categories of Payees through the Bill Payment Service. You agree to indemnify, defend, and hold us harmless for any loss, damage, or expense (including reasonable attorney fees) arising from or related to your impermissible use of the Bill Payment Service. By furnishing us with the names of your Payees and their addresses, you give us authorization to follow the Payment instructions which you provide. When we receive a Payment instruction for the current date or a future date, we will remit the funds to the Payee on your behalf from the funds in your designated Account, on the date you have instructed them to be sent (“Payment Date”). We are not obligated to pay funds from your Account if the Available Funds are insufficient to cover the Payment. You may incur additional fee(s) (overdraft or other NSF fees) associated with a requested Payment when the funds in your designated Account are not available. We are not responsible if a Payment cannot be made due to incomplete, incorrect or outdated information provided by you regarding a Payee, or if you attempt to pay a Payee that is not on our Payee list.

Appears in 1 contract

Sources: Premier Business Connect Access and User Agreement

PAYEE DESIGNATION. You can use the Bill Payment Service to make Payments to almost any Payee or Merchant that you wish, including individuals, local service providers, utilities, credit cards, to make mortgage and loan Payments, or charitable donations. The Bill Payment Service cannot be used to make Payments for the following: (i) Payees located outside the United States; (ii) tax or other Payments to the Internal Revenue Service or any state, local or other governmental agency; (iii) court-court- ordered Payments (e.g., child support or alimony); or (iv) in connection with any unlawful activity or purpose (e.g., gambling). Notwithstanding the foregoing, if you use the Bill Payment Service to make governmental, court-ordered or certain other Payments, we shall not be responsible for any penalties, interest, late fees or other similar amounts you may be assessed as a result of delays in the delivery, or the non-delivery of the Payment, or the delayed or improper crediting of the Payment. We reserve the right to refuse to make a Payment to a particular Payee or categories of Payees through the Bill Payment Service. You agree to indemnify, defend, and hold us harmless for any loss, damage, or expense (including reasonable attorney fees) arising from or related to your impermissible use of the Bill Payment Service. By furnishing us with the names of your Payees and their addresses, you give us authorization to follow the Payment instructions which you provide. When we receive a Payment instruction for the current date or a future date, we will remit the funds to the Payee on your behalf from the funds in your designated Account, on the date you have instructed them to be sent (“Payment Date”). We are not obligated to pay funds from your Account if the Available Funds are insufficient to cover the Payment. You may incur additional fee(s) (overdraft or other NSF fees) associated with a requested Payment when the funds in your designated Account are not available. We are not responsible if a Payment cannot be made due to incomplete, incorrect or outdated information provided by you regarding a Payee, or if you attempt to pay a Payee that is not on our Payee list.

Appears in 1 contract

Sources: Business Online User and Access Agreement