Common use of Refunds and Chargebacks Clause in Contracts

Refunds and Chargebacks. If any payment of Membership Fees is refunded or overturned due to (a) Member cancellation, (b) a credit card dispute or “chargeback”, or (c) a check returned for insufficient funds, Membersy (x) shall cancel the associated Plan membership; (y) shall not pay Membership Fees to Client with respect to such membership; and (z) shall offset Membership Fees, if any, that have already been paid to Client with respect to such membership against future payments of Membership Fees otherwise payable by Membersy to Client. In the case of chargebacks and returned checks, Membersy shall offset any associated fees, penalties or surcharges paid or payable by Membersy against future payments of Membership Fees to Client.