Common use of Reversal of Entries Clause in Contracts

Reversal of Entries. If any payment has been made by us as a result of your use or purported use of Electronic Services: (a) and the Account was consequently debited, but the debit was reversed in error or the Account was not debited at all; or (b) after any payment instruction was given on the Account but before such payment instruction has been honoured, then we shall be entitled to correct the Account by (i) debiting the Account with the amount paid by us; or (ii) by dishonouring or returning cheques or other instruments and reversing the payment instruction, if there are insufficient funds available in the Account, as the case may be.