b) If the Board elects to repurchase the membership of a Member who has outstanding dues or charges, the Club shall have the right to offset such dues or charges against the amount to be paid to said Member. Upgrades / Downgrades in Membership Status a) Requests for upgrades in a Member's membership category, privileges or charges must be made in writing. The Manager or the Board shall have the absolute right to approve or disapprove such a request. Approval may be subject to conditions, including payment of applicable increases in Membership Initiation and dues and the availability of a Membership in the requested category. b) Members shall be permitted to downgrade their membership category upon written request to the Club. The Manager or the Board shall have the absolute right to approve or disapprove such a request. Approval may be subject to conditions, including the availability of a Membership in the requested category. Disputes With regard to any claim or dispute regarding the ownership of a membership, the Board shall be entitled to rely on the membership application and may confirm ownership of that membership in the name of the person listed as the Primary Member on the application. The Board will not become involved in any domestic or other dispute concerning ownership or issuance of a membership and shall not have any liability or responsibility for the resolution of such disputes. This Section 3.7 is expressly subject to the Member's obligation to defend, indemnify, and hold harmless as provided in Section 12.1 Article 4. Payment of Dues and Charges Statements and Payments Monthly statements are prepared on the last day of each month and normally mailed within five (5) to seven (7) working days thereafter. Payment is due and must be received (not merely postmarked) by the last business day of the month received. Payments made after the last day of the month will incur a late fee of $50.00 plus interest of 1.5% per month. Notwithstanding the foregoing, the Club may place any Member on a cash basis for any or all services otherwise provided for credit, at any time. Members may elect to have their dues and charges charged directly to a credit card. Management may, at its election, require all Members to keep an active major credit card number and billing information on file together with an authorization for Management to bill to such credit card for purposes of collection of delinquent amounts pursuant to the provisions of Section 4.2(b) below. A 2.47% surcharge will apply to all credit card use in the club. Past Due, Delinquency and Revocation a) 30-Days Past Due. If a Member's account becomes thirty (30) days past due, the Member will be notified by mail and/or telephone that his or her charging privilege are subject to suspension. b) 60-90 Days Past Due. Any Member whose account becomes sixty (60) days past due will be notified by certified mail and/or telephone that his or her membership privileges will be suspended if payment is not received within 10 days. The fact of this delinquency may be
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