ACH REPRESENTATIONS AND WARRANTIES. In addition to all other representations and warranties of Merchant set forth in this Agreement, for each Entry submitted by, on behalf of, or through Merchant to Vantage, Merchant represents and warrants at the time of submission of each Entry: (a) Merchant has obtained the written authorization of each individual or entity whose account is debited or credited by an Entry prior to originating such entry; (b) the obtained authorization is in effect at the time the Entry was submitted; (c) the obtained authorization will remain in effect until such Entry is processed; (d) the obtained authorization is for the date and dollar amount set forth in the Entry; (e) such Entry is authentic, accurate, and conforms to all NACHA Rules; (f) such Entry complies with all Policies and Laws; (g) each debit in an Entry is for an amount due and owing to Merchant on the date specified in the Entry for posting to the counter-party’s account; and (h) Merchant has not used any third party other than Vantage and/or any Vantage approved third party software solution to assist with the origination of any Entry pursuant to this Agreement.
Appears in 3 contracts
Samples: Sub Merchant Agreement, Sub Merchant Agreement, Sub Merchant Agreement
ACH REPRESENTATIONS AND WARRANTIES. In addition to all other representations and warranties of Merchant set forth in this Agreement, for each Entry submitted by, on behalf of, or through Merchant to Vantage, Merchant represents and warrants at the time of submission of each Entry: :
(a) Merchant has obtained the written authorization of each individual or entity whose account is debited or credited by an Entry prior to originating such entry; (b) the obtained authorization is in effect at the time the Entry was submitted; (c) the obtained authorization will remain in effect until such Entry is processed; (d) the obtained authorization is for the date and dollar amount set forth in the Entry; ;
(e) such Entry is authentic, accurate, and conforms to all NACHA Rules; (f) such Entry complies with all Policies and Laws; (g) each debit in an Entry is for an amount due and owing to Merchant on the date specified in the Entry for posting to the counter-party’s account; and (h) Merchant has not used any third party other than Vantage and/or any Vantage approved third party software solution to assist with the origination of any Entry pursuant to this Agreement.
Appears in 1 contract
Samples: Sub Merchant Agreement