Automated Clearinghouse for Expected Daily Remittance. The Merchant hereby authorizes Purchaser and its agents to initiate Automated Clearinghouse (“ACH”) payments equal to the Expected Daily Remittance of all deposits made into the Account each business day until the Purchaser has received Future Receivables equal to the Amount Sold.
Appears in 5 contracts
Samples: Future Receivables Sale Agreement (DPW Holdings, Inc.), Future Receivables Sale Agreement (DPW Holdings, Inc.), Future Receivables Sale Agreement (DPW Holdings, Inc.)
