Common use of Balance Reporting Clause in Contracts

Balance Reporting. The Settlement Bank shall make available to eSett information about the balance and transactions on the Pledged Cash Accounts in the form and according to the procedures and schedule described in Appendix 1 and also at any time reasonably requested by eSett. This information may be retrieved from the Settlement Bank by eSett or by eSett’s Bank.

Balance Reporting. The Settlement Bank shall make available to eSett information about the balance and transactions on the Pledged Cash Accounts and also on the Cash Collateral Accounts (as defined below) in the form and according to the procedures and schedule described in Appendix 1 and also at any time reasonably requested by eSett. This information may be retrieved from the Settlement Bank by eSett or by eSett’s Bank.