Common use of Changes in Financial Circumstances Clause in Contracts

Changes in Financial Circumstances. I understand and agree that I must inform ECU immediately of a material change in my financial circumstances or in any of the information provided in my Application, including any supporting financial information. If I am using the Service to deposit items into an account in the name of a Business to which I am a party, this includes, but is not limited to, notification of the following: (a) significant changes in transaction volumes at my business; (b) any change in a representation or statement made or furnished to ECU by me or on my behalf in my Application; (c) any material change in my ownership or organizational structure (acknowledging that any change in ownership will be deemed material when ownership is closely held); (d) I liquidate or dissolve, or enter into any consolidation merger, partnership, or joint venture; (e) I sell any assets except in the ordinary course of my business as now conducted, or sell, lease, assign or transfer any substantial part of my business or fixed assets or any property or other assets necessary for the continuance of my business as now conducted including, without limitation, the selling of any property or other assets accompanied by the leasing back of the same; (f) I cease doing business, become insolvent, a receiver is appointed for all or any part of my property, I make an assignment for the benefit of creditors, or any proceeding is commenced either by me or against me under any bankruptcy or insolvency laws or any other law or laws relating to debtors; (g) any guaranty of my indebtedness to ECU, whether related or unrelated to the Account or the Services, ceases to be in full force and effect or is declared to be null and void; or the validity or enforceability thereof is contested in a judicial proceeding; or any guarantor denies that it has any further liability under such guaranty; or any guarantor defaults in any provision of any guaranty, or any financial information provided by any guarantor is false or misleading); (h) I or any guarantor dies; if I am a sole proprietorship, the owner dies; if I am a partnership, any general or managing partner dies; if I am a corporation, any principal officer or 10.00% or greater shareholder dies; if I am a limited liability company, any managing member dies; if I am any other form of business entity, any person(s) directly or indirectly controlling ten percent (10.00%) or more of the ownership interests of such entity dies; (i) any creditor tries to take any of my property on or in which ECU has a lien or security interest, including a garnishment of any of my accounts with ECU; (j) a judgment or judgments is entered against me or any guarantor(s) in the aggregate amount of $250 or more that is not satisfied within thirty (30) days or stayed pending appeal; (k) an involuntary lien or liens is attached to any of my assets or property and not satisfied within thirty (30) days or stayed pending appeal; (l) an adverse change occurs in my financial condition or applicable credit histories; or (m) I am in default under any agreement for borrowed money or any other material contract. I agree to provide ECU any financial records it reasonably requests to determine my financial status during the term of this Disclosure and Agreement.

Changes in Financial Circumstances. I You understand and agree that I you must inform ECU NECU immediately of in the event a material change changes in my your financial circumstances circumstances, or in any of the information provided in my Application, your Application including any supporting financial information. If I am you are using the Service MD to deposit items into an account in the name of a Business to which I am you are a party, this includes, but is not limited to, notification of the following: (a) significant changes in transaction volumes at my your business; (b) any change in a representation or statement made or furnished to ECU NECU by me you or on my your behalf in my your Application; (c) any a material change occurs in my your ownership or organizational structure (acknowledging that any change in ownership will be deemed material when ownership is closely held); (d) I You liquidate or dissolve, or enter into any consolidation merger, partnership, or joint venture; (e) I You sell any assets except in the ordinary course of my your business as now conducted, or sell, lease, assign or transfer any substantial part of my your business or fixed assets or any property or other assets necessary for the continuance of my your business as now conducted including, without limitation, the selling of any property or other assets accompanied by the leasing back of the same; (f) I You cease doing business, become insolvent, a receiver is appointed for all or any part of my your property, I you make an assignment for the benefit of creditors, or any proceeding is commenced either by me NECU or against me NECU under any bankruptcy or insolvency laws or any other law or laws relating to debtors; (g) any guaranty of my your indebtedness to ECUNECU, whether related or unrelated to the Account or the ServicesMD, ceases to be in full force and effect or is declared to be null and void; or the validity or enforceability thereof is contested in a judicial proceeding; or any guarantor denies that it has any further liability under such guaranty; or any guarantor defaults in any provision of any guaranty, or any financial information provided by any guarantor is false or misleading); (h) I You or any guarantor dies; if I am You are a sole proprietorship, the owner dies; if I am you are a partnership, any general or managing partner dies; if I am you are a corporation, any principal officer or 10.00% or greater shareholder dies; if I am you are a limited liability company, any managing member dies; if I am you are any other form of business entity, entity (any person(s) directly or indirectly controlling ten percent (10.00%) or more of the ownership interests of such entity dies; (i) any creditor tries to take any of my your property on or in which ECU NECU has a lien or security interest, including a garnishment of any of my your accounts with ECUNECU; (j) a judgment or judgments is entered against me you or any guarantor(s) in the aggregate amount of $250 or more that is not satisfied within thirty (30) days or stayed pending appeal; (k) an involuntary lien or liens is attached to any of my your assets or property and not satisfied within thirty (30) days or stayed pending appeal; (l) an adverse change occurs in my your financial condition or applicable credit histories; or and (m) I am You are in default under any agreement for borrowed money or any other material contract. I You agree to provide ECU NECU any financial records it NECU reasonably requests request to determine my your financial status during the term of this Disclosure and Agreement.

Changes in Financial Circumstances. I understand and agree that I must inform ECU you immediately of in the event a material change in my financial circumstances as or in any of the information provided in my Application, Application including any supporting financial information. If I am using the Service to deposit items into an account in the name of a Business to which I am a party, this includes, but is not limited to, notification of the following: (a) significant changes in transaction volumes at my business; (b) any change in a representation or statement made or furnished to ECU you by me or on my behalf in my Application; (c) any a material change occurs in my ownership or organizational structure (acknowledging that any change in ownership will be deemed material when ownership is closely held); (d) I liquidate or dissolve, or enter into any consolidation merger, partnership, or joint venture; (e) I sell any assets except in the ordinary course of my business as now conducted, or sell, lease, assign or transfer any substantial part of my business or fixed assets or any property or other assets necessary for the continuance of my business as now conducted including, without limitation, the selling of any property or other assets accompanied by the leasing back of the same; (f) I cease doing business, become insolvent, a receiver is appointed for all or any part of my property, I make an assignment for the benefit of creditors, or any proceeding is commenced either by me or against me under any bankruptcy or insolvency laws or any other law or laws relating to debtors; (g) any guaranty of my indebtedness to ECUyou, whether related or unrelated to the Account or the Services, ceases to be in full force and effect or is declared to be null and void; or the validity or enforceability thereof is contested in a judicial proceeding; or any guarantor denies that it has any further liability under such guaranty; or any guarantor defaults in any provision of any guaranty, or any financial information provided by any guarantor is false or misleading); (h) I or any guarantor dies; if I am a sole proprietorship, the owner dies; if I am a partnership, any general or managing partner dies; if I am a corporation, any principal officer or 10.00% or greater shareholder dies; if I am a limited liability company, any managing member dies or any member with a 10.00% or greater interest dies; if I am any other form of business entity, entity (any person(s) directly or indirectly controlling ten percent (10.00%) or more of the ownership interests of such entity dies; (i) any creditor tries to take any of my property on or in which ECU has you have a lien or security interest, including a garnishment of any of my accounts with ECUyou; (j) a judgment or judgments is entered against me or any guarantor(s) in the aggregate amount of $250 or more that is not satisfied within thirty (30) days or stayed pending appeal; (k) an involuntary lien or liens is attached to any of my assets or property and not satisfied within thirty (30) days or stayed pending appeal; (l) an adverse change occurs in my financial condition or applicable credit histories; or and (m) I am in default under any agreement for borrowed money or any other material contract. I agree to provide ECU you any financial records it you reasonably requests request to determine my financial status during the term of this Disclosure and Agreement.

Changes in Financial Circumstances. I You understand and agree that I you must inform ECU us immediately of in the event a material change in my your financial circumstances or in any of the information provided in my Application, including any supporting financial informationcircumstances. If I am using the Service to deposit items into an account in the name of a Business to which I am a party, this This includes, but is not limited to, notification of the following: (a) significant changes in transaction volumes at my your business; (b) any change in a representation or statement made or furnished to ECU us by me you or on my behalf in my Applicationyour behalf; (c) any a material change occurs in my your ownership or organizational structure (acknowledging that any change in ownership will be deemed material when ownership is closely held); (d) I you liquidate or dissolve, or enter into any consolidation merger, partnership, or joint venture; (e) I you sell any assets except in the ordinary course of my your business as now conducted, or sell, lease, assign or transfer any substantial part of my your business or fixed assets or any property or other assets necessary for the continuance of my your business as now conducted including, without limitation, the selling of any property or other assets accompanied by the leasing back of the same; (f) I you cease doing business, become insolvent, a receiver is appointed for all or any part of my your property, I you make an assignment for the benefit of creditors, or any proceeding is commenced either by me you or against me you under any bankruptcy or insolvency laws or any other law or laws relating to debtors; (g) any guaranty of my your indebtedness to ECUus, whether related or unrelated to the Account or the Services, ceases to be in full force and effect or is declared to be null and void; or the validity or enforceability thereof is contested in a judicial proceeding; or any guarantor denies that it has any further liability under such guaranty; or any guarantor defaults in any provision of any guaranty, or any financial information provided by any guarantor is false or misleading); (h) I you or any guarantor dies; if I am you are a sole proprietorship, the owner dies; if I am you are a partnership, any general or managing partner dies; if I am you are a corporation, any principal officer or ten percent (10.00% %) or greater shareholder dies; if I am you are a limited liability company, any managing member dies; if I am you are any other form of business entity, entity any person(s) directly or indirectly controlling ten percent (10.00%) or more of the ownership interests of such entity dies; (i) any creditor tries to take any of my your property on or in which ECU has we have a lien or security interest, including a garnishment of any of my accounts your Accounts with ECUus; (j) a judgment or judgments is entered against me you or any guarantor(s) in the aggregate amount of $250 or more that is not satisfied within thirty (30) days or stayed pending appeal; (k) an involuntary lien or liens is attached to any of my your assets or property and not satisfied within thirty (30) days or stayed pending appeal; (l) an adverse change occurs in my your financial condition or applicable credit histories; or and (m) I am you are in default under any agreement for borrowed money or any other material contract. I You agree to provide ECU us any financial records it we reasonably requests request to determine my your financial status during the term of this Disclosure and Agreement.

Changes in Financial Circumstances. I You understand and agree that I you must inform ECU us immediately of in the event a material change in my your financial circumstances as or in any of the information provided in my Application, your Application including any supporting financial information. If I am you are using the Service Services to deposit items into an account in the name of a Business to which I am you are a party, this includes, but is not limited to, notification of the following: (a) significant changes in transaction volumes at my your business; (b) any change in a representation or statement made or furnished to ECU Hiway by me you or on my your behalf in my your Application; (c) any a material change occurs in my your ownership or organizational structure (acknowledging that any change in ownership will be deemed material when ownership is closely held); (d) I you liquidate or dissolve, or enter into any consolidation merger, partnership, partnership or joint venture; (e) I you sell any assets except in the ordinary course of my your business as now conducted, or sell, lease, assign or transfer any substantial part of my your business or fixed assets or any property or other assets necessary for the continuance of my your business as now conducted including, without limitation, the selling of any property or other assets accompanied by the leasing back of the same; (f) I you cease doing business, become insolvent, a receiver is appointed for all or any part of my your property, I you make an assignment for the benefit of creditors, creditors or any proceeding is commenced either by me you or against me you under any bankruptcy or insolvency laws or any other law or laws relating to debtors; (g) any guaranty of my your indebtedness to ECUus, whether related or unrelated to the Account or the Services, ceases to be in full force and effect or is declared to be null and void; or the validity or enforceability thereof is contested in a judicial proceeding; or any guarantor denies that it has any further liability under such guaranty; or any guarantor defaults in any provision of any guaranty, or any financial information provided by any guarantor is false or misleading); (h) I or any guarantor dies; if I am a sole proprietorship, the owner dies; if I am a partnership, any general or managing partner dies; if I am a corporation, any principal officer or 10.00% or greater shareholder dies; if I am a limited liability company, any managing member dies; if I am any other form of business entity, any person(s) directly or indirectly controlling ten percent (10.00%) or more of the ownership interests of such entity dies; (i) any creditor tries to take any of my property on or in which ECU has a lien or security interest, including a garnishment of any of my accounts with ECU; (j) a judgment or judgments is entered against me or any guarantor(s) in the aggregate amount of $250 or more that is not satisfied within thirty (30) days or stayed pending appeal; (k) an involuntary lien or liens is attached to any of my assets or property and not satisfied within thirty (30) days or stayed pending appeal; (l) an adverse change occurs in my financial condition or applicable credit histories; or (m) I am in default under any agreement for borrowed money or any other material contract. I agree to provide ECU any financial records it reasonably requests to determine my financial status during the term of this Disclosure and Agreement.any