Common use of Clearance Days Clause in Contracts

Clearance Days. Payments made by check or any other means, including wire transfer, ACH transfer, or credit card receipts, shall be deemed to be made three (3) Business Days after receipt by Lenders and shall be subject to clearance of funds (the “Clearance Days”).

Appears in 1 contract

Samples: Loan and Security Agreement (T3 Motion, Inc.)

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Clearance Days. Payments made by check or any other means, including wire transferincluding, ACH transfer, or credit card receipts, shall be deemed to be made three (3) Business Days after receipt by Lenders Lender and shall be subject to clearance of funds (the “Clearance Days”). Wire transfers are deemed to be made on the date of confirmation of receipt of the wire.

Appears in 1 contract

Samples: Loan and Security Agreement (Andalay Solar, Inc.)

Clearance Days. Payments made by check or any other means, including wire transfer, ACH transfer, or credit card receipts, receipts shall be deemed to be made three (3-3-) Business Days after receipt by Lenders Lender and shall be subject to clearance of funds (the “Clearance Days”).

Appears in 1 contract

Samples: Loan and Security Agreement (Visualant Inc)

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Clearance Days. Payments made by check or any other means, including wire transfer, ACH transfer, or credit card receipts, receipts shall be deemed to be made three (3-3-) Business Days after receipt by Lenders Lender and shall be subject to clearance of funds (the "Clearance Days").

Appears in 1 contract

Samples: Loan and Security Agreement (Vertical Branding, Inc.)

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