Clearance Days. Payments made by check or any other means, including, ACH transfer, or credit card receipts, shall be deemed to be made three (3) Business Days after receipt by 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
Clearance Days. Payments made by check or any other means, includingincluding wire transfer, ACH transfer, or credit card receipts, shall be deemed to be made three three(3· 3 -) Business Days after receipt by 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 (DecisionPoint Systems, Inc.)
Clearance Days. Payments made by check or any other means, includingincluding wire transfer, ACH transfer, or credit card receipts, receipts shall be deemed to be made three (3-3-) Business Days after receipt by 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 (Vertical Branding, Inc.)
Clearance Days. Payments made by check or any other means, includingincluding wire transfer, ACH transfer, or credit card receipts, shall be deemed to be made three (3) Business Days after receipt by Lender Lenders 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
