Common use of Customer’s Representations Clause in Contracts

Customer’s Representations. Customer represents and warrants to PAI that: (i) each credit to the account of a Payee and each debit reversing one or more previous such credits will be requested timely and has been authorized pursuant to a Payee Authorization signed by such Payee and held by Customer; (ii) at the time any credit is made to the account of any such Payee, Customer has no actual knowledge of the revocation or termination of such Payee’s Authorization; (iii) each debit to the account of a Payee (reversing a prior credit) will be for a sum which is due and owing; (iv) Customer’s payment by means of electronic credits complies with all laws applicable to Customer and Payee with respect to such payments; and (v) Customer will have good, collected funds available in Customer’s Account for the purpose of honoring every debit made by PAI in connection with the Services.

Customer’s Representations. Customer represents You represent and warrants warrant to PAI that: (i) each credit to the account of a Payee and each debit reversing one or more previous such credits will be requested timely and has been authorized pursuant to a Payee Authorization signed by such Payee and held by Customeryou; (ii) at the time any credit is made to the account of any such Payee, Customer has you have no actual knowledge of the revocation or termination of such Payee’s Authorization; (iii) each debit to the account of a Payee (reversing a prior credit) will be for a sum which is due and owing; (iv) Customer’s your payment by means of electronic credits complies with all laws applicable to Customer you and Payee with respect to such payments; and (v) Customer you will have good, collected funds available in Customer’s your Account for the purpose of honoring every debit made by PAI in connection with the Services.