Common use of Customer’s Representations Clause in Contracts

Customer’s Representations. You represent and 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 you; (ii) at the time any credit is made to the account of any such Payee, 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) your payment by means of electronic credits complies with all laws applicable to you and Payee with respect to such payments; and (v) you will have good, collected funds available in your Account for the purpose of honoring every debit made by PAI in connection with the Services.

Customer’s Representations. You represent Customer represents and warrant 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 youCustomer; (ii) at the time any credit is made to the account of any such Payee, you have 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) your Customer’s payment by means of electronic credits complies with all laws applicable to you Customer and Payee with respect to such payments; and (v) you Customer will have good, collected funds available in your Customer’s Account for the purpose of honoring every debit made by PAI in connection with the Services.