Common use of Delivery of Advance Clause in Contracts

Delivery of Advance. Upon our initially making the amount of the Advance available for your use with the Approved Card (defined below) or the Invoice Payment Dashboard (defined below) (even if you choose not to spend any or all of the Advance), (a) you will deliver, and will cause to be delivered, on each day to us, the Specified Percentage of Future Receivables until we have received the Specified Amount, and (b) you acknowledge that good, sufficient and valuable consideration has been received. You understand and acknowledge that the Advance will be made available to you from our bank account (“Clear Bank Account”) on or after the date this Agreement is fully executed (such date this Agreement is fully executed, the “Closing Date”) by (i) using a payment card that we have authorized (the “Approved Card”), or (ii) using our invoice payment dashboard (such dashboard or any other form of transmittal acceptable to us in our sole and absolute discretion, the “Invoice Payment Dashboard”). While some of our other products or services may charge fees to use the Invoice Payment Dashboard, we will not charge you a fee to use the Invoice Payment Dashboard for any Advance made under this Agreement. Neither the Approved Card nor the Invoice Payment Dashboard may be used to redeem the Advance proceeds for cash, including through ATM cash withdrawals.

Appears in 4 contracts

Samples: Revenue Share Agreement (Kidpik Corp.), Revenue Share Agreement (Kidpik Corp.), Revenue Share Agreement (Kidpik Corp.)

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