Common use of Deposit of Future Receivables Clause in Contracts

Deposit of Future Receivables. You agree that all Future Receivables generated by your business will be deposited in the bank account we have on file for you (“Company Bank Account”), to which an irrevocable ACH authorization agreement or direct or pre-authorized debit agreement, as applicable (any such agreement, the “Authorization Agreement”), relates. You agree to provide us with the Authorization Agreement on or immediately prior to the Closing Date. You understand that we would not pay you the Advance without you providing the Authorization Agreement. You agree that we may access, debit and review the Company Bank Account, including to assess the amount of Future Receivables you have generated and to debit the Company Bank Account for all amounts owed to us under this Agreement. You will provide us any information we request to conduct such assessments. You agree to instruct your payment processors to deposit all payments it processed for you into the Company Bank Account. You agree not to change the Company Bank Account or any payment processor account, billing platform account (for example, including Stripe Billing, Chargify, Chargebee, Recurly and Zuora) or other platform account you have connected to us (such accounts and the Company Bank Account, collectively, the “Connected Accounts”) without our advance written consent. You agree to provide us with read-only access codes to the Connected Accounts (including via Plaid or similar services) and agree not to change such access codes without our advance written consent.

Deposit of Future Receivables. You agree that all Future Receivables generated by your business will be deposited in the bank account we have on file for you (“Company Bank Account”), to which an irrevocable ACH authorization agreement or direct or pre-authorized debit agreement, as applicable (any such agreement, the “Authorization Agreement”), relates. You agree to provide us with the Authorization Agreement on or immediately prior to the Closing Date. You understand that we would not pay you the Advance without you providing the Authorization Agreement. You agree that we may access, debit and review the Company Bank Account, including to assess the amount of Future Receivables you have generated and to debit the Company Bank Account for all amounts owed to us under this Agreement. You will provide us any information we request to conduct such assessments. You agree to instruct your payment processors to deposit all payments it processed for you into the Company Bank Account. You agree not to change the Company Bank Account or any payment processor account, billing platform account (for example, including Stripe Billing, Chargify, Chargebee, Recurly and Zuora), inventory management, distribution and fulfillment centre account (for example, 3PL Central, ShipStation, ShipBob, DHL, FedEx, and UPS) or other platform account you have connected to us (such accounts and the Company Bank Account, collectively, the “Connected Accounts”) without our advance written consent. You agree to provide us with read-only access codes to the Connected Accounts (including via Plaid or similar services) and agree not to change such access codes without our advance written consent.