DESIGNATION OF DEPOSITORY. The financial institution set forth in the Merchant Application is designated by Merchant as a depository institution ("Depository") for its credit card indebtedness. Such financial institution must be a member of an Automated Clearing House Association. Merchant authorizes payment for indebtedness purchased hereunder to be made by paying Depository therefore with instructions to credit Merchant’s accounts. Depository, Member, and/or Global Direct may charge any of Merchant’s accounts at Depository for any amount due under this Card Services Agreement. Global Direct must approve in writing any proposed changes to the account numbers or to the Depository. Merchant hereby authorizes Depository to release any and all account information to Global Direct as Global Direct may request without any further authorization, approval or notice from or to Merchant.
DESIGNATION OF DEPOSITORY. The financial institution set forth in the Application is designated by Merchant as a depository institution (“Depository”) for payments due to Merchant hereunder. Xxxxxxxx authorizes Xxxxxxxx to make payment hereunder to Depository with instructions to credit the Merchant’s Account(s) with Depository. Depository and Xxxxxxxx may charge any of Merchant’s Account(s) at Depository for any amount due under this Agreement. Xxxxxxxx must approve in writing any proposed changes to the Merchant’s Account(s) or to Depository.
DESIGNATION OF DEPOSITORY. The financial institution set forth in the Merchant Application is designated by Merchant as a depository institution for debits and credits hereunder. Merchant agrees that it must maintain an account with such depository at all times during the term of the Agreement and thereafter until all obligations of Merchant are paid in full hereunder. Merchant authorizes payment for receivables purchased hereunder to be made by paying such depository therefor with instructions to credit Merchant's account. Depository, Member, and/or Global may charge any of Merchant's accounts at such depository for any amount due under the Agreement. Global must approve in writing any proposed changes to the account numbers or to the designated depository institution. If Merchant wishes to change its designated merchant bank account, Merchant shall provide written notice of the new bank and/or account number by registered mail to: Global Payments Direct, Inc., 00000 Xxx Xxx Xxxx., Xxxxxx Xxxxx, Xxxxxxxx, 00000-0000 XXX, Attention: Canadian Account Changes, or to such other address as provided by Global. Such account change shall be effective on a date to be scheduled by Global within thirty (30) days after Global’s receipt of such notice. In the event that Merchant wishes to have payment for receivables purchased hereunder to be transferred at the end of each banking day to an account specified at a different financial institution specified by Merchant (“Push Funds”), Merchant will execute and deliver to Global a Push Funds amendment, in the form specified by Global, which will include a Push Funds Authorization and Direction document to be provided by Global or Member to the newly designated financial institution.
DESIGNATION OF DEPOSITORY. The City, through action of the City Council, on July 14, 2020, hereby designates Bank as a primary depository bank for the period beginning September 1, 2020, and continuing through April 30, 2022.
DESIGNATION OF DEPOSITORY. The financial institution set forth in the Merchant Application is designated by Merchant as a depository institution (“Depository”) for payments due to Merchant hereunder. Merchant authorizes Member, Processor or the Settlement Bank, as the case may be, to make payment hereunder to Depository with instructions to credit the Merchant’s Account(s) with Depository. Depository, Member, Processor and/or the Settlement Bank may charge any of Merchant’s Account(s) at Depository for any amount due under this Agreement. Processor and Member must approve in writing any proposed changes to the Merchant’s Account(s) or to Depository.
DESIGNATION OF DEPOSITORY. The College, through action of the College Board, on September 15, 2016, hereby designates Bank as a primary depository bank for the period beginning December 1, 2016, and continuing through November 30, 2019, with the option for two (2) one-year extensions under the same terms and conditions.
DESIGNATION OF DEPOSITORY. The Town, through action of the Town Council, on March 28, 2023, hereby designates the Bank as a primary depository bank for the period beginning July 1, 2023, and continuing through June 30, 2025, with the option for three (3) one-year extensions under the same terms and conditions.
DESIGNATION OF DEPOSITORY. The Contractor shall designate to the City a commercial bank which is a member of the Federal Deposit Insurance Corporation, acceptable to the City, to be the depository for the receipt of funds under the terms of the Contract. After the City has satisfied itself as to the propriety of the account, it may deposit funds made available hereunder into said account. The commercial bank selected must fully insure and secure against loss continuously all funds on deposit in excess of the amount insured by a Federal or State Agency.
DESIGNATION OF DEPOSITORY. The financial institution set forth in the Merchant Services Agreement is designated by Merchant as a depository institution ("Depository") for its credit card indebtedness. Such financial institution must be a member of an Automated Clearing House Association. Merchant authorizes payment for indebtedness purchased hereunder to be made by paying Depository therefor with instructions to credit Merchant's Settlement Account. Depository, Member, and/or Global may charge Merchant’s Settlement Account at Depository or Forte Account, as applicable, for any amount due under the Merchant Services Agreement. Global must receive thirty (30) days in advance and in writing any changes to the account numbers or to the Depository.
DESIGNATION OF DEPOSITORY. The City through action of the City Commission, hereby designates the Bank as the depository for banking services for a period of one (1) year commencing on January 1, 2021 and through December 31, 2021, with a provision for four one-year continuations under the same terms and conditions as herein stated, subject to the mutual agreement of both parties. The City reserves the right to terminate this contract, for any reason, upon sixty (60) days written notice. In no event shall the contract exceed five years.
