Common use of DESIGNATION OF DEPOSITORY Clause in Contracts

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.

Appears in 14 contracts

Samples: Card Services Agreement, Card Services Agreement, Card Services Agreement

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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.

Appears in 5 contracts

Samples: Merchant Credit Card Processing Agreement, Merchant Credit Card Processing Agreement, Merchant Credit Card Processing Agreement

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 's accounts. Depository, Member, and/or Global Direct may charge any of Merchant’s '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 or anyone acting on Global Direct’s behalf as Global Direct may request without any further authorization, approval or notice from or to Merchant.

Appears in 5 contracts

Samples: Merchant Service Agreement, Merchant Service Agreement, Merchant Service Agreement

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 Xxxxxxxx authorizes payment for indebtedness purchased hereunder to be made by paying Depository therefore with instructions to credit MerchantXxxxxxxx’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 Xxxxxxxx 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.

Appears in 4 contracts

Samples: Card Services Agreement, Card Services Agreement, Card Services Agreement

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 's accounts. Depository, Member, and/or Global Direct may charge any of Merchant’s '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.

Appears in 2 contracts

Samples: Card Services Agreement, Card Services Agreement

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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 Xxxxxxxx authorizes payment for indebtedness purchased hereunder to be made by paying Depository therefore with instructions to credit Merchant’s Xxxxxxxx's accounts. Depository, Member, and/or Global Direct may charge any of Merchant’s '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 Xxxxxxxx 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.

Appears in 2 contracts

Samples: Card Services Agreement, Card Services Agreement

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 Xxxxxxxx authorizes payment for indebtedness purchased hereunder to be made by paying Depository therefore with instructions to credit Merchant’s Xxxxxxxx's accounts. Depository, Member, and/or Global Direct may charge any of Merchant’s '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 Xxxxxxxx hereby authorizes Depository to release any and all account information to Global Direct or anyone acting on Global Direct’s behalf as Global Direct may request without any further authorization, approval or notice from or to Merchant.

Appears in 1 contract

Samples: Merchant Service Agreement

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 Xxxxxxxx authorizes payment for indebtedness purchased hereunder to be made by paying Depository therefore with instructions to credit Merchant’s Xxxxxxxx's accounts. Depository, Member, and/or Global Direct may charge any of Merchant’s '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 Xxxxxxxx hereby authorizes Depository to release any and all account information to Global Direct or anyone acting on Global Direct’s behalf as Global Direct may request without any further authorization, approval approval, or notice from or to Merchant.

Appears in 1 contract

Samples: Merchant Service Agreement

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