Common use of Documentation to Bank Clause in Contracts

Documentation to Bank. Upon request of Service Company, Company shall execute and deliver to the financial institution wherein the Company Account and/or Service Company Account are maintained, such additional documents or instruments as may be necessary to evidence or effect the special and limited power of attorney granted to Service Company. Company will not take any action that interferes with the transfer of funds from the Company Account and/or Service Company Account as set forth in herein, nor will Company or its agents remove, withdraw or authorize the removal or withdrawal of any funds from the Company Account and/or Service Company Account for any purpose except as set forth herein. The Parties further agree that the revocation of any banking instructions by Company shall constitute an immediate material default by Company under this Agreement which, if not cured within one (1) business day after written notice from Service Company, shall entitle Service Company to immediately terminate this Agreement. Service Company shall not use the Company Account and/or Service Company Account for any purpose other than for the purposes specified in this Agreement, and shall not combine either accounts’ funds with funds from any other source, except for mistakes due to payor payment errors, which will be corrected by Service Company as soon as possible upon discovery.

Documentation to Bank. Upon request of Service Company, Company shall execute and deliver to the financial institution wherein the Company Account and/or Service Company Account are maintained, such additional documents or instruments as may be necessary to evidence or effect the special and limited power of attorney granted to Service Company. Company will not take any action that interferes with the transfer of funds from the Company Account and/or Service Company Account as set forth in herein, nor will Company or its agents remove, withdraw or authorize the removal or withdrawal of any funds from the Company Account and/or Service Company Account for any purpose except as set forth herein. The Parties further agree that the revocation of any banking instructions by Company shall constitute an immediate material default by Company under this Agreement which, if not cured within one (1) business day after written notice from Service Company, shall entitle Service Company to immediately terminate this AgreementAgreement in addition to other remedies. Service Company shall not use the Company Account and/or Service Company Account for any purpose other than for the purposes specified in this Agreement, and shall not combine either accounts’ funds with funds from any other source, except for mistakes due to payor payment errors, which will be corrected by Service Company as soon as possible upon discovery.