Common use of Entry Settlement Clause in Contracts

Entry Settlement. Sub-Merchant shall provide Fattmerchant or Financial Institution, if so directed by Fattmerchant, with immediately available funds not later than 8:00 a.m. local time on each Settlement Date sufficient to pay all Entries initiated by Sub- Merchant hereby authorizes and instructs Fattmerchant to make deposits, withdrawals and transfers to and from the Operating Account as appropriate or necessary in connection with any of the eCheck Processing Services provided by Fattmerchant under this Agreement. Notwithstanding anything in this Agreement to the contrary, Fattmerchant reserves the right to require that sufficient collected funds be in the Operating Account prior to the time any Entry is processed by Fattmerchant under this Agreement.

Entry Settlement. Sub-Merchant shall provide Fattmerchant or Financial Institution, if so directed by FattmerchantXxxxxxxxxxxx, with immediately available funds not later than 8:00 a.m. local time on each Settlement Date sufficient to pay all Entries initiated by Sub- Merchant hereby authorizes and instructs Fattmerchant to make deposits, withdrawals and transfers to and from the Operating Account as appropriate or necessary in connection with any of the eCheck Processing Services provided by Fattmerchant under this Agreement. Notwithstanding anything in this Agreement to the contrary, Fattmerchant reserves the right to require that sufficient collected funds be in the Operating Account prior to the time any Entry is processed by Fattmerchant under this Agreement.