Financial Condition and History Sample Clauses

Financial Condition and History. (a) Customer and each Principal authorize Purchaser and its agents to investigate their financial condition and history and authorize each of Customer’s card processors and other recipients of Customer’s Receivables (“Receivables Recipients”), as well as any of Customer’s customers, to provide Purchaser with Customer payment card, check processing and customer payment activity statements and any other information on Customer upon Purchaser’s request. Customer and each Principal authorize Purchaser to obtain a credit report and/or background report on Customer and each individual or Principal that signs this Agreement at any time during the term of this Agreement and one hundred eighty (180) days after the term of this Agreement (so as to allow time for post-judgment enforcement in the event arbitration is commenced). Customer will provide to Purchaser within five (5) days of a request by Purchaser any documents relating to Customer’s financial condition and history including, but not limited to, Customer’s bank statements, financial statements, tax returns and credit card and check processing activity statements. Such documents shall be legible, complete and unredacted. A photocopy of this authorization will be deemed acceptable for release of financial information.
Sample 1Sample 2Sample 3See All (10)
AutoNDA by SimpleDocs
Financial Condition and History. (a) Merchant and each Principal authorize Purchaser and its agents to investigate their financial condition and history and authorize each of Merchant’s card processors, other Receivables Recipients and customers to provide Purchaser with Merchant payment card, check processing and customer payment activity statements and any other information on Merchant upon Purchaser’s request. Merchant and each Principal authorize Purchaser to obtain a credit report and / or background report on Merchant and each individual or Principal that signs this Agreement at any time during the term of this Agreement and one hundred eighty (180) days after the term of this Agreement (so as to allow time for post-judgment NYSCEF DOC. NO. 3 RECEIVED NYSCEF: 07/19/2021 enforcement in the event litigation or arbitration is commenced). Merchant will provide to Purchaser within five (5) days of a request by Purchaser any documents relating to Xxxxxxxx’s financial condition and history including, but not limited to, Xxxxxxxx’s bank statements, financial statements, tax returns and credit card and check processing activity statements. Such documents shall be legible, complete and unredacted. A photocopy of this authorization will be deemed acceptable for release of financial information.
Sample 1Sample 2Sample 3See All (6)
Financial Condition and History. (a) Merchant and each Principal authorize Purchaser and its agents to investigate their financial condition and history and authorize each of Merchant’s card processors, other Receivables Recipients and customers to provide Purchaser with Merchant payment card, check processing and customer payment activity statements and any other information on Merchant upon Purchaser’s request. Merchant and each Principal authorize Purchaser to obtain a credit report and / or background report on Merchant and each individual or Principal that signs this Agreement at any time during the term of this Agreement and one hundred eighty (180) days after the term of this Agreement (so as to allow time for post-judgment enforcement in the event litigation or arbitration is commenced). Merchant will provide to Purchaser within five (5) days of a request by Purchaser any documents relating to Xxxxxxxx’s financial condition and history including, but not limited to, Xxxxxxxx’s bank statements, financial statements, tax returns and credit card and check processing activity statements. Such documents shall be legible, complete and unredacted. A photocopy of this authorization will be deemed acceptable for release of financial information.
Sample 1Sample 2Sample 3See All (4)
Financial Condition and History. (a) Merchant and each Principal authorize Purchaser and its agents to investigate their financial condition and history and authorize each of Merchant’s card processors, other Receivables Recipients and customers to provide Purchaser with Merchant payment card, check processing and customer payment activity statements and any other information on Merchant upon Purchaser’s request. Merchant and each Principal authorize Purchaser to obtain a credit report and / or background report on Merchant and each individual or Principal that signs this Agreement at any time during the term of this Agreement and one hundred eighty (180) days after the term of this Agreement (so as to allow time for post-judgment 6 Initial here on behalf of Merchant X enforcement in the event litigation or arbitration is commenced). Merchant will provide to Purchaser within five (5) days of a request by Purchaser any documents relating to Xxxxxxxx’s financial condition and history including, but not limited to, Xxxxxxxx’s bank statements, financial statements, tax returns and credit card and check processing activity statements. Such documents shall be legible, complete and unredacted. A photocopy of this authorization will be deemed acceptable for release of financial information.
Sample 1

Related to Financial Condition and History

  • Financial Conditions Section 4.01. (a) The Recipient shall maintain a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Bank, adequate to reflect the operations, resources and expenditures related to the Project.

  • Financial Condition There shall have been no material adverse change, as determined by Bank, in the financial condition or business of Borrower, nor any material decline, as determined by Bank, in the market value of any collateral required hereunder or a substantial or material portion of the assets of Borrower.

  • SPECIAL CONDITIONS A submitted appeal must;

  • Financial Consequences The Department reserves the right to impose financial consequences when the Contractor fails to comply with the requirements of the Contract. The following financial consequences will apply for the Contractor’s non-performance under the Contract. The Customer and the Contractor may agree to add additional Financial Consequences on an as-needed basis beyond those stated herein to apply to that Customer’s resultant contract or purchase order. The State of Florida reserves the right to withhold payment or implement other appropriate remedies, such as Contract termination or nonrenewal, when the Contractor has failed to comply with the provisions of the Contract. The Contractor and the Department agree that financial consequences for non-performance are an estimate of damages which are difficult to ascertain and are not penalties. The financial consequences below will be paid and received by the Department of Management Services within 30 calendar days from the due date specified by the Department. These financial consequences below are individually assessed for failures over each target period beginning with the first full month or quarter of the Contract performance and every month or quarter, respectively, thereafter. Deliverable Performance Metric Performance Due Date Financial Consequence for Non-Performance Contractor will timely submit completed Quarterly Sales Reports All Quarterly Sales Reports will be submitted timely with the required information Reports are due on or before the 30th calendar day after the close of each State fiscal quarter $250 per Calendar Day late/not received by the Contract Manager Contractor will timely submit completed MFMP Transaction Fee Reports All MFMP Transaction Fee Reports will be submitted timely with the required information Reports are due on or before the 15th calendar day after the close of each month $100 per Calendar Day late/not received by the Contract Manager Failure to timely provide Quarterly Sales Reports, transaction fee reports, or other reports as required will result in the imposition of financial consequences and repeated failures or non- payment of financial consequences owed under this Contract may result in the Contractor being found in default and the termination of the Contract. No favorable action will be considered when Contractor has outstanding Contract Quarterly Sales Reports, MFMP Transaction Fee Reports, or any other documentation owed to the Department or Customer, to include fees / monies, that is required under this Contract.

  • Mutual Conditions The respective obligations of each party to consummate the purchase and issuance and sale of the Purchased Units shall be subject to the satisfaction on or prior to the Closing Date of each of the following conditions (any or all of which may be waived by a party on behalf of itself in writing, in whole or in part, to the extent permitted by applicable Law):

  • General Condition The Aircraft will:

  • Financial Consequences for Nonperformance The State reserves the right to withhold payment or implement other appropriate remedies, such as contract termination or nonrenewal, when the Contractor has failed to perform under or comply with the provisions of this contract. When or if the Contractor fails to perform or comply with provisions of this contract, the Contractor has ten (10) calendar days from receipt of Complaint to Vendor Form (PUR 7017) to comply as instructed within the notice. An amount of $500.00 may be assessed for each day the Contractor is delinquent after the ten (10) day notice period ends, and that amount may be withheld from a Contractor’s invoice. The rights and remedies of the State in this paragraph are not considered penalties and are in addition to any other rights and remedies provided by law.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!