Instructions to Processor Sample Clauses
Instructions to Processor. Borrower irrevocably authorizes and instructs Processor to hold Daily Amounts on behalf of Lender and to remit directly to Lender the cash or, as applicable, a percentage of the cash equal thereto at the same time it remits to Borrower the cash equal to the receivables less the Daily Amount or, as applicable, a percentage of the Daily Amount. Borrower acknowledges and agrees that Processor shall provide Lender with Borrower’s Electronic Payment transaction history from time to time upon request by Lender. This Agreement does not prohibit, limit or alter the rights possessed by Processor pursuant to the Processing Agreement, including but not limited to Processor’s right to withhold, debit, offset or chargeback funds sent to or to be sent to Borrower or, funds that may become owing to Processor, or to terminate the Processing Agreement.
Instructions to Processor. Merchant irrevocably authorizes and instructs Processor to hold the Specified Percentage of Receivables on behalf of Company and to remit directly to Company the cash equal thereto at the same time it remits to Merchant the cash equal to the Receivables less the Specified Percentage. Merchant acknowledges and agrees that Processor shall provide Company with Merchant’s Electronic Payment transaction history from time to time upon request by Company. This Agreement does not prohibit, limit or alter the rights possessed by Processor pursuant to the Processing Agreement, including but not limited to Processor’s right to withhold, debit, offset or chargeback funds sent to or to be sent to Merchant or, funds that may become owing to Processor, or to terminate the Processing Agreement.
Instructions to Processor. Merchant will irrevocably instruct Processor to hold the Specified Percentage of Receivables on behalf of Company and to remit directly to Company the cash attributable thereto at the same time it remits to Merchant the cash attributable to the balance of the Receivables. Merchant acknowledges and agrees that Processor shall provide Company with Merchant’s Card transaction history.
