LLC Electronic Fund Transfer Authorization Sample Clauses

LLC Electronic Fund Transfer Authorization. This Libertas Funding, LLC Electronic Fund Transfer Authorization (the "Authorization") supplements the foregoing concurrent Agreement of Sale of Future Receipts (the "Agreement"). Except as noted below, capitalized terms in this Authorization have the meaning set forth in the Agreement. You irrevocably authorize us (which includes for the purposes of this authorization, our agents, service providers, successors, and assigns) to take delivery of each Weekly Delivery Amount by initiating an electronic fund transfer via the Automated Clearing House network or similar network (an "ACH") from the business deposit account specified below, any substitute account you later specify, or any other account containing your Future Receipts (collectively, the "Account") on or after the date the associated Future Receipts were created. You authorize us to initiate a single ACH for the combined amounts of different Weekly Delivery Amounts as permitted by the Agreement. You further authorize us initiate ACHs to the Account for any amounts that come due under the Agreement, including ACHs for the Completion Amount in the event you commit a Bad Act You also authorize us to initiate ACH credits or debits to the Account to correct any errors we may make in processing a payment. In the event that an ACH is returned unpaid, you authorize us to reinitiate the ACH until it is paid and to initiate a separate ACH or to add to a reinitiated ACH the amount of any dishonored payment fee that we charge. You agree that you will not cancel this Authorization or instruct any depository holding Future Receipts we purchased to reject our ACHs. You promise that the Account specified below and any substitute Account you provide us is used for business purposes and not for personal, family or household purposes and that you are an authorized s▇▇▇▇▇ on these Accounts. Business Deposit Account Information: Account Number: ********* Routing Number: ********* Depository Name: CHASE Depository City /State: TAMPA/FL By signing below, you agree to the terms of this Libertas Funding, LLC Electronic Fund Transfer Authorization. ACCEPTED AND AGREED: Seller: MARPAI, INC., et al. Name: D▇▇▇▇▇ ▇▇▇▇▇▇▇ L▇▇▇▇▇▇▇▇ Title: : CEO Owner: D▇▇▇▇▇ ▇▇▇▇▇▇▇ L▇▇▇▇▇▇▇▇ This is an addendum ("Addendum") to that certain merchant agreement (the "Merchant Agreement") entered into by and among Libertas Funding, LLC (the "Purchaser''), D▇▇▇▇▇ ▇▇▇▇▇▇▇ L▇▇▇▇▇▇▇▇ (the "Owner'') and MARPAI, INC. (the "Seller'') dated as of February...