Merchant Account Number Clause Samples
The Merchant Account Number clause identifies the unique account number assigned to a merchant by a payment processor or acquiring bank. This clause typically specifies where and how the account number will be used in the agreement, such as for processing transactions, tracking payments, or facilitating settlements. By clearly designating the merchant account number, the clause ensures accurate routing of funds and helps prevent errors or misallocation of payments.
Merchant Account Number. The credit card processing agreement between and dated (the “Processing Agreement”). Dear Sir/Madam: Under various agreements among , a with an address at (the “Company”) and Manufacturers and Traders Trust Company, as administrative agent and collateral agent for itself, documentation agent and certain lenders (in such capacities, together with its successors and assigns in such capacities, if any, the “Agent”), the Company has granted to the Agent (for the benefit of the Agent, documentation agent, certain lenders and certain other secured parties) a security interest in and to the Company’s inventory, credit card receivables, books and records relating to the foregoing, and proceeds therefrom, including without limitation, all amounts due or to become due from the Processor to the Company pursuant to the Processing Agreement between the Processor and the Company. Under the terms and provisions of the agreements with the Agent, the Company is obligated to deliver all proceeds of the Company’s accounts and inventory to the Agent. Such proceeds include all credit card charges (the “Charges”) submitted by the Company to the Processor for processing and the amounts which the Processor owes to the Company on account thereof (the “Credit Card Proceeds”) and all other amounts due or to become due to the Company under the Processing Arrangement. Until you receive notification from the Agent as provided below, all amounts due from time to time from the Processor to the Company (including Credit Card Proceeds, payment from any reserve account or the like or other payments) shall be transferred only as follows: By ACH, Depository Transfer Check, or Electronic Depository Transfer to: ABA# For Credit to Account No. Re: After you receive notification from the Agent, all amounts shall be transferred as you may be instructed from time to time in writing by an officer of the Agent. Upon request of the Agent, a copy of each periodic statement provided by the Processor to the Company should be provided to the Agent at the following address (which address may be changed upon seven (7) days written notice given to you by the Agent): Manufacturers and Traders Trust Company, as Agent ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Baltimore, Maryland 21201 Attention: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇▇ Re: DTLR You shall be fully protected in acting on any order or direction by the Agent given in accordance with the terms of this letter respecting the Charges and the Credit Card Proceeds without making any inquiry...
Merchant Account Number. The credit card processing agreement between the Processor and , dated (the “Processing Agreement”). Dear Sir/Madam: Pursuant to that certain Credit Agreement, dated as of June 3, 2016 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Canada Goose Holdings Inc., a corporation existing under the laws of British Columbia (“Holdings”), Canada Goose Inc., a corporation existing under the laws of Ontario (“CGI Borrower” and the “Borrower Representative”), Canada Goose International AG, a corporation incorporated and existing under the laws of Switzerland (“Swiss Borrower”), the lending institutions from time to time parties thereto as lenders (the “ABL Secured Parties”), and Canadian Imperial Bank of Commerce, as the administrative agent and collateral agent (in such capacities, the “Administrative Agent”), and as the Letter of Credit Issuer and Swingline Lender, [ ], with an address at (the “Credit Party”), among others, has granted a security interest to the Administrative Agent (for the ratable benefit of such agent and the ABL Secured Parties), in and to, among other things, the Credit Party’s inventory, credit card receivables, certain accounts, books and records relating to the foregoing, and proceeds therefrom, including without limitation, all amounts due or to become due from the Processor to the Credit Party pursuant to the Processing Agreement between the Processor and the Credit Party. The Processor acknowledges the foregoing and acknowledges and agrees in favour of the Administrative Agent, for good and valuable consideration, as set forth below. Under the terms and provisions of the Credit Agreement, under certain circumstances, the Credit Party is obligated to deliver all proceeds of the Credit Party’s accounts, accounts receivable and inventory to the Administrative Agent. Such proceeds include all credit card charges (the “Charges”) submitted by the Credit Party to the Processor for processing and the amounts which the Processor owes to the Credit Party on account thereof (the “Credit Card Proceeds”) and all other amounts due or to become due to the Credit Party under the Processing Agreement. Until the Processor receives notification from an officer of the Administrative Agent as provided below, all amounts due from time to time from the Processor to the Credit Party (including Credit Card Proceeds, payment from any reserve account or the like or other payments) sh...
Merchant Account Number. Dear Sir/Madam: In connection with that certain ABL Credit Agreement dated as of April 4, 2014 (as amended, restated, supplemented or otherwise modified and in effect from time to time, the “Credit Agreement”) between, among others, the Company, certain affiliates of the Company, and Bank of America, N.A., a national banking association with offices at ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, as administrative agent and collateral agent (in such capacities, the “Agent”) for a syndicate of lenders and other credit parties (together with the Agent, collectively, the “Credit Parties”), the Company has granted to the Agent, for its own benefit and the benefit of the other Credit Parties, a security interest in and to certain assets of the Company, including, without limitation, all payments with respect to credit card charges (the “Charges”) submitted by the Company to the Processor for processing and the amounts which the Processor owes to the Company on account thereof (the “Credit Card Proceeds”).
Merchant Account Number. The credit card processing agreement between and dated (the “Processing Agreement”). Dear Sir/Madam: Under various agreements among , a with an address at (the “Loan Party”) and (i) ▇▇▇▇▇ Fargo Bank, National Association, a national banking association with offices at ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, as collateral agent (in such capacity, herein the “Collateral Agent”) for the benefit of a syndicate of lenders and certain other secured parties (the “ABL Secured Parties”), and (ii) Deutsche Bank AG New York Branch, a branch of Deutsche Bank AG, with a license issued by the Bank Department of the State of New York, with offices at ▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, as agent (in such capacity, herein the “Term Agent”) for the benefit of a syndicate of lenders and certain other secured parties (the “Term Loan Secured Parties”), the Loan Party has granted to the Collateral Agent, for the benefit of the Collateral Agent and the other ABL Secured Parties, and to the Term Agent, for the benefit of the Term Agent and the other Term Loan Secured Parties, a security interest in and to, among other things, the Loan Party’s inventory, credit card receivables, certain accounts, books and records relating to the foregoing, and proceeds therefrom, including without limitation, all amounts due or to become due from the Processor to the Loan Party pursuant to the Processing Agreement between the Processor and the Loan Party. Under the terms and provisions of the agreements with the Collateral Agent and the Term Agent, under certain circumstances, the Loan Party is obligated to deliver all proceeds of the Loan Party’s accounts, accounts receivable and inventory to the Collateral Agent or the Term Agent, as applicable. Such proceeds include all credit card charges (the “Charges”) submitted by the Loan Party to the Processor for processing and the amounts which the Processor owes to the Loan Party on account thereof (the “Credit Card Proceeds”) and all other amounts due or to become due to the Loan Party under the Processing Agreement. Until the Processor receives notification from an officer of the Collateral Agent as provided below, all amounts due from time to time from the Processor to the Loan Party (including Credit Card Proceeds, payment from any reserve account or the like or other payments) shall be transferred only as follows: By ACH, Depository Transfer Check, or Electronic Depository Transfer to: ABA # For Credit to Account No. Afte...