Common use of Merchant Authorization Clause in Contracts

Merchant Authorization. Merchant irrevocably authorizes and instructs ECS to (i) withhold (or cause to withhold) 20.0% (Twenty Percent) of Merchant’s daily gross credit and debit card processing receipts (“Split Payment”) from deposit into Merchant’s Settlement Account and to (ii) redirect and pay (or cause to redirect and pay) such percentage to an account designated by Payee (“Payee Account”) until Payee sends written notice to ECS that the Merchant has satisfied its obligations under the WRP AGREEMENT.

Merchant Authorization. Merchant irrevocably authorizes and instructs ECS to (i) withhold (or cause to withhold) 20.0% (Twenty Percent) of Merchant’s daily gross credit and debit card processing receipts (“Split Payment”) from deposit into Merchant’s Settlement Account and to (ii) redirect and pay (or cause to redirect and pay) such percentage to an account designated by Payee (“Payee Account”) until Payee sends written notice to ECS that the Merchant has satisfied its obligations under the WRP AGREEMENTMOU.