Common use of Miscellaneous Payments Clause in Contracts

Miscellaneous Payments. Should WFBC receive a duplicate payment on a Purchased Account or other payment which is not identified, WFBC may return any duplicate payment to the Account Debtor or apply such duplicate payment or unidentified payment as WFBC in its sole discretion deems appropriate. In the event WFBC receives payment on an Account which has not been purchased hereunder and can be identified as being the property of the Customer, such payment will be credited to the Collected Reserve Account and released in accordance with this Agreement.” (k) Section 3.20(e) of the Account Purchase Agreement is hereby amended and restated to read in its entirety as follows:

Miscellaneous Payments. Should WFBC receive a duplicate payment on a Purchased Account or other payment which is not identified, WFBC may return any duplicate payment to the Account Debtor or apply such duplicate payment or unidentified payment as WFBC in its sole discretion deems appropriate. In the event WFBC receives payment on an Account which has not been purchased hereunder and can be identified as being the property of the Customer, such payment will be credited to the Collected Reserve Account and released in accordance with this Agreement.” (kj) Section 3.20(e) of the Account Purchase Agreement is hereby amended and restated to read in its entirety as follows: