Payment of Transaction Proceeds. If each of the forms required by CML to enable electronic funds transfer are timely completed and delivered to CML, then you (or, if designated by you or required by Applicable Law, the Taxi drivers) will receive payment of Transaction Proceeds, within three (3) business days of CML’s receipt of such amounts from the applicable card payment network; provided, however, if on the Order Form you have elected next day payment of Transaction Proceeds, then, for each Payment, (i) payment to you by ACH of estimated Transaction Proceeds for each such Payment shall be initiated by CML on the next business day following the date of such Payment, and, (ii) for each such Payment for which payment by ACH of Transaction Proceeds is initiated by CML on the next business day, you shall pay CML the ACH Fee, which amount may be deducted by CML from Transaction Proceeds due and payable to you hereunder.
Payment of Transaction Proceeds. If each of the forms required by Curb to enable electronic funds transfer are timely completed and delivered to Curb by Merchant, Curb will remit approved Electronic Payments, less the Transaction Fee or any other amounts duly deducted or withheld therefrom by Curb, a Services Provider or an Acquirer, to Merchant via Automated Clearing House (ACH) credit to a U.S. bank account for which Merchant is a named holder within two (2) Business Days (as defined below) of Curb’s receipt of such amounts from the Services Provider or Acquirer. Merchant shall keep Curb apprised of any changes to the appropriate account for ACH credits; provided that Merchant represents and warrants that it will be a named holder of any such bank account designated for ACH credits at all times during which such bank account is so designated. As used herein, “
