Common use of Prohibited Uses of the Service Clause in Contracts

Prohibited Uses of the Service. You are prohibited from using the Service to: (a) Collect any accounts that you acquired by assignment from any third party (whether or not affiliated with you). (b) Collect accounts for or on behalf of any third party (whether or not affiliated with you). (c) Collect any accounts that were not originally generated by your delivery of your goods or services to your customer. (d) Enter into the Service any customer who (when entered) is in default or past due in making any payment to you on any account. (e) Enter into the Service any account that (when entered) is in default or past due. (f) Enter into the Service any account that is current when entered, but owed by a customer who is then in default or past due to you on any other account. If requested by Paysimple and/or us, you will from time to time provide a certificate in a form acceptable to us attesting to and warranting your compliance with these prohibitions, and will permit Paysimple and/or us to audit your records in connection therewith.

Appears in 4 contracts

Samples: Treasury Management Master Services Agreement, Treasury Management Master Services Agreement, Treasury Management Master Services Agreement

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