Seller’s Right for Reconciliation. The Parties each acknowledge and agree that: i. If at any time during the term of this Agreement Seller shall experience unforeseen decreases to their Daily Receipts, the Seller shall have the right, at its sole and absolute discretion, to request a modification to their Scheduled Remittance. ii. Such modification to their Scheduled Remittance (the “Reconciliation”) shall be performed by the Purchaser within five (5) Business Days following the written request by Seller for said Reconciliation.
Appears in 3 contracts
Samples: Future Receivables Sale and Purchase Agreement (First Person Ltd.), Future Receivables Sale and Purchase Agreement (First Person Ltd.), Merchant Cash Advance Agreement (American Rebel Holdings Inc)
Seller’s Right for Reconciliation. The Parties each acknowledge and agree that:
i. If at any time during the term of this thi s Agreement Seller shall experience unforeseen decreases to their Daily Receipts, the Seller shall have the right, at its sole and absolute discretiondiscretion , to request a modification to their Scheduled Remittance.
ii. Such modification to their Scheduled Remittance (the “Reconciliation”"Reconciliation ") shall be performed by the Purchaser within five (5) Business Days following the written request by Seller for said Reconciliation.
Appears in 1 contract
Samples: Future Receivables Sale and Purchase Agreement (Zerify, Inc.)
