Common use of Settlement Account Clause in Contracts

Settlement Account. CLIENT shall, at all times, maintain an Account (“Settlement Account”) at a bank that is a member of the Federal Reserve ACH System. All credits for collected funds and debits for fees, payments and Returned Items under the terms of this Agreement shall be made to the Settlement Account For the services to be performed by PRI hereunder as set forth in the Specifications as published from time to time by PRI, CLIENT authorizes PRI to credit and or debit the Settlement Account, and CLIENT warrants that it shall, at all times, maintain a sufficient balance in said account to cover overdraft of the Escrow Account as might result from Returned Items and service fees, and other charges plus such additional fees charged by PRI for the performance of services beyond the terms of this Agreement or resulting from increased expenses incurred by the failure of CLIENT to furnish data as specified in the Specifications as published from time to time by PRI, upon demand of PRI. CLIENT may not close or change the Settlement Account without written notice to PRI. CLIENT will be solely liable for alt fees and costs associated with the Settlement Account and for all overdrafts CLIENT hereby grants to PRI a security interest in the Settlement Account as well as any other account owned by Client to the extent of any and alt fees, payments and Returned Items which may arise under this Agreement, and CLIENT shall execute any document and obtain any consents or waivers from. the bank at which the Settlement Account is maintained as requested by PRI to protect its security interest therein.

Settlement Account. CLIENT shall, at all times, maintain an Account (“"Settlement Account”") at a bank that is a member of the Federal Reserve ACH System. All credits for collected funds and debits for fees, payments and Returned Items under the terms of this Agreement shall be made to the Settlement Account Account. For the services to be performed by PRI Cliq hereunder as set forth in the Specifications as published from time to time by PRIXxxx, CLIENT authorizes PRI Cliq, at its sole and unfettered discretion, to credit and or debit the Settlement Account, and CLIENT warrants that it shall, at all times, maintain a sufficient balance in said account to cover overdraft of the Escrow Consolidation Account as might result from Returned Items and service fees, and other charges plus such additional fees charged by PRI Xxxx for the performance of services beyond the terms of this Agreement or resulting from increased expenses incurred by the failure of CLIENT to furnish data as specified in the Specifications as published from time to time by PRIXxxx, upon demand of PRIXxxx. CLIENT may not close or change the Settlement Account without written notice to PRICliq. CLIENT will be solely liable for alt all fees and costs associated with the Settlement Account and for all overdrafts returns/overdrafts. CLIENT hereby grants to PRI Cliq a security interest in the Settlement Account as well as any other account owned by Client CLIENT to the extent of any and alt all fees, payments and Returned Items which may arise under this Agreement, and CLIENT shall execute any document and obtain any consents or waivers from. from the bank at which the Settlement Account is maintained as requested by PRI Xxxx to protect its security interest therein.

Settlement Account. CLIENT shall, at all times, maintain an Account (“Settlement Account”) at a bank that is a member of the Federal Reserve ACH System. All credits for collected funds and debits for fees, payments and Returned Items under the terms of this Agreement shall be made to the Settlement Account Account. For the services to be performed by PRI hereunder as set forth in the Specifications as published from time to time by PRI, CLIENT authorizes PRI to credit and or debit the Settlement Account, and CLIENT warrants that it shall, at all times, maintain a sufficient balance in said account to cover overdraft of the Escrow Account as might result from Returned Items and service fees, and other charges plus such additional fees charged by PRI for the performance of services beyond the terms of this Agreement or resulting from increased expenses incurred by the failure of CLIENT to furnish data as specified in the Specifications as published from time to time by PRI, upon demand of PRI. CLIENT may not close or change the Settlement Account without written notice to PRI. CLIENT will be solely liable for alt all fees and costs associated with the Settlement Account and for all overdrafts overdrafts. CLIENT hereby grants to PRI a security interest in the Settlement Account as well as any other account owned by Client to the extent of any and alt all fees, payments and Returned Items which may arise under this Agreement, and CLIENT shall execute any document and obtain any consents or waivers from. from the bank at which the Settlement Account is maintained as requested by PRI to protect its security interest therein.