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 Cliq hereunder as set forth in the Specifications as published from time to time by Xxxx, CLIENT authorizes 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 Consolidation Account as might result from Returned Items and service fees, and other charges plus such additional fees charged by 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 Xxxx, upon demand of Xxxx. CLIENT may not close or change the Settlement Account without written notice to Cliq. CLIENT will be solely liable for all fees and costs associated with the Settlement Account and for all returns/overdrafts. CLIENT hereby grants to Cliq a security interest in the Settlement Account as well as any other account owned by CLIENT to the extent of any and 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 the bank at which the Settlement Account is maintained as requested by 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 Cliq PRI hereunder as set forth in the Specifications as published from time to time by XxxxPRI, CLIENT authorizes Cliq, at its sole and unfettered discretion, 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 Consolidation Escrow Account as might result from Returned Items and service fees, and other charges plus such additional fees charged by Xxxx 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 XxxxPRI, upon demand of XxxxPRI. CLIENT may not close or change the Settlement Account without written notice to CliqPRI. CLIENT will be solely liable for all alt fees and costs associated with the Settlement Account and for all returns/overdrafts. overdrafts CLIENT hereby grants to Cliq PRI a security interest in the Settlement Account as well as any other account owned by CLIENT Client to the extent of any and all 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 from. the bank at which the Settlement Account is maintained as requested by Xxxx 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. For the services to be performed by Cliq PRI hereunder as set forth in the Specifications as published from time to time by XxxxPRI, CLIENT authorizes Cliq, at its sole and unfettered discretion, 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 Consolidation Escrow Account as might result from Returned Items and service fees, and other charges plus such additional fees charged by Xxxx 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 XxxxPRI, upon demand of XxxxPRI. CLIENT may not close or change the Settlement Account without written notice to CliqPRI. CLIENT will be solely liable for all fees and costs associated with the Settlement Account and for all returns/overdrafts. CLIENT hereby grants to Cliq PRI a security interest in the Settlement Account as well as any other account owned by CLIENT to the extent of any and 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 the bank at which the Settlement Account is maintained as requested by Xxxx PRI to protect its security interest therein.