Common use of Use of Advance Clause in Contracts

Use of Advance. You agree that the proceeds of the Advance will be used solely for, and the Invoice Payment Dashboard may permit spending for, only the purposes permitted in Section 7.7. You acknowledge and agree that we may, in our sole and absolute discretion, reject any Invoice Payment Dashboard transaction, including those which do not comply with the requirements of this Agreement, our internal policies, or applicable laws and regulations. You acknowledge and agree that the Clear Bank Account and the Invoice Payment Dashboard are subject to rules and restrictions imposed by us from time to time, including with respect to access and spending rights. For your convenience, and without prejudicing any of our rights to receive the Applicable Percentage of Future Receivables and the Specified Amount of Future Receivables, you may choose not to spend the entire amount of the Advance on a single day. You may from time to time direct us to pay in whole or in part the proceeds of the Advance to eligible third parties you designate on the Invoice Payment Dashboard (such direction, the “Directed Payment Instruction”). If the balance of your unused and available Advance is less than the amount of the Directed Payment Instruction, you may not use the Invoice Payment Dashboard to facilitate payment of the Directed Payment Instruction. You agree to assume sole and absolute responsibility for any Directed Payment Instruction and such instructions may be relied upon by us, whether or not an error could be detected by us. You do not have the right to cancel or amend any Directed Payment Instruction once given to us. You acknowledge and agree that we may, in our sole and absolute discretion, reject any Directed Payment Instruction, including those which do not comply with the requirements of this Agreement, our internal policies, or applicable laws and regulations. You are solely responsible for timely payments to your payees and we have no liability for any late or missed payments.

Use of Advance. You agree that the proceeds of the Advance will be used solely for, and the Approved Card and the Invoice Payment Dashboard may permit spending for, only the purposes permitted in Section 7.7. You acknowledge and agree that we may, in our sole and absolute discretion, reject any Approved Card or Invoice Payment Dashboard transaction, including those which do not comply with the requirements of this Agreement, our internal policies, or applicable laws and regulations. You acknowledge and agree that the Clear Bank Account Account, the Approved Card and the Invoice Payment Dashboard are subject to rules and restrictions imposed by us from time to time, including with respect to access and spending rights. For your convenience, and without prejudicing any of our rights to receive the Applicable Specified Percentage of Future Receivables and the Specified Amount of Future Receivables, you may choose not to spend the entire amount of the Advance on a single day. You may from time to time direct us to pay in whole or in part the proceeds of the Advance to eligible third parties you designate on the Invoice Payment Dashboard (such direction, the “Directed Payment Instruction”). If the balance of your unused and available Advance is less than the amount of the Directed Payment Instruction, you may not use the Invoice Payment Dashboard to facilitate payment of the Directed Payment Instruction. You agree to assume sole and absolute responsibility for any Directed Payment Instruction and such instructions may be relied upon by us, whether or not an error could be detected by us. You do not have the right to cancel or amend any Directed Payment Instruction once given to us. You acknowledge and agree that we may, in our sole and absolute discretion, reject any Directed Payment Instruction, including those which do not comply with the requirements of this Agreement, our internal policies, or applicable laws and regulations. You are solely responsible for timely payments to your payees and we have no liability for any late or missed payments.