ACH Authorization. In order to satisfy any of the Obligations, Seller authorizes Purchaser to initiate electronic debit or credit entries through the ACH system in an Event of Default.
Appears in 3 contracts
Sources: Factoring and Security Agreement, Factoring and Security Agreement (Wave Systems Corp), Factoring and Security Agreement (Sunvalley Solar, Inc.)
ACH Authorization. 11.1. In order to satisfy any of the Obligations, Seller authorizes Purchaser to initiate electronic debit or credit entries through the ACH system in an Event of Defaultto any deposit account maintained by Seller.
Appears in 2 contracts
Sources: Factoring and Security Agreement (Biozone Pharmaceuticals, Inc.), Factoring and Security Agreement (ePhoto Image, Inc.)
ACH Authorization. 11.1. In order to satisfy any of the Obligations, each Seller authorizes Purchaser to initiate electronic debit or credit entries through the ACH system in an Event of Defaultto any deposit account maintained by any Seller.
Appears in 1 contract
ACH Authorization. In order to satisfy any of the Obligations, Seller authorizes Purchaser Agent to initiate electronic debit or credit entries through the ACH system in an Event of Defaultto any deposit account maintained by Seller.
Appears in 1 contract
Sources: Factoring and Security Agreement (Zoo Entertainment, Inc)
ACH Authorization. 11.1 In order to satisfy any of the Obligations, Seller authorizes Purchaser to initiate electronic debit or credit entries through the ACH system in an Event of Defaultto any deposit account maintained by Seller.
Appears in 1 contract
Sources: Factoring and Security Agreement (Eastside Distilling, Inc.)