Common use of Aggregate Limits Clause in Contracts

Aggregate Limits. In our discretion, and for our protection, regardless of whether or not Prefunding (as that term is defined in Section 6.2 of this Service Schedule) is required, we may limit the aggregate dollar amount of your Entries for which final settlement is pending at any given time (“Aggregate Limits”). We will advise you when you enroll in the Service of your Aggregate Limits, and you agree not to exceed them. We may, in our sole discretion, refuse to process, or suspend the processing of, any Entries that exceed the Aggregate Limits, and we will have no liability to you or any other party for doing so. You agree to indemnify, defend and hold us harmless from any and all claims arising out of or relating to our refusal to process Entries that exceed the Aggregate Limits. We will periodically review your Aggregate Limits and may, in our sole discretion, change them at any time. We will notify you of changes. At our request from time to time, you agree to provide to us such information as we may reasonably require regarding your financial status, including, without limitation, copies of your most recent financial statements. We may also periodically obtain and review credit reports on you and/or your principals.

Aggregate Limits. In our discretion, discretion and for our protection, regardless of whether or not Prefunding (as that term is defined in Section 6.2 1.10(b) of this Service ScheduleAgreement) is required, we may limit the aggregate dollar amount of your Entries for which final settlement is pending at any given time (“Aggregate Limits”). We will advise you when you enroll in the ACH Service of your Aggregate Limits, and you agree not to exceed them. We may, in our sole discretion, refuse to process, or suspend the processing of, any Entries that exceed the Aggregate Limits, and we will have no liability to you or any other party for doing so. You agree to indemnify, defend and hold us harmless from any and all claims arising out of or relating to our refusal to process Entries that exceed the Aggregate Limits. We will periodically review your Aggregate Limits and may, in our sole discretion, change them at any time. We will notify you of changes. At our request from time to time, you agree to provide to us such information as we may reasonably require regarding your financial status, including, without limitation, copies of your most recent financial statements. We may also periodically obtain and review credit reports on you and/or your principals.