Common use of Creditworthiness Clause in Contracts

Creditworthiness. In order for Company to participate in the origination of fund transfer entries (“Entry” or “Entries”), pursuant to this Agreement, Company must be creditworthy in accordance with the Bank’s policies. Company agrees that Bank may request and obtain credit information about Company in order to determine their creditworthiness. This credit information includes but is not limited to financial information to be obtained directly from Company and credit bureau reports. The Bank reserves the right to immediately terminate this Agreement if the creditworthiness of Company should deteriorate to an unacceptable level as determined by the Bank in its sole discretion.

Creditworthiness. In order for Company to participate in the origination of fund transfer entries (“Entry” or “Entries”), pursuant to this Agreement, Company must be creditworthy in accordance with the Bank’s policies. Company agrees that Bank may request and obtain credit information about Company in order to determine their creditworthiness. This credit information includes but is not limited to financial information to be obtained directly from the Company and credit bureau reports. The Bank reserves the right to immediately terminate this Agreement if the creditworthiness of Company should deteriorate to an unacceptable level as determined by the Bank in its sole discretion.