Common use of Debits and Credits Clause in Contracts

Debits and Credits. All debits and credits made pursuant to this AMENDMENT shall be posted to the DESIGNATED ACCOUNT. All ACH and credit card transaction debits and credits must be deposited into one DESIGNATED ACCOUNT per Merchant Identification Number (“MID”). You agree to maintain sufficient balances in available funds in the DESIGNATED ACCOUNT to cover all credit transactions you submit to us. If the DESIGNATED ACCOUNT does not have a sufficient balance, we may, at our option, either debit any other account of yours to provide such balances or decline to forward such transactions. We may require you to pre-fund certain types of ACH transactions. You agree to immediately reimburse us for any overdrafts created by transactions initiated for you, whether through originating credit transactions for which there were not sufficient funds, or for returns received by us in respect of originating debit transactions or otherwise.

Debits and Credits. All debits and credits made pursuant to this AMENDMENT Amendment shall be posted to the DESIGNATED ACCOUNTSettlement Account. All ACH and credit card transaction debits and credits must be deposited into one DESIGNATED ACCOUNT Settlement Account per Merchant Identification Number (“MID”). You agree to maintain sufficient balances in available funds in the DESIGNATED ACCOUNT Settlement Account to cover all credit transactions you submit to us. If the DESIGNATED ACCOUNT Settlement Account does not have a sufficient balance, we may, at our option, either debit any other account of yours to provide such balances or decline to forward such transactions. We may require you to pre-fund certain types of ACH transactions. You agree to immediately reimburse us for any overdrafts created by transactions initiated for you, whether through originating credit transactions for which there were not sufficient funds, or for returns received by us in respect of originating debit transactions or otherwise.