Common use of Establishment of Reserve Account Clause in Contracts

Establishment of Reserve Account. We may withhold funds by temporarily suspending or delaying payouts of proceeds to you and/or designate an amount of funds that you must maintain in your Operating Account or in a separate reserve account (“Reserve”) to secure the performance of your obligations under any agreement between you and Fattmerchant. We may require a Reserve for any reason related to your use of the Services. The Reserve will be in an amount as reasonably determined by us to cover potential losses to Fattmerchant. The Reserve may be raised, reduced or removed at any time by Fattmerchant, in its sole discretion, based on your payment history, a credit review, the amount of any arbitration award or court judgment against you in Fattmerchant’s favor, or otherwise as Fattmerchant or Acquirer may determine or require. If you do not have sufficient funds in your Reserve, we may fund the Reserve from any funding source associated the Services, including any funds (a) deposited by you, (B) due to you, or (c) available in your Operating Account, or other payment instruction registered with us. You authorize us to make any withdrawals on debits from the Reserve or your Operating Account, without prior notice to you, to collect amounts that you owe us. You shall have no ability to make withdrawals from the Reserve Account without the written consent of Fattmerchant.

Establishment of Reserve Account. We may withhold funds by temporarily suspending or delaying payouts of proceeds to you and/or designate an amount of funds that you must maintain in your Operating Account or in a separate reserve account (“Reserve”) to secure the performance of your obligations under any agreement between you and FattmerchantAmerican Payments Solutions LLC. We may require a Reserve for any reason related to your use of the Services. The Reserve will be in an amount as reasonably determined by us to cover potential losses to FattmerchantAmerican Payments Solutions LLC. The Reserve may be raised, reduced or removed at any time by Fattmerchant, American Payments Solutions LLC in its sole discretion, based on your payment history, a credit review, the amount of any arbitration award or court judgment against you in Fattmerchant’s American Payments Solutions LLC’ favor, or otherwise as Fattmerchant or American Payments Solutions LLCor Acquirer may determine or require. If you do not have sufficient funds in your Reserve, we may fund the Reserve from any funding source associated the Services, including any funds (a) deposited by you, (B) due to you, or (c) available in your Operating Account, or other payment instruction registered with us. You authorize us to make any withdrawals on debits from the Reserve or your Operating Account, without prior notice to you, to collect amounts that you owe us. You shall have no ability to make withdrawals from the Reserve Account without the written consent of FattmerchantAmerican Payments Solutions LLC.

Establishment of Reserve Account. We may withhold funds by temporarily suspending or delaying payouts of proceeds to you and/or designate an amount of funds that you must maintain in your Operating Account or in a separate reserve account (“Reserve”) to secure the performance of your obligations under any agreement between you and FattmerchantFaithlife. We may require a Reserve for any reason related to your use of the Processing Services. The Reserve will be in an amount as reasonably determined by us to cover potential losses to FattmerchantFaithlife. The Reserve may be raised, reduced or removed at any time by FattmerchantFaithlife, in its sole discretion, based on your payment history, a credit review, the amount of any arbitration award or court judgment against you in FattmerchantFaithlife’s favor, or otherwise as Fattmerchant Faithlife or Acquirer may determine or require. If you do not have sufficient funds in your Reserve, we may fund the Reserve from any funding source associated with the Processing Services, including any funds (aA) deposited by you, (B) due to you, or (cC) available in your Operating Account, or other payment instruction registered with us. You authorize us to make any withdrawals on debits from the Reserve or your Operating Account, without prior notice to you, to collect amounts that you owe us. You shall have no ability to make withdrawals from the Reserve Account without the written consent of FattmerchantFaithlife.

Establishment of Reserve Account. We may withhold funds by temporarily suspending or delaying payouts of proceeds to you and/or designate an amount of funds that you must maintain in your Operating Account or in a separate reserve account (“Reserve”) to secure the performance of your obligations under any agreement between you and FattmerchantSimplePay. We may require a Reserve for any reason related to your use of the Services. The Reserve will be in an amount as reasonably determined by us to cover potential losses to FattmerchantSimplePay. The Reserve may be raised, reduced or removed at any time by Fattmerchant, SimplePay in its sole discretion, based on your payment history, a credit review, the amount of any arbitration award or court judgment against you in Fattmerchant’s SimplePay’ favor, or otherwise as Fattmerchant SimplePay or Acquirer may determine or require. If you do not have sufficient funds in your Reserve, we may fund the Reserve from any funding source associated the Services, including any funds (a) deposited by you, (B) due to you, or (c) available in your Operating Account, or other payment instruction registered with us. You authorize us to make any withdrawals on debits from the Reserve or your Operating Account, without prior notice to you, to collect amounts that you owe us. You shall have no ability to make withdrawals from the Reserve Account without the written consent of FattmerchantSimplePay.

Establishment of Reserve Account. We may withhold funds by temporarily suspending or delaying payouts of proceeds to you and/or designate an amount of funds that you must maintain in your Operating Account or in a separate reserve account (“Reserve”) to secure the performance of your obligations under any agreement between you and FattmerchantIntegrity Business Partners. We may require a Reserve for any reason related to your use of the Services. The Reserve will be in an amount as reasonably determined by us to cover potential losses to FattmerchantIntegrity Business Partners. The Reserve may be raised, reduced or removed at any time by Fattmerchant, Integrity Business Partners Systems in its sole discretion, based on your payment history, a credit review, the amount of any arbitration award or court judgment against you in Fattmerchant’s Integrity Business Partners’ favor, or otherwise as Fattmerchant Integrity Business Partners or Acquirer may determine or require. If you do not have sufficient funds in your Reserve, we may fund the Reserve from any funding source associated the Services, including any funds (a) deposited by you, (B) due to you, or (c) available in your Operating Account, or other payment instruction registered with us. You authorize us to make any withdrawals on debits from the Reserve or your Operating Account, without prior notice to you, to collect amounts that you owe us. You shall have no ability to make withdrawals from the Reserve Account without the written consent of FattmerchantIntegrity Business Partners.