Common use of Financial Review Clause in Contracts

Financial Review. We reserve the right to request your financial statements and other applicable information in order to evaluate your ability to timely pay obligations. Your failure to fully comply with such request may result in immediate termination or suspension of all Payroll Services. During the time that you receive Payroll Services, if any payroll submitted for processing exceeds or is expected to exceed $100,000, you agree to assist us with and to provide such information as we may reasonably request in connection with our periodic reviews of your financial condition. You represent and warrant to us that all such information that you provide to us will be true, complete and correct. We will monitor your ability to timely meet your financial obligations to us and we reserve the right to alter your payroll payment terms, if we determine, whether through information provided by you, information available from to us from business relationship with you, or other credible independent third (3rd) party sources, that you are or are likely to become a credit risk to us.