Common use of Referral Process Clause in Contracts

Referral Process. Only the Company’s designee may attempt collection of any Account for which the Merchant has elected to invoke the Payment Guarantee and only the Company may assign to the Company’s designee. The Merchant may refer to the Company’s designee other delinquent Accounts not subject to the Payment Guarantee. In both situations, Company will assign the delinquent Account to its network of authorized collection service providers to meet Merchant needs. Merchant agrees to accept the terms and conditions of the assigned collection service provider which will work directly with Merchant. Merchant agrees that it shall receive no funds resulting from collection efforts of Accounts for which it has activated a Payment Guarantee, and that it shall receive the market value percentage of Company’s designated collection provider of any funds resulting from collection efforts of Accounts for which it has not activated a Payment Guarantee. Collected funds will be remitted by the authorized collection service provider.