Common use of Reliance on Terms Clause in Contracts

Reliance on Terms. Section 1.1, 1.6, 1.7, 1.8 and 2.5 of this Agreement are agreed to for the benefit of Merchant, FUNDER, Processor, and Merchant’s bank and notwithstanding the fact that Processor and the bank is not a party of this Agreement, Processor and the bank may rely upon their terms and raise them as a defense in any action.

Appears in 4 contracts

Samples: Revenue Based Factoring (Clearday, Inc.), Revenue Purchase Agreement (Clearday, Inc.), Revenue Based Factoring (Clearday, Inc.)

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Reliance on Terms. Section 1.1, 1.6, 1.7, 1.8 and 2.5 of this Agreement are agreed to for the benefit of Merchant, FUNDERRCNY, Processor, and Merchant’s bank and notwithstanding the fact that Processor and the bank is not a party of this Agreement, Processor and the bank may rely upon their terms and raise them as a defense in any action.

Appears in 2 contracts

Samples: Revenue Purchase Agreement (PARTS iD, Inc.), Security Agreement and Guaranty (PARTS iD, Inc.)

Reliance on Terms. Section 1.1, 1.6, 1.7, 1.8 and 2.5 of this Agreement are agreed to for the benefit of Merchant, FUNDERVCG, Processor, and MerchantMer-chant’s bank and notwithstanding the fact that Processor and the bank is not a party of this Agreement, Processor and the bank may rely upon their terms and raise them as a defense in any action.. 1.10

Appears in 1 contract

Samples: Security Agreement (Ameriguard Security Services, Inc.)

Reliance on Terms. Section 1.1, 1 . 5 , 1.6, 1.7, 1.8 and 2.5 of this Agreement are agreed to for the benefit of Merchant, FUNDERBCP, Processor, and Merchant’s bank and notwithstanding the fact that Processor and the bank is not a party of this Agreement, Processor and the bank may rely upon their terms and raise them as a defense in any action.

Appears in 1 contract

Samples: Merchant Agreement (Mobiquity Technologies, Inc.)

Reliance on Terms. Section 1.1, 1.6, 1.7, 1.8 and 2.5 of this Agreement are agreed to for the benefit of Merchant, FUNDER, Processor, and Merchant’s bank and notwithstanding the fact that Processor and the bank is not a party of this Agreement, Processor and the bank may rely upon their terms and raise them as a defense in any action.. Initial: _________

Appears in 1 contract

Samples: Revenue Purchase Agreement (Clearday, Inc.)

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Reliance on Terms. Section 1.1, 1.6, 1.7, 1.8 and 2.5 1.9 of this Agreement are agreed to for the benefit of Merchant, FUNDER, Processor, Merchant and Merchant’s bank Guarantors banks, Customers and Account Debtors, as applicable and notwithstanding the fact that Processor and the bank is some of these parties are not a party of this Agreement, Processor and the bank they may rely upon their these terms and raise them as a defense in any action.

Appears in 1 contract

Samples: Revenue Purchase Agreement (Zerify, Inc.)

Reliance on Terms. Section 1.1, 1.6, 1.7, 1.8 and 2.5 of this Agreement are agreed to for the benefit of Merchant, FUNDERPurchaser, Processor, and Merchant’s bank and notwithstanding the fact that Processor and the bank is not a party of this Agreement, Processor and the bank may rely upon their terms and raise them as a defense in any action.

Appears in 1 contract

Samples: Revenue Purchase Agreement (Clearday, Inc.)

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