Return of Overages. Customer agrees that, as of the Effective Date of this Agreement, the Daily Amount represents the parties’ best estimate of the amount of Future Receipts that Purchaser is entitled to collect each Business Day in order to collect the Monthly Percentage of Future Receipts each month. Customer agrees that it is impossible for Purchaser to know the exact amount of Customer’s Future Receipts in any given calendar month without first obtaining such information from Customer. Customer therefore agrees to notify Purchaser if the Daily Amounts collected by or delivered to Purchaser during any given calendar month exceed the Monthly Percentage of Future Receipts actually generated during that calendar month (“Overage”) by sending the complete bank statement for the Approved Account for that calendar month and any other information with respect to Customer’s business that Purchaser may reasonably require to Purchaser’s designated email address (reconciliation@ fxxxxxxxxxxxxxxx.xxx) (the “Designated Email”) by the 30th day of the following month (“Reconciliation Notice”). If Customer provides a timely Reconciliation Notice to Purchaser at the Designated Email, and Purchaser confirms there is an Overage, then Purchaser will reconcile Customer’s Approved Account by initiating an ACH credit to the Approved Account in an amount equal to the Overage (“Monthly Reconciliation”) within ten (10) Business Days of receiving the Reconciliation Notice. If Customer does not provide a timely Reconciliation Notice to the Designated Email, Customer will have waived its rights to any Monthly Reconciliation for that calendar month.
