Right to Require Change of Approved Bank Account Sample Clauses

Right to Require Change of Approved Bank Account. Notwithstanding the foregoing provision, and even if you already have an Approved Bank Account, you acknowledge that Company may require you during the Payment Term to open and maintain a new account with a financial institution designated by Company, and you agree that, upon notice from Company, that you will promptly open a new account with the designated financial institution and that such account shall then become your Approved Bank Account. You further agree to execute all documents required to open the new Approved Bank Account including, if applicable, authorization for automatic payments from the new Approved Bank Account. You also agree to authorize integration of the Approved Bank Account with the Processing Agent Platform to permit Company to monitor your Earned Income, among other things. Deposit of all Earned Income into Approved Bank Account. You agree that during the Payment Term you shall, for the purposes of permitting the Company to verify your earnings, deposit all Earned Income received by you from any and all sources directly into your Approved Bank Account. If you are employed, you agree to take all necessary steps within your control, to cause your Employer to arrange for the direct deposit of all of your Earned Income to your Approved Bank Account. Your refusal or failure to establish the Approved Bank Account or to permit integration with the Processing Agent Platform shall not relieve you of any of your obligations under this Agreement and may result in reporting of adverse remarks to appropriate credit bureaus.
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