Common use of Rolling Reserve Clause in Contracts

Rolling Reserve. Company may not instruct Azimo to reverse any amount received into the Virtual Account. Azimo may request that Company provide additional funds as a buffer to protect against an insufficient balance, for example, last minute payroll changes, foreign exchange fluctuations, and volatility. This amount may be treated as a “Rolling Reserve,” meaning an amount of funds to cover potential risks of an insufficient balance in the Virtual Account for Pay Out transactions.