Common use of Third Party Appointment and Authorization Clause in Contracts

Third Party Appointment and Authorization. By signing below, Merchant acknowledges that Purchaser may, at any time, at Purchaser’s sole discretion, and without prior notice, appoint a third party, which may be an affiliate of Purchaser, including, without limitation, Kinetic Direct Funding, LLC (such third party being the “Servicing Agent”) to perform any or all of the actions authorized by the ACH Authorization and the Agreement. Mxxxxxxx further agrees and acknowledges that Servicing Agent shall have all of the same rights, responsibilities, and authorizations granted to Purchaser by the ACH Authorization and the Agreement. For purposes of clarity, any Servicing Agent may perform any and all activities to service the Agreement, including the collection of Future Receipts (as set forth above) and fees, as if it was the Purchaser.

Appears in 6 contracts

Samples: Agreement of Sale of Future Receipts (Sky Quarry Inc.), Agreement of Sale of Future Receipts (Sky Quarry Inc.), Agreement of Sale of Future Receivables (Sky Quarry Inc.)

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Third Party Appointment and Authorization. By signing below, Merchant acknowledges that the Purchaser may, at any time, at Purchaser’s sole discretion, and without prior notice, appoint a third party, which may be an affiliate of Purchaserincluding but not limited to its wholly owned subsidiaries, including, without limitation, Kinetic Direct Funding, LLC LLC. (such third party being herein referred to as the “Servicing Agent”) to perform any any, or all all, of the actions authorized by the ACH Authorization and the Agreement. Mxxxxxxx Merchant further agrees and acknowledges that Servicing Agent shall have all of the same rights, responsibilities, and authorizations granted to Purchaser by the ACH Authorization and the Agreement. For purposes of clarity, any Servicing Agent may perform any and all activities to service the Agreement, including the collection of Funds Arising from Future Receipts (as set forth above) and fees), as if it was the Purchaser.

Appears in 3 contracts

Samples: Agreement of Sale of Future Receivables (Vystar Corp), Agreement of Sale of Future Receipts (1847 Holdings LLC), Agreement of Sale of Future Receipts (SHARING SERVICES GLOBAL Corp)

Third Party Appointment and Authorization. By signing below, Merchant acknowledges that Purchaser may, at any time, at Purchaser’s 's sole discretion, and without prior notice, appoint a third party, which may be an affiliate of Purchaser, including, without limitation, Kinetic Direct Funding, LLC (such third party being the “Servicing Agent”) to perform any or all of the actions authorized by the ACH Authorization and the Agreement. Mxxxxxxx further agrees and acknowledges that Servicing Agent shall have all of the same rights, responsibilities, and authorizations granted to Purchaser by the ACH Authorization and the Agreement. For purposes of clarity, any Servicing Agent may perform any and all activities to service the Agreement, including the collection of Future Receipts (as set forth above) and fees, as if it was the Purchaser.

Appears in 2 contracts

Samples: Agreement of Sale of Future Receipts (Sky Quarry Inc.), Agreement of Sale of Future Receipts (Sky Quarry Inc.)

Third Party Appointment and Authorization. By signing below, Merchant Seller acknowledges that the Purchaser may, at any time, at Purchaser’s sole discretion, and without prior notice, appoint a third party, which may be an affiliate of Purchaserincluding but not limited to its wholly owned subsidiaries, including, without limitation, Kinetic Direct Funding, LLC Secure Business Servicing (such third party being herein referred to as the “Servicing Agent”) to perform any any, or all all, of the actions authorized by the ACH Authorization and the Agreement. Mxxxxxxx Sxxxxx further agrees and acknowledges that Servicing Agent shall have all of the same rights, responsibilities, and authorizations granted to Purchaser by the ACH Authorization and the Agreement. For purposes of clarity, any Servicing Agent may perform any and all activities to service the Agreement, including the collection of Funds Arising from Future Receipts (as set forth above) and fees), as if it was the Purchaser.

Appears in 1 contract

Samples: Future Receipts Sale and Purchase Agreement (Amphitrite Digital Inc)

Third Party Appointment and Authorization. By signing below, Merchant acknowledges that Purchaser may, at any time, at Purchaser’s sole discretion, and without prior notice, appoint a third party, which may be an affiliate of Purchaser, including, without limitation, Kinetic Direct Funding, LLC (such third party being the “Servicing Agent”) to perform any or all of the actions authorized by the ACH Authorization and the Agreement. Mxxxxxxx Merchant further agrees and acknowledges that Servicing Agent shall have all of the same rights, responsibilities, and authorizations granted to Purchaser by the ACH Authorization and the Agreement. For purposes of clarity, any Servicing Agent may perform any and all activities to service the Agreement, including the collection of Future Receipts (as set forth above) and fees, as if it was the Purchaser.

Appears in 1 contract

Samples: Agreement of Sale of Future Receivables (Clearday, Inc.)

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Third Party Appointment and Authorization. By signing below, Merchant acknowledges that Purchaser may, at any time, at Purchaser’s 's sole discretion, and without prior notice, appoint a third party, which may be an affiliate of Purchaser, including, without limitation, Kinetic Direct Funding, LLC (such third party being the "Servicing Agent") to perform any or all of the actions authorized by the ACH Authorization and the Agreement. Mxxxxxxx further agrees and acknowledges that Servicing Agent shall have all of the same rights, responsibilities, and authorizations granted to Purchaser by the ACH Authorization and the Agreement. For purposes of clarity, any Servicing Agent may perform any and all activities to service the Agreement, including the collection of Future Receipts (as set forth above) and fees, as if it was the Purchaser.

Appears in 1 contract

Samples: Agreement of Sale of Future Receipts (Sky Quarry Inc.)

Third Party Appointment and Authorization. By signing below, Merchant acknowledges that the Purchaser may, at any time, at Purchaser’s 's sole discretion, and without prior notice, appoint a third party, which may be an affiliate of Purchaserincluding but not limited to its wholly owned subsidiaries, including, without limitation, Kinetic Direct Funding, LLC LLC. (such third party being herein referred to as the "Servicing Agent") to perform any any, or all all, of the actions authorized by the ACH Authorization and the Agreement. Mxxxxxxx Merchant further agrees and acknowledges that Servicing Agent shall have all of the same rights, responsibilities, and authorizations granted to Purchaser by the ACH Authorization and the Agreement. For purposes of clarity, any Servicing Agent may perform any and all activities to service the Agreement, including the collection of Funds Arising from Future Receipts (as set forth above) and fees), as if it was the Purchaser.

Appears in 1 contract

Samples: Agreement of Sale of Future Receipts (Sharing Services, Inc.)

Third Party Appointment and Authorization. By signing below, Merchant acknowledges that Purchaser may, at any time, at Purchaser’s 's sole discretion, and without prior notice, appoint a third party, which may be an affiliate of Purchaser, including, without limitation, Kinetic Direct Funding, LLC (such third party being the "Servicing Agent") to perform any or all of the actions authorized by the ACH Authorization and the Agreement. Mxxxxxxx Agreement Merchant further agrees and acknowledges that Servicing Agent shall have all of the same rights, responsibilities, and authorizations granted to Purchaser by the ACH Authorization and the Agreement. For purposes of clarity, any Servicing Agent may perform any and all activities to service the Agreement, including the collection of Future Receipts (as set forth above) and fees, as if it was the Purchaser.

Appears in 1 contract

Samples: Agreement of Sale of Future Receivables (Marpai, Inc.)

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