Common use of Treasury Services Clause in Contracts

Treasury Services. For a period of up to three (3) months, SPX shall permit Flowco-designated persons to use the SPX “company profile” in the applicable online banking systems to the extent necessary for access to the bank accounts of the members of the Flowco Group or any related processing/payment services. SPX may limit or discontinue access to selected Flowco-designated persons at any time in its reasonable discretion. Flowco will reimburse SPX for costs incurred for any such Treasury-related services provided by a third party.

Appears in 3 contracts

Sources: Transition Services Agreement, Transition Services Agreement, Transition Services Agreement (SPX Corp)