Common use of Future Delivery Clause in Contracts

Future Delivery. You will not present any Sales Draft or other memorandum to Member Bank or Processor for processing (whether by electronic means or otherwise) which relates to the sale of goods or services for future delivery without Processor’s prior written authorization. If Member Bank or Processor have previously given such consent, you represent and warrant to Member Bank and Processor that you will not rely on any proceeds or credit resulting from such transactions to purchase or furnish goods or services. You will maintain sufficient working capital to provide for the delivery of goods or services at the agreed upon future date independent of any credit or proceeds resulting from Sales Drafts or other memoranda taken in connection with future delivery transactions.

Appears in 18 contracts

Samples: Merchant Processing Agreement Terms and Conditions, Merchant Processing Agreement Terms and Conditions, Merchant Processing Agreement Terms and Conditions

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Future Delivery. You will not present any Sales Draft or other memorandum to Member Bank or Processor for processing (whether by electronic means or otherwise) which that relates to the sale of goods or services for future delivery (including without Processor’s limitation deposits) without prior written authorizationauthorization from Processor. If Member Bank or Processor have previously has given such written consent, you You represent and warrant to Member Bank and Processor that you You will not rely on any proceeds or credit resulting from such transactions to purchase or furnish goods or services. You will maintain sufficient working capital to provide for the delivery of goods or services at the agreed upon future date date, independent of any credit or proceeds resulting from Sales Drafts or other memoranda taken in connection with future delivery transactions.

Appears in 2 contracts

Samples: Terms and Conditions, Terms and Conditions

Future Delivery. You will not present any Sales Draft or other memorandum to Member Bank or Processor for processing (whether by electronic means or otherwise) which that relates to the sale of goods or services for future delivery (including, without Processor’s limitation, deposits) without prior written authorizationauthorization from Processor. If Member Bank or Processor have previously has given such written consent, you You represent and warrant to Member Bank and Processor that you You will not rely on any proceeds or credit resulting from such transactions to purchase or furnish goods or and services. You will maintain sufficient working capital to provide for the delivery of goods or services at the agreed upon future date date, independent of any credit or proceeds resulting from Sales Drafts or other memoranda taken in connection with future delivery transactions.

Appears in 1 contract

Samples: Terms and Conditions

Future Delivery. You will not present any Sales Draft or other memorandum to Member Bank or Processor for processing (whether by electronic means or otherwise) which that relates to the sale of goods or services for future delivery (including, without Processor’s limitation, deposits) without prior written authorizationauthorization from Processor. If Member Bank or Processor have previously has given such written consent, you You represent and warrant to Member Bank and Processor that you You will not rely on any proceeds or credit resulting from such transactions to purchase or furnish goods or and services, other than the goods and services being acquired by the Cardholder pursuant to the transaction. You will maintain sufficient working capital to provide for the delivery of goods or services at the agreed upon future date date, independent of any credit or proceeds resulting from Sales Drafts or other memoranda taken in connection with future delivery transactions.

Appears in 1 contract

Samples: Terms and Conditions

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Future Delivery. You will not present any Sales Draft or Draftor other memorandum to Member Bank or Processor for processing (whether by electronic means or otherwise) which that relates to the sale of goods or services for future delivery (including without Processor’s limitation deposits) without prior written authorizationauthorization from Processor. If Member Bank or Processor have previously has given such written consent, you You represent and warrant to Member Bank and Processor that you You will not rely on any proceeds or credit resulting from such transactions to purchase or furnish goods or services. You will maintain sufficient working capital to provide for the delivery of goods or services at the agreed upon future date independent of date, independentof any credit or proceeds resulting from Sales Drafts or other memoranda taken in connection with future delivery transactions.

Appears in 1 contract

Samples: Terms and Conditions

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