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Common use of Closing of Accounts Clause in Contracts

Closing of Accounts. Merchant shall not close any Approved Account provided to Purchaser without Purchaser’s express prior written approval.

Appears in 4 contracts

Sources: Receivables Sale Agreement (Helio Corp /FL/), Receivables Sale Agreement (Bantec, Inc.), Receivables Sale Agreement (Amphitrite Digital Inc)

Related Clauses

  • Crediting of Accounts
  • Statement of Accounts
  • Sale of Accounts
  • Debit of Accounts
  • Settlement of Accounts

Parent Clauses

  • General Conditions
  • Representations, Warranties and Covenants
  • Conduct of Merchants Business
  • No Responsibility
  • GENERAL TERMS

Sub-Clauses

  • Limitations on Closing Your Account
  • Dormant and Deceased persons Accounts
  • How to Close Your Account
  • No Default or Event of Default exists
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