Common use of Credit Checks; Exchange of Information Clause in Contracts

Credit Checks; Exchange of Information. Merchant and each Guarantor, respectively, authorize Teleflora to obtain one or more credit reports, from time to time, on Merchant (or any owner, proprietor, shareholder, partner, member, manager, officer, or director of Merchant) and each Guarantor (or any owner, proprietor, shareholder, partner, member, manager, officer, or director of such Guarantor) for the purpose of establishing, updating or renewing the business relationship with Teleflora hereunder or in the event of a dispute between Teleflora (or any other Teleflora Party) and Merchant or such Guarantor relating to this Agreement. Merchant and each Guarantor, respectively, further authorize Teleflora to exchange information, including, without limitation, information relating to any default of this Agreement, from time to time, as Teleflora may deem necessary or desirable, about Merchant (or any owner, proprietor, shareholder, partner, member, manager, officer, or director of Merchant) and such Guarantor (or any owner, proprietor, shareholder, partner, member, manager, officer, or director of such Guarantor) with financial institutions, credit card associations, network organizations, credit bureaus and any other third party, without liability to Teleflora whatsoever. Upon the reasonable written request of the person or entity that is the subject of any credit report obtained by Teleflora pursuant to its rights hereunder, Teleflora will provide to such person or entity the name and address of the credit reporting agency furnishing such credit report.