Common use of Credit Evaluation Clause in Contracts

Credit Evaluation. a. In connection with the Accountholder’s application for participation in the Purchase Program, Accountholder hereby authorizes TreviPay and its employees, lawyers, agents, assigns, and successors to obtain from, and share with, Merchant any information Accountholder provides to TreviPay, Merchant through any means (including in connection with the Accountholder’s application for an Account), and investigate the Accountholder’s credit history in connection with Accountholder’s application, including obtaining commercial credit reports on the Accountholder. This credit history investigation may include, without limitation, inquiries to commercial reporting companies and direct inquiries to businesses where Accountholder has accounts. If TreviPay determines that credit cannot be extended based on existing credit history or current credit events, then TreviPay, in its sole and absolute discretion, may approve an Account creation by requiring a security deposit, guaranty, or other collateral in order to open or to continue the Account. The Accountholder authorizes TreviPay to share with Merchant whether its application for credit has been approved. b. If TreviPay approves the Accountholder’s application for credit, the Accountholder authorizes TreviPay to perform periodic credit history investigations and to periodically obtain additional commercial reports on the Accountholder to determine whether the Accountholder continues to meet the requirements for an Account.

Credit Evaluation. a. In connection with the Accountholder’s application for participation in the Purchase Program, Accountholder hereby authorizes TreviPay and its employees, lawyers, agents, assigns, and successors to obtain from, and share with, Merchant any information Accountholder provides to TreviPay, Merchant through any means (including in connection with the Accountholder’s application for an Account), and investigate the Accountholder’s credit history in connection with Accountholder’s application, including obtaining commercial credit reports on the Accountholder. This credit history investigation may include, without limitation, inquiries to commercial reporting companies companies, and direct inquiries to businesses where Accountholder has accounts. If TreviPay determines that credit cannot be extended based on existing credit history or current credit events, then TreviPay, in its sole and absolute discretion, may approve an Account creation by requiring a security deposit, guaranty, or other collateral in order to open or to continue the Account. The Accountholder authorizes TreviPay to share with Merchant whether its application for credit has been approved. b. If TreviPay approves the Accountholder’s application for credit, the Accountholder authorizes TreviPay to perform periodic credit history investigations and to periodically obtain additional commercial reports on the Accountholder to determine whether the Accountholder continues to meet the requirements for an Account.