Common use of Future Delivery Clause in Contracts

Future Delivery. You will not present any Sales Draft or other memorandum to Bank for processing “whether by electronic means” which relates to the sale of goods or services for future delivery without EVO or Bank’s, prior written authorization. Such consent will be subject to Bank’s final approval. If EVO or Bank have given such consent, you represent and warrant to EVO and Bank 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.