Service Type. ▇▇▇▇▇▇▇▇ agrees to utilize EZCheck’s Electronic Check Transfer (ECT) Service as indicated by the Merchant’s initials, (initial only one) and solely for point of sale transactions at the location(s) listed in this Agreement. Guarantee. EZCheck shall purchase 100% of the face amount of the check, up to the Check Limit, for any approved ECT transaction that meets all Warranty Requirements and Representations on the reverse side of this Agreement. Merchant acknowledges that EZCheck shall establish the Check Limit as part of the New Account Information materials. EZCheck may, at its sole discretion, increase or decrease the Check Limit upon written notice. Non‐Guarantee. EZCheck shall have zero liability on any dishonored check accepted by ▇▇▇▇▇▇▇▇. ▇▇▇▇▇▇▇▇ agrees that there will be no payment for any loss from check transactions processed by EZCheck that are returned unpaid by either the Checkwriter’s bank or the ACH Network. ▇▇▇▇▇▇▇▇ agrees to be liable for all ECT transactions that are returned, dishonored, reversed or that cannot be collected through Checkwriter’s account and that are not subsequently covered by debit against Merchant Account. MERCHANT ACCEPTANCE This Agreement includes all of the terms and conditions contained on the front and back of this Agreement. This Agreement is not valid and binding until signed by an authorized manager of EZCheck. Merchant authorizes EZCheck or agent of EZCheck, or any credit reporting agency used by EZCheck, to make whatever inquiries that EZCheck deems appropriate to investigate, verify or research references, statements or data obtained from Merchant for the purpose of this application or any application for accompanying POS terminal(s) or equipment financing. Personal Guarantee: To induce and in consideration of EZCheck acceptance of this Agreement, the undersigned (herein referred to as “Guarantor”) unconditionally, personally, individually, jointly and severally guarantees performance of the Merchant’s obligations under this Agreement and payment of all sums due hereunder and ▇▇▇▇▇▇ continues to personally indemnify EZCheck for any and all funds due from Merchant under the terms of this Agreement. ▇▇▇ ▇▇▇▇▇/Credit Authorization: Merchant hereby authorizes EZCheck/Bank in accordance with this Agreement to initiate debit/credit entries to Merchant's Account, as indicated per the attached copy of a voided check from the Merchant. The authority is to remain in full force and effect until (a) EZCheck/Bank has received written notification from Merchant of its termination in such a manner as to afford EZCheck/Bank reasonable opportunity to act on it; and (b) all obligations of Merchant to EZCheck/Bank that have arisen under this Agreement have been paid in full.
Appears in 1 contract
Sources: Electronic Check Terms & Conditions
Service Type. ▇▇▇▇▇▇▇▇ Merchant agrees to utilize EZCheck’s Electronic Check Transfer (ECT) Service as indicated by the Merchant’s initials, (initial only one) and solely for point of sale transactions at the location(s) listed in this Agreement. Guarantee. EZCheck shall purchase 100% of the face amount of the check, up to the Check Limit, for any approved ECT transaction that meets all Warranty Requirements and Representations on the reverse side of this Agreement. Merchant acknowledges that EZCheck shall establish the Check Limit as part of the New Account Information materials. EZCheck may, at its sole discretion, increase or decrease the Check Limit upon written notice. Non‐Guarantee. EZCheck shall have zero liability on any dishonored check accepted by ▇▇▇▇▇▇▇▇Merchant. ▇▇▇▇▇▇▇▇ Merchant agrees that there will be no payment for any loss from check transactions processed by EZCheck that are returned unpaid by either the Checkwriter’s bank or the ACH Network. ▇▇▇▇▇▇▇▇ Merchant agrees to be liable for all ECT transactions that are returned, dishonored, reversed or that cannot be collected through Checkwriter’s account and that are not subsequently covered by debit against Merchant Account. MERCHANT ACCEPTANCE This Agreement includes all of the terms and conditions contained on the front and back of this Agreement. This Agreement is not valid and binding until signed by an authorized manager of EZCheck. Merchant authorizes EZCheck or agent of EZCheck, or any credit reporting agency used by EZCheck, to make whatever inquiries that EZCheck deems appropriate to investigate, verify or research references, statements or data obtained from Merchant for the purpose of this application or any application for accompanying POS terminal(s) or equipment financing. Personal Guarantee: To induce and in consideration of EZCheck acceptance of this Agreement, the undersigned (herein referred to as “Guarantor”) unconditionally, personally, individually, jointly and severally guarantees performance of the Merchant’s obligations under this Agreement and payment of all sums due hereunder and ▇▇▇▇▇▇ hereby continues to personally indemnify EZCheck for any and all funds due from Merchant under the terms of this Agreement. ▇▇▇ ▇▇▇▇▇/Credit ACH Debit/Credit Authorization: Merchant hereby authorizes EZCheck/Bank in accordance with this Agreement to initiate debit/credit entries to Merchant's Account, as indicated per the attached copy of a voided check from the Merchant. The authority is to remain in full force and effect until (a) EZCheck/Bank has received written notification from Merchant of its termination in such a manner as to afford EZCheck/Bank reasonable opportunity to act on it; and (b) all obligations of Merchant to EZCheck/Bank that have arisen under this Agreement have been paid in full.
Appears in 1 contract
Sources: Merchant Payment Card Agreement
Service Type. ▇▇▇▇▇▇▇▇ agrees to utilize EZCheck’s Electronic Check Transfer (ECT) Service as indicated by the Merchant’s initials, (initial only one) and solely for point of sale transactions at the location(s) listed in this Agreement. Guarantee. EZCheck shall purchase 100% of the face amount of the check, up to the Check Limit, for any approved ECT transaction that meets all Warranty Requirements and Representations on the reverse side of this Agreement. Merchant acknowledges that EZCheck shall establish the Check Limit as part of the New Account Information materials. EZCheck may, at its sole discretion, increase or decrease the Check Limit upon written notice. Non‐Guarantee. EZCheck shall have zero liability on any dishonored check accepted by ▇▇▇▇▇▇▇▇. ▇▇▇▇▇▇▇▇ agrees that there will be no payment for any loss from check transactions processed by EZCheck that are returned unpaid by either the Checkwriter’s bank or the ACH Network. ▇▇▇▇▇▇▇▇ agrees to be liable for all ECT transactions that are returned, dishonored, reversed or that cannot be collected through Checkwriter’s account and that are not subsequently covered by debit against Merchant Account. MERCHANT ACCEPTANCE This Agreement includes all of the terms and conditions contained on the front and back of this Agreement. This Agreement is not valid and binding until signed by an authorized manager of EZCheck. Merchant authorizes EZCheck or agent of EZCheck, or any credit reporting agency used by EZCheck▇▇▇▇▇▇▇, to make whatever inquiries that EZCheck deems appropriate to investigate, verify or research references, statements or data obtained from Merchant for the purpose of this application or any application for accompanying POS terminal(s) or equipment financing. Personal Guarantee: To induce and in consideration of EZCheck acceptance of this Agreement, the undersigned (herein referred to as “Guarantor”) unconditionally, personally, individually, jointly and severally guarantees performance of the Merchant’s obligations under this Agreement and payment of all sums due hereunder and ▇▇▇▇▇▇ continues to personally indemnify EZCheck for any and all funds due from Merchant under the terms of this Agreement. ▇▇▇ ▇▇▇▇▇/Credit Authorization: Merchant hereby authorizes EZCheck/Bank in accordance with this Agreement to initiate debit/credit entries to Merchant's Account, as indicated per the attached copy of a voided check from the Merchant. The authority is to remain in full force and effect until (a) EZCheck/Bank has received written notification from Merchant of its termination in such a manner as to afford EZCheck/Bank reasonable opportunity to act on it; and (b) all obligations of Merchant to EZCheck/Bank that have arisen under this Agreement have been paid in full.
Appears in 1 contract
Sources: Electronic Check Agreement