Common use of Update Notice Clause in Contracts

Update Notice. Member shall provide written notice to Nusenda of any changes to the information previously provided by Member to Nusenda, including, but not limited to, any additional locations, any change in business, any new business, the identity of principals and/or owners, the form of business organization, type of goods and services provided and method of conducting sales. Such notice must be received by Nusenda within 5 business days of the change. Member shall provide any additional information requested by Nusenda within 5 days of such request. Nusenda retains the right to: (i) review Member’s Checks, Files and business activities from time to time to confirm Member is conducting business as stated by Member at the time of the execution of this Agreement and (ii) re-price or terminate Remote Deposit / Mobile Deposit based on changes to information previously provided to Nusenda by Member.