ACH Agreement

BUYER’S AUTHORIZATION FOR
AUTHORIZED CLEARING HOUSE (ACH)
PAYMENTS TO SELLER(S)


Buyer hereby authorizes MS Innovations & Solutions LLC, DBA National Coverage or its assigns (Seller(s)), to initiate debit entries to its checking account indicated below at the depository financial institution named below, hereinafter referred to as “Depository”. Buyer acknowledges that the origination of ACH transactions to Buyer’s account must comply with the laws of the United States and the State of North Carolina.


Bank Information

Buyer acknowledges that its ACH payment and date will change from one payment to the next depending upon the amount of products purchased from Seller(s) by Buyer.

This authorization is to remain in full force and effect until Seller(s) has received written notification from Buyer of its termination in such time and in such manner as to afford Seller(s) and Depository a reasonable opportunity to act on such termination.

If an ACH debit is returned to Seller(s) for non-sufficient funds from the depository it shall be the sole responsibility of the Buyer to immediately make payment by wire transfer or direct deposit to Seller(s). In addition to the amount of the returned ACH, Buyer shall pay to Seller(s) a $35.00 penalty due with said wire transfer or direct deposit.



ACH Agreement

BUYER’S AUTHORIZATION FOR
AUTHORIZED CLEARING HOUSE (ACH)
PAYMENTS TO SELLER(S)


Buyer hereby authorizes VAST Telecom LLC or its assigns (Seller(s)), to initiate debit entries to its checking account indicated below at the depository financial institution named below, hereinafter referred to as “Depository”. Buyer acknowledges that the origination of ACH transactions to Buyer’s account must comply with the laws of the United States and the State of Georgia.


Bank Information

Buyer acknowledges that its ACH payment and date will change from one payment to the next depending upon the amount of products purchased from Seller(s) by Buyer.

This authorization is to remain in full force and effect until Seller(s) has received written notification from Buyer of its termination in such time and in such manner as to afford Seller(s) and Depository a reasonable opportunity to act on such termination.

If an ACH debit is returned to Seller(s) for non-sufficient funds from the depository it shall be the sole responsibility of the Buyer to immediately make payment by wire transfer or direct deposit to Seller(s). In addition to the amount of the returned ACH, Buyer shall pay to Seller(s) a $35.00 penalty due with said wire transfer or direct deposit.



Personal Guaranty

  1. Whereas the Buyer has requested the privilege of purchasing from VAST Telecom LLC or its assigns (Seller(s)) and be allowed to make payment of such purchases by the means of an ACH Transfer. In consideration of the above mentioned request and as inducement to Seller(s) to extend such privileges’ to the Buyer, the Guarantor hereby unconditionally guarantees the performance of the Buyer under the terms of this Personal Guarantee.

  2. The Guarantor acknowledges that he/she has full knowledge of this process of collecting funds through an ACH Transfer as well as the additional terms and conditions as set out in the ACH Agreement and herein incorporated by this reference.

  3. Upon default by the Buyer to pay for any PIN’s, RTR’s, Phones or other products purchased by the Buyer or satisfy any outstanding balance owed to Seller(s), the Guarantor shall assume full responsibility for the payment of any outstanding balance owed by the Buyer to Seller(s) and Seller(s) shall not be obliged to seek recourse against the Buyer prior to enforcing his /her rights under this Guaranty. The Guarantor further undertakes to pay Seller(s) upon written demand all monies due from and not paid by the Buyer.

  4. The Guarantor agrees to remain fully bound until all monies due under this Personal Guarantee have been paid in full and waives all rights of subrogation and set-off. The Guarantor further waives all defenses based on surety ship or impairment of collateral.

  5. In the event of default by the Guarantor, all reasonable legal fees, collection and enforcement charges to the extent permissible by law, in addition to other amounts due, shall be payable by the Guarantor.

  6. No relaxation, indulgence, waiver, release or concession extended to the Buyer by Seller(s) and no delay or omission in the enforcement of payment or exercising of any Seller(s) rights shall affect the liability of the Guarantor under this guaranty.

  7. This guaranty shall be binding upon and accrue to the benefit of the parties, their successors, legal representatives and assigns.

  8. Seller(s) shall have no liability for any loss or damages caused by any force majure or any cause beyond the reasonable control of the Seller(s).

  9. This guaranty shall be construed, interpreted and governed in accordance with the laws of the State of Georgia and should any provision of this guaranty be judged by an appropriate court of law as invalid, it shall not affect any of the remaining provisions whatsoever. Any disputes arising out of or in connection with this Agreement or the interpretation thereof shall be submitted to a court of competent jurisdiction in the County of Laurens in the State of Georgia. The parties hereto consent to such venue and to the jurisdiction of those courts for purposes of the resolution of any such dispute whether civil or criminal.

  10. In the event that Seller(s) must employ legal counsel to defend against actions arising from the contract, or if Seller(s) must employ legal counsel to enforce any of the terms and conditions set forth in this contract, then Buyer/Distributor understands and agrees that Seller(s) will be entitled to recoup attorney’s fees from Buyer/Distributor at a rate of $200.00 per hour, but not less than $500.00 per incident.


Please provide a copy of the following:
  • Copy of State Sales Tax Certificate
  • Copy of Federal Tax ID (EIN)
  • Copy of Driver’s License
  • Copy of Voided Check

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