Forex Optionen Grundlagen Verstehen Optionen Optionen sind in der Regel mit der Börse verbunden, aber der Devisenmarkt verwendet auch diese Derivate im Handel. Es gibt Händler die Möglichkeit, Geld auf ein Risiko, das er für sich gesetzt hat. Um dieses Konzept besser zu verstehen, verwenden wir das Beispiel für den Kauf eines Autos. Wenn Sie einen Vertrag halten, der erfordert, dass Sie ein bestimmtes Auto am 1. Mai zu einem Preis von 1.500 kaufen können, haben Sie eine Option, das Auto zu kaufen. Diese Option stellt sicher, dass, wenn der Wert des Autos zum vorgegebenen Zeitpunkt des Kaufs (in diesem Fall am 1. Mai) erhöht wird, dann werden Sie davon profitieren, weil Sie das Auto an eine andere Person für mehr als die Menge verkaufen können, die Sie ursprünglich bezahlt haben . Auf der anderen Seite, wenn der Wert des Autos von der ursprünglichen Menge abnimmt, wäre es nicht vorteilhaft, das Auto zu kaufen. Die Option gibt Ihnen das Recht zu kaufen, in diesem Fall das Auto, aber nicht die Verantwortung, dafür zu bezahlen, wenn Sie nicht möchten. Dies verringert die Risiken für den Händler erheblich. Es gibt grundsätzlich zwei Arten von Optionen für Einzelhändler. Dazu gehören die traditionelle Call-Option und der Single Payment Option Trading (SPOT). Arten von Forex-Optionen Traditionelle Option Die traditionelle Call-Option funktioniert sehr ähnlich wie die Aktienoption. Es gibt dem Käufer das Recht (aber nicht die Verpflichtung), vom Optionsverkäufer zu einem bestimmten Zeitpunkt und Preis zu kaufen. Zum Beispiel kann ein Händler die Option kaufen, vier Lose EURUSD für einen bestimmten Monat bei 1.4000 zu kaufen (dieser Vertrag wird als EUR callUSD bezeichnet). Denken Sie daran, dass in den Optionen-Markt, kaufen Sie einen Anruf und ein Put zur gleichen Zeit. Liegt der Kurs des EURUSD unter 1,4000, so verliert der Käufer die Prämie. Aber wenn der EURUSD auf 1,6000 ansteigt, kann der Käufer die Option nutzen und die vier Lose für den vereinbarten Betrag gewinnen und mit Gewinn verkaufen. Die Forex-Option werden über den Zähler gehandelt. Aus diesem Grund können Forex Händler einfach wählen Sie den Preis und das Datum ihrer bevorzugten Option. Sie erhalten ein Angebot über die Prämie, die sie zahlen müssen, um die Option zu erhalten. Es gibt zwei Arten von traditionellen Optionen zur Verfügung heute: American Style Option Kann an jedem Punkt verwendet werden, bis zum Ablaufdatum European Style Option Kann nur am Ende des Verfalls verwendet werden Wahrscheinlich ist der Hauptvorteil der traditionellen Call-Option über sein Gegenstück die Tatsache, dass Es erfordert niedrigere Prämie. Darüber hinaus, weil die amerikanischen Stil-Option ermöglicht es, auch vor dem Ablauf gehandelt werden, gewinnen Forex-Händler mehr Flexibilität. Auf der Kehrseite, sind traditionelle Optionen erfordert mehr Arbeit zu setzen und ausführen im Vergleich zu SPOT-Optionen. Single Payment Options Trading (SPOT) SPOT Optionen haben fast das gleiche Konzept wie traditionelle Optionen. Der Hauptunterschied ist, dass der Forex Trader zuerst ein Szenario (UERUSD wird 1.4000 in 2 Wochen brechen), bekommt eine Prämie und erhalten dann Bargeld, wenn sein Szenario auftritt. SPOT-Handel konvertiert die Option, automatisch zu bezahlen, wenn Ihr Trade erfolgreich ist. Diese Art von Option ist sehr einfach zu handeln, weil es nur erfordert, dass Sie ein Szenario eingeben und dann auf die Ergebnisse warten. Im Wesentlichen, wenn Ihr Szenario spielt, erhalten Sie Bargeld. Aber wenn es falsch ist, werden Sie den Verlust der Prämie Schulter. Ein weiterer Vorteil der SPOT-Option ist es ermöglicht eine breite Palette von Optionen für den Händler. Er kann wählen, das genaue Szenario, dass er denkt, wird auszuspielen. Der Hauptnachteil der SPOT-Prämie ist, dass sie höher ist. Im Allgemeinen kostet es deutlich mehr als sein Gegenstück. Vorteile und Nachteile von SPOT-Optionen Vorteile: Es gibt eine Menge Gründe, warum SPOT-Optionen an viele Investoren und Devisenhändler appellieren. Zu seinen vielen Vorteilen gehören: Finanzrisiken ist auf die Prämie beschränkt (die Zahlung, um die Option zu kaufen) Unbegrenzte Gewinnpotenzial Der Händler setzt den Preis und das Datum Benötigt weniger Geld vorne im Vergleich zu den Spot-Forex-Position Die Option kann gegen Bargeld abzusichern Positionen und Limitrisiken Optionen bieten die Möglichkeit, auf Prognosen über zukünftige Marktbewegungen zu handeln, ohne das Risiko eines Verlustes einer Menge von Kapital SPOT Optionen bieten eine Menge von Optionen einschließlich Standard-Optionen, One-Touch-SPOT, No-Touch-SPOT, Digital SPOT, Double One-Touch-SPOT und Double-Touch-SPOT. Nachteile: Aber wenn Optionen haben alle diese Vorteile, warum ist nicht jeder in dieser Art von Devisenhandel Es ist wichtig zu erkennen, dass es auch seine Nachteile hat. Die Prämie variiert je nach dem Datum der Option und dem Ausübungspreis. Aus diesem Grund schwankt das Risiko-Risiko-Verhältnis und SPOT-Optionen dürfen nicht gehandelt werden. Sobald Sie es kaufen, können Sie es nicht verkaufen Es ist schwierig, vorherzusagen, wann und zu welchem Preis sich der Markt bewegen wird Was den Optionspreis bestimmt Wie oben erwähnt, kann der Prämienpreis aufgrund von mehreren Faktoren variieren. Dies ist der Grund, warum das Risiko-Verhältnis von Devisenhandel Optionen variiert. Einige der Faktoren, die den Preis bestimmen sind: Intrinsic Value Dies ist der aktuelle Preis der Option, wenn es verwendet wurde. Die Position dieses Kurses gegen den Ausübungspreis kann auf drei Arten beschrieben werden, zB im Geld (wenn der Ausübungspreis höher ist als der aktuelle Wert), aus Geld (der Basispreis ist niedriger als der aktuelle Wert) Das Geld (der Ausübungspreis und der aktuelle Wert liegen auf dem gleichen Niveau). Zeitwert Dies spiegelt die Unsicherheit der Marktbewegungen im Laufe der Zeit wider. Im Allgemeinen, je länger der Zeitraum der Option, desto höher der Preis, den Sie zahlen müssen. Zinsdifferential Eine Änderung der Zinssätze hat Auswirkungen auf die Beziehung zwischen dem Basispreis und dem aktuellen Marktwert. Dieses Differential ist oft in der Prämie als Teil des Zeitwerts enthalten. Volatilität Hohe Volatilität erhöht die Wahrscheinlichkeit, dass der Marktpreis den Ausübungspreis in einem bestimmten Zeitraum erreicht. Volatilität ist oft als Teil des Zeitwerts enthalten. Gewöhnlich verlangen volatile Währungen höhere Prämien. 4x Optionen Fazit Optionen bieten eine weitere Möglichkeit für Händler, einen Gewinn mit niedrigeren Risiken zu machen. Forex-Optionen sind insbesondere in Zeiten der politischen Unsicherheit, wichtige wirtschaftliche Entwicklungen und erhebliche Volatilität vorherrschend. Es ist bis zu dem Händler, ob er die Chance nutzen, die von Devisenoptionen angeboten wird oder nicht. Finanztransaktionen in einem gesicherten Umfeld 8211 der Eckpfeiler eines Trustworthy Broker UK Optionen ist verpflichtet, die höchste Sicherheit bei der Verarbeitung Ihrer Zahlungen. Einzahlungen können durch eine Reihe von sicheren und seriösen Zahlungsmittel, in einer Vielzahl von verschiedenen Währungen gemacht werden. Bei der Abhebung werden die Gelder in der Währung Ihrer Wahl auf Ihr Konto überwiesen und über die Ihnen am besten geeignete Methode. Das hält den Prozess einfach, sicher und schnell. Einzahlungs - und Auszahlungsmethoden: Einzahlungen und Auszahlungen Maestro online erfordert 3D Secure für die Authentifizierung, so dass Sie sich bei Ihrer Bank für einen 3D-Code registrieren müssen, bevor Sie eine Maestro-Einzahlung tätigen. Einzahlungen und Auszahlungen Enthält Visa Electron und Visa Debit, wenn diese Karten international sind. Einzahlungen und Abhebungen Einzahlungen und Abhebungen Durch NETELLER können Sie mit: VISA Electron, MasterCard Debit, Ukash und PaySafe einzahlen. Einzahlungen und Abhebungen Einzahlungen und Abhebungen Einzahlungen und Abhebungen Je nach Bankinstitut können zusätzliche Gebühren für Überweisungen und internationale Überweisungen entstehen. Bitte überprüfen Sie diese Gebühren direkt bei Ihrer Bank. Risikoverteilung: Der Binäroptionshandel ist mit einem erheblichen Risiko behaftet. Wir empfehlen Ihnen dringend, unsere Allgemeinen Geschäftsbedingungen zu lesen. Obwohl das Risiko beim Handel von binären Optionen für jeden einzelnen Handel festgelegt ist, sind die Trades live und es ist möglich, eine anfängliche Investition zu verlieren, insbesondere wenn ein Trader seine gesamte Investition auf einem einzigen Live-Handel platziert. Es wird dringend empfohlen, dass Händler eine richtige Geld-Management-Strategie, die die gesamte aufeinander folgenden Geschäften oder insgesamt hervorragende Investitionen begrenzt wählen. UK Options ist eine Tochtergesellschaft im Besitz und unter der Leitung von Worldwide Tech Limited, Gebäude A, Calea Floreasca 169 A, Bukarest, 014472, Rumänien. Copyright 2016 ukoptions Benutzername oder Passwort falsch UK OPTIONEN PARTNERPROGRAMM Wenn Sie ein registrierter Partner von UK Optionen sind Wenn Sie ein registrierter Partner von UK Optionen werden mchten Falscher Benutzername oder Passwort UK OPTIONEN AFFILIATE PROGRAM Wenn Sie ein registrierter UK Optionen Affiliate Wenn Sie möchten Schließen Sie sich unserem Affiliate-ProgrammC. OD an Zahlungsmöglichkeiten Bezahlen Sie in weniger Zeit, mit weniger Fragen. Während C. O.D. Ist eine bequeme Zahlungswahl für Ihre Kunden, kann es Wochen dauern, damit Ihr Geschäft zahlend erhält. Plus, es stellt ein Risiko für Ihr Endergebnis, da Käufer ihre Ware erhalten, bevor ihre Zahlung klärt. Thats, warum wir bieten verbesserte C. O.D. Optionen, um Zahlungen zu beschleunigen, schützen Sie Ihre Cash-Flow, und ermöglichen es Ihnen, das Timing zu verwalten, wenn Kunden Schecks hinterlegt werden. Wählen Sie Ihren Service und Ihre Geschwindigkeit. KABELJAU. Secure reg Erhalten C. O.D. Zahlungen in ca. 2-3 Tagen ab dem Lieferdatum und erhalten garantierte Zahlungen bis zu einem vorgegebenen Limit. Sparen Sie Zeit und Ressourcen Elektronisch überweisen Sie Geld direkt auf Ihr Bankkonto. Theres keine Notwendigkeit, tägliche Bankeinlagen vorzubereiten, durch Schecks und Rechnungen sortieren oder Schecks an die Bank für UPS reg C. O.D. Verpackungen. Cashflow verwalten Frühwarnungen von nicht ausreichenden Fonds erhalten. Wenn ein Einzelteil zurückgebracht wird, gibt es keine zusätzlichen Gebühren anders als die StandardUPS C. O.D. Zutrittsbeitrag. Verarbeitungskosten sparen Es gibt keine physischen Kontrollen, so dass Sie die monatlichen Bankgebühren reduzieren können, die mit Einlagen und NSFs verbunden sind. Dedizierte Kundenbetreuung Verlassen Sie sich auf unsere gut ausgebildete und kenntnisreiche UPS Capital-Team persönlich bei Fragen oder Anfragen für weitere Informationen zu unterstützen. Genauere Prognose der Forderungen Tägliche Aussagen werden automatisch per E-Mail oder Fax gesendet, um die eingegangenen Zahlungen, die Einzahlungen auf Ihr Konto und die Rückgabeaktivität zu überwachen. Reduzieren Sie Buchhaltung Kopfschmerzen Online-Zugang zu überprüfen, Kopien und Statement-Informationen, die schnell heruntergeladen werden können in mehreren Formaten für vereinfachte Rechnungsabstimmung. Limitrisiko Für den Fall, dass einer Ihrer Kunden C. O.D. Schecks wird nach Anzahlung unehrenhaft, UPS Capital wird Sie für dieses Element zu zahlen, bis zu einer bestimmten Haftungsgrenze. Erweitern Sie Ihre Kundenbasis UPS C. O.D. Secure reduziert das Risiko der Nichtzahlung und hilft bei der Steigerung Ihrer Verkäufe, indem es Ihrem Unternehmen zu bieten C. O.D. Bedingungen. KABELJAU. Automatische Erfassung C. O.D. Zahlungen in ca. 2-3 Tagen ab Lieferdatum. Sparen Sie Zeit und Ressourcen Elektronisch überweisen Sie Geld direkt auf Ihr Bankkonto. Theres keine Notwendigkeit, tägliche Bankeinlagen vorzubereiten, sortieren durch Schecks und Rechnungen oder nehmen Sie Schecks an die Bank für UPS reg C. O.D. Verpackungen. Cashflow verwalten Frühwarnungen von nicht ausreichenden Fonds erhalten. Wenn ein Einzelteil zurückgebracht wird, gibt es keine zusätzlichen Gebühren anders als die StandardUPS C. O.D. Zutrittsbeitrag. Verarbeitungskosten sparen Es gibt keine physischen Kontrollen, so dass Sie die monatlichen Bankgebühren reduzieren können, die mit Einlagen und NSFs verbunden sind. Dedizierte Kundenbetreuung Verlassen Sie sich auf unsere gut ausgebildete und kenntnisreiche UPS Capital-Team persönlich bei Fragen oder Anfragen für weitere Informationen zu unterstützen. Genauere Prognose der Forderungen Tägliche Aussagen werden automatisch per E-Mail oder Fax gesendet, um die eingegangenen Zahlungen, die Einzahlungen auf Ihr Konto und die Rückgabeaktivität zu überwachen. Reduzieren Sie Buchhaltung Kopfschmerzen Online-Zugang zu überprüfen, Kopien und Statement-Informationen, die schnell heruntergeladen werden können in mehreren Formaten für vereinfachte Rechnungsabstimmung. KABELJAU. Direct reg Erhalten C. O.D. Zahlungen in ca. 6 Tagen ab Lieferdatum. Sparen Sie Zeit und Ressourcen Elektronisch überweisen Sie Geld direkt auf Ihr Bankkonto. Theres keine Notwendigkeit, tägliche Bankeinlagen vorzubereiten, sortieren durch Schecks und Rechnungen oder nehmen Sie Schecks an die Bank für UPS reg C. O.D. Verpackungen. Cashflow verwalten Frühwarnungen von nicht ausreichenden Fonds erhalten. Wenn ein Einzelteil zurückgebracht wird, gibt es keine zusätzlichen Gebühren anders als die StandardUPS C. O.D. Zutrittsbeitrag. Verarbeitungskosten sparen Es gibt keine physischen Kontrollen, so dass Sie die monatlichen Bankgebühren reduzieren können, die mit Einlagen und NSFs verbunden sind. Dedizierte Kundenbetreuung Verlassen Sie sich auf unsere gut ausgebildete und kenntnisreiche UPS Capital-Team persönlich bei Fragen oder Anfragen für weitere Informationen zu unterstützen. KABELJAU. Verspätete Einzahlung Genießen Sie die Flexibilität, um das Timing der einzelnen Scheckeinlagen zu kontrollieren, indem Sie diesen Dienst zu C. O.D Automatic oder C. O.D. hinzufügen. Direkt. Theres eine niedrige Programmgebühr, plus, benötigen Sie nur eine UPS-Kontonummer. Verbessern Sie Kundenbeziehungen Ehren Sie Kundenwünsche für deferred C. O.D. Schecks Einzahlungen über ein sicheres Online-Web-Portal, so können Sie Kredit verlängern, bauen Loyalität und gewinnen neues Geschäft. Eliminieren Sie manuelle Check-Einlagen Reduzieren Sie die Risiken und Bankgebühren im Zusammenhang mit der manuellen Handhabung von Schecks mit automatischer täglichen Einzahlung der Gelder an die Bank Ihrer Wahl. Plus, erhalten E-Mail-Benachrichtigungen, wenn es neue C. O.D. Kontrollen warten auf die Einzahlung. Besser verwalten Sie Ihre Cash-Flow Sichere Web-Zugang zu sehen Scheck Bilder, verwalten Einlagen und Download-Daten überweisen, um die Aufzeichnung zu vereinfachen. Erhalten Sie rechtzeitige Informationen Tägliche, elektronische Lieferung von Berichten Vorankündigung über geplante Einlagen und zurückgegebene Artikel. In dem Fall gibt es eine zurückgegebene Zahlung, haben Sie die Möglichkeit für die automatische zweite Präsentation von entehrt Schecks. Weitere Informationen C. O.D. Verspätete Einzahlung Website Demonstration Nun geben Ihnen Schritt-für-Schritt-Anleitungen, wie man elektronisch planen zukünftige Einzahlungen online, verwalten C. O.D. Überprüft online und zeigt historische Informationen auf der Website gespeichert. Verwandte Ressourcen Holen Sie sich Ihre C. O.D. Fonds schneller, indem Sie Ihre Schecks direkt hinterlegt in ca. 6 Werktagen nach Ihrer UPS C. O.D. Pakete geliefert werden. Sehen Sie Ihre UPS C. O.D. Überweisungen und Scheck-Kopien. Youll in der Lage, schnell herunterladen, um sie in mehreren Formaten für vereinfachte Rechnungsabstimmung. Melden Sie sich mit Ihrem My UPS reg ID an, um die Daten auszuwählen, die Kundenschecks hinterlegt werden sollen. Zusätzliche Produktinformationen und Bedingungen160and160Conditions C. O.D. Enhancement Services Allgemeine Geschäftsbedingungen UPS Capital Business Kreditverwaltung UPS Capital C. O.D. Verbesserungen. UPS Hauptstadt C. O.D. UPS Capital Trade Protection Services, Inc. ist eine hundertprozentige Tochtergesellschaft von UPS Capital Business Credit. UPS Capital Corporation und ihre verbundenen Unternehmen behalten sich das Recht vor, Änderungen oder Stornierungen von C. O.D. Programm zu jeder Zeit. Jedes C. O.D. Programm unterliegt den geltenden Bedingungen für die Teilnahme an diesem Programm und es gelten bestimmte Einschränkungen und Ausschlüsse. Informationen, die in diesen Informationen enthalten sind, verändern in keiner Weise die geltenden Bestimmungen und Bedingungen für die Teilnahme an irgendeinem C. O.D. Und ist nur als kurze Zusammenfassung dieses Programms vorgesehen. Die USV C. O.D. Gebühren, wie in den UPS Preise in der Tat zum Zeitpunkt der Versendung festgelegt gelten für jede USV C. O.D. Paket ausgeliefert. Einige C. O.D. Enhancement Services können Darlehen oder die Weiterentwicklung von Mitteln für die antizipierte C. O.D. Quittungen. Darlehen in Kalifornien gemacht sind nach einem Department of Corporations California Finance Lenders Lizenz. KABELJAU. Enhancement Services Produkte sind möglicherweise nicht in allen Ländern verfügbar und können je nach Bedarf modifiziert werden. Erkundigen Sie sich bei Ihrem UPS Capital-Vertreter nach lokaler Verfügbarkeit. Kreditverfügbarkeit bedarf der Genehmigung. KABELJAU. Sicher, C. O.D. Automatik und C. O.D. Direct sind eingetragene Warenzeichen von United Parcel Service of America, Inc. C. O.D. DIRECT reg Allgemeine Geschäftsbedingungen Die folgenden Allgemeinen Geschäftsbedingungen, die von Zeit zu Zeit geändert werden können, einschliesslich des ATA und anderer anwendbarer Ergänzungen (zusammenfassend, der Allgemeinen Geschäftsbedingungen) und des Anmelde - und Autorisierungsformulars , Die von Ihnen zugesandt wurde oder geliefert wird (das Anmeldeformular und zusammen mit diesen Allgemeinen Geschäftsbedingungen, das Abkommen), regelt die Teilnahme am COD Direkte Programm (das Programm) von UPS Capital Trade Protection Services, Inc. (UPS Capital, wir oder uns) angeboten. Soweit nicht anders angegeben, bedeuten die Wörter, die Sie, Ihr und Ihr, die Gesellschaft, die an dem Programm teilnimmt, und sofern hierin nicht anders definiert, haben die hierin verwendeten kapitalisierten Begriffe die Bedeutung, die ihnen in Ihrem Registrierungsformular gegeben wird. UPS Capital entscheidet nach eigenem Ermessen, ob Sie als Teilnehmer am Programm akzeptiert wurden und werden Sie darüber informieren. Nach Ihrer Akzeptanz im Programm erklären Sie sich mit uns wie folgt einverstanden: 1. Programmbeschreibung: Im Rahmen des Programms hinterlegen wir die von unseren Empfängern erhaltenen Schecks oder sonstigen nicht zahlungswirksamen Überweisungen (Sammeln, Schecks) elektronisch Prüfen Sie die Beträge, abzüglich der Servicegebühr und anderer in Abschnitt 3 beschriebener Beträge, auf die Bankverbindung (en), die Sie im Anmeldeformular angegeben haben oder später, indem Sie ein Formular für die Programminformationsänderung (PIC) oder ein neues Anmeldeformular an uns ( Das Unternehmen Bankkonto), in der Regel innerhalb von sechs (6) Banking Days der Tag der COD Versand erfolgt und der Scheck eingegangen ist. Ein Bankgeschäftstag ist definiert als irgendein Tag (außer Samstag oder Sonntag), auf dem Ihre und unsere Banken offen sind und Einlagen akzeptieren. Sie müssen rechtzeitig UPS reg benachrichtigen, wenn Sie keine Zahlung für eine C. O.D. Sendung, die ausgeliefert wurde. Bitte beachten Sie die UPS TariffTerms und Servicebedingungen, deren elektronische Kopie unter upscontentusenservice. html abgerufen werden kann. (Die Bedingungen) für die geltenden Anmeldungs - und Einreichungsfristen. Sie bestätigen und stimmen zu, dass weder UPS Reg noch UPS Capital für die Prüfung von Prüfungen auf Richtigkeit der Prüfungstermine oder irgendwelcher Datumsbeschränkungen, die auf einen Scheck gelegt werden können, zuständig sind. Sie erkennen an und stimmen zu, dass weder UPS noch UPS Capital für etwaige Strafen, Gebühren oder Gebühren verantwortlich sind, die Ihnen oder einem Ihrer Empfänger für die Bearbeitung eines Schecks vor seinem Datum oder zu einem beliebigen Zeitpunkt nach seinem Datum entstehen Als sechs (6) Monate nach seinem Datum) oder in sonstiger Weise in einer Legende oder Notiz auf dem Scheck platziert. Sie stimmen zu, C. O.D. Pakete, die die neueste Version von WorldShip reg verwenden, die von UPS, WorldShip-kompatibler Software oder UPS-zugelassenem Vendor - oder Hostmanifesting-System zur Verfügung gestellt wird, das Paket-Level-Detail (PLD) elektronisch in einem für UPS akzeptablen Format überträgt. Nur die von Ihnen zur Verfügung gestellten UPS-Versenderzahlen auf dem Anmeldeformular für die Teilnahme an C. O.D. Direkt oder später hinzugefügt, indem Sie ein PIC Formular oder neues Anmeldeformular zu uns wird in das Programm aufgenommen werden. Sie erklären sich damit einverstanden, alle erforderlichen Genehmigungen zu erteilen, damit wir die Schecks auf einem von uns für die Zwecke des Programms eingerichteten Bankkonto gutheißen und hinterlegen können und von Zeit zu Zeit Kredite und Belastungen auf Ihr Bankkonto eröffnen. Sie verpflichten sich, angemessene Maßnahmen zur Verhütung und Minderung von Verlusten und Streitigkeiten einzugehen, unter anderem durch Festlegung und Einhaltung einer klar definierten Rückkehrpolitik. Sie verstehen und bestätigen, dass UPS Capital (1) Ihnen auf Grund von Ihnen von Ihren Empfängern anderweitig zugute kommen kann (2) nicht die Zahlung Ihrer Forderungen oder Schecks von Ihren Empfängern in Zahlung von C. O.D. Sendungen und (3) ist kein Depotinstitut und die Beträge, die bei UPS Capitals Bankkonto hinterlegt sind, werden nicht von der FDIC-Versicherung zugunsten eines Programmteilnehmers gedeckt. 2. Servicegebühren. Die Servicegebühren für Schecks, die von uns im Rahmen des Programms abgewickelt werden (einzeln und gesamt, die Servicegebühr), sind auf der ATA festgelegt und können von uns von Zeit zu Zeit nach 30 Kalendertagen vor schriftlicher Kündigung geändert werden , Dass Änderungen an der Dienstleistungsgebühr, die zu Ihren Gunsten sind (zB die Ermäßigung oder Aufhebung einer Gebühr), nach unserem alleinigen Ermessen in weniger als 30 Kalendertagen wirksam werden können, wie in unserer Mitteilung an Sie angegeben. Die Servicegebühr ist unabhängig von Gebühren und Gebühren, die Ihnen im Zusammenhang mit einem oder mehreren getrennten, aber damit zusammenhängenden Vereinbarungen zwischen Ihnen und UPS für Kleinpaketdienstleistungen entstehen, einschließlich Zustelldienste. 3. Dishonored SchecksZahlungen wegen uns. Wenn ein Scheck unehrenhaft ist, werden wir den vollen Betrag dieser unehrlichen Schecks von Ihrer nächsten Überweisung abziehen. Die Menge aller unehrenhaften Schecks wird auf den Programmbestellungen, die wir Ihnen per E-Mail jeden Wochentag (außer auf Bundesfeiertage oder Wochentage, wenn wir nicht geöffnet sind für Unternehmen), dass es Aktivitäten im Rahmen des Programms. Uneingeschränkte Schecks werden Ihnen per U. S. Mail zugesandt. UPS Capital hat für Sie uneingeschränkte Inanspruchnahme für die Nichtzahlung aller uns zustehenden Beträge, wie in der Vereinbarung dargelegt, und Sie verpflichten sich, alle fälligen und uns zustehenden Beträge gemäß den Bestimmungen dieser Vereinbarung zu zahlen. Zur Vermeidung von Zweifeln ist jede Haftung für die Nichtzahlung von Beträgen, die hiermit gezahlt werden, von allen im Anmeldeformular aufgelisteten Unternehmen und somit den Parteien des Abkommens gemeinsam. Sie bestätigen und erklären sich damit einverstanden, dass alle Ihre Zahlungsverpflichtungen ausdrücklich und uneingeschränkt gelten, und zum Zweck der Zahlung von Zahlungen hiermit verzichten Sie hiermit auf die Geltendmachung eines Aufrechnungs-, Widerklage - oder Cross-Claims aus irgendeinem Grund, einschließlich, aber nicht beschränkt Zu, Versandansprüche. Sie verzichten hiermit auf Vorstellung, Forderung, Bekanntmachung von Unehre, Proteste und sonstige Mitteilungen im Zusammenhang mit der Vollstreckung Ihrer Zahlungsverpflichtungen. Im Falle einer Diskrepanz zwischen Ihren Unterlagen und unseren Angaben über die von Ihnen geschuldeten Beträge, gelten unsere Unterlagen als richtig und haben keinen offensichtlichen Fehler zu beherrschen. Etwaige Beträge, die Sie im Rahmen des Programms zahlen müssen (z. B. wenn der Betrag der zurückgegebenen Schecks den von Ihnen gesammelten Wert, wie in Ihrer Erklärung angegeben, einschließlich aller Verpflichtungen, die nach dem Widerruf der Vereinbarung entstehen, übersteigt), wird abgezogen Unsere Überweisungen an Sie an folgenden Tagen, bis die uns geschuldeten Beträge vollständig bezahlt sind. Wenn die Überweisungen für uns unzureichend sind, um uns die von Ihnen geschuldeten Beträge zu ersetzen, werden wir Ihr Bankkonto der Bank belasten und Sie autorisieren und beauftragen uns, alle diese Forderungen zu stellen, ohne dass wir Sie vorher darüber informieren müssen. Wir können von laufenden Überweisungen aufgrund von Ihnen abziehen oder Ihr Bankkonto für Ihre ausstehenden Verbindlichkeiten belasten. I) wegen uns unter oder in Verbindung mit anderen C. O.D. Programm von uns angeboten und in dem Sie teilnehmen ii), die Sie UPS für C. O.D. Lieferung oder sonstige Schifffahrtsdienste oder iii) sonstige Schäden, die Ihnen oder im Zusammenhang mit einer Vereinbarung zwischen Ihnen und UPS oder UPS Capital entstehen. Als Sicherheit für Ihre Verpflichtungen, die sich aus diesem Vertrag und aus einer Vereinbarung ergeben, die die Bedingungen von anderen C. O.D. Programm von uns anbieten, in dem Sie jetzt oder später teilnehmen können, gewähren Sie hiermit ein Pfandrecht und Sicherheitsinteresse an Ihrem Bankkonto und berechtigen uns, Maßnahmen zur Vollendung unserer Rechte zu ergreifen. Ohne die oben genannte Einschränkung in irgendeiner Weise zu erklären, erklären Sie sich damit einverstanden, Kontosteuerungsvereinbarungen für jedes Firmenkonto zu tätigen, da UPS Capital nach eigenem Ermessen für notwendig hält, um unsere Interessen im Rahmen des Abkommens zu schützen. Wir können jederzeit verlangen, dass Sie uns direkt für den Betrag zahlen, den Sie uns schuldig sind, und Sie erklären sich damit einverstanden, diesen Betrag innerhalb von fünf (5) Geschäftstagen eines solchen Antrags zu bezahlen. Etwaige Beträge, die uns nach Ablauf dieser Frist entstanden sind, werden verzinst, bis zu einem jährlichen Zinssatz, der dem am letzten Geschäftstag eines jeden Monats im Wall Street Journal angekündigten Prime Rate entspricht und fünf Prozent (5) Oder dem höchsten durch das anwendbare Recht zulässigen Satz. Wenn die Zahlung nicht eingegangen ist oder ein gegenseitig vereinbarter Zahlungsplan nicht innerhalb von fünf (5) Werktagen nach Eingang eines Zahlungsantrags eingegangen ist, behalten wir uns das Recht vor, alle nach dem anwendbaren Recht zulässigen zusätzlichen Maßnahmen einzuleiten Fehlende Zahlungen. Sie sind auch damit einverstanden, sämtliche Kosten und Aufwendungen zu tragen, die UPS Capital in den Bemühungen unternommen hat, unsere Rechte hierdurch geltend zu machen oder die uns hierunter geschuldeten Beträge zu sammeln, einschließlich, ohne Einschränkung, Anwaltskosten in Höhe von fünfzehn Prozent (15) Aggregierte Höhe der Verpflichtungen, die Ihnen hierdurch oder dem höchsten nach dem anwendbaren Recht zulässigen Verpflichtungen entstehen. Ihre Zahlungsverpflichtungen sind für Ihre Nachfolger und zugelassenen Abtretungen bindend. Sie erklären sich damit einverstanden, uns von allen Verlusten, Schäden, Kosten, Gebühren, Urteilen oder sonstigen Verbindlichkeiten, einschließlich angemessener gesetzlicher und beruflicher Gebühren und Entgelte (zusammengenommen Vermeidungs handlungsschulden), die im Zusammenhang mit einem Aufwand oder einer Forderung entstehen oder entstanden sind, zu entschädigen Um eine Übertragung durch Sie oder einen Empfänger zu oder zu Gunsten von UPS, UPS Capital oder einem ihrer verbundenen Unternehmen zu vermeiden, ob diese Angelegenheit erhoben oder unter den föderalen Konkurscode 11 USC gebracht wird 547, 548, 549, 550 oder 551 oder ein ähnliches Staats - oder Bundesgesetz, das die Vermeidung von Zahlungen als Präferenzen, als betrügerische Beförderungen oder Überweisungen oder als andere strafbare Überweisungen jeglicher Art oder Art (zusammengenommen Vermeidungsmaßnahmen) erlaubt. Für den Fall, dass eine Vermeidungshandlung eingereicht oder bedroht wird, behalten wir den Anwalt (und alle anderen notwendigen Fachleute) unserer Wahl bei, und Sie erklären sich einverstanden, uns für jegliche Vermeidungsmaßnahmen zu ersetzen, sobald sie entstanden sind. Das Abkommen ist nicht für eine Übertragung auf UPS oder UPS Capital des Eigentums oder des Besitzes von Waren oder Eigentum bestimmt, die für irgendeinen Zweck versendet werden, einschließlich staatlicher Verkaufs - und Gebrauchssteuern. Weder UPS noch UPS Capital haben die Verantwortung, in Zusammenhang mit Waren, die unter oder im Zusammenhang mit dem Vertrag ausgeliefert werden, Steuern zu sammeln, Sie sind allein verantwortlich für diese Verpflichtungen und Sie werden UPS und UPS Capital für jegliche Umsatz - und Nutzungssteuern, Zinsen, Strafen und sonstigen Aufwendungen oder Schäden, einschließlich angemessener Anwaltsgebühren und Gebühren, die durch UPS oder UPS Capital entstehen, schadlos halten Dass Ihnen die vertraglichen und steuerlichen Verpflichtungen nicht einzuhalten sind. 4. Laufzeit und Kündigung. So ist der Vertrag sofort nach Bekanntgabe unserer Einwilligung zur Eintragung in das Programm wirksam und bleibt gültig, soweit von uns von Zeit zu Zeit geändert, bis durch Sie oder uns, wie hierin beschrieben, gekündigt wird. Sie können Ihre Teilnahme am Programm jederzeit beenden, indem Sie uns mindestens fünfzehn (15) Kalendertage vor schriftlicher Kündigung an der 425 Day Hill Road, Windsor, CT 06095, ATTN: C. O.D. Kundendienst. Wir können Ihre Teilnahme an dem Programm (i) jederzeit kündigen, indem wir Ihnen mindestens zehn (10) Kalendertage vor schriftlicher Mitteilung an Ihrer zuletzt bekannten Adresse oder (ii) unverzüglich und ohne vorherige Ankündigung, (a) wenn Sie sollten (B) wenn Sie alle oder einen Teil der in Ihrem Anmeldeformular enthaltenen Berechtigungen kündigen oder Beschränkungen begehen, die die Zahlung von Beträgen betreffen, die im Folgenden auf Ihrer Bank zu zahlen sind Konto ohne Angabe alternativer Kontoinformationen über ein PIC - Formular oder neues Anmeldeformular (c) falls erforderlich (wie von uns in unserem alleinigen Ermessen festgelegt) für die Einhaltung der anwendbaren Gesetze, Vorschriften oder Bestimmungen (d) wenn Sie im Verzug sind Ihre Verpflichtungen aus einer anderen Vereinbarung zwischen Ihnen und uns oder einem unserer verbundenen Unternehmen oder (e) bei Eintritt eines der folgenden Ereignisse: Sie (1) eine Liquidation oder Auflösung, (2) Beginn (oder Sie haben begonnen) Konkurs (3) alle oder im Wesentlichen alle Ihre Vermögenswerte verkaufen oder (4) eine wesentliche nachteilige Veränderung Ihrer Vermögensverhältnisse erleiden, und Sie verpflichten uns, uns schriftlich innerhalb von drei (3) Geschäftstagen nach dem Auftreten zu informieren Eines der vorgenannten Ereignisse. Im Falle einer solchen Kündigung werden (a) Schecks, die UPS Capital nach dem wirksamen Kündigungstermin erhalten hat, nicht im Rahmen des Programms gedeckt und zur Verarbeitung an die Gesellschaft weitergeleitet und b) Schecks, die im Besitz der Kaution sind Von UPS Capital zum effektiven Kündigungstermin kann bei UPS Capitals alleinige Option (i) im Rahmen des Programms abgedeckt werden oder (ii) unverzüglich an die Gesellschaft zur Verarbeitung weitergegeben werden und UPS Capital übernimmt keine Verantwortung für die Hinterlegung dieser Schecks Zurückgegeben. Ab dem Zeitpunkt des Eingangs Ihrer Kündigung oder der Zeitpunkt der Kündigung an Sie, soweit zutreffend, wird die Methode, mit der wir bestimmen die Höhe der Mittel für die Übertragung auf Ihr Unternehmen Bankkonto ändern wird. Sie erhalten eine vorläufige Gutschrift für alle Schecks, die UPS für die Lieferung an uns im Rahmen des Programms am oder vor dem Wirksamwerden der Kündigung erhalten hat. Jedoch, anstatt auf Ihr Unternehmen Bankkonto die volle Menge des Gesichtsbetrags von jedem Scheck, der von uns von jedem Ihrer Empfänger erhalten wird, abzüglich jeglicher Gebühren und entehrter Schecks, werden wir Ihnen die kleinere von (a) 50 der Betrag, der ansonsten auf Sie zurückzuführen wäre, oder (b) 50 des Betrags Ihrer tatsächlichen durchschnittlichen täglichen Nachnahme Sammlungen unter dem Programm für den Monat unmittelbar vor Kündigung. Wir werden Ihnen innerhalb von dreißig (30) Kalendertagen nach dem vorgesehenen effektiven Kündigungstermin den Restbetrag des vorläufigen Guthabens, abzüglich etwaiger Programmgebühren und den vollen Betrag aller unehrenhaften Schecks, übermitteln, sofern dieser Zeitpunkt fällt Ein Nicht-Banking-Tag, werden diese Maßnahmen am nächsten Bankgeschäftstag getroffen. Wenn der Gesamtbetrag von Programmgebühren und unehrlichen Schecks die von uns zurückgehaltenen Beträge übersteigt, erhalten Sie von uns eine Erklärung über die uns geschuldeten Beträge, und Sie erklären sich damit einverstanden, den Restbetrag innerhalb von zehn (10) Geschäftstagen nach dem Anweisungsdatum. UPS Capital behält sich das Recht vor, das Programm jederzeit einzustellen und die Funktionsmerkmale und Bedingungen des Programms von Zeit zu Zeit zu ändern, und diese Änderungen treten jeweils am 30. Tag nach dem Zeitpunkt der Veröffentlichung der Änderungen in Kraft Unsere Website auf upscapitalsolutionscoddirect. html oder auf andere Weise mitgeteilt, wenn nicht anders von uns angegeben. Sie erklären sich verpflichtet, an solche Änderungen ohne weitere Maßnahmen seitens einer Partei gebunden zu sein, es sei denn, dass Sie uns vor dem Wirksamwerden dieser Änderungen schriftlich informiert werden. 5. Haftungsbeschränkungen. UPS Capital haftet nur für die ausdrücklich im Rahmen der Vereinbarung getätigten Verpflichtungen und haftet nur für grobe Fahrlässigkeit oder vorsätzliches Verschulden bei der Erfüllung dieser Verpflichtungen, soweit nicht ausdrücklich in diesem anwendbaren Recht vorgesehen oder gesetzlich vorgeschrieben. UPS Capital ist berechtigt, sich ausschließlich auf die Informationen zu berufen, die von der Gesellschaft im Rahmen des Abkommens zur Verfügung gestellt werden, und hat keinerlei Haftung für die Richtigkeit und Vollständigkeit der Vereinbarung. Sämtliche Haftungsausschlüsse gelten unabhängig davon, in welcher Form ein Schadensersatzanspruch geltend gemacht wird, sei es aus Vertrag, unerlaubter Handlung (einschließlich Fahrlässigkeit), Gewährleistung oder aus sonstigen rechtlichen oder gerechtfertigten Gründen. Darüber hinaus unterliegt UPS oder UPS Capital in keinem Fall UPS oder UPS Capital für strafbare, spezielle, indirekte, zufällige oder Folgeschäden, die der Gesellschaft im Zusammenhang mit der Teilnahme am Programm oder aufgrund von UPS Capitals Acts entstehen können Unterlassungen im Rahmen des Vertrages, ob die Wahrscheinlichkeit eines solchen Schadens von UPS Capital bekannt oder beabsichtigt war oder sein könnte. Unter der Bedingung, dass UPS Capital nach vernünftigem Grund und nach Treu und Glauben gehandelt hat, erkennen Sie an und stimmen zu, dass wir die Autorität einer Person, die ein Formular über das Programm bei UPS Capital unter Ihrer angeblichen Autorität einreicht, berechtigen und wir nicht zu untersuchen haben . Sie erkennen ferner an, dass jede Vertragspartei Änderungen an den Bedingungen des Programms verlangen kann und dass alle Parteien, die Vertragspartei sind, diese Änderungen genehmigt haben. Sie erklären sich damit einverstanden, UPS Capital von allen Verlusten, Schäden, Kosten, Gebühren, Urteilen oder sonstigen Verbindlichkeiten, einschließlich angemessener juristischer und beruflicher Gebühren und Entgelte (zusammengenommen Schadensersatzansprüche), die im Zusammenhang mit unberechtigten Anfragen entstehen oder entstanden sind, schadlos zu halten Bezüglich des Programms, das uns unter Ihrer behaupteten Behörde unterbreitet wurde und die wir akzeptieren und nach Treu und Glauben handeln. Das Programm nutzt die Bankensysteme der Vereinigten Staaten und Kanada. Sie erkennen an und stimmen zu, dass UPS Capital keinerlei Verantwortung oder Haftung für die Handlungen oder Unterlassungen von Fehlern oder Verzögerungen hat, die durch eine natürliche oder juristische Person verursacht werden, mit Ausnahme derjenigen Personen und Körperschaften, die im Auftrag von UPS Capitals handeln , Und keine solche Person gilt als Agent von UPS Capital. Diese Haftungsbegrenzung umfasst unter anderem die von der Gesellschaft oder ihren Angestellten, Vertretern oder Beauftragten verursachten Handlungen oder Unterlassungen oder Fehler oder Verzögerungen durch eine Clearing-Vereinsvereinigung, einen Prozessor oder eine Übertragungs - oder Kommunikationseinrichtung Wobei die ACH-Einträge eine Federal Reserve Bank oder eine andere Landesbank und jedes andere Finanzinstitut sein können. In keinem Fall wird UPS Capital für die Prüfung, die Anerkennung oder die Durchführung von Maßnahmen in Bezug auf Prüfungstermine oder ein Datum oder andere Einschränkungen zuständig sein, die angegeben oder auf einen Scheck gelegt werden. Sie erkennen an und stimmen zu, dass UPS Capital von der Nichtverfügung oder Verzögerung des Handelns entschuldigt wird, wenn diese Nichterfüllung oder Verzögerung aus Umständen resultiert, die außerhalb unserer Kontrolle liegen, einschließlich aber nicht beschränkt auf Handlungen von Gott, Streiks und andere Arbeitskämpfe, Naturkatastrophen, Feuer, Explosionen, natürliche oder von Menschen verursachte Überschwemmungen oder irgendein schweres Wetter, Krieg, Ausfall eines Kommunikations - oder Computersystems, nukleare Angriffe, Embargos, Handlungen oder Untätigkeiten staatlicher Behörden, die entweder UPS Capital oder unsere Agenten oder UPS betreffen Capital glaubte vernünftigerweise, dass Aktion gegen jedes Gesetz, Regel oder Regulierung verstoßen hätte. UPS Capital verpflichtet sich, angemessene Anstrengungen zu unternehmen, um zu verhindern, dass ein solches Ereignis die Ausführung seiner Verpflichtungen aus diesem Vertrag beeinträchtigt. 6. Verschiedenes. Das Abkommen und alle Zusagen oder Ergänzungen, die Sie und wir von Zeit zu Zeit eintragen können, stellen unser gesamtes Verständnis und Ihre Zustimmung zu Ihnen im Verhältnis zu Ihrer Teilnahme am Programm dar. Das Abkommen darf nur mit unserer ausdrücklichen schriftlichen Zustimmung geändert oder geändert werden. Das Abkommen unterliegt dem Georgien-Recht, ohne Rücksicht auf seine Kollisionsnormen. Sollten Streitigkeiten zwischen Ihnen und uns in Bezug auf die Bedingungen der Vereinbarung oder ihre Auslegung auftreten und Sie beabsichtigen, rechtliche Schritte zur Beilegung solcher Streitigkeiten einzuleiten, erklären Sie uns, uns Ihre Absicht mindestens dreißig (30) Kalendertage mitzuteilen Vor der Einreichung Anzug. Eine solche Streitigkeit wird nur in staatlichen oder föderalen Gerichten im Nordbezirk Georgien, die alle Parteien zustimmen, ausschließlich zuständig sein, und Sie verzichten auf Ansprüche, dass eine solche Gerichtsbarkeit oder Gerichtsstand unangemessen, unpraktisch oder unangemessen ist. Die hierin verwendeten Abschnittsüberschriften wurden zur Vereinfachung und nur als Referenz eingeführt und gelten nicht als Bestandteil des Vertrages. Sollte eine Bestimmung des Vertrages als nicht durchsetzbar erachtet werden, so bleibt der Vertrag bis zur Beendigung seiner Bestimmungen in vollem Umfang gültig und wirksam. Sie verstehen, dass wir uns auf die von Ihnen zur Verfügung gestellten Informationen (einschließlich der von Ihnen im Anmeldeformular bereitgestellten Informationen) als richtig und vollständig berufen und stimmen zu, dass diese Zuverlässigkeit gerechtfertigt ist. Sie erklären sich damit einverstanden, uns unverzüglich über jede Änderung der von Ihnen zur Verfügung gestellten Informationen zu informieren. Unsere Verpflichtungen gegenüber Ihnen im Rahmen des Programms erlischt, wenn Sie uns wis - senschaftlich im Zusammenhang mit Ihrer Anmeldung oder Teilnahme am Programm oder im Zusammenhang mit einer Prüfung eine falsche Aussage gemacht haben. Upon request, you agree to provide us with any additional information we may need in order to facilitate your participation in the Program andor to comply with any applicable law, rule or regulation. If you fail to provide us with such information upon request, we may, in our sole discretion, terminate the Agreement immediately upon written notice to you. Without limiting the generality of the foregoing, you represent and warrant (which representation and warranty shall be deemed to be continuing and remade by you each time we handle a check under the terms of this Agreement) that the commodities shipped by you via UPS (1) are permitted to be shipped in accordance with the Terms and the UPS Rate and Service Guide, in each case as in effect at the time of shipping, (2) without limitation of clause (1), do not violate any federal, state, provincial or local laws or regulations applicable at any time to such commodities or the shipment thereof, and (3) without limitation of clauses (1) and (2), are not prescription drugs, drug paraphernalia (including but not limited to water bongs, marijuana pipes and other accessories intended for use with illegal drugs, and synthetic urine and other drug masking products) or substances listed as controlled under a state or federal law. You agree that UPS or UPS Capital have the right to audit you at any time and for any reason. The scope of these audits may include but is not limited to: opening and inspecting your packages and examining and reviewing your books, records, facilities, product lists andor customer lists. You acknowledge and agree that we may not return to you any unauthorized shipments found through package audits. You agree to indemnify, defend, and hold harmless UPS Capital, its parent corporation, and affiliated companies, their officers, directors, employees, agents, and their successors and assigns, from all claims, demands, expenses, liabilities, causes of action, enforcement procedures, and suits of any kind or nature brought by a governmental agency, or any other person or entity, arising from or related to your nonconformance with governmental laws or regulations applicable to any of your shipments via UPS or with UPS requirements applicable to any such shipment, from your tendering any prohibited item for shipment, your failure to comply with the Terms or your breach of the foregoing representation and warranty. The provisions of the Agreement shall be binding upon and shall inure to the benefit of the Company and UPS Capital and each of their respective successors and assigns provided, however, that the Company may not, without the prior written consent of UPS Capital, assign any of its rights or powers, or delegate any of its duties or obligations hereunder and any prohibited assignment or delegation shall be void. UPS Capital may, at any time and without any notice to or consent by the Company, assign any of its rights or powers, or delegate any of its duties or obligations, hereunder. Notices to you pursuant to the Agreement, when required to be in writing, may be made, in our discretion, via U. S. Mail, via facsimile, via email to the address provided by you on your Enrollment Form (or to the most recent address, fax number or email address provided by you to UPS Capital if different from the information provided on the Enrollment Form), or by the posting of such information on our website at upscapitalsolutionscoddirect. html. In the event that the Enrollment Form was signed by more than one company, notices to each Company that is a party to the Agreement shall be deemed given when delivered as specified above to any Company identified on the Enrollment Form. C. O.D. AUTOMATIC reg Terms and Conditions The following terms and conditions, as may be amended from time to time, including by the Applicable Terms Addendum (ATA) and any other applicable addenda hereto, (collectively, the Terms and Conditions) and the Enrollment and Authorization Form, as may be amended from time to time, that has been or will be delivered by you to us (the Enrollment Form and, together with these Terms and Conditions, the Agreement), shall govern your participation in the C. O.D. Automatic Program (the Program) offered by UPS Capital Trade Protection Services, Inc. (UPS Capital, we or us). Unless otherwise specified herein, the words you, your and yours mean the Company enrolled in the Program and, unless otherwise defined herein, capitalized terms used herein have the meanings given to them in your Enrollment Form. UPS Capital, in its sole discretion, will determine whether you have been accepted as a participant in the Program and will notify you of its decision. Upon your acceptance in the Program, you and we agree as follows: 1. Program Description: Under the Program, we will deposit the checks or other non-cash remittances (collectively, checks) received by us from your consignees and then electronically transfer the check amounts without waiting for collection, less our Service Fee and certain other amounts described in Section 3 below, to the bank account(s) you specify in the Enrollment Form or later add by submitting a Program Information Change (PIC) Form or new Enrollment Form to us (the Company Bank Account), generally within two (2) to three (3) Banking Days of the date that the C. O.D. shipment was delivered and the check was received. A Banking Day is defined as any day (other than Saturday or Sunday) on which your and our banks are open and accepting deposits. You must timely notify UPS reg if you have not received payment for a C. O.D. shipment that has been delivered. Please refer to the UPS TariffTerms and Conditions of Service, an electronic copy of which may be accessed at upscontentusenservice. html. (the Terms) for applicable notification and claim filing deadlines. You hereby acknowledge and agree that neither UPS or UPS Capital are responsible for inspecting checks for accuracy of check dates or any date restrictions that may be placed on a check. You further acknowledge and agree that neither UPS or UPS Capital shall be responsible for any penalty, fee or charge incurred by you or any of your consignees for the processing of a check before its date, or at any date after its date (even if more than six (6) months after its date) or as otherwise provided in any legend or memo placed on the check. The amount of funds that will be advanced to you on any day by electronic transfer are subject to a daily funds transfer limit (DTL) as may be amended by us from time to time upon 30 calendar days prior written notice to you provided, however, that changes to the DTL that are in your favor (e. g. if we raise your DTL) may, in our sole discretion, take effect in less than 30 calendar days as provided in our notice to you. The initial maximum daily transfer limit (the Initial Maximum DTL) applicable through your first full month in the Program is a fixed dollar amount as set forth on the ATA. After your first full month in the Program, your DTL will be equal to (A) a percentage, as set forth on the ATA, (the DTL Percentage), multiplied by (B) your Prior Average Remittance. Your Prior Average Remittance for your first month in the Program will equal your Initial Maximum DTL. After your first full month in the Program, your Prior Average Remittance will be calculated monthly and will equal (Y) the sum of (i) your Prior Average Remittance for the immediately preceding month, plus (ii) your Calculated Statement Average, divided by (Z) two. Your Calculated Statement Average will be calculated each month starting after your first full month in the Program and will equal (AA) the sum of all checks received by us from your consgnees for the prior month, divided by (BB) the number of Program statements provided to you in the prior month. In the event that the total value of the face amount of the checks received by us from each of your consignees on a given day exceeds your DTL (a DTLExcess), the DTL Excess will not be advanced to you but rather, will beremitted to you fourteen (14) calendar days after the date we deposit suchchecks provided, however, if this date falls on a day that is not a Banking Day, such action will be taken on the next Banking Day. If the DTL Excess to be withheld would cause the total deposit amount on a given day to be a negative dollar amount, the DTL Excess shall instead equal the total face amount of the checks received by us from each of your consignees and due to be remitted to you on such given day, less the Service Fee as well as the amount of any dishonored checks and other adjustments described in Section 3 below and the total deposit amount for such given day shall be zero (0.00). No DTL Excess will be considered for purposes of determining whether your DTL has been reached on the date the DTL Excess is remitted. The DTL Excess shall, however, be reduced by any Service Fee, dishonored check amount or other adjustments described in Section 3 below if such reductions are in excess of the funds received from your consignees and deposited by us on that date. You agree to ship C. O.D. packages using the most recent version of WorldShip reg provided by UPS, WorldShip compatible software, or UPS approved Vendor or Host Manifesting system which transmits package level detail (PLD) electronically in a format acceptable to UPS. Only the UPS shipper numbers provided by you on the Enrollment Form for participation in C. O.D. Automatic or later added by you submitting a PIC Form or new Enrollment Form to us will be included in the Program. You agree to provide any authorizations necessary for us to endorse and deposit the checks into a bank account established by us for purposes of the Program and to initiate credits and debits to your Company Bank Account from time to time, as provided herein. You agree to take reasonable measures to prevent and mitigate losses and disputes, including by establishing and adhering to clearly defined return policies. You understand and acknowledge that UPS Capital (1) may be advancing to you funds otherwise due to you from your consignees (2) is not purchasing your accounts receivable or checks received from your consignees in payment of C. O.D. shipments and (3) is not a depository institution and that amounts deposited into UPS Capitals bank account are not covered by FDIC insurance for the benefit of any Program participant. 2. Service Fees. Service Fees. The service fees for checks handled by us under the Program (individually and collectively, the Service Fee) are as set forth on the ATA, and may be amended by us from time to time upon 30 calendar days prior written notice to you provided, however, that changes to the Service Fee that are in your favor (e. g. the reduction or elimination of a fee) may, in our sole discretion, take effect in less than 30 calendar days as provided in our notice to you. The Service Fee is separate from and independent of any fees or charges incurred by you in connection with one or more separate but related agreements between you and UPS for small package services, including COD delivery services. 3. Dishonored ChecksPayments Due to Us. Dishonored checks will be handled as set forth on the ATA. The amount of all dishonored checks will be itemized on the Program statements we provide to you via email each weekday (other than on Federal holidays or weekdays when we are not open for business) that there is activity under the Program. Dishonored checks will be returned to you via U. S. Mail. UPS Capital shall have full, unconditional recourse to you for nonpayment of all amounts due to us as set forth in the Agreement and you agree to pay any and all such amounts due and owing to us according to the terms hereof. For the avoidance of any doubt, any liability for nonpayment of amounts due hereunder shall be joint and several among all entities listed on the Enrollment Form and thus, parties to the Agreement. You hereby acknowledge and agree that all of your payment obligations hereunder shall be absolute, unconditional and, for the purpose of making payments hereunder, you hereby waive any right to assert any setoff, counterclaim or cross-claim for any reason including, but not limited to, shipping claims. You hereby waive presentment, demand, notice of dishonor, protests and all other notices whatsoever in connection with the enforcement of your payment obligations hereunder. In the event that there is any discrepancy between your records and ours regarding the amounts owed by you hereunder, our records shall be deemed correct and shall control absent manifest error. Any amounts which you are obligated to pay us under the Program (for example, when the amount of returned checks exceeds the value of C. O.D. checks collected, as reflected on your statement and including any obligations arising after cancellation of the Agreement) will be deducted from our remittances to you on subsequent days until the amounts owed to us are paid in full. If remittances are insufficient for us to recover amounts owed to us by you, then we will debit your Company Bank Account and you hereby authorize and direct us to make any and all such debits without the necessity of providing you with prior notice thereof. We may subtract from current remittances due to you or debit your Company Bank Account for any outstanding amounts i) due to us under or in connection with any other C. O.D. program offered by us and in which you participate, ii) that you owe to UPS for C. O.D. delivery or any other shipping services or iii) otherwise incurred by you and due and owing under or in connection with any agreement between you and UPS or UPS Capital. As security for your obligations arising hereunder and under any agreement governing the terms of any other C. O.D. program offered by us in which you may now or hereafter participate, you hereby grant us a lien on and security interest in your Company Bank Account, and authorize us to take any action to perfect our rights therein. Without limiting the foregoing in any way, you agree to enter into deposit account control agreements for any Company Bank Account as UPS Capital may, in our sole discretion, deem necessary to protect our interests under the Agreement. We may, at any time, request instead that you pay us directly for any amount you owe to us, and you agree to pay such amount within five (5) business days of such request. Any amounts owing to us after such grace period ends shall bear interest until paid at an annual rate equal to the lesser of the Prime Rate of interest as announced in The Wall Street Journal on the last business day of each month plus five percent (5) or the highest rate permitted by applicable law. If payment has not been received or a mutually agreed upon payment plan has not been established within five (5) business days after receiving a request for payment, we reserve the right to take any and all additional action permitted by applicable law to ensure collection of such deficient payments. You also agree to pay all costs and expenses incurred by UPS Capital in any efforts undertaken to enforce our rights hereunder or to collect any amounts owed to us hereunder, including, without limitation, attorneys fees at the rate of fifteen percent (15) of the aggregate amount of obligations owing by you hereunder or the highest amount permitted by applicable law. Your payment obligations hereunder shall be binding upon your successors and permitted assigns. Upon a determination by UPS Capital, in its sole and absolute discretion, your continuing participation in the Program may require a security deposit, corporate or individual guarantees andor a letter of credit or other collateral satisfactory to us. You agree to indemnify us from any and all losses, damages, costs, fees, judgments or other liabilities, including reasonable legal and professional fees and charges (collectively, Avoidance Action Liabilities), arising from or incurred in connection with an effort, demand or action to avoid a transfer by you or a consignee to or for the benefit of UPS, UPS Capital or any of their respective affiliates, whether such matter is raised or brought under the federal bankruptcy code, 11 U. S.C. 547, 548, 549, 550 or 551, or any similar state or federal law allowing for the avoidance of payments as preferences, as fraudulent conveyances or transfers, or as other voidable transfers of any type or kind (collectively, Avoidance Actions). In the event an Avoidance Action is filed or threatened, we shall retain counsel (and any other necessary professionals) of our choosing, and you agree to reimburse us, as and when they are incurred, for any Avoidance Action Liabilities. The Agreement is not intended to and shall not reflect a transfer to UPS or UPS Capital of title or possession of any goods or property shipped for any purpose, including state sales and use taxes. Neither UPS nor UPS Capital shall have any responsibility to collect, remit or report sales and use taxes in any jurisdiction in connection with goods shipped under or in connection with the Agreement. You are solely responsible for those obligations, and you will indemnify UPS and UPS Capital for any sales and use taxes, interest, penalties and other expenses or damages, including reasonable attorneys fees and charges, incurred by UPS or UPS Capital as a result of any failure on your part to comply with applicable sales and use tax obligations. 4. Term and Termination. The Agreement is effective immediately upon your receipt of notice of our acceptance of your enrollment into the Program and will remain in effect, as modified by us from time to time, until terminated by you or us as provided herein. You may terminate your participation in the Program at any time by providing at least fifteen (15) calendar days prior written notice to us at 425 Day Hill Road, Windsor, CT 06095, ATTN: C. O.D. Kundendienst. We may terminate your participation in the Program (i) at any time by providing at least ten (10) calendar days prior written notice to you at your last known address or (ii) immediately and without prior notice, (a) if you should fail to pay or perform any of your obligations to us under the Program or the Agreement (b) if you terminate all or any part of the authorizations contained in the Enrollment Form or close or place restrictions affecting payment of amounts due hereunder on your Company Bank Account without providing alternate account information on a PIC Form or new Enrollment Form (c) if necessary (as determined in our sole discretion) for us to comply with any applicable law, rule or regulation (d) if you are in default of your obligations under any other agreement between you and us or any of our affiliates or (e) upon the occurrence of any of the following events: you (1) undergo liquidation or dissolution, (2) commence (or have commenced against you) bankruptcy proceedings or other similar proceedings, (3) sell all or substantially all of your assets, or (4) suffer a material adverse change in your financial condition, and you agree to notify us in writing within three (3) business days following the occurrence of any of the foregoing events provided, however, that during any pilot period, we may terminate your participation in the Program for any or no reason immediately upon notice of such termination to you. In the event of any such termination, (a) checks received by UPS Capital after the effective termination date will not be covered under the Program and will be forwarded to the Company for processing, and (b) checks in the possession of and awaiting deposit by UPS Capital on the effective termination date may, at UPS Capitals sole option, (i) be covered under the Program, or (ii) be promptly forwarded to the Company for processing and UPS Capital shall assume no responsibility for the deposit of such checks returned to the Company. Beginning with the date of our receipt of your notice of termination or the date of our notice of termination to you, as applicable, the method by which we will determine the amount of funds to transfer to your Company Bank Account will change. You will receive a provisional credit for all checks received by UPS for delivery to us under the Program on or before the effective date of termination. However, rather than transferring to your Company Bank Account the full amount of the face amount of each check receied by us from each of your consignees, less any fees and dishonored checks, we will forward to you the lesser of (a) 50 of the amount that would otherwise be due to you or (b) 50 of the amount of your actual average daily C. O.D. collections under the Program for the month immediately prior to notice of termination. We will forward to you the remaining amount of such provisional credit, if any, less any Program fees and the full amount of any dishonored checks, within thirty (30) calendar days after the effective termination date provided, however, if this date falls on a non-Banking Day, such action will be taken on the next Banking Day. If the combined amount of any Program fees and dishonored checks exceeds the amount of funds withheld by us, we will provide you with a statement reflecting the amounts owed to us, and you agree to remit the balance within ten (10) business days after the statement date. UPS Capital reserves the right to discontinue the Program at any time and to change the features, terms and conditions of the Program from time to time, and such changes in each case will be effective on the 30th day following the date such changes are posted on our website at upscapitalsolutionscodenhancementservices. html or otherwise communicated to you unless otherwise specified by us. You agree to be bound by any such changes without further action on the part of either party unless you notify us in writing prior to the effective date of such changes. 5. Limitations of Liability. UPS Capital shall be responsible only for performing obligations expressly undertaken under the terms of the Agreement and, shall only be liable for its gross negligence or willful misconduct in performing such obligations unless otherwise expressly provided herein or required by applicable law. UPS Capital shall be entitled to rely solely on the information provided by the Company pursuant to the Agreement and shall have no liability whatsoever for the accuracy or completeness thereof. All exclusions of liability hereunder shall apply regardless of the form in which a claim for loss or damages is asserted, whether in contract, tort (including negligence), warranty, or upon any other legal or equitable grounds. Further, in no event and under no circumstances whatsoever shall UPS or UPS Capital be liable for any punitive, special, indirect, incidental or consequential losses or damages which the Company may incur in connection with participation in the Program or resulting from UPS Capitals acts or omissions pursuant to the Agreement whether or not the likelihood of such damages was or could have been known or contemplated by UPS Capital. Provided that UPS Capital shall have acted reasonably and in good faith, you acknowledge and agree that we may rely upon, and we have no responsibility to investigate, the authority of any person who submits any form regarding the Program to UPS Capital under your purported authority. You further acknowledge that any party to the Agreement may request changes to the terms of the Program and that all entities that are party to the Agreement will be deemed to have authorized any such changes. You agree to indemnify and hold UPS Capital harmless from any and all losses, damages, costs, fees, judgments or other liabilities, including reasonable legal and professional fees and charges (collectively, Damages), arising from or incurred in connection with any unauthorized request regarding the Program submitted to us under your purported authority, which request we accept and act on in good faith. The Program utilizes the banking systems of the United States and Canada. You hereby acknowledge and agree that UPS Capital shall have no responsibility or liability whatsoever for the acts or omissions of or any errors or delays caused by any person or entity, other than those persons and entities acting under UPS Capitals express authority and on UPS Capitals behalf, and no such person shall be deemed an agent of UPS Capital. Such limitation of liability shall include, but not be limited to, the acts or omissions of or any errors or delays caused by the Company or any of its employees, representatives, or agents any clearing house association, processor, or transmission or communications facility through which ACH entries may be originated any Federal Reserve Bank or any other countrys central bank and any other financial institution. In no event will UPS Capital be responsible for inspecting, acknowledging or taking any action in respect to check dates or any date or other restrictions noted or placed on a check. You further acknowledge and agree that UPS Capital shall be excused from failing to act or delay in acting if such failure or delay results from circumstances beyond our control, including but not limited to acts of God, strikes, and other labor disputes, civil disorder, catastrophes of nature, fire, explosion, natural or man-made floods or any severe weather, war, failure of a communication or computer system, nuclear attack, embargoes, actions or inactions of governmental authorities affecting either UPS Capital or our agents or if UPS Capital reasonably believed that action would have violated any law, rule or regulation. UPS Capital agrees to make reasonable efforts to prevent any such occurrence from affecting execution of its obligations under the Agreement. 6. Verschiedenes. The Agreement and any addenda or amendments thereto that you and we may enter into from time to time constitute our entire understanding and agreement with you relative to your participation in the Program. The Agreement may not be modified or amended except by our express written consent or as otherwise provided for herein. The Agreement shall be governed by Georgia law, without regard to its conflicts of laws provisions. If any disputes should arise between you and us in regard to the terms of the Agreement, or their interpretation, and you intend to take legal action to resolve such dispute, you agree to notify us of your intent at least thirty (30) calendar days prior to filing suit. Any such dispute shall be brought only in state or federal courts in the Northern District of Georgia, which all parties agree shall have exclusive jurisdiction, and you waive any claims that such jurisdiction or venue is improper, inconvenient or inappropriate. The section headings used herein have been inserted for convenience and for reference only and shall not be deemed to be a part of the Agreement. In the event any provision of the Agreement is determined to be unenforceable, the remainder of the Agreement shall continue in full force and effect until terminated in accordance with its terms. You understand that we will rely on the information you provide to us (including, without limitation, the information provided by you in the Enrollment Form) as being accurate and complete and you agree that such reliance is justified. You agree to promptly notify us of any change in the information you have provided to us. Our obligations to you under the Program shall become void if you knowingly have made a false statement to us in connection with your enrollment or participation in the Program, or in connection with any check. Upon request, you agree to provide us with any additional information we may need in order to facilitate your participation in the Program andor to comply with any applicable law, rule or regulation. If you fail to provide us with such information upon request, we may, in our sole discretion, terminate the Agreement immediately upon written notice to you. Without limiting the generality of the foregoing, you represent and warrant (which representation and warranty shall be deemed to be continuing and remade by you each time we handle a check under the terms of this Agreement) that the commodities shipped by you via UPS (1) are permitted to be shipped in accordance with the Terms and the UPS Rate and Service Guide, in each case as in effect at the time of shipping, (2) without limitation of clause (1), do not violate any federal, state, provincial or local laws or regulations applicable at any time to such commodities or the shipment thereof, and (3) without limitation of clauses (1) and (2), are not prescription drugs, drug paraphernalia (including but not limited to water bongs, marijuana pipes and other accessories intended for use with illegal drugs, and synthetic urine and other drug masking products) or substances listed as controlled under a state or federal law. You agree that UPS or UPS Capital have the right to audit you at any time and for any reason. The scope of these audits may include but is not limited to: opening and inspecting your packages and examining and reviewing your books, records, facilities, product lists andor customer lists. You acknowledge and agree that we may not return to you any unauthorized shipments found through package audits. You agree to indemnify, defend, and hold harmless UPS Capital, its parent corporation, and affiliated companies, their officers, directors, employees, agents, and their successors and assigns, from all claims, demands, expenses, liabilities, causes of action, enforcement procedures, and suits of any kind or nature brought by a governmental agency, or any other person or entity, arising from or related to your nonconformance with governmental laws or regulations applicable to any of your shipments via UPS or with UPS requirements applicable to any such shipment, from your tendering any prohibited item for shipment, your failure to comply with the Terms or your breach of the foregoing representation and warranty. The provisions of the Agreement shall be binding upon and shall inure to the benefit of the Company and UPS Capital and each of their respective successors and assigns provided, however, that the Company may not, without the prior written consent of UPS Capital, assign any of its rights or powers, or delegate any of its duties or obligations hereunder and any prohibited assignment or delegation shall be void. UPS Capital may, at any time and without any notice to or consent by the Company, assign any of its rights or powers, or delegate any of its duties or obligations, hereunder. Notices to you pursuant to the Agreement, when required to be in writing, may be made, in our discretion, via U. S. Mail, via facsimile, via email to the address provided by you on your Enrollment Form (or to the most recent address, fax number or email address provided by you to UPS Capital if different from the information provided on the Enrollment Form), or by the posting of such information on our website at upscapitalsolutionscodenhancementservices. html. In the event that the Enrollment Form was signed by more than one company, notices to each Company that is a party to the Agreement shall be deemed given when delivered as specified above to any Company identified on the Enrollment Form. C. O.D. SECURE reg Terms and Conditions The following terms and conditions, as may be amended from time to time, including by the Applicable Terms Addendum (ATA) and any other applicable addenda hereto, (collectively, the Terms and Conditions) and the Enrollment and Authorization Form, as may be amended from time to time, that has been or will be delivered by you to us (the Enrollment Form and, together with these Terms and Conditions, the Agreement), shall govern your participation in the C. O.D. Secure Program (the Program) offered by UPS Capital Trade Protection Services, Inc. (UPS Capital, we or us). Unless otherwise specified herein, the words you, your and yours mean the Company enrolled in the Program and, unless otherwise defined herein, capitalized terms used herein have the meanings given to them in your Enrollment Form. UPS Capital, in its sole discretion, will determine whether you have been accepted as a participant in the Program and will notify you of its decision. Upon your acceptance in the Program, you and we agree as follows: 1. Program Description: nder the Program, UPS Capital will purchase checks or other non-cash remittances (collectively, checks) received from your consignees on your UPS reg C. O.D. shipments under the Program in order to expedite their remittance to you. Instead of sending you the checks received from your consignees, we will electronically transfer the check amounts without waiting for collection, less our Service Fee and certain other amounts described in Section 3 below, to the bank account(s) you specify in the Enrollment Form or later add by submitting a Program Information Change (PIC) Form or new Enrollment Form to us (the Company Bank Account), generally within two (2) to three (3) Banking Days of the date that the C. O.D. shipment was delivered and the check was received. A Banking 2. Day is defined as any day (other than Saturday or Sunday) on which your and our banks are open and accepting deposits. You must timely notify UPS reg if you have not received payment for a C. O.D. shipment that has been delivered. Please refer to the UPS TariffTerms and Conditions of Service, an electronic copy of which may be accessed at upscontentusenservice. html, (the Terms) for applicable notification and claim filing deadlines. You hereby acknowledge and agree that neither UPS or UPS Capital are responsible for inspecting checks for accuracy of check dates or any date restrictions that may be placed on a check. You further acknowledge and agree that neither UPS or UPS Capital 3. shall be responsible for any penalty, fee or charge incurred by you or any of your consignees for the processing of a check before its date, or at any date after its date (even if more than six (6) months after its date) or as otherwise provided in any legend or memo placed on the check. You agree to ship C. O.D. packages using the most recent version of WorldShip reg provided by UPS, WorldShip compatible software, or UPS approved Vendor or Host Manifesting system which transmits package level detail (PLD) electronically in a format acceptable to UPS. Only the UPS shipper numbers provided by you on the Enrollment Form for participation in C. O.D. Secure or later added by you submitting a PIC Form or new Enrollment Form to us will be included in the Program. You agree to provide any authorizations necessary for us to endorse and deposit the checks into a bank account established by us for purposes of the Program and to initiate credits and debits to your Company Bank Account from time to time, as provided herein. You hereby grant to UPS Capital a power-of-attorney to endorse and deposit checks purchased hereunder, to take any and all other actions on your behalf as may be necessary or desirable to collect any monies due and owing to you or UPS Capital by your consignees including the commencement of legal proceedings or to otherwise carry out the purposes of the Program, such power-of-attorney to be irrevocable and coupled-with-an-interest. You agree that you are assigning to us all rights to payment of the checks we are purchasing, including all rights to collect on the checks and to enforce the related payment obligations of your consignee. You hereby represent and warrant to us that no contractual arrangements or internal privacy policies prohibit your ability to share information with us about consignees in connection with our collection efforts. You understand and acknowledge that UPS Capital will not be extending credit to you as part of the Program and is purchasing the checks received from your consignees. During your enrollment in the Program, you agree to pay to UPS Capital the Service Fee as defined in Section 2 below, in exchange for which we will not ask you to reimburse us for the amount of checks that are dishonored due to your consignees financial inability to pay, up to the amount of the daily liability limit as described in Section 3 below. You acknowledge and agree that we will attempt to collect for our own behalf the amount of checks dishonored due to a consignees financial inability to pay, and you agree to cooperate with us in all respects with such collection efforts, including those to establish that the check claim is a valid and sustainable obligation of the consignee. For the avoidance of any doubt, UPS Capital is not providing credit or any other type of insurance to you under the Program. 2. Service Fees. The service fees for checks handled by us under the Program (individually and collectively, the Service Fee) are as set forth on the ATA, and may be amended by us from time to time upon 30 calendar days prior written notice to you provided, however, that changes to the Service Fee that are in your favor (e. g. the reduction or elimination of a fee) may, in our sole discretion, take effect in less than 30 calendar days as provided in our notice to you. The Service Fee is separate from and independent of any fees or charges incurred by you in connection with one or more separate but related agreements between you and UPS for small package services, including COD delivery services. 3. DLLDishonored Checks Exceeding the DLLPayments Due to Us. During the term of the Agreement, all checks received from your consignees in payment of C. O.D. shipments under the Program are covered for up to a maximum amount per consignee per delivery date as provided on the ATA (the daily liability limit or DLL). UPS Capital reserves the right to change the DLL at its sole discretion upon ten (10) days prior notice to you provided, however, that changes to the DLL that are in your favor (e. g. an increase of your DLL) may, in our sole discretion, take effect in less than 10 calendar days as provided in our notice to you. The amount of all dishonored checks will be itemized on the Program statements we provide to you via email each weekday (other than on Federal holidays or weekdays when we are not open for business) that there is activity under the Program. If the amount of dishonored checks exceeds the DLL on any day, the overage shall be your responsibility and you will be obligated to pay us for all such overage amounts. In addition, you will pay us a collection charge of 20 of the amount in excess of the DLL for checks we collect. We will notify you via your Program statement of any such overage amounts due to us and we will withhold such amount from your next remittance(s). You will remain responsible for checks which are dishonored due to a return of goods, damage to goods or any other dispute between you and the consignee (including any defense, defect, right of setoff or counterclaim claimed by your consignee against you for any reason), acts of God, war and civil strife, warranty claims and also checks that involve intentional dishonesty, willful misconduct or illegal acts by you or at your direction or with your knowledge. In all such cases, you will be obligated to repurchase any and all such checks from us for the full face amount thereof. In this connection, you agree to take reasonable measures to prevent and mitigate losses and disputes, including by establishing and adhering to clearly defined return policies. We may also, at our sole discretion, exclude checks of certain of your consignees from inclusion in the Program by giving notice to you of their exclusion from Program coverage. After we provide notice of exclusion of such consignee to you, all amounts with regard to such consignee shall be your responsibility and you will be obligated to pay us for any and all dishonored checks from such consignee. UPS Capital shall have full, unconditional recourse to you for non - payment of all amounts due to us as set forth in the Agreement and you agree to pay any and all such amounts due and owing to us according to the terms hereof. For the avoidance of any doubt, any liability for non-payment of amounts due hereunder shall be joint and several among all entities listed on the Enrollment Form and thus, parties to the Agreement. You hereby acknowledge and agree that all of your payment obligations hereunder shall be absolute, unconditional and, for the purpose of making payments hereunder, you hereby waive any right to assert any setoff, counterclaim or cross-claim for any reason including, but not limited to, shipping claims. You hereby waive presentment, demand, notice of dishonor, protests and all other notices whatsoever in connection with the enforcement of your payment obligations hereunder. In the event that there is any discrepancy between your records and ours regarding the amounts owed by you hereunder, our records shall be deemed correct and shall control absent manifest error. Any amounts which you are obligated to pay us under the Program (for example, when the amount of returned checks exceeds the DLL for such day, as reflected on your statement) will be deducted from our remittances to you on subsequent days until the amounts owed to us are paid in full. If remittances are insufficient for us to recover amounts owed to us by you, then we will debit your Company Bank Account and you hereby authorize and direct us to make any and all such debits without the necessity of providing you with prior notice thereof. We may subtract from current remittances due to you or debit your Company Bank Account for any outstanding amounts i) due to us under or in connection with any other C. O.D. program offered by us and in which you participate, ii) that you owe to UPS for C. O.D. delivery or any other shipping services or iii) otherwise incurred by you and due and owing under or in connection with any agreement between you and UPS or UPS Capital. As security for your obligations arising hereunder and under any agreement governing the terms of any other C. O.D. program offered by us in which you may now or hereafter participate, you hereby grant us a lien on and security interest in your Company Bank Account(s) and authorize us to take any action to perfect our rights therein. Without limiting the foregoing in any way, you agree to enter into deposit account control agreements for any Company Bank Account as UPS Capital may, in our sole discretion, deem necessary to protect our interests under the Agreement. We may, at any time, request instead that you pay us directly for any amount you owe to us, and you agree to pay such amount within five (5) business days of such request. Any amounts owing to us after such grace period ends shall bear interest until paid at an annual rate equal to the lesser of the Prime Rate of interest as announced in The Wall Street Journal on the last business day of each month plus five percent (5) or the highest rate permitted by applicable law. If payment has not been received or a mutually agreed upon payment plan has not been established within five (5) business days after receiving a request for payment, we reserve the right to take any and all additional action permitted by applicable law to ensure collection of such deficient payments. You also agree to pay all costs and expenses incurred by UPS Capital in any efforts undertaken to enforce our rights hereunder or to collect any amounts owed to us hereunder, including, without limitation, attorneys fees at the rate of fifteen percent (15) of the aggregate amount of obligations owing by you hereunder or the highest amount permitted by applicable law. Your payment obligations hereunder shall be binding upon your successors and permitted assigns. Upon a determination by UPS Capital, in its sole and absolute discretion, your continuing participation in the Program may require a security deposit, corporate or individual guarantees andor a letter of credit or other collateral satisfactory to us. You agree to indemnify us from any and all losses, damages, costs, fees, judgments or other liabilities, including reasonable legal and professional fees and charges (collectively, Avoidance Action Liabilities), arising from or incurred in connection with an effort, demand or action to avoid a transfer by you or a consignee to or for the benefit of UPS, UPS Capital or any of their respective affiliates, whether such matter is raised or brought under the federal bankruptcy code, 11 U. S.C. 547, 548, 549, 550 or 551, or any similar state or federal law allowing for the avoidance of payments as preferences, as fraudulent conveyances or transfers, or as other voidable transfers of any type or kind (collectively, Avoidance Actions). In the event an Avoidance Action is filed or threatened, we shall retain counsel (and any other necessary professionals) of our choosing, and you agree to reimburse us, as and when they are incurred, for any Avoidance Action Liabilities. You further agree to indemnify us for your pro rata share of Avoidance Action Liabilities arising from or incurred in connection with an effort, demand or action to avoid a transfer by a consignee to or for the benefit of UPS, UPS Capital or their affiliates. Your pro rata share will be determined by the amount the Avoidance Action Liability for a particular check exceeds our DLL. The Agreement is not intended to and shall not reflect a transfer to UPS or UPS Capital of title or possession of any goods or property shipped for any purpose, including state sales and use taxes. Neither UPS nor UPS Capital shall have any responsibility to collect, remit or report sales and use taxes in any jurisdiction in connection with goods shipped under or in connection with the Agreement. You are solely responsible for those obligations, and you will indemnify UPS and UPS Capital for any sales and use taxes, interest, penalties and other expenses or damages, including reasonable attorneys fees and charges, incurred by UPS or UPS Capital as a result of any failure on your part to comply with applicable sales and use tax obligations. 4. Term and Termination. The Agreement is effective immediately upon your receipt of notice of our acceptance of your enrollment into the Program and will remain in effect, as modified by us from time to time, until terminated by you or us as provided herein. You may terminate your participation in the Program at any time by providing at least fifteen (15) calendar days prior written notice to us at 425 Day Hill Road, Windsor, CT 06095, ATTN: C. O.D. Kundendienst. We may terminate your participation in the Program (i) at any time by providing at least ten (10) calendar days prior written notice to you at your last known address or (ii) immediately and without prior notice, (a) if you should fail to pay or perform any of your obligations to us under the Program or the Agreement (b) if you terminate all or any part of the authorizations contained in your Enrollment Form or close or place restrictions affecting payment of amounts due hereunder on your Company Bank Account without providing alternate account information on a PIC Form or new Enrollment Form (c) if necessary (as determined by us in our sole discretion) for us to comply with any applicable law, rule or regulation (d) if you are in default of your obligations under any other agreement between you and us or any of our affiliates or (e) upon the occurrence of any of the following events: you (1) undergo liquidation or dissolution, (2) commence (or have commenced against you) bankruptcy proceedings or other similar proceedings, (3) sell all or substantially all of your assets, or (4) suffer a material adverse change in your financial condition, and you agree to notify us in writing within three (3) business days following the occurrence of any of the foregoing events. In the event of any such termination, (a) checks received by UPS Capital after the effective termination date will not be covered under the Program and will be forwarded to the Company for processing, and (b) checks in the possession of and awaiting deposit by UPS Capital on the effective termination date may, at UPS Capitals sole option, (i) be covered under the Program, or (ii) be promptly forwarded to the Company for processing and UPS Capital shall assume no responsibility for the deposit of such checks returned to the Company. PS Capital reserves the right to discontinue the Program at any time and to change the features, terms and conditions of the Program from time to time, and such changes in each case will be effective on the 30th day following the date such changes are posted on our website at upscapitalsolutionscodenhancementservices. html or otherwise communicated to you unless otherwise specified by us. You agree to be bound by any such changes without further action on the part of either party unless you notify us in writing prior to the effective date of such changes. 5. Limitations of Liability. UPS Capital shall be responsible only for performing obligations expressly undertaken under the terms of the Agreement and, shall only be liable for its gross negligence or willful misconduct in performing such obligations unless otherwise expressly provided herein or required by applicable law. UPS Capital shall be entitled to rely solely on the information provided by the Company pursuant to the Agreement and shall have no liability whatsoever for the accuracy or completeness thereof. All exclusions of liability hereunder shall apply regardless of the form in which a claim for loss or damages is asserted, whether in contract, tort (including negligence), warranty, or upon any other legal or equitable grounds. Further, in no event and under no circumstances whatsoever shall UPS or UPS Capital be liable for any punitive, special, indirect, incidental or consequential losses or damages which the Company may incur in connection with participation in the Program or resulting from UPS Capitals acts or omissions pursuant to the Agreement whether or not the likelihood of such damages was or could have been known or contemplated by UPS Capital. Provided that UPS Capital shall have acted reasonably and in good faith, you acknowledge and agree that we may rely upon, and we have no responsibility to investigate, the authority of any person who submits any form regarding the Program to UPS Capital under your purported authority. You further acknowledge that any party to the Agreement may request changes to the terms of the Program and that all entities that are party to the Agreement will be deemed to have authorized any such changes. You agree to indemnify and hold UPS Capital harmless from any and all losses, damages, costs, fees, judgments or other liabilities, including reasonable legal and professional fees and charges (collectively, Damages), arising from or incurred in connection with any unauthorized request regarding the Program submitted to us under your purported authority, which request we accept and act on in good faith. The Program utilizes the banking systems of the United States and Canada. You hereby acknowledge and agree that UPS Capital shall have no responsibility or liability whatsoever for the acts or omissions of or any errors or delays caused by any person or entity, other than those persons and entities acting under UPS Capitals express authority and on UPS Capitals behalf, and no such person shall be deemed an agent of UPS Capital. Such limitation of liability shall include, but not be limited to, the acts or omissions of or any errors or delays caused by the Company or any of its employees, representatives, or agents any clearing house association, processor, or transmission or communications facility through which ACH entries may be originated any Federal Reserve Bank or any other countrys central bank and any other financial institution. In no event will UPS Capital be responsible for inspecting, acknowledging or taking any action in respect to check dates or any date or other restrictions noted or placed on a check. You further acknowledge and agree that UPS Capital shall be excused from failing to act or delay in acting if such failure or delay results from circumstances beyond our control, including but not limited to acts of God, strikes, and other labor disputes, civil disorder, catastrophes of nature, fire, explosion, natural or man-made floods or any severe weather, war, failure of a communication or computer system, nuclear attack, embargoes, actions or inactions of governmental authorities affecting either UPS Capital or our agents or if UPS Capital reasonably believed that action would have violated any law, rule or regulation. UPS Capital agrees to make reasonable efforts to prevent any such occurrence from affecting execution of its obligations under the Agreement. 6. Verschiedenes. The Agreement and any addenda or amendments thereto that you and we may enter into from time to time constitute our entire understanding and agreement with you relative to your participation in the Program. The Agreement may not be modified or amended except by our express written consent or as otherwise provided for herein. The Agreement shall be governed by Georgia law, without regard to its conflicts of laws provisions. If any disputes should arise between you and us in regard to the terms of the Agreement, or their interpretation, and you intend to take legal action to resolve such dispute, you agree to notify us of your intent at least thirty (30) calendar days prior to filing suit. Any such dispute shall be brought only in state or federal courts in the Northern District of Georgia, which all parties agree shall have exclusive jurisdiction, and you waive any claims that such jurisdiction or venue is improper, inconvenient or inappropriate. The section headings used herein have been inserted for convenience and for reference only and shall not be deemed to be a part of the Agreement. In the event any provision of the Agreement is determined to be unenforceable, the remainder of the Agreement shall continue in full force and effect until terminated in accordance with its terms. You understand that we will rely on the information you provide to us (including, without limitation, the information provided by you in the Enrollment Form) as being accurate and complete and you agree that such reliance is justified. You agree to promptly notify us of any change in the information you have provided to us. Our obligations to you under the Program shall become void if you knowingly have made a false statement to us in connection with your enrollment or participation in the Program, or in connection with any check. Upon request, you agree to provide us with any additional information we may need in order to facilitate your participation in the Program andor to comply with any applicable law, rule or regulation. If you fail to provide us with such information upon request, we may, in our sole discretion, terminate the Agreement immediately upon written notice to you. Without limiting the generality of the foregoing, you represent and warrant (which representation and warranty shall be deemed to be continuing and remade by you each time we handle a check under the terms of this Agreement) that the commodities shipped by you via UPS (1) are permitted to be shipped in accordance with the Terms and the UPS Rate and Service Guide, in each case as in effect at the time of shipping, (2) without limitation of clause (1), do not violate any federal, state, provincial or local laws or regulations applicable at any time to such commodities or the shipment thereof, and (3) without limitation of clauses (1) and (2), are not prescription drugs, drug paraphernalia (including but not limited to water bongs, marijuana pipes and other accessories intended for use with illegal drugs, and synthetic urine and other drug masking products) or substances listed as controlled under a state or federal law. You agree that UPS or UPS Capital have the right to audit you at any time and for any reason. The scope of these audits may include but is not limited to: opening and inspecting your packages and examining and reviewing your books, records, facilities, product lists andor customer lists. You acknowledge and agree that we may not return to you any unauthorized shipments found through package audits. You agree to indemnify, defend, and hold harmless UPS Capital, its parent corporation, and affiliated companies, their officers, directors, employees, agents, and their successors and assigns, from all claims, demands, expenses, liabilities, causes of action, enforcement procedures, and suits of any kind or nature brought by a governmental agency, or any other person or entity, arising from or related to your nonconformance with governmental laws or regulations applicable to any of your shipments via UPS or with UPS requirements applicable to any such shipment, from your tendering any prohibited item for shipment, your failure to comply with the Terms or your breach of the foregoing representation and warranty. The provisions of the Agreement shall be binding upon and shall inure to the benefit of the Company and UPS Capital and each of their respective successors and assigns provided, however, that the Company may not, without the prior written consent of UPS Capital, assign any of its rights or powers, or delegate any of its duties or obligations hereunder and any prohibited assignment or delegation shall be void. UPS Capital may, at any time and without any notice to or consent by the Company, assign any of its rights or powers, or delegate any of its duties or obligations, hereunder. Notices to you pursuant to the Agreement, when required to be in writing, may be made, in our discretion, via U. S. Mail, via facsimile, via email to the address provided by you on your Enrollment Form (or to the most recent address, fax number or email address provided by you to UPS Capital if different from the information provided on the Enrollment Form), or by the posting of such information on our website at upscapitalsolutionscodenhancementservices. html. In the event that the Enrollment Form was signed by more than one company, notices to each Company that is a party to the Agreement shall be deemed given when delivered, as specified above, to any Company identified on the Enrollment Form. C. O.D. DELAYED DEPOSIT Terms and Conditions The following terms and conditions, as may be amended from time to time, including by the Applicable Terms Addendum (ATA) and any other applicable addenda hereto, (collectively, the Terms and Conditions), together with the Enrollment and Authorization Form, as may be amended from time to time, that has been or will be delivered by you to us (the Enrollment Form and, together with these Terms and Conditions, the Agreement), shall govern your participation in the C. O.D. Delayed Deposit Add-on Program (the Program) offered by UPS Capital Trade Protection Services, Inc. (UPS Capital, we or us) to participants in the C. O.D. Direct SM Program, C. O.D. Automatic reg Program, or C. O.D. Secure reg Program (each a Primary Program and collectively, the Primary Programs). In the event of a conflict between these Terms and Conditions and the terms and conditions applicable to the Primary Program(s) to which the Program is added, these terms and conditions shall control. Unless otherwise specified herein, the words you, your and yours mean the Company enrolled in the Program and, unless otherwise defined herein, capitalized terms used herein have the meanings given to them in the Enrollment Form. UPS Capital, in its sole discretion, will determine whether you have been accepted as a participant in the Program and will notify you of its decision. Upon your acceptance in the Program, you and we agree as follows: 1. Program Description: Under the Program, we will deposit the checks or other non-cash remittances (collectively, checks), excluding Prepaid Items (as defined below), received by us from your consignees on the date specified by you in writing (the Deposit Date) and then electronically transfer the check amounts, less our Service Fee and certain other amounts described in Section 3 below, to the bank account(s) you specify in the Enrollment Form or later add by submitting a Program Information Change (PIC) Form or new Enrollment Form to us (the Company Bank Account), generally within six (6) Banking Days of the date the check was deposited. A Banking Day is defined as any day (other than Saturday or Sunday) on which your and our banks are open and accepting deposits. If the Deposit Date is not a Banking Day, such checks will be deposited on the first Banking Day following the Deposit Date. You must timely notify UPS reg if check and payment information have not been provided on a Deposit Scheduling Report (as defined in Section 5 below) for a C. O.D. shipment that has been delivered under the Program. Please refer to the UPS TariffTerms and Conditions of Service, an electronic copy of which may be accessed at upscontentusenservice. html, (the Terms) for applicable notification and claim filing deadlines. You hereby acknowledge and agree that neither UPS reg or UPS Capital are responsible for inspecting checks for accuracy of check dates or any date restrictions that may be placed on a check. You further acknowledge and agree that neither UPS or UPS Capital shall be responsible for any penalty, fee or charge incurred by you or any of your consignees for the processing of a check before its date, or at any date after its date (even if more than six (6) months after its date) or as otherwise provided in any legend or memo placed on the check. Money orders, travelers checks, cashiers checks and other forms of prepaid or cash equivalent items (collectively, Prepaid Items) are not eligible for delayed deposit. Further, in the event that UPS Capital shall receive a single check from a consignee for more than one C. O.D. shipment sent by multiple shippers (a Multi-Shipment Check), such Multi-Shipment Check shall not be eligible for delayed deposit. You hereby acknowledge and agree that any such Prepaid Item or Multi-Shipment Check received by us from your consignee shall be deposited and funds transferred to you pursuant to the terms of the Primary Program (if you participate in more than one Primary Program to which this Program has been added, the Prepaid Item or Multi-Shipment Check shall be processed pursuant to the terms and conditions of the C. O.D. Direct Program or, if you do not participate in the C. O.D. Direct Program then, pursuant to the terms of the C. O.D. Automatic Program or such other Primary Program as UPS Capital may select in our sole discretion). In the event that UPS Capital shall receive a check or checks from your consignee for an amount less than the amount due to you, the amount of any such underpayment shall be paid to you pursuant to the terms of your shipping contract with UPS by means of a separate credit from UPS (the Short-Pay Credit). Such Short-Pay Credit will not be subject to the terms of the Program, but rather shall be issued and the amount of the Short-Pay Credit provided by UPS to us for deposit in the Company Bank Account on the last deposit date selected by you for that shipment. You agree to ship C. O.D. packages using the most recent version of WorldShip reg provided by UPS, WorldShip compatible software, or UPS approved Vendor or Host Manifesting system which transmits package level detail (PLD) electronically in a format acceptable to UPS. Only the UPS shipper numbers provided by you on the Enrollment Form for participation in C. O.D. Delayed Deposit or later added by you submitting a PIC Form or new Enrollment Form to us will be included in the Program. You agree to provide any authorizations necessary for us to endorse and deposit the checks into a bank account established by us for purposes of the Program and to initiate credits and debits to your Company Bank Account from time to time, as provided herein. You agree to take reasonable measures to prevent and mitigate losses and disputes, including by establishing and adhering to clearly defined return policies. You understand and acknowledge that UPS Capital (1) may be advancing to you funds otherwise due to you from your consignees (2) is not purchasing your accounts receivable or checks received from your consignees in payment of C. O.D. shipments and (3) is not a depository institution and that amounts deposited into UPS Capitals bank account are not covered by FDIC insurance for the benefit of any Program participant. 2. Service Fees. The service fees for checks handled by us under the Program (individually and collectively, the Service Fee) are as set forth on the ATA, and may be amended by us from time to time upon 30 calendar days prior written notice to you provided, however, that changes to the Service Fee that are in your favor (e. g. the reduction or elimination of a fee) may, in our sole discretion, take effect in less than 30 calendar days as provided in our notice to you. The Service Fee is separate from and independent of any fees or charges incurred by you in connection with one or more separate but related agreements between you and UPS for small package services, including COD delivery services. 3. Dishonored ChecksPayments Due to Us. If a check is dishonored, we will deduct the full amount of such dishonored check from your next remittance. The amount of all dishonored checks will be itemized on the Program statements we provide to you via email on each weekday (other than on Federal holidays or weekdays when we are not open for business) there is activity under the Program. Dishonored checks will be returned to you via U. S. Mail. UPS Capital shall have full, unconditional recourse to you for non - payment of all amounts due to us as set forth in the Agreement and you agree to pay any and all such amounts due and owing to us according to the terms hereof. For the avoidance of any doubt, any liability for non - payment of amounts due hereunder shall be joint and several among all entities listed on the Enrollment Form and thus parties to the Agreement. You hereby acknowledge and agree that all of your payment obligations hereunder shall be absolute, unconditional and, for the purpose of making payments hereunder, you hereby waive any right to assert any setoff, counterclaim or cross-claim for any reason including, but not limited to, shipping claims. You hereby waive presentment, demand, notice of dishonor, protests and all other notices whatsoever in connection with the enforcement of your payment obligations hereunder. In the event that there is any discrepancy between your records and ours regarding the amounts owed by you hereunder, our records shall be deemed correct and shall control absent manifest error. Any amounts which you are obligated to pay us under the Program (for example, when the amount of returned checks exceeds the value of C. O.D. checks collected, as reflected on your statement and including any obligations arising after cancellation of the Agreement) will be deducted from our remittances to you on subsequent days until the amounts owed to us are paid in full. If remittances are insufficient for us to recover amounts owed to us by you, then we will debit your Company Bank Account and you hereby authorize and direct us to make any and all such debits without the necessity of providing you with prior notice thereof. We may subtract from current remittances due to you or debit your Company Bank Account for any outstanding amounts (i) due to us under or in connection with any other C. O.D. program offered by us and in which you participate, (ii) that you owe to UPS for C. O.D. delivery or any other shipping services or (iii) otherwise incurred by you and due and owing under or in connection with any agreement between you and UPS or UPS Capital. As security for your obligations arising hereunder and under any agreement governing the terms of any other C. O.D. program offered by us in which you may now or hereafter participate, you hereby grant us a lien on and security interest in your Company Bank Account, and authorize us to take any action to perfect our rights therein. Without limiting the foregoing in any way, you agree to enter into deposit account control agreements for any Company Bank Account as UPS Capital may, in our sole discretion, deem necessary to protect our interests under the Agreement. We may, at any time, request instead that you pay us directly for any amount you owe to us, and you agree to pay such amount within five (5) business days of such request. Any amounts owing to us after such grace period ends shall bear interest until paid at an annual rate equal to the lesser of the Prime Rate of interest as announced in The Wall Street Journal on the last business day of each month plus five percent (5) or the highest rate permitted by applicable law. If payment has not been received or a mutually agreed upon payment plan has not been established within five (5) business days after receiving a request for payment, we reserve the right to take any and all additional action permitted by applicable law to ensure collection of such deficient payments. You also agree to pay all costs and expenses incurred by UPS Capital in any efforts undertaken to enforce our rights hereunder or to collect any amounts owed to us hereunder, including, without limitation, attorneys fees at the rate of fifteen percent (15) of the aggregate amount of obligations owing by you hereunder or the highest amount permitted by applicable law. Your payment obligations hereunder shall be binding upon your successors and permitted assigns. You agree to indemnify us from any and all losses, damages, costs, fees, judgments or other liabilities, including reasonable legal and professional fees and charges (collectively, Avoidance Action Liabilities), arising from or incurred in connection with an effort, demand or action to avoid a transfer by you or a consignee to or for the benefit of UPS, UPS Capital or any of their respective affiliates, whether such matter is raised or brought under the federal bankruptcy code, 11 U. S.C. 547, 548, 549, 550 or 551, or any similar state or federal law allowing for the avoidance of payments as preferences, as fraudulent conveyances or transfers, or as other voidable transfers of any type or kind (collectively, Avoidance Actions). In the event an Avoidance Action is filed or threatened, we shall retain counsel (and any other necessary professionals) of our choosing, and you agree to reimburse us, as and when they are incurred, for any Avoidance Action Liabilities. The Agreement is not intended to and shall not reflect a transfer to UPS or UPS Capital of title or possession of any goods or property shipped for any purpose, including state sales and use taxes. Neither UPS nor UPS Capital shall have any responsibility to collect, remit or report sales and use taxes in any jurisdiction in connection with goods shipped under or in connection with the Agreement. You are solely responsible for those obligations, and you will indemnify UPS and UPS Capital for any sales and use taxes, interest, penalties and other expenses or damages, including reasonable attorneys fees and charges, incurred by UPS or UPS Capital as a result of any failure on your part to comply with applicable sales and use tax obligations. 4. Term and Termination. The Agreement is effective immediately upon your receipt of notice of our acceptance of your enrollment into the Program and will remain in effect, as modified by us from time to time, until terminated by you or us as provided herein. You may terminate your participation in the Program at any time by providing at least fifteen (15) calendar days prior written notice to us at 425 Day Hill Road, Windsor, CT 06095, ATTN: C. O.D. Kundendienst. We may terminate your participation in the Program (i) at any time by providing at least ten (10) calendar days prior written notice to you at your last known address or (ii) immediately and without prior notice, (a) if you should fail to pay or perform any of your obligations to us under the Program or the Agreement (b) if you terminate all or any part of the authorizations contained in the Enrollment Form or close or place restrictions affecting payment of amounts due hereunder on your Company Bank Account without providing alternate account information on a PIC Form or new Enrollment Form (c) if necessary (as determined by us in our sole discretion) for us to comply with any applicable law, rule or regulation (d) if you are in default of your obligations under any other agreement between you and us or any of our affiliates or (e) upon the occurrence of any of the following events: you (1) undergo liquidation or dissolution, (2) commence (or have commenced against you) bankruptcy proceedings or other similar proceedings, (3) sell all or substantially all of your assets, or (4) suffer a material adverse change in your financial condition, and you agree to notify us in writing within three (3) business days following the occurrence of any of the foregoing events provided, however, that during any pilot period, we may terminate your participation in the Program for any or no reason immediately upon notice of such termination to you. In the event of any such termination, (a) checks received by UPS Capital after the effective termination date will not be covered under the Program and will be forwarded to the Company for processing, and (b) checks in the possession of and awaiting deposit by UPS Capital on the effective termination date may, at UPS Capitals sole option, (i) be covered under the Program, or (ii) be promptly forwarded to the Company for processing and UPS Capital shall assume no responsibility for the deposit of such checks returned to the Company. Beginning with the date of our receipt of your notice of termination or the date of our notice of termination to you, as applicable, the method by which we will determine the amount of funds to transfer to your Company Bank Account will change. You will receive a provisional credit for all checks deposited by UPS Capital under the Program on or before the effective date of termination. However, rather than transferring to your Company Bank Account the full amount of the face amount of each check received by us from each of your consignees, less any fees and dishonored checks, we will forward to you the lesser of (a) 50 of the amount that would otherwise be due to you or (b) 50 of the amount of your actual average daily C. O.D. collections under the Program for the month immediately prior to notice of termination. We will forward to you the remaining amount of such provisional credit, if any, less any Program fees and the full amount of any dishonored checks, within thirty (30) calendar days after the effective termination date provided, however, if this date falls on a non-Banking Day, such action will be taken on the next Banking Day. If the combined amount of any Program fees and dishonored checks exceeds the amount of funds withheld by us, we will provide you with a statement reflecting the amounts owed to us, and you agree to remit the balance within ten (10) business days after the statement date. UPS Capital reserves the right to discontinue the Program at any time and to change the features, terms and conditions of the Program from time to time, and such changes in each case will be effective on the 30th day following the date such changes are posted on our website at upscapitalsolutionscodenhancementservices. html (the Delayed Deposit Website) or otherwise communicated to you unless otherwise specified by us. You agree to be bound by any such changes without further action on the part of either party unless you notify us in writing prior to the effective date of such changes. 5. Delayed Deposit Process. Upon our approval of your enrollment in the Program, you will receive a user identification (your MY UPS ID) for access to the Delayed Deposit Website. Your MY UPS ID should not be disclosed to any person that you do not authorize to access your information on the Delayed Deposit Website and give direction regarding your Delayed Deposits. Using C. O.D. shipping data provided by UPS approximately two (2) days following package delivery, UPS Capital will create and make available on the Delayed Deposit Website a report in substantially the form attached hereto as Exhibit A (the Deposit Scheduling Report) containing C. O.D. shipment and check information for the Company, if any, provided to us as of the date of the Deposit Scheduling Report and that has not been previously reported to you. The updated Deposit Scheduling Report will be available on the Delayed Deposit Website no later than 12:00 p. m. Eastern Time on each Banking Day. We will send an email alert to you no later than 12:00 p. m. Eastern Time on each Banking Day for which there is new C. O.D. shipment and check information at the email address provided by you on the Enrollment Form to notify you of pending C. O.D. deposits. The Company will access the Deposit Scheduling Report by logging into the Delayed Deposit Website. Each time the Company is notified via email of new pending C. O.D. deposits, the Company will log in to the Delayed Deposit Website and enter the Deposit Date for each C. O.D. check listed on the report. Note: The Deposit Scheduling Report will be available to you online before UPS Capital has physical possession of the checks, so the Deposit Date must be at least two (2) Banking Days following the date of the Deposit Scheduling Report. Each check will be deposited on the Deposit Date specified by you in the Deposit Scheduling Report or, if the Deposit Date specified by you is not a Banking Day, on the first Banking Day following the Deposit Date. The Deposit Date must be within ninety (90) calendar days of the package delivery date. If you specify a Deposit Date that is greater than ninety (90) days from the package delivery date, UPS Capital will deposit such check on the date that is ninety (90) calendar days after the package delivery date or, if such date is not a Banking Day, on the first Banking Day immediately following such date. If you specify a Deposit Date less than two (2) Banking Day following the date of the Deposit Scheduling Report, UPS Capital will deposit such check at the earliest practical date, which is usually the next Banking Day. If you do not specify a Deposit Date for any check listed on a Deposit Scheduling Report within five (5) Banking Days of the Deposit Scheduling Report being made available to you, such check will be deposited a number of days following the C. O.D. package delivery date as set out on the ATA (the Default Deposit Number of Days and the date of such delivery, the Default Date). If the Default Date falls on a date that is not a Banking Day, UPS Capital will deposit such check on the first Banking Day immediately following the Default Date. UPS Capital is not responsible for any claims or losses resulting from the Companys delay or failure in specifying a Deposit Date for any check listed on a Deposit Scheduling Report. Any change to a Deposit Date must be made by 5:00 p. m. Eastern Time on the scheduled Deposit Date or the Default Date. In addition to the Deposit Scheduling Report, UPS Capital will provide a separate report via email (the Status Report), substantially in the Form attached hereto as Exhibit B, to the Company each Banking Day indicating (i) checks that have been deposited and (ii) checks that are being held for delayed deposit. 6. Security Procedures Limitations of Liability. You hereby acknowledge that anyone with access to or knowledge of your MY UPS ID will be able to and will be deemed authorized to login to the Delayed Deposit Website and view your packages in process, tracking numbers and delivery dates, Delayed Deposit Scheduling Reports, check images (MICR line redacted), and will be able to give direction regarding your Delayed Deposits, including setting Deposit Dates or changing your Default Deposit Number of Days. You hereby acknowledge that any instruction given via the Delayed Deposit Website through use of your MY UPS ID shall be deemed authorized by you and shall be effective as your instruction pursuant to the terms of the Agreement. You further acknowledge that the Company shall be solely responsible and shall indemnify UPS and UPS Capital for any losses or damages caused by, incurred because of or related to any use of or access to the Delayed Deposit Website through use of your MY UPS ID whether or not such access was authorized by you. In the event that the Company fulfils its responsibilities hereunder in designating a valid Deposit Date on the Deposit Scheduling Report within the time frame required, but UPS Capital fails to deposit a check on the Deposit Date specified by the Company (or on the next Banking Day, if the Deposit Date is not a Banking Day) and such check is returned unpaid for nonsufficient funds, UPS Capitals sole obligation to the Company shall be for reimbursement for the face amount of the check, provided that the Company (a) assigns its rights to receive payment from the drawer of such check for the shipment(s) in respect of which such check was issued, and in such check, to UPS Capital pursuant to documentation in form and substance satisfactory to UPS Capital, and (b) takes such efforts as UPS Capital may reasonably request to assist in the collection of such payment amounts owed by the drawer of such check. UPS Capital shall be responsible only for performing obligations expressly undertaken under the terms of the Agreement and, shall only be liable for its gross negligence or willful misconduct in performing such obligations unless otherwise expressly provided herein or required by applicable law. UPS Capital shall be entitled to rely solely on the information provided by the Company pursuant to the Agreement and shall have no liability whatsoever for the accuracy or completeness thereof. All exclusions of liability hereunder shall apply regardless of the form in which a claim for loss or damages is asserted, whether in contract, tort (including negligence), warranty, or upon any other legal or equitable grounds. Further, in no event and under no circumstances whatsoever shall UPS or UPS Capital be liable for any punitive, special, indirect, incidental or consequential losses or damages which the Company may incur in connection with participation in the Program or resulting from UPS Capitals acts or omissions pursuant to the Agreement whether or not the likelihood of such damages was or could have been known or contemplated by UPS Capital. Provided that UPS Capital shall have acted reasonably and in good faith, you acknowledge and agree that we may rely upon, and we have no responsibility to investigate, the authority of any person who submits any form regarding the Program or any Primary Program to UPS Capital under your purported authority. You further acknowledge that any party to the Agreement may request changes to the terms of the Program and that all entities that are party to the Agreement will be deemed to have authorized any such changes. You agree to indemnify and hold UPS Capital harmless from any and all losses, damages, costs, fees, judgments or other liabilities, including reasonable legal and professional fees and charges (collectively, Damages), arising from or incurred in connection with any unauthorized request regarding the Program submitted to us under your purported authority, which request we accept and act on in good faith. This Program utilizes the banking systems of the United States and Canada. You hereby acknowledge and agree that UPS Capital shall have no responsibility or liability whatsoever for the acts or omissions of or any errors or delays caused by any person or entity, other than those persons and entities acting under UPS Capitals express authority and on UPS Capitals behalf, and no such person shall be deemed an agent of UPS Capital. Such limitation of liability shall include, but not be limited to, the acts or omissions of or any errors or delays caused by the Company or any of its employees, representatives, or agents any clearing house association, processor, or transmission or communications facility through which ACH entries may be originated any Federal Reserve Bank or any other countrys central bank and any other financial institution. In no event will UPS Capital be responsible for inspecting, acknowledging or taking any action in respect to check dates or any date or other restrictions noted or placed on a check. You further acknowledge and agree that UPS Capital shall be excused from failing to act or delay in acting if such failure or delay results from circumstances beyond our control, including but not limited to acts of God, strikes, and other labor disputes, civil disorder, catastrophes of nature, fire, explosion, natural or man-made floods or any severe weather, war, failure of a communication or computer system, nuclear attack, embargoes, actions or inactions of governmental authorities affecting either UPS Capital or our agents or if UPS Capital reasonably believed that action would have violated any law, rule or regulation. UPS Capital agrees to make reasonable efforts to prevent any such occurrence from affecting execution of its obligations under the Agreement. 7. Miscellaneous. The Agreement and any addenda or amendments thereto that you and we may enter into from time to time and the terms and conditions of the applicable Primary Program(s) constitute our entire understanding and agreement with you relative to your participation in the Program. The Agreement may not be modified or amended except by our express written consent or as otherwise provided for herein. The Agreement shall be governed by Georgia law, without regard to its conflicts of laws provisions. If any disputes should arise between you and us in regard to the terms of the Agreement, or their interpretation, and you intend to take legal action to resolve such dispute, you agree to notify us of your intent at least thirty (30) calendar days prior to filing suit. Any such dispute shall be brought only in state or federal courts in the Northern District of Georgia, which all parties agree shall have exclusive jurisdiction, and you waive any claims that such jurisdiction or venue is improper, inconvenient or inappropriate. The section headings used herein have been inserted for convenience and for reference only and shall not be deemed to be a part of the Agreement. In the event any provision of the Agreement is determined to be unenforceable, the remainder of the Agreement shall continue in full force and effect until terminated in accordance with its terms. You understand that we will rely on the information you provide to us (including, without limitation, the information provided by you in the Enrollment Form) as being accurate and complete and you agree that such reliance is justified. You agree to promptly notify us of any change in the information you have provided to us. Our obligations to you under the Program shall become void if you knowingly have made a false statement to us in connection with your enrollment or participation in the Program, or in connection with any check. Upon request, you agree to provide us with any additional information we may need in order to facilitate your participation in the Program andor to comply with any applicable law, rule or regulation. If you fail to provide us with such information upon request, we may, in our sole discretion, terminate the Agreement immediately upon written notice to you. Without limiting the generality of the foregoing, you represent and warrant (which representation and warranty shall be deemed to be continuing and remade by you each time we handle a check under the terms of this Agreement) that the commodities shipped by you via UPS (1) are permitted to be shipped in accordance with the Terms and the UPS Rate and Service Guide, in each case as in effect at the time of shipping, (2) without limitation of clause (1), do not violate any federal, state, provincial or local laws or regulations applicable at any time to such commodities or the shipment thereof, and (3) without limitation of clauses (1) and (2), are not prescription drugs, drug paraphernalia (including but not limited to water bongs, marijuana pipes and other accessories intended for use with illegal drugs, and synthetic urine and other drug masking products) or substances listed as controlled under a state or federal law. You agree that UPS or UPS Capital have the right to audit you at any time and for any reason. The scope of these audits may include but is not limited to: opening and inspecting your packages and examining and reviewing your books, records, facilities, product lists andor customer lists. You acknowledge and agree that we may not return to you any unauthorized shipments found through package audits. You agree to indemnify, defend, and hold harmless UPS Capital, its parent corporation, and affiliated companies, their officers, directors, employees, agents, and their successors and assigns, from all claims, demands, expenses, liabilities, causes of action, enforcement procedures, and suits of any kind or nature brought by a governmental agency, or any other person or entity, arising from or related to your nonconformance with governmental laws or regulations applicable to any of your shipments via UPS or with UPS requirements applicable to any such shipment, from your tendering any prohibited item for shipment, your failure to comply with the Terms or your breach of the foregoing representation and warranty. The provisions of the Agreement shall be binding upon and shall inure to the benefit of the Company and UPS Capital and each of their respective successors and assigns provided, however, that the Company may not, without the prior written consent of UPS Capital, assign any of its rights or powers, or delegate any of its duties or obligations hereunder and any prohibited assignment or delegation shall be void. UPS Capital may, at any time and without any notice to or consent by the Company, assign any of its rights or powers, or delegate any of its duties or obligations, hereunder. Notices to you pursuant to the Agreement, when required to be in writing, may be made, in our discretion, via U. S. Mail, via facsimile, via email to the address provided by you on the Enrollment Form (or to the most recent address, fax number or email address provided by you to UPS Capital if different from the information provided on the Enrollment Form), or by the posting of such information on the Delayed Deposit Website. In the event that the Enrollment Form was signed by more than one company, notices to each Company that is a party to the Agreement shall be deemed given when delivered as specified above to any Company identified on the Enrollment Form. U. S. Product Disclosures For C. O.D. offered through UPS Capital reg Trade Protection Services C. O.D. enhancement services are offered through UPS Capital Trade Protection Services, Inc. UPS Capital Corporation and its affiliates reserve the right to change or cancel any C. O.D. enhancement services program at any time. Each C. O.D. enhancement services program is governed by the applicable terms and conditions governing participation in that program and certain limitations and exclusions apply. Information contained in this web site information does not in any way alter, supplement or amend the applicable terms and conditions governing participation in any C. O.D. enhancement services program and is intended only as a brief summary of that program. The UPS reg C. O.D. charges, as set forth in the UPS rates in effect at the time of shipping, apply to each UPS C. O.D. package shipped. Some C. O.D. enhancement services may involve loans or the advancement of funds for anticipated C. O.D. receipts. Loans made in California are pursuant to a Department of Corporations California Finance Lenders License. C. O.D. Enhancement Services products may not be available in all jurisdictions and may be modified based on requirements. Check with your UPS Capital representative for local availability. Credit availability is subject to approval. C. O.D. Secure, C. O.D. Automatic and C. O.D. Direct are registered trademarks of United Parcel Service of America, Inc. UPS Capital Credit Card Fraud Protection Disclaimer All services in connection with the UPS Capital Credit Card Fraud Protection program are provided by CardinalCommerce, Inc. and all fees charged for services are determined by CardinalCommerce. All decisions regarding approval will be made solely by CardinalCommerce under CardinalCommerces then-current criteria. Insurance is underwritten by an authorized insurance company and issued through licensed insurance producers affiliated with UPS Capital Insurance Agency, Inc. and other affiliated insurance agencies. UPS Capital Insurance Agency, Inc. and its licensed affiliates are wholly owned subsidiaries of UPS Capital Corporation. The insurance company, UPS Capital Insurance Agency, Inc. and its licensed affiliates reserve the right to change or cancel the program at any time. The insurance program is governed by the terms, conditions, limitations and exclusions set forth in the applicable insurance policy. This web site information does not in any way alter, supplement, or amend the terms, conditions, limitations or exclusions of the applicable insurance policy and is intended only as a brief summary of the program. Please consult the policy for the exact terms and conditions. No warranty, guarantee, or representation, either express or implied, is made as to the correctness or sufficiency of any information contained herein. Insurance coverage is not available in all jurisdictions. Merchant Services Program Disclaimer All services in connection with the UPS Capital reg Merchant Services Program are provided by Worldpay US, Inc. a Registered ISOMSP of Citizens Bank, NA. All decisions regarding approval of a merchant services application, and all fees charged for merchant services, are determined solely by Worldpay US, Inc. The UPS Capital Merchant Services Virtual Terminal is powered by Maas Global Solutions (MGS) technology. UPS Capital Cargo Financereg and Global-Asset Based Lending Disclosure Loans are made in California pursuant to a Department of Corporations California Finance Lenders License. Products may not be available in all areas and may be modified based on requirements. Check with your UPS Capital representative for local availability. Credit availability is subject to approval. Parcel Pro Disclaimer Insurance coverage is provided under a policy issued by an authorized insurance company to Parcel Pro, Inc. Terms, restrictions and conditions apply. Please speak to a sales representative for more details.
No comments:
Post a Comment