Providers also appreciate a quick payment and using a credit card is often a faster, more efficient and perhaps less expensive means of payment than generating a check or electronic payment through the normal credit process. And in some credit management or loan management systems, it can be difficult to “set up” a provider so that a payment can be made to them through the system. In these cases, credit cards can be useful for paying “one-time” providers that you don`t expect to be used often enough to be worth the time needed for the entire set-up process. However, if you use this approach, you should be mindful of any obligations that are related to it and that might otherwise be overlooked. This includes checking invoices in accordance with the rest of your liability system, to ensure that the invoice is properly due and payable. You may also be required to provide the seller with a Form 1099 depending on the size or nature of the transaction, which you should check with the card issuer or an accountant. “contractual obligation” means any person, guarantee or agreement issued by that person, instrument or other commitment to which that person is or is bound. 4.03 Conditions applicable to certain obligations of the merrill parties. The obligation for the Merrill Parties to issue the effectiveness notifications referred to in point 2.01(a)(1) and to enter into ML guarantees or credit assistance agreements, EFS transactions, EOO transactions, Mirror OVER-the-counter contracts or ice block transactions, any cash guarantee agreement to government authorities or other persons or any transaction provided for in section 2.02(e) shall be subject to conditions precedent.

“Reliant Parent Lenders” means one or more financial institutions or groups of financial institutions that provide credit to parent Reliant, including their administrative, security and other similar agents, if any, in all cases, to the extent that REPS designates as Parent Lenders Under this Agreement. . . .