Common use of REGULATION GG Clause in Contracts

REGULATION GG. Federal Regulations issued under the "Unlawful Internet Gambling Enforcement Act" prohibit the processing of restricted transactions through accounts or business relationships. Restricted transactions include transactions involving a credit, an electronic funds transfer, a check, or a money order that accepts a merchant resulting from the participation by others in illegal games over the Internet. Your Account may not be used to process illegal gaming transactions over the Internet. The Cooperative reserves the right to reject any restricted transaction and to close the Account if these types of transactions are identified. The Depositor certifies, by opening his Account, that he is not engaged in any practice related to illegal games over the Internet, as defined by the Regulation GG and agrees to notify us if his Account is used at any time for such activities.

Appears in 5 contracts

Samples: Agreement, Agreement, Agreement

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