Common use of Account Monitoring Clause in Contracts

Account Monitoring. Merchant acknowledges that Servicer will monitor Merchant’s daily deposit activity. Servicer may upon reasonable grounds suspend disbursement of Merchant's funds for any reasonable period of time required to investigate suspicious or unusual deposit activity. Servicer will make good faith efforts to notify Merchant promptly following suspension. Servicer is not liable to Merchant for any loss, either direct or indirect, which Merchant may attribute to any suspension of funds disbursement.

Account Monitoring. Merchant acknowledges that Servicer Bank will monitor Merchant’s daily deposit activity. Servicer Bank may upon reasonable grounds suspend disbursement of Merchant's funds for any reasonable period of time required to investigate suspicious or unusual deposit activity. Servicer Bank will make good faith efforts to notify Merchant promptly following suspension. Servicer Bank is not liable to Merchant for any loss, either direct or indirect, which Merchant may attribute to any suspension of funds disbursement.

Account Monitoring. Merchant acknowledges that Servicer Bank will monitor Merchant’s daily deposit activity. Servicer Bank may upon reasonable grounds suspend disbursement of Merchant's funds for any reasonable period of time required to investigate suspicious or unusual deposit activity. Servicer Bank will make good faith efforts to notify Merchant promptly following suspension. Servicer Bank is not liable to Merchant for any loss, either direct or indirect, which Merchant may attribute to any suspension of funds disbursementdis- bursement.