Common use of Account Monitoring Clause in Contracts

Account Monitoring. 4.1 MERCHANT acknowledges that SERVICE PROVIDERS will monitor MERCHANT’S daily deposit activity. MERCHANT agrees that SERVICE PROVIDERS may, upon reasonable grounds, divert the disbursement of MERCHANT’S funds from any account MERCHANT has in ANY financial institution for any reasonable period of time required to investigate suspicious, excessive or unusual deposit activity. BANK will make good faith efforts to notify MERCHANT within a commercially reasonable time period. SERVICE PROVIDERS shall have no liability for any losses, either direct or indirect, which MERCHANT may attribute to any diversion of funds disbursement. Any funds diverted shall be deposited immediately into a non-•interest bearing account at SERVICE PROVIDERS, and not be released until such time that questionable/suspect/fraudulent transactions have been resolved to the SERVICE PROVIDERS’ satisfaction.

Account Monitoring. 4.1 MERCHANT acknowledges that SERVICE PROVIDERS will monitor MERCHANT’S daily deposit activity. MERCHANT agrees that SERVICE PROVIDERS may, upon reasonable grounds, divert the disbursement of MERCHANT’S funds from any account MERCHANT has in ANY financial institution for any reasonable period of time required to investigate suspicious, excessive or unusual deposit activity. BANK will make good faith efforts to notify MERCHANT within a commercially reasonable time period. SERVICE PROVIDERS shall have no liability for any losses, either direct or indirect, which MERCHANT may attribute to any diversion of funds disbursement. Any funds diverted shall be deposited immediately into a non-•interest non-interest-bearing account at SERVICE PROVIDERS, and not be released until such time that questionable/suspect/fraudulent transactions have been resolved to the SERVICE PROVIDERS’ satisfaction.

Account Monitoring. 4.1 MERCHANT acknowledges that SERVICE PROVIDERS will monitor MERCHANT’S daily deposit activity. MERCHANT XXXXXXXX agrees that SERVICE PROVIDERS may, upon reasonable grounds, divert the disbursement of MERCHANT’S funds from any account MERCHANT has in ANY financial institution for any reasonable period of time required to investigate suspicious, excessive or unusual deposit activity. BANK will make good faith efforts to notify MERCHANT within a commercially reasonable time period. SERVICE PROVIDERS shall have no liability for any losses, either direct or indirect, which MERCHANT may attribute to any diversion of funds disbursement. Any funds diverted shall be deposited immediately into a non-•interest bearing account at SERVICE PROVIDERS, and not be released until such time that questionable/suspect/fraudulent transactions have been resolved to the SERVICE PROVIDERS’ satisfaction.

Account Monitoring. 4.1 MERCHANT acknowledges that SERVICE PROVIDERS will monitor MERCHANT’S daily deposit activity. MERCHANT XXXXXXXX agrees that SERVICE PROVIDERS may, upon reasonable grounds, divert the disbursement of MERCHANT’S funds from any account MERCHANT has in ANY financial institution for any reasonable period of time required to investigate suspicious, excessive or unusual deposit activity. BANK will make good faith efforts to notify MERCHANT within a commercially reasonable time period. SERVICE PROVIDERS shall have no liability for any losses, either direct or indirect, which MERCHANT may attribute to any diversion of funds disbursement. Any funds diverted shall be deposited immediately into a non-•interest non-interest-bearing account at SERVICE PROVIDERS, and not be released until such time that questionable/suspect/fraudulent transactions have been resolved to the SERVICE PROVIDERS’ satisfaction.