Common use of Account Monitoring Clause in Contracts

Account Monitoring. Merchant acknowledges that Provider will monitor Merchant’s Transaction activity. In addition to Provider’s right to fund a Reserve Account as set forth in Section 3.05, Provider may upon reasonable grounds suspend disbursement of Merchant's funds for any reasonable period of time required to investigate suspicious or unusual Transaction activity. Provider will make good faith efforts to notify Merchant promptly following such suspension. Provider is not liable to Merchant for any loss, either direct or indirect, which Merchant may attribute to any suspension of funds disbursement.

Appears in 9 contracts

Samples: Merchant Processing Agreement, Merchant Agreement, Merchant Agreement

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Account Monitoring. Merchant acknowledges that Provider will monitor Merchant’s Transaction activity. In addition to Provider’s right to fund a Reserve Account as set forth in Section 3.05, Provider may upon reasonable grounds suspend disbursement of Merchant's ’s funds for any reasonable period of time required to investigate suspicious or unusual Transaction activityTransactionactivity. Provider will make good faith efforts to notify Merchant promptly following such suspension. Provider is not liable to Merchant for any loss, either direct or indirect, which Merchant may attribute to any suspension of funds disbursement.

Appears in 3 contracts

Samples: Merchant Agreement, Merchant Agreement, Merchant Agreement

Account Monitoring. Merchant acknowledges that Provider will monitor Merchant’s 's Transaction activity. In addition to Provider’s 's right to fund a Reserve Account as set forth in Section 3.05, Provider may upon reasonable grounds suspend disbursement of Merchant's funds for any reasonable period of time required to investigate suspicious or unusual Transaction activity. Provider will make good faith efforts to notify Merchant promptly following such suspension. Provider is not liable to Merchant for any loss, either direct or indirect, which Merchant may attribute to any suspension of funds disbursement.

Appears in 3 contracts

Samples: Merchant Agreement, Merchant Agreement, Merchant Agreement

Account Monitoring. Merchant acknowledges that Provider Bank will monitor Merchant’s Transaction activity. In addition to ProviderBank’s right to fund a Reserve Account as set forth in Section 3.05, Provider Bank may upon reasonable grounds suspend disbursement of Merchant's ’s funds for any reasonable period of time required to investigate suspicious or unusual Transaction activity. Provider Bank will make good faith efforts to notify Merchant promptly following such suspension. Provider Bank is not liable to Merchant for any loss, either direct or indirect, which Merchant may attribute to any suspension of funds disbursement.

Appears in 2 contracts

Samples: Merchant Processing Agreement, Merchant Agreement

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Account Monitoring. Merchant acknowledges that Provider will monitor Merchant’s Transaction activity. In addition to Provider’s right to fund a Reserve Account as set forth in Section 3.05, Provider may upon reasonable grounds suspend disbursement of Merchant's ’s funds for any reasonable period of time required to investigate suspicious or unusual Transaction activity. Provider will make good faith efforts to notify Merchant promptly following such suspension. Provider is not liable to Merchant for any loss, either direct or indirect, which Merchant may attribute to any suspension of funds disbursement.

Appears in 1 contract

Samples: Merchant Agreement

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