Common use of Account Suspension Clause in Contracts

Account Suspension. LEMON WAY may pronounce the temporary and immediate suspension of a Payment Account for any reason, particularly: • if the Account Holder has not met the provisions of the Framework Agreement, • if the Account Holder has provided LEMON WAY with inaccurate, expired or incomplete identification information, • in the event of a risk of fraud, money laundering or financing of terrorism or a risk that may affect the Payment Account's security, • in case of a significantly heightened risk regarding the Account Holder's inability to fulfil its payment obligations, • in the event that LEMON WAY receives a significant number of repayments or payment Order cancellations or disputes against non-authorised Orders. This decision shall be justified and notified to the Account Holder by any means possible. The purpose of suspending a payment Account is to protect the Account Holder and may not, under any circumstances, result in the payment of damages to the latter. The payment Account will be reactivated at LEMON WAY's discretion. Depending on the seriousness of the failure to comply with the Framework Agreement, and particularly if the Beneficiary has sold illegal products, LEMON WAY reserves the right to terminate the Framework Agreement in compliance with the provisions of article 19.

Account Suspension. LEMON WAY may pronounce the temporary and immediate suspension of a Payment Account for any reason, particularly: •  if the Account Holder has not met the provisions of the Framework Agreement, •  if the Account Holder has provided LEMON WAY with inaccurate, expired or incomplete identification information, •  in the event of a risk of fraud, money laundering or financing of terrorism or a risk that may affect the Payment Account's security, •  in case of a significantly heightened risk regarding the Account Holder's inability to fulfil its payment obligations, •  in the event that LEMON WAY receives a significant number of repayments or payment Order cancellations or disputes against non-authorised Orders. This decision shall be justified and notified to the Account Holder by any means possible. The purpose of suspending a payment Account is to protect the Account Holder and may not, under any circumstances, result in the payment of damages to the latter. The payment Account will be reactivated at LEMON WAY's discretion. Depending on the seriousness of the failure to comply with the Framework Agreement, and particularly if the Beneficiary has sold illegal products, LEMON WAY reserves the right to terminate the Framework Agreement in compliance with the provisions of article 19.

Account Suspension. LEMON WAY may pronounce the temporary and immediate suspension of a Payment Account for any reason, particularly: • ● if the Account Holder has not met the provisions of the Framework Agreement, • ● if the Account Holder has provided LEMON WAY with inaccurate, expired or incomplete identification information, • ● in the event of a risk of fraud, money laundering or financing of terrorism or a risk that may affect the Payment Account's ’s security, • ● in case of a significantly heightened risk regarding the Account Holder's ’s inability to fulfil its payment obligations, • ● in the event that LEMON WAY receives a significant number of repayments or payment Order cancellations or disputes against non-authorised Orders. This decision shall be justified and notified to the Account Holder by any means possible. The purpose of suspending a payment Account is to protect the Account Holder and may not, under any circumstances, result in the payment of damages to the latter. The payment Account will be reactivated at LEMON WAY's ’s discretion. Depending on the seriousness of the failure to comply with the Framework Agreement, and particularly if the Beneficiary has sold illegal products, LEMON WAY reserves the right to terminate the Framework Agreement in compliance with the provisions of article 19.