Common use of Accounting Monitoring Clause in Contracts

Accounting Monitoring. 11.1. Entity agrees that ARC may suspend, within its sole discretion, the disbursement of Entity’s funds for any reasonable period of time required to investigate suspicious or unusual deposit activity or Fraud. ARC will make good faith efforts to notify Entity promptly. ARC shall have no liability for any losses, either direct or indirect, which Entity may attribute to any suspension of funds disbursement; 11.2. In the event of unusual Transactions that have been “suspended” and cannot be verified as valid sales or have been verified as Cardholder disputes, Entity agrees that a security processing fee not to exceed 110% of the unusual Transaction(s) may be assessed. 11.3. Entity’s presentation to ARC of Excessive Activity will be a breach of this Agreement and cause for immediate termination of this Agreement. “Excessive Activity” refers to any period of two or more calendar months during which Entity has a Chargeback ratio that exceeds 1% by number of Transactions or a Chargeback ratio that exceeds 1% by dollar volume. Entity authorizes, upon the occurrence of Excessive Activity, ARC to take additional actions as either of them may deem necessary, including, but not limited to, suspension of processing privileges, increase of any fees that may be charged to Entity and/or creation or maintenance of a Reserve Account in accordance with this Agreement.

Accounting Monitoring. 11.1. 11.1 Entity agrees that ARC may suspend, within its ARC’s sole discretion, the disbursement of Entity’s funds for any reasonable period of time required to investigate suspicious or unusual deposit activity or Fraudfraud. ARC will make good faith efforts to notify Entity promptly. ARC shall have no liability for any losses, either direct or indirect, which Entity may attribute to any suspension of funds disbursement;. 11.2. 11.2 In the event of unusual ARC Pay Transactions that have been “suspended” and cannot be verified as valid sales or have been verified as Cardholder disputes, Entity agrees that a security processing fee not to exceed 110% of the unusual ARC Pay Transaction(s) may be assessed. 11.3. 11.3 Entity’s presentation to ARC of Excessive Activity will shall be a breach of this Agreement and cause for immediate termination of this Agreement. “Excessive Activity” refers to any period of two or more calendar months during which Entity has a Chargeback ratio that exceeds 1.5% by number of Transactions or a Chargeback ratio that exceeds 1.5% by dollar volume. Entity authorizes, upon the occurrence of Excessive Activity, ARC to take additional actions as either of them may deem it deems necessary, including, but not limited to, suspension of processing privileges, increase of any fees that may be charged to Entity and/or Entity, creation or maintenance of a Reserve Account in accordance with this Agreement, and/or termination of this Agreement.