Common use of Amendment and Notice of Variation of Fees Clause in Contracts

Amendment and Notice of Variation of Fees. PAYMARK or the Bank may amend this Agreement or notify the Merchant of any variation or supplement to the fees and charges referred to in clause 8.1 or of a proposed assignment under clause 16.4 by giving written notice to all other Parties. The amendment, notification or assignment will take effect according to its terms but in any event not earlier than 1 month after the date of service of the notice, and will not affect any Transaction occurring before the date it takes effect.