Common use of Breach or Suspicious Activity Clause in Contracts

Breach or Suspicious Activity. If Merchant breaches this Agreement or if Processor, in its sole discretion, identifies suspicious or irregular transaction, settlement or banking activity, Processor may refuse to process Card transactions and/or may avail itself to all contractual remedies provided in this Agreement, including but not limited to (i) termination and/or (ii) the retention of such transactions or other funds in the Reserve Account, pending the cure of such breach or resolution of such activity to Processor’s satisfaction.

Appears in 4 contracts

Samples: Merchant Processing Agreement, Merchant Processing Agreement, Merchant Processing Agreement

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