Clearing Bank Arrangement. (a) During the Transition Period, and in order to permit an orderly transition of the processing of Credit Card and Debit Card transactions, the Bank shall continue to act as a clearing bank for Elavon with respect to Credit Card and Debit Card transactions processed under the Merchant Agreements, all in accordance with the rules and regulations of the Credit Card Associations and the EFT Networks.
(b) At the reasonable request of Elavon, the Bank shall execute appropriate documents to evidence the transfer of the clearing bank responsibilities under the Merchant Agreements to the Person designated by Elavon to effect such transfer. In addition, the Bank shall render such other necessary assistance as Elavon may reasonably request.
Clearing Bank Arrangement. (a) In order to permit an orderly transition of the processing of Credit Card and Debit Card transactions, during the Conversion Period, Seller shall continue to be a party (fulfilling Member responsibilities) to the Merchant Agreements, Agent Bank Agreements, ISO Agreements and Related Agreements included in the Transferred Assets and Seller shall act as a clearing bank for Purchaser with respect to Credit Card and Debit Card transactions processed under the Merchant Agreements, Agent Bank Agreements, ISO Agreements and Related Agreements included in the Transferred Assets all in accordance with the provisions of the Transitional Services Agreement and the rules and regulations of the Credit Card Associations, EFT Networks and EBT Networks, for a period of time ending not later than the Conversion Date.
(b) At the request of Purchaser, Seller shall execute appropriate documents to evidence the transfer of the clearing bank responsibilities under the Merchant Agreements, the Agent Bank Agreements, ISO Agreements and/or Related Agreements included in the Transferred Assets to a Person agreed upon by Seller and Purchaser. In addition, Seller shall render such other necessary assistance as Purchaser may reasonably request. Seller shall provide to Purchaser all information necessary for such transfer.
Clearing Bank Arrangement. (a) During the Transition Period, and in order to permit an orderly transition of the processing of Credit Card and Debit Card transactions, the Bank shall continue to act as a clearing bank for NOVA with respect to Credit Card and Debit Card transactions processed under the Merchant Agreements, all in accordance with the rules and regulations of the Credit Card Associations and the EFT Networks.
(b) At the request of NOVA, the Bank shall execute appropriate documents to evidence the transfer of the clearing bank responsibilities under the Merchant Agreements to the Person designated by NOVA to effect such transfer. In addition, the Bank shall render such other necessary assistance as NOVA may reasonably request.
Clearing Bank Arrangement. (a) In order to permit an orderly transition of the processing of Credit Card and Debit Card transactions, during the Conversion Period, Seller shall continue to be a party (fulfilling Member responsibilities) to the Merchant Agreements and the Associate Bank Agreements and Seller shall act as a clearing bank for Purchaser with respect to Credit Card and Debit Card transactions processed under the Merchant Agreements and the Associate Bank Agreements, all in accordance with the rules and regulations of the Credit Card Associations and the EFT Networks, for a period of time ending not later than the Conversion Date.
(b) At the request of Purchaser, Seller shall execute appropriate documents to evidence the transfer of the clearing bank responsibilities under the Merchant Agreements and/or the Associate Bank Agreements to the person designated (in accordance with Section 2.4 of the Marketing Agreement) by Purchaser. In addition, Seller shall render such other necessary assistance as Purchaser may reasonably request. Seller shall provide to Purchaser all information necessary for such transfer (including, without limitation, standard deconversion master file tapes from First Data Resources).
(c) Until the Conversion Date, and in performing services hereunder, Seller shall comply in all material respects with the rules and regulations of the Credit Card Associations and the EFT Networks, and shall not take, or fail to take, any actions with respect to the Merchant Business which would constitute a material violation of such rules and regulations.
Clearing Bank Arrangement. (a) In order to permit an orderly transition of the processing of Credit Card and Debit Card transactions, during the Transition Period, each Bank shall continue to act as a clearing bank for NOVA with respect to Credit Card and Debit Card transactions processed under the Merchant Agreements and the Agent Bank Agreements, all in accordance with the rules and regulations of the Credit Card Associations and the EFT Networks, for a period of time ending not later than the Transition Date.
(b) At the request of NOVA and upon reasonable notice to the Banks, the Banks shall execute appropriate documents to evidence the transfer of the clearing bank responsibilities under the Merchant Agreements and the Agent Bank Agreements to the person designated by NOVA to effect such transfer. In addition, the Banks shall render such other necessary assistance as NOVA may reasonably request.
