COMPLIANCE AND DISCLOSURE OF INFORMATION. MERCHANT agrees to comply with all applicable state or federal laws, rules and regulations affecting the use of checks, drafts and ACH transactions, including but not limited to rules and procedural guidelines established by the Federal Trade Commission ("FTC") and Regulation E. (Reg. E). MERCHANT is solely responsible for any and all losses incurred by MERCHANT or SPS-EFT in the event MERCHANT initiates any transaction prohibited by Regulation E Rules or other rules or laws of the United States of America ("USA") or in breach of this Agreement. MERCHANT shall provide such information and certifications as SPS-EFT may reasonably require from time to time to determine MERCHANT’S compliance with the terms and conditions of this Agreement and applicable law. MERCHANT further agrees to produce and make available for inspection by SPS-EFT or its officers, agents, attorneys, accountants, or representatives, such books and records of MERCHANT as SPS-EFT may deem reasonably necessary to be adequately informed of the business and financial condition of MERCHANT, or the ability of MERCHANT to observe or perform its obligations to SPS-EFT pursuant to this Agreement. MERCHANT further agrees to provide to SPS-EFT from time to time such information including, but not limited to, credit reports, personal and/or business financial statements, income tax returns, or other such information as SPS-EFT may request. MERCHANT grants to SPS-EFT continuing authority to conduct credit checks and background investigations and inquiries concerning MERCHANT and MERCHANT’S owner(s) including, but not limited to, character and business references and the financial condition of MERCHANT and MERCHANT’S owner(s). MERCHANT expressly authorizes SPS-EFT or its agents, attorneys, accountants, and representatives to provide and receive such information from any and all third parties directly, without further consent or authorization on the part of MERCHANT. SPS-EFT may share with others its credit, sales and other information. MERCHANT will not transfer, sell, or merge or liquidate its business or assets or otherwise transfer control of its business, change its ownership in any amount or respect, engage in any joint venture partnership or similar business arrangement, change its basic nature or method of business, types of products sold or engage in sales by phone or mail order without providing notice to SPS-EFT and provide SPS-EFT with the opportunity to terminate this Agreement.
COMPLIANCE AND DISCLOSURE OF INFORMATION. Merchant shall provide such information and certifications as SPS-EFT may reasonably require from time to time to determine Merchant’s compliance with the terms and conditions of this Agreement and applicable law. Merchant further agrees to produce and make available for inspection by SPS-EFT or its officers, agents, attorneys, accountants, or representatives, such books and records of Merchant as SPS-EFT may deem reasonably necessary to be adequately informed of the business and financial condition of Merchant, or the ability of Merchant to observe or perform its obligations to SPS-EFT pursuant to this Agreement. Merchant further agrees to provide to SPS-EFT from time to time such information including, but not limited to, credit reports, personal and/or business financial statements, income tax returns, or other such information as SPS-EFT may request. Merchant grants to SPS-EFT continuing authority to conduct credit checks and background investigations and inquiries concerning Merchant and Merchant’s owner(s) including, but not limited to, character and business references and the financial condition of Merchant and Merchant’s owner(s). Merchant expressly authorizes SPS-EFT or its agents, attorneys, accountants, and representatives to provide and receive such information from any and all third parties directly, without further consent or authorization on the part of Merchant.
COMPLIANCE AND DISCLOSURE OF INFORMATION. Merchant shall provide such information and certifications as GETI may reasonably require from time to time to determine Merchant’s compliance with the terms and conditions of this Agreement and applicable law. Merchant further agrees to produce and make available for inspection by GETI or its officers, agents, attorneys, accountants, or representatives, such books and records of Merchant as GETI may deem reasonably necessary to be adequately informed of the business and financial condition of Merchant, or the ability of Merchant to observe or perform its obligations to GETI pursuant to this Agreement. Merchant further agrees to provide to GETI from time to time such information including, but not limited to, credit reports, personal and/or business financial statements, income tax returns, or other such information as GETI may request. Merchant grants to GETI continuing authority to conduct credit checks and background investigations and inquiries concerning Merchant and Merchant’s owner(s) including, but not limited to, character and business references and the financial condition of Merchant and Merchant’s owner(s). Merchant expressly authorizes GETI or its agents, attorneys, accountants, and representatives to provide and receive such information from any and all third parties directly, without further consent or authorization on the part of Merchant.
COMPLIANCE AND DISCLOSURE OF INFORMATION. The Parties shall provide such information, certifications or licenses as may reasonably be required from time to time to determine if Parties are in compliance with the terms and conditions of this Agreement and applicable law. Customer further agrees to produce and make available for inspection by Processor or its officers, agents, accountants, or representatives such books and records of Customer as Processor may deem reasonably necessary to be adequately informed of the business and financial condition of Customer, or the ability of Customer to perform its obligations to Processor pursuant to this Agreement. Customer will not transfer, sell, merge, or liquidate its business or assets or otherwise transfer control of its business, change its ownership in any amount or respect, engage in any joint venture partnership or similar business arrangement, change its basic method of doing business without providing sufficient notice to Processor of such actions so that if Processor chooses to terminate this agreement, the Parties can wind down operations in an orderly manner.
COMPLIANCE AND DISCLOSURE OF INFORMATION. The Parties shall provide such information, certifications, or licenses as may reasonably be required from time to time to determine if Parties are in compliance with the terms and conditions of this Agreement and applicable law. CUSTOMER further agrees to produce and make available for inspection by VCI or its officers, agents, accountants, or representatives such books and records of CUSTOMER as VCI may deem reasonably necessary to be adequately informed of the business and financial condition of CUSTOMER, or the ability of CUSTOMER to perform its obligations to VCI pursuant to this Agreement. CUSTOMER will not transfer, sell, merge, or liquidate its business or assets or otherwise transfer control of its business, change its ownership in any amount or respect, engage in any joint venture partnership or similar business arrangement, change its basic method of doing business without providing sufficient notice to VCI of such actions so that if VCI chooses to terminate this agreement, the Parties can wind down operations in an orderly manner.
COMPLIANCE AND DISCLOSURE OF INFORMATION. MERCHANT shall provide such information and certifications as GETI may reasonably require from time to time to determine MERCHANT’S compliance with the terms and conditions of this Agreement and applicable law. MERCHANT further agrees to produce and make available for inspection by GETI or its officers, agents, attorneys, accountants, or representatives, such books and records of MERCHANT as GETI may deem reasonably necessary to be adequately informed of the business and financial condition of MERCHANT, or the ability of MERCHANT to observe or perform its obligations to GETI pursuant to this Agreement. MERCHANT further agrees to provide to GETI from time to time such information including, but not limited to, credit reports, personal and/or business financial statements, income tax returns, or other such information as GETI may request. MERCHANT grants to GETI continuing authority to conduct credit checks and background investigations and inquiries concerning MERCHANT and MERCHANT’S owner(s) including, but not limited to, character and business references and the financial condition of MERCHANT and MERCHANT’S owner(s). MERCHANT expressly authorizes GETI or its agents, attorneys, accountants, and representatives to provide and receive such information from any and all third parties directly, without further consent or authorization on the part of MERCHANT. GETI may share with others its credit, sales and other information. MERCHANT will not transfer, sell, or merge or liquidate its business or assets or otherwise transfer control of its business, change its ownership in any amount or respect, engage in any joint venture partnership or similar business arrangement, change its basic nature or method of business, types of products sold or engage in sales by phone or mail order without providing notice to GETI and provide GETI with the opportunity to terminate this Agreement.
