Common use of Continuation of Payments Clause in Contracts

Continuation of Payments. Acquirer shall be entitled to receive payment hereunder for any Acquirer Merchant as provided in this Agreement until the occurrence of any of the following events, whichever is earliest: (1) any such Acquirer Merchant voluntarily or involuntarily discontinues its use of the Program; (2) the Acquirer Merchant no longer uses the Acquirer’s services; or (3) the termination or expiration of this Agreement and any extension agreed to by the parties.

Appears in 4 contracts

Samples: Processing Agreement, Processing Agreement (Planet Payment Inc), Multi Currency Processing Agreement (Planet Payment Inc)

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