Common use of CONVERSION TO A DIRECT RELATIONSHIP WITH AMERICAN EXPRESS Clause in Contracts

CONVERSION TO A DIRECT RELATIONSHIP WITH AMERICAN EXPRESS. You acknowledge and agree that upon written notice from us, you will be converted to a direct American Express Card acceptance relationship with American Express if and when the annual American Express Card charges that you submit under the Agreement are greater than $1,000,000. You agree that, upon conversion, (i) you will be bound by American Express’ then-current Card Acceptance Agreement with respect to American Express Transactions; (ii) American Express will set pricing and other fees payable by you for American Express Card acceptance; and (iii) you will no longer be able to submit American Express Card transactions under the Agreement, but the Agreement will continue in full force and effect with respect to other payments and services you elected to receive on your Application.

CONVERSION TO A DIRECT RELATIONSHIP WITH AMERICAN EXPRESS. You acknowledge and agree that upon written notice from usProcessor, you will be converted to a direct American Express Card acceptance relationship with American Express if and when the annual American Express Card charges that you submit under the this Agreement are greater than $1,000,000. You agree that, upon conversion, (i) you will be bound by American Express’ then-current Card Acceptance Agreement with respect to American Express Transactions; (ii) American Express will set pricing and other fees payable by you for American Express Card acceptance; and (iii) you will no longer be able to submit American Express Card transactions under the this Agreement, but the this Agreement will continue in full force and effect with respect to other payments and services you elected to receive on your Application.

CONVERSION TO A DIRECT RELATIONSHIP WITH AMERICAN EXPRESS. You acknowledge Client acknowledges and agree agrees that upon written notice from us, you Client will be converted to a direct American Express Card acceptance relationship with American Express if and when the annual American Express Card charges that you submit Client submits under the Agreement are greater than $1,000,000. You agree thatClient agrees that , upon conversion, (ia) you Client will be bound by American Express’ then-current Card Acceptance Agreement with respect to American Express Transactions; (iib) American Express will set pricing and other fees payable by you Client for American Express Card acceptance; and (iiic) you Client will no longer be able to submit American Express Card transactions under the Agreement, but the Agreement will continue in full force and effect with respect to other payments and services you Client elected to receive on your Client’s Application.