Common use of Deductions from Reserve Account Clause in Contracts

Deductions from Reserve Account. If funds are not available in the Settlement Account, Bank without prior notice to Merchant may deduct from any provisional credits or payment due to Merchant that are maintained in the Reserve Account any current or future obligation of Merchant to Bank under the Merchant Agreement, including all Processing Fees, Chargebacks, Credit Transaction Receipts, Damages, and any and all additional fees and obligations under the terms of the Merchant Agreement, and sums sufficient to reimburse Bank for the amount of any fines, penalty amounts and charges due the Card Associations.

Deductions from Reserve Account. If funds are not available in the Settlement Account, Bank without prior notice to Merchant may deduct from any provisional credits or payment due to Merchant that are maintained in the Reserve Account any current or future obligation of Merchant to Bank under the this Merchant Agreement, including all Processing Fees, Chargebacks, Credit Transaction Receipts, Damages, and any and all additional fees and obligations under the terms of the Merchant Agreementfees, and sums sufficient to reimburse Bank for the amount of any fines, penalty amounts and charges due the Card Associations.

Deductions from Reserve Account. If funds are not available in the Settlement Account, Bank Provider without prior notice to Merchant may deduct from any provisional credits or payment due to Merchant that are maintained in the Reserve Account any current or future obligation of Merchant to Bank Provider under the Merchant this Agreement, including all Processing Fees, Chargebacks, Credit Transaction ReceiptsVouchers, Liquidated Damages, and any and all additional fees and obligations under the terms of the Merchant Agreementfees, and sums sufficient to reimburse Bank for the amount of any fines, assessments, penalty amounts and charges due the Card AssociationsNetworks.

Deductions from Reserve Account. If funds are not available in the Settlement Account, Bank without prior notice to Merchant may deduct from any provisional credits or payment due to Merchant that are maintained in the Reserve Account any current or future obligation of Merchant to Bank under the Merchant this Agreement, including all Processing Fees, Chargebacks, Credit Transaction ReceiptsVouchers, Damages, and any and all additional fees and obligations under the terms of the Merchant Agreementfees, and sums sufficient to reimburse Bank for the amount of any fines, penalty amounts and charges due the Card AssociationsNetworks.

Deductions from Reserve Account. If funds are not available in the Settlement Account, Bank without prior notice to Merchant may deduct from any provisional credits or payment due to Merchant that are maintained in the Reserve Account any current or future obligation of Merchant to Bank under the Merchant this Agreement, including all Processing Fees, Chargebacks, Credit Transaction ReceiptsVouchers, Damages, and any and all additional fees and obligations under the terms of the Merchant Agreementfees, and sums sufficient to reimburse Bank for the amount of any fines, penalty amounts and charges due the Card Associations.

Deductions from Reserve Account. If funds are not available in the Settlement Account, Bank Provider without prior notice to Merchant may deduct from any provisional credits or payment due to Merchant that are maintained in the Reserve Account any current or future obligation of Merchant to Bank Provider under the Merchant this Agreement, including all Processing Fees, Chargebacks, Credit Transaction ReceiptsVouchers, Liquidated Damages, and any and all additional fees and obligations under the terms of the Merchant Agreementfees, and sums sufficient to reimburse Bank for the amount of any fines, penalty amounts and charges due the Card AssociationsNetworks.