Common use of Designated Account Clause in Contracts

Designated Account. All Merchant obligations regarding accepted Sales Drafts will survive termination. Merchant must maintain in the Designated Account and the Reserve Account enough funds to cover all chargebacks, deposit charges, refunds and fees incurred by Merchant for a reasonable time, but in any event not less than the time specified in this agreement. Merchant authorizes Bank to charge those accounts, or any other account maintained under this Agreement, for all such amounts. If the amount in the Designated Account or Reserve Account is not adequate, Merchant will pay Bank the amount owed to Bank upon demand, together with all costs and expenses incurred to collect that amount, including reasonable attorneys’ fees.

Appears in 5 contracts

Samples: Merchant Processing Agreement Terms and Conditions, Merchant Processing Agreement Terms and Conditions, Merchant Processing Agreement Terms and Conditions

AutoNDA by SimpleDocs

Designated Account. All Merchant obligations regarding accepted Sales Drafts will survive termination. Merchant Xxxxxxxx must maintain in the Designated Account and the Reserve Account enough funds to cover all chargebacks, deposit charges, refunds and fees incurred by Merchant for a reasonable time, but in any event not less than the time specified in this agreement. Merchant Xxxxxxxx authorizes Bank to charge those accounts, or any other account maintained under this Agreement, for all such amounts. If the amount in the Designated Account or Reserve Account is not adequate, Merchant will pay Bank the amount owed to Bank upon demand, together with all costs and expenses incurred to collect that amount, including reasonable attorneys’ fees.

Appears in 4 contracts

Samples: Merchant Processing Agreement Terms and Conditions, Merchant Processing Agreement Terms and Conditions, Merchant Processing Agreement Terms and Conditions

Designated Account. All Merchant obligations regarding accepted Sales Drafts will survive termination. Merchant must maintain in the Designated Account and the Reserve Account enough funds to cover all chargebacksChargebacks, deposit charges, refunds and fees incurred by Merchant for a reasonable time, but in any event not less than the time specified in this agreementAgreement. Merchant authorizes Bank and Company to charge those accounts, or any other account maintained under or specified in this Agreement, for all such amounts. If the amount in the Designated Account or Reserve Account is not adequate, Merchant will pay Bank and Company the amount owed to Bank and Company upon demand, together with all costs and expenses incurred to collect that amount, including reasonable attorneys’ fees.

Appears in 4 contracts

Samples: Merchant Processing Agreement, Merchant Processing Agreement, Merchant Processing Agreement

Designated Account. All Merchant obligations regarding accepted Sales Drafts will survive termination. Merchant must maintain in the Designated Account and the Reserve Account enough funds to cover all chargebacksC hargebacks, deposit charges, refunds and fees Fees incurred by Merchant for a reasonable time, but in any event not less than the time specified in this agreementAgreement. Merchant authorizes Bank Service Provider to charge those accounts, or any other account maintained under this Agreement, for all such amounts. If the amount in the Designated Account or Reserve Account is not adequate, Merchant will pay Bank Service Provider the amount owed to Bank Service Provider upon demand, together with all costs and expenses incurred to collect that amount, including reasonable attorneys’ fees.

Appears in 3 contracts

Samples: Merchant Processing Agreement Terms and Conditions, Merchant Processing Agreement Terms and Conditions, Merchant Processing Agreement Terms and Conditions

Designated Account. All Merchant obligations regarding accepted Sales Drafts will survive termination. Merchant must maintain in the Designated Account and the Reserve Account enough funds to cover all chargebacks, deposit charges, refunds and fees incurred by Merchant for a reasonable time, but in any event not less than the time specified in this agreement. Merchant authorizes Bank Service Provider to charge those accounts, or any other account maintained under this Agreement, for all such amounts. If the amount in the Designated Account or Reserve Account is not adequate, Merchant will pay Bank Service Provider the amount owed to Bank Service Provider upon demand, together with all costs and expenses incurred to collect that amount, including reasonable attorneys’ fees.

Appears in 3 contracts

Samples: Merchant Processing Agreement Terms and Conditions, Merchant Processing Agreement Terms and Conditions, Merchant Agreement

Designated Account. All Merchant obligations regarding accepted Sales Drafts will survive termination. Merchant Xxxxxxxx must maintain in the Designated Account and the Reserve Account enough funds to cover all chargebacksChargebacks, deposit charges, refunds and fees incurred by Merchant for a reasonable time, but in any event not less than the time specified in this agreementAgreement. Merchant Xxxxxxxx authorizes Bank and Company to charge those accounts, or any other account maintained under or specified in this Agreement, for all such amounts. If the amount in the Designated Account or Reserve Account is not adequate, Merchant will pay Bank and Company the amount owed to Bank and Company upon demand, together with all costs and expenses incurred to collect that amount, including reasonable attorneys’ fees.

Appears in 3 contracts

Samples: Merchant Processing Agreement Terms and Conditions, Merchant Processing Agreement, Merchant Processing Agreement

Designated Account. All Merchant obligations regarding accepted Sales Drafts will survive termination. Merchant must maintain in the Designated Account and the Reserve Account enough funds to cover all chargebacksChargebacks, deposit charges, refunds and fees incurred by Merchant for a reasonable time, but in any event not less than the time specified in this agreementAgreement. Merchant authorizes Bank and Company to charge those accounts, or any other account maintained under this Agreement, for all such amounts. If the amount in the Designated Account or Reserve Account is not adequate, Merchant will pay Bank and Company the amount owed to Bank and Company upon demand, together with all costs and expenses incurred to collect that amount, including reasonable attorneys’ fees.

Appears in 2 contracts

Samples: Merchant Processing Agreement, Merchant Processing Agreement

AutoNDA by SimpleDocs

Designated Account. All Merchant your obligations regarding accepted Sales Drafts will survive termination. Merchant You must maintain in the Designated Account and the Reserve Account enough funds to cover all chargebacks, deposit charges, refunds and fees incurred by Merchant you for a reasonable time, but in any event not less than the time specified in this agreementAgreement. Merchant authorizes You authorize Credomatic and Bank to charge those accounts, or any other account maintained under this Agreement, for all such amounts. If the amount in the Designated Account or Reserve Account is not adequate, Merchant you will pay Credomatic and Bank the amount owed to Bank you owe it upon demand, together with all costs and expenses incurred to collect that amount, including reasonable attorneys' fees.

Appears in 1 contract

Samples: Merchant Service Sales Agreement

Designated Account. All Merchant your obligations regarding accepted Sales Drafts will survive termination. Merchant You must maintain in the Designated Account and the Reserve Account enough funds to cover all chargebacks, deposit charges, refunds and fees incurred by Merchant you for a reasonable time, but in any event not less than the time specified in this agreement. Merchant authorizes You authorize EVO and Bank to charge those accounts, or any other account maintained under this Agreement, for all such amounts. If the amount in the Designated Account or Reserve Account is not adequate, Merchant you will pay EVO and Bank the amount owed to Bank you owe it upon demand, together with all costs and expenses incurred to collect that amount, including reasonable attorneys’ fees.

Appears in 1 contract

Samples: Merchant Processing Agreement

Designated Account. All Merchant obligations regarding accepted Sales Drafts will survive termination. Merchant Xxxxxxxx must maintain in the Designated Account and the Reserve Account enough funds to cover all chargebacksChargebacks, deposit charges, refunds and fees incurred by Merchant for a reasonable time, but in any event not less than the time specified in this agreementAgreement. Merchant authorizes Bank Company to charge those accounts, or any other account maintained under or specified in this Agreement, for all such amounts. If the amount in the Designated Account or Reserve Account is not adequate, Merchant will pay Bank Company the amount owed to Bank Company upon demand, together with all costs and expenses incurred to collect that amount, including reasonable attorneys’ fees.

Appears in 1 contract

Samples: www.shift4.com

Time is Money Join Law Insider Premium to draft better contracts faster.