Common use of Discontinuation of Services Clause in Contracts

Discontinuation of Services. In the event of termination for any reason, Merchant authorizes Bank and Company to withhold and discontinue the disbursement for all Cards and other payment Transactions of Merchant in the process of being collected and deposited. Upon termination for any reason, Merchant will immediately cease requesting and will cease transmitting Sales Drafts to Bank. In the event Merchant obtains any Authorization after termination, Merchant acknowledges and agrees that the fact that any Authorization was requested or obtained shall not operate to reinstate this Agreement.

Appears in 4 contracts

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

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Discontinuation of Services. In the event of termination for any reason, Merchant authorizes Bank and Company to withhold and discontinue the disbursement for all Cards and other payment Transactions of Merchant in the process of being collected and deposited. Upon termination for any reason, Merchant Xxxxxxxx will immediately cease requesting and will cease transmitting Sales Drafts to Bank. In the event Merchant obtains any Authorization after termination, Merchant acknowledges and agrees that the fact that any Authorization was requested or obtained shall not operate to reinstate this Agreement.

Appears in 3 contracts

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

Discontinuation of Services. In the event of termination for any reason, Merchant expressly authorizes Bank and Company to withhold and discontinue the disbursement for all Cards and other payment Transactions transactions of Merchant in the process of being collected and deposited. Upon termination for any reason, Merchant will immediately cease requesting and will cease transmitting Sales Drafts to Bank. In the event Merchant obtains any Authorization after termination, Merchant expressly acknowledges and agrees that the fact that any Authorization was requested or obtained shall not operate to reinstate this Agreement.

Appears in 2 contracts

Samples: Merchant Processing Agreement, Merchant Processing Agreement

Discontinuation of Services. In the event of termination or expiration of the Agreement for any reason, Merchant authorizes Bank and Company to withhold and discontinue the disbursement for all of funds arising from any Cards and and/or other payment Transactions of Merchant in the process of being collected and deposited. Upon termination for any reason, Merchant will Xxxxxxxx shall immediately cease requesting and will cease transmitting Sales Drafts to BankCompany. In the event Merchant obtains any Authorization after termination, Merchant acknowledges and agrees that the fact that any Authorization was requested or obtained shall not operate to reinstate this Agreement.

Appears in 1 contract

Samples: Merchant Processing Agreement

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Discontinuation of Services. In the event of termination for any reason, Merchant expressly authorizes Bank and Company to withhold and discontinue the disbursement for all Cards and other payment Transactions transactions of Merchant in the process of being collected and deposited. Upon termination for any reason, Merchant Xxxxxxxx will immediately cease requesting Authorizations and will cease transmitting Sales Drafts to Bank. In the event Merchant obtains any Authorization after termination, Merchant expressly acknowledges and agrees that the fact that any Authorization was requested or obtained shall not operate to reinstate this Agreement.

Appears in 1 contract

Samples: Merchant Processing Agreement

Discontinuation of Services. In the event of termination for any reason, Merchant expressly authorizes Bank and Company Service Provider to withhold and discontinue the disbursement for all Cards and other payment Transactions of Merchant in the process of being collected and deposited. Upon termination for any reason, Merchant Xxxxxxxx will immediately cease requesting Authorizations and will cease transmitting Sales Drafts to BankService Provider. In the event Merchant obtains any Authorization after termination, Merchant expressly acknowledges and agrees that the fact that any Authorization was requested or obtained shall not operate to reinstate this Agreement.

Appears in 1 contract

Samples: Merchant Processing Agreement

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