Common use of Effects of Suspension Clause in Contracts

Effects of Suspension. 29.1. Should any of the circumstances contemplated in clause 28 occur: 29.1.1. NuPay will not be obliged to enter into any new business transactions with the Merchant, settle the Merchant’s account, and/or pay any funds to the Merchant, for the duration of the suspension; and 29.1.2. where applicable, NuPay will cancel the Merchant’s Website or NuCard Website Login ID to prevent access to the Website or NuCard Website. 29.2. The suspension shall continue for so long a period as to provide NuPay with time to investigate the event giving rise to the suspension. 29.3. During the aforesaid period of investigation, the Merchant shall provide NuPay with information reasonably requested by XxXxx in order to assist with the investigation. 29.4. Should NuPay lift the suspension: 29.4.1. if the Merchant so desires, the Merchant may resume submission of new business transactions and, where applicable, reinstate the Merchant’s Website Login ID; 29.4.2. where applicable, NuPay shall resume the Disbursement Cycle.

Appears in 4 contracts

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

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!