Common use of Establishment and Authority Clause in Contracts

Establishment and Authority. Merchant will establish and maintain an account at an ACH receiving depository institution approved by Bank and Processor (“Designated Account”). Merchant will maintain sufficient funds in the Designated Account to satisfy all obligations, including fees, contemplated by this Agreement. Merchant irrevocably authorizes Bank and Processor to debit the Designated Account for chargebacks, recoupments, adjustments, fines, fees and any other penalties or amounts owed under this Agreement, and irrevocably authorizes Bank and Processor to debit the Designated Account for any amount owed to Bank and Processor under this Agreement other than the amounts directly attributable to the settlement of transactions. You also authorize Processor and Bank to debit the Merchant Account for any fees due such vendor or agent under this Agreement. This authority will remain in effect for at least 2 years after termination of this Agreement whether or not you have notified Processor and Bank of a change to the Designated Account. Merchant must obtain prior written consent from Bank or Processor to change the Designated Account. If Merchant does not get that consent, Processor or Bank may immediately terminate the Agreement and may take other action necessary, as determined by them within their sole discretion.

Establishment and Authority. Merchant will establish and maintain an account at an ACH receiving depository institution approved by Bank and Processor EVO (“Designated Account”“Designated Account”). Merchant will maintain sufficient funds in the Designated Account to satisfy all obligations, including fees, contemplated by this Agreement. Merchant Xxxxxxxx irrevocably authorizes Bank and Processor EVO to debit the Designated Account for chargebacks, recoupments, adjustments, fines, fees and any other penalties or amounts owed under this Agreement, and irrevocably authorizes Bank and Processor EVO to debit the Designated Account for any amount owed to Bank and Processor EVO under this Agreement other than the amounts directly attributable to the settlement of transactions. You also authorize Processor EVO and Bank to debit the Merchant Account for any fees due such vendor or agent under this Agreement. This authority will remain in effect for at least 2 years after termination of this Agreement whether or not you have notified Processor EVO and Bank of a change to the Designated Account. Merchant Xxxxxxxx must obtain prior written consent from Bank or Processor EVO to change the Designated Account. If Merchant does not get that consent, Processor EVO or Bank may immediately terminate the Agreement and may take other action necessary, as determined by them within their sole discretion.

Establishment and Authority. Merchant will establish and maintain an account at an ACH receiving depository institution approved by Bank and Processor EVO (“Designated Account”“Designated Account”). Merchant will maintain sufficient funds in the Designated Account to satisfy all obligations, including fees, contemplated by this Agreement. Merchant irrevocably authorizes Bank and Processor EVO to debit the Designated Account for chargebacks, recoupments, adjustments, fines, fees and any other penalties or amounts owed under this Agreement, and irrevocably authorizes Bank and Processor EVO to debit the Designated Account for any amount owed to Bank and Processor EVO under this Agreement other than the amounts directly attributable to the settlement of transactions. You also authorize Processor EVO and Bank to debit the Merchant Account for any fees due such vendor or agent under this Agreement. This authority will remain in effect for at least 2 years after termination of this Agreement whether or not you have notified Processor EVO and Bank of a change to the Designated Account. Merchant must obtain prior written consent from Bank or Processor EVO to change the Designated Account. If Merchant does not get that consent, Processor EVO or Bank may immediately terminate the Agreement and may take other action necessary, as determined by them within their sole discretion.