Common use of Failure to Process with Company Clause in Contracts

Failure to Process with Company. If at any time after the Effective Date Merchant fails to use Company’s processing services for a period of thirty (30) days, then Company shall charge Merchant $15.00 per terminal (measured by terminal identification number) for each calendar month that Company’s processing services are not used (“Inactivity Fee”). The Inactivity Fee shall continue to be billed until such time that Merchant resumes, in full, Company’s processing services. The Inactivity Fee will be debited from Merchant’s account in accordance with Company’s standard billing practices. The Inactivity Fee is in addition to any other fees or charges. Notwithstanding the foregoing, Company reserves the right to terminate this Agreement or suspend Merchant’s access to the equipment and/or software for Merchant’s intentional non-use of Company’s processing services.

Failure to Process with Company. If at any time after the Effective Date Merchant fails to use Company’s processing services for a period of thirty (30) days, then Company shall charge Merchant $15.00 per terminal (measured by terminal identification number) for each calendar month that Company’s processing services are not used (“Inactivity Fee”). The Inactivity inactivity Fee shall continue to be billed until such time that Merchant resumes, in full, Company’s processing services. The Inactivity Fee will be debited from Merchant’s account in accordance with Company’s standard billing practices. The Inactivity Fee is in addition to any other fees or charges. Notwithstanding the foregoing, Company reserves the right to terminate this Agreement or suspend Merchant’s access to the equipment and/or software for Merchant’s intentional non-use of Company’s processing services.