FEES AND OTHER AMOUNTS OWED BANK. A. Fees and Taxes. Merchant will pay Bank fees for services, forms and equipment in accordance with the fees and rates set forth on the Application. Such fees will be calculated and debited from the Designated Account once each business day or month for the previous business day or month’s activity, or will be deducted from funds due Merchant attributable to Sales Drafts presented to Bank. Bank reserves the right to adjust the fees set forth on the Application, including adding fees for additional services utilized by Merchant, provided that Bank must approve, and notify Merchant in advance of, any fee to or obligation of Merchant arising from or related to performance of this Agreement. Merchant is obligated to pay all taxes, and other charges imposed by any governmental authority on the services provided under this Agreement. Bank may not assign or otherwise transfer an obligation to pay or reimburse Merchant arising from, or related to, performance of this Agreement.
FEES AND OTHER AMOUNTS OWED BANK. A. Fees and Taxes. Merchant will pay Bank and Company fees for services, forms and equipment in accordance with the fees and rates set forth on the Application and all other sums owed to Bank and Company for sales and services set forth in this Agreement, as applicable. Merchant agrees that it is jointly and severally liable for all fees, charges, and other sums owed to Bank or Company by any affiliated entities of Merchant and permits Bank or Company to withhold funds from any affiliated entity to satisfy an obligation of Merchant. Such fees will be calculated and debited from the Designated Account once each business day or month for the previous business day or month’s activity, or will be deducted from funds due Merchant attributable to Sales Drafts presented to Bank. Bank and Company reserve the right to adjust the fees set forth on the Application, including adding fees for additional services utilized by Merchant, provided that Bank or Company must notify Merchant thirty (30) days in advance of, any fee to or obligation of Merchant arising from or related to performance of this Agreement, except for any Card Brand fees which Company or Bank may notify Merchant in less than thirty (30) days. Merchant is obligated to pay all taxes, and other charges imposed by any governmental authority on the services provided under this Agreement. Bank may not assign or otherwise transfer an obligation to pay or reimburse Merchant arising from, or related to, performance of this Agreement. MERCHANT AUTHORIZES BANK AND HARBORTOUCH TO INITIATE DEBIT AND CREDIT ENTRIES TO THE DESIGNATED ACCOUNT FOR THE PURPOSES OF THE PAYMENT OF FEES AND ANY OTHER SUMS DUE UNDER THIS AGREEMENT.
FEES AND OTHER AMOUNTS OWED BANK
