Common use of Merchant Account Clause in Contracts

Merchant Account. 8.1 To benefit from any of the Desjardins Payment Services, the Merchant must have and maintain an account at the Canadian financial institution it identified when the Application Form was completed. The Merchant may also hold other accounts for the same purposes, which shall then be deemed to form part of a single Merchant Account for the purposes of this Agreement. However, the Merchant must have a Merchant Account for each of its addresses. 8.2 The Merchant shall continue to be subject to the conditions and fees prescribed by its depositary financial institution in respect of the Merchant Account. The Merchant shall give the Federation fifteen (15) days’ prior written notice of any change of account. Said notice shall indicate the new account number and, where applicable, the name of the new financial institution. 8.3 The Merchant hereby asks, and therefore authorizes the Federation, to credit or debit, as the case may be, the total amount of any Transaction to or from its Merchant Account. The Merchant acknowledges that it is the duty of the depositary financial institution to credit said account the moment it receives the funds sent by the Federation.

Merchant Account. 8.1 7.1 To benefit from any of the Desjardins Payment Services, the Merchant must have and maintain an account at the Canadian financial institution it identified when the Application Form was completed. The Merchant may also hold other accounts for the same purposes, which shall then be deemed to form part of a single Merchant Account for the purposes of this Agreement. However, the Merchant must have a Merchant Account for each of its addresses. 8.2 7.2 The Merchant shall continue to be subject to the conditions and fees prescribed by its depositary financial institution in respect of the Merchant Account. The Merchant shall give the Federation fifteen (15) days’ prior written notice of any change of account. Said notice shall indicate the new account number and, where applicable, the name of the new financial institution. 8.3 7.3 The Merchant hereby asks, and therefore authorizes the Federation, to credit or debit, as the case may be, the total amount of any Transaction to or from its Merchant Account. The Merchant acknowledges that it is the duty of the depositary financial institution to credit said account the moment it receives the funds sent by the Federation.

Merchant Account. 8.1 4.1 To benefit from any of the Desjardins Payment ServicesAccord X Xxxxxxxxxx Financing Service, the Merchant must have and maintain an account at the Canadian financial institution it identified when the Application Form was completed. The Merchant may also hold other accounts for the same purposes, which shall then be deemed to form part of a single Merchant Account for the purposes of this Agreement. However, the Merchant must have a Merchant Account for each of its addresses. 8.2 4.2 The Merchant shall continue to be subject to the conditions and fees prescribed by its depositary financial institution in respect of the Merchant Account. The Merchant shall give the Federation fifteen (15) days’ prior written notice of any change of account. Said notice shall indicate the new account number and, where applicable, the name of the new financial institution. 8.3 4.3 The Merchant hereby asks, and therefore authorizes the Federation, to credit or debit, as the case may be, the total amount of any Transaction to or from its Merchant Account. The Merchant acknowledges that it is the duty of the depositary financial institution to credit said account the moment it receives the funds sent by the Federation.