Common use of Merchant Obligations Clause in Contracts

Merchant Obligations. 3.1. MERCHANT will notify NT immediately – at least thirty (30) Business Days’ in advance by a written notice prior to the effectiveness of the change – of any relevant changes, including, but not limited to legal representative(s), bank account (for settlement), website/online shop URL, major ownership (10 % or more), key geographical markets, financial standing, type, scope or nature of business, change of business name or entering into a joint venture or joint marketing agreement or any other information provided in the application and the KYC Process.