Merchant Shall Not Clause Samples
Merchant Shall Not. During the term of this Agreement, without first obtaining Purchaser’s consent, Merchant shall not:
i. Change or close the Approved Bank Account or change or terminate the Approved Processor.
ii. Open and deposit Future Receipts into a bank account different from the Approved Bank Account.
iii. Add a credit card processor in addition to the Approved Processor.
iv. Sell Merchant’s business (as an entity or its assets) to a third party.
v. Disconnect Purchaser’s bank monitoring software.
vi. Sell Future Receipts to a third party.
vii. Breach, or deviate from strict performance of, any and all other obligations of Merchant under this Agreement.
Merchant Shall Not. 9.1.1 at any time during or after the Term divulge or allow to be divulged to any person any confidential information relating to MM, the MM System, the MM Transactions or the Customers other than to persons who have signed a confidentiality undertaking in the form approved by MM.
9.1.2 permit any person to act or assist in the performance of this Agreement until such person has signed such undertaking.
Merchant Shall Not. During the term of this Agreement, without first obtaining Purchaser's consent, Merchant shall not: i. Change or close the Approved Bank Account or change or terminate the Approved Processor.
Merchant Shall Not. During the term of this Agreement, without first obtaining Purchaser’s consent, which consent may not be unreasonably withheld, Merchant shall not:
i. Change or close the Approved Bank Account or change or terminate the Approved Processor.
ii. Open and deposit Future Receipts into a bank account different from the Approved Bank Account.
iii. Add a credit card processor in addition to the Approved Processor.
iv. Sell Merchant’s business (as an entity or its assets) to a third party.
v. Disconnect Purchaser’s bank monitoring software.
Merchant Shall Not. 8.2.1 at any time during or after the Term divulge or allow to be divulged to any person any confidential information relating to MP, the MP System, the MP Transactions or the Customers other than to persons who have signed a confidentiality undertaking in the form approved by MP.
8.2.2 permit any person to act or assist in the performance of this Agreement until such person has signed such undertaking.
Merchant Shall Not. During the term of this Agreement, without first obtaining Purchaser’s consent, Merchant shall not:
i. Change or close the Approved Bank Account or change or terminate the Approved Processor.
ii. Open and deposit Future Receipts into a bank account different from the Approved Bank Account.
iii. Add a credit card processor in addition to the Approved Processor.
iv. Sell Merchant’s business (as an entity or its assets) to a third party.
v. Disconnect Purchaser’s bank monitoring software.
vi. Sell Future Receipts to a third party for a term of under 12 months.
vii. Breach, or deviate from strict performance of, any and all other obligations of Merchant under this Agreement.