Recoupment and Set Off. Service Providers have the right of recoupment and set-off. Service Providers may offset any outstanding/uncollected amounts owed to them from: (i) any amounts they would otherwise be obligated to deposit into the Bank Account; (ii) any other amounts Service Providers may owe Merchant under this Agreement; and (iii) the Reserve Account or any other account of Merchant at Service Providers. The rights conferred upon Service Providers in this Section are not intended to be exclusive of each other or of any other rights and remedies of Service Providers under this Agreement, at law, or in equity. Rather, each and every right of Service Providers at law or in equity will be cumulative and concurrent and in addition to every other right.
Appears in 5 contracts
Samples: Merchant Agreement, Merchant Agreement, Merchant Agreement
