Reserves After Termination Sample Clauses

Reserves After Termination. T1 Payments may continue to hold or deposit funds as Reserves into the Reserve Account after termination of this Agreement. Upon termination of this Agreement (whether by Merchant or T1 Payments), T1 Payments may retain sufficient funds to satisfy any and all amounts then owed, or that may be owed in the future, by Merchant to T1 Payments under this Agreement, including but not limited to Service Fees, Chargebacks, Refunds, Credits, Penalties, liquidated damages pursuant to Sections 5.3, 5.4 or 5.5, indemnification obligations, and any other charges. T1 Payments may withhold or require Merchant to deposit additional funds into the Reserve Account upon termination of this Agreement, and Xxxxxxxx’s obligation to replenish Reserves upon request by T1 Payments shall survive termination of this Agreement.
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Reserves After Termination. T1 PAYMENTS MAY CONTINUE TO HOLD OR DEPOSIT FUNDS AS RESERVES INTO THE RESERVE ACCOUNT AFTER TERMINATION OF THIS AGREEMENT. UPON TERMINATION OF THIS AGREEMENT (WHETHER BY MERCHANT OR T1 PAYMENTS), T1 PAYMENTS MAY RETAIN SUFFICIENT FUNDS TO SATISFY ANY AND ALL AMOUNTS THEN OWED, OR THAT MAY BE OWED IN THE FUTURE, BY MERCHANT TO T1 PAYMENTS UNDER THIS AGREEMENT, INCLUDING BUT NOT LIMITED TO SERVICE FEES, CHARGEBACKS, REFUNDS, CREDITS, PENALTIES, LIQUIDATED DAMAGES PURSUANT TO SECTIONS 5.3, 5.4 OR 5.5, INDEMNIFICATION OBLIGATIONS, ATTORNEY’S FEES, AND ANY OTHER CHARGES. T1 PAYMENTS MAY WITHHOLD OR REQUIRE MERCHANT TO DEPOSIT ADDITIONAL FUNDS INTO THE RESERVE ACCOUNT UPON TERMINATION OF THIS AGREEMENT, AND MERCHANT’S OBLIGATION TO REPLENISH RESERVES UPON REQUEST BY T1 PAYMENTS SHALL SURVIVE TERMINATION OF THIS AGREEMENT. IN THE EVENT OF A CONFLICT OR INCONSISTENCY BETWEEN THIS SECTION AND ANY OTHER SECTION, THIS SECTION SHALL CONTROL AND GOVERN THE RIGHTS AND OBLIGATIONS OF THE PARTIES. MERCHANT AND T1 PAYMENTS AGREE THAT, TO THE EXTENT REQUIRED BY APPLICABLE LEGAL REQUIREMENTS TO BE EFFECTIVE, THE LANGUAGE CONTAINED IN THIS SECTION ARE “ CONSPICUOUS” FOR THE PURPOSES OF ANY APPLICABLE LEGAL REQUIREMENT.

Related to Reserves After Termination

  • After termination (a) Termination of this Agreement does not affect any accrued right or liability of either party nor will it affect the coming into force or the continuation in force of any provision of this Agreement that is expressly or by implication intended to come into or continue in force on or after the termination.

  • Obligations after Termination a. Following termination of this Agreement, a Party shall remain liable for all obligations arising hereunder prior to the effective date of termination, including all obligations accrued prior to the effective date, imposed on the Party by this Agreement or the ISO Tariffs or other ISO Related Agreements.

  • Other Termination If the Optionee’s employment terminates for any reason other than the Optionee’s death, the Optionee’s disability or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s determination of the reason for termination of the Optionee’s employment shall be conclusive and binding on the Optionee and his or her representatives or legatees.

  • Other Terminations If Executive’s service with the Company is terminated by the Company or by Executive for any or no reason other than as a Covered Termination, then Executive shall not be entitled to any benefits hereunder other than accrued but unpaid salary, bonus, vacation and expense reimbursement in accordance with applicable law and to elect any continued healthcare coverage as may be required under COBRA or similar state law.

  • Membership Termination No Member may terminate its membership in the Sector 21 other than in accordance with this Section 12. A Member that has agreed to join the Sector prior to the 22 Effective Date may withdraw from Sector membership prior to the Effective Date without penalty or 23 prejudice. Thereafter, only a Member that is not in breach of this Agreement and that has no 24 outstanding Sector performance or payment obligations may terminate its membership in the Xxxxxx, 00 and may do so only in compliance with the terms and conditions of this Section 12. Notwithstanding the 26 foregoing, the Board may terminate the membership of a Member in breach of its payment or 27 performance obligations under this Agreement, as the Board deems appropriate in its sole discretion.

  • Survival of Provisions After Termination (1) If this Settlement Agreement is not approved, is terminated or otherwise fails to take effect for any reason, the provisions of Sections 3.2(3), 4.1(5)(b), 6.1, 6.2, 6.3, 6.4, 9.1, 9.2, 10(4), 11.1(2) and 12.2(3), and the definitions and Schedules applicable thereto shall survive the termination and continue in full force and effect. The definitions and Schedules shall survive only for the limited purpose of the interpretation of Sections 3.2(3), 4.1(5)(b), 6.1, 6.2, 6.3, 6.4, 9.1, 9.2, 10(4), 11.1(2) and 12.2(3) within the meaning of this Settlement Agreement, but for no other purposes. All other provisions of this Settlement Agreement and all other obligations pursuant to this Settlement Agreement shall cease immediately.

  • On Termination (a) An employee who voluntarily terminates his employment will be provided his final pay on the next regular payday.

  • Other Termination Provisions 1. We may deliver any notice instead of mailing it. Proof of mailing of any notice shall be sufficient proof of notice.

  • CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be effected and the basis for settlement. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for cause after giving the vendor an appropriate opportunity and up to 30 days, to cure the causal breach of terms and conditions. ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for convenience with 30 days notice in writing to the awarded vendor. The vendor would be compensated for work performed and goods procured as of the termination date if for convenience of the ESC Region 8 and TIPS Members. Any award under this procurement process is not exclusive and the ESC Region 8 and TIPS reserves the right to purchase goods and services from other vendors when it is in the best interest of the ESC Region 8 and TIPS. Does vendor agree? Yes

  • BREACH; TERMINATION Failure of either party to comply substantially with any material provision hereof is a breach of the Lease. Should Tenant neglect or fail to perform and observe any of the terms of this Lease, Landlord shall give Tenant written notice of such breach requiring Tenant to remedy the breach or vacate the Premises on or before a date at least 5 days after the giving of such notice, and if Tenant fails to comply with such notice, Landlord may declare this tenancy terminated and institute action to expel Tenant from the leased Premises without limiting the liability of Tenant for the rent due or to become due under this Lease. If Tenant has been given such notice and has remedied the breach or been permitted to remain in the Premises, and within one year of such previous breach, Tenant commits a similar breach, this Lease may be terminated if, before the breach has been remedied, Landlord gives notice to Tenant to vacate on or before a date at least 14 days after the giving of the notice as provided in sec. 704.17

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