Common use of Return of Equipment/Materials Clause in Contracts

Return of Equipment/Materials. Within 14 business days of the date of termination, Merchant must return all equipment owned by Processor and immediately pay Processor any amounts Merchant owe it for equipment costs. All promotional materials, advertising displays, emblems, sales drafts, credit memoranda and other forms supplied to Merchant and not consumed in use will remain the property of Processor and will be immediately returned to Processor upon termination of this Agreement. Merchant will be fully liable for any and all losses, costs, and expenses suffered or incurred by Processor, arising out of any failure to return or destroy such materials following termination of this Agreement.

Appears in 4 contracts

Samples: These Merchant Processing Agreement, These Merchant Processing Agreement, Merchant Processing Agreement

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