Common use of Returned Entries Clause in Contracts

Returned Entries. PROCESSOR will apply returned Entries to CUSTOMER’s account when they are received in accordance with the Rules. CUSTOMER is solely responsible for payment of any and all returned Entries. CUSTOMER acknowledges that PROCESSOR has the right to establish return rate thresholds, which may be changed from time to time. PROCESSOR has the right to immediately suspend processing and terminate this Agreement if returns exceed the established threshold.

Returned Entries. PROCESSOR will apply returned Entries to CUSTOMER’s account when they are received in accordance with the Rules. CUSTOMER is solely responsible for payment of any and all returned Entries. CUSTOMER acknowledges that PROCESSOR has the right to establish return rate thresholds, which may be changed from time to time. PROCESSOR has the right to immediately suspend processing and terminate this Agreement if returns exceed the established thresholdthresholds. CUSTOMER may reinitiate an Entry only in limited circumstances as permitted by the Rules, and only in compliance with the Rules.