Common use of Right to Terminate Access Clause in Contracts

Right to Terminate Access. We reserve the right to change or cancel the Service, in whole or in part, at any time without notice. We also reserve the right to temporarily suspend the Service at our sole discretion. We may also suspend or terminate your use of the Service without notice and for any reason. We may immediately suspend or terminate your access to this and related services in the event that we reasonably determine such suspension or termination is necessary in order to protect the Service and/or Surrey Bank & Trust from harm or compromise of integrity, security, reputation, or operation. You agree that we will not be liable to you or any third party for any modification or discontinuance of the Service. Upon any termination of this Agreement, (i) You will immediately cease using the Service, and (ii) you shall promptly remit all unpaid monies due under this Agreement. After suspension, cancellation or termination, Surrey Bank may, but is not obligated to, continue making previously authorized transfers. Suspension or termination of the Service by either party does not affect your obligations under this Agreement for transactions that have been or will be processed on your behalf. You will remain responsible for all outstanding fees and charges incurred prior to the date of termination. In addition, you agree to keep your account(s) with us open and to maintain funds in such account(s) in amounts and for a period of time determined by us in our reasonable discretion to cover any outstanding transactions and your obligations for returns of those transactions, warranty claims, fees and other obligations. If any such liabilities exceed the amount in the applicable account, we may charge such excess against any of your other accounts with us, and you will pay immediately upon demand to us any amount remaining unpaid.

Appears in 2 contracts

Samples: Banking Agreement, www.surreybank.com

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Right to Terminate Access. We reserve the right to change or cancel the Service, in whole or in part, at any time without notice. We also reserve the right to temporarily suspend the Service at our sole discretion. We may also suspend or terminate your use of the Service without notice and for any reason. We may immediately suspend or terminate your access to this and related services in the event that we reasonably determine such suspension or termination is necessary in order to protect the Service and/or Surrey Bank & Trust from harm or compromise of integrity, security, reputation, or operation. You agree that we will not be liable to you or any third party for any modification or discontinuance of the Service. Service Upon any termination of this Agreement, (i) You will immediately cease using the Service, and (ii) you shall promptly remit all unpaid monies due under this Agreement. After suspension, cancellation or termination, Surrey Bank may, but is not obligated to, continue making previously authorized transfers. Suspension or termination of the Service by either party does not affect your obligations under this Agreement for transactions that have been or will be processed on your behalf. You will remain responsible for all outstanding fees and charges incurred prior to the date of termination. In addition, you agree to keep your account(s) with us open and to maintain funds in such account(s) in amounts and for a period of time determined by us in our reasonable discretion to cover any outstanding transactions and your obligations for returns of those transactions, warranty claims, fees and other obligations. If any such liabilities exceed the amount in the applicable account, we may charge such excess against any of your other accounts with us, and you will pay immediately upon demand to us any amount remaining unpaid.

Appears in 2 contracts

Samples: Business Electronic Banking Agreement, www.surreybank.com

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