Common use of Suitability Review Clause in Contracts

Suitability Review. Xxxxxxxx agrees that DCS may require the Merchant to update the information provided to DCS as part of our initial review and underwriting at any time, including by not limited to updated credit reports, financials and bank statements. Xxxxxxxx also agrees that DCS may employ other services to ascertain the Merchant’s continued suitability in DCS sole judgment for check processing services. During regular business hours DCS may visit Merchant location to determine Merchant’s compliance with this agreement and or require of the Merchant a self-assessment to address the Merchant’s suitability. Should Merchant be judged by DCS to be unsuitable for continued processing, DCS may discontinue processing for Merchant and may invoke the termination procedures set forth in this agreement.

Appears in 4 contracts

Samples: Merchant Processing Agreement, Merchant Agreement, Merchant Agreement

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Suitability Review. Xxxxxxxx agrees that DCS may require the Merchant to update the information provided to DCS as part of our initial review and underwriting at any time, including by not limited to updated credit reports, financials and bank statements. Xxxxxxxx also agrees that DCS may employ other services to ascertain the Merchant’s continued suitability in DCS sole judgment for check processing services. During regular business hours DCS may visit Merchant location to determine Merchant’s compliance with this agreement and or require of the Merchant a self-assessment self‐assessment to address the Merchant’s suitability. Should Merchant be judged by DCS to be unsuitable for continued processing, DCS may discontinue processing for Merchant and may invoke the termination procedures set forth in this agreement.

Appears in 1 contract

Samples: Merchant Processing Agreement

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