Common use of Temporary Suspension of Services Clause in Contracts

Temporary Suspension of Services. Should any of the following occur: (i) FORTE observes irregular, suspicious or possible fraudulent Transaction activity on AGENCY’s account; (ii) FORTE determines there is an irregularity in AGENCY’s account, documentation, processes or financial condition that is inconsistent with FORTE’s risk requirements; (iii) AGENCY is in material breach of its payment or other financial obligations to FORTE; or (iv) FORTE is required by Laws, Rules or a Payment Network, FORTE reserves the right to temporarily suspend Services to AGENCY without prior written notice. In the event FORTE suspends Services to AGENCY under the terms of this Section, FORTE will provide AGENCY with notice of the suspension and the reason for such suspension, along with remediation actions so long as communicating such would not create a security risk or violate any legal obligation of FORTE.

Appears in 4 contracts

Samples: Payment Processing Agreement, Payment Processing Agreement, Payment Processing Agreement

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Temporary Suspension of Services. Should any of the following occur: (i) FORTE observes irregular, suspicious or possible fraudulent Transaction activity on AGENCYMerchant’s account; (ii) FORTE determines there is an irregularity in AGENCYMerchant’s account, documentation, processes or financial condition that is inconsistent with FORTE’s risk requirements; (iii) AGENCY Merchant is in material breach of its payment or other financial obligations to FORTE; or (iv) FORTE is required by Laws, Rules or a Payment Network, FORTE reserves the right to temporarily suspend Services to AGENCY Merchant without prior written notice. In the event FORTE suspends Services to AGENCY Merchant under the terms of this Section, FORTE will provide AGENCY Merchant with notice of the suspension and the reason for such suspension, along with remediation actions so long as communicating such would not create a security risk or violate any legal obligation of FORTE.

Appears in 1 contract

Samples: Merchant Services Agreement

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