Termination by Merchant. Merchant may terminate this Agreement by closing Merchant Company Account at any time. When Merchant closes the Account, any pending Transactions will be cancelled. Any funds that the Bank holding in custody for Merchant at the time of closure, less any applicable Fees and other liabilities of Merchant, will be paid out to Merchant according to Merchant payment schedule. Bank may also withhold such funds pending investigation of Merchant Transactions or potential liabilities hereunder.
Appears in 4 contracts
Samples: Terms and Conditions, End User License Agreement, Magic Payments Terms and Conditions
