Common use of Unusual and Suspicious Transactions; Account Monitoring Clause in Contracts

Unusual and Suspicious Transactions; Account Monitoring. (a) Merchant acknowledges that Servicers will monitor Merchant's daily deposit activity for purposes of monitoring compliance with this Agreement. Merchant agrees that Merchant's deposit activity will remain consistent with the "approved" monthly volume and average ticket amount approved on the Merchant Application and/or by Servicers. Servicers may require additional documentation if Merchant should exceed "approved" monthly volume or average ticket, and Merchant agrees promptly to provide such documentation upon request. Merchant agrees that Servicers may, in their sole discretion, elect not to process volumes over the approved monthly volume or overlimit transactions, and/or to terminate processing of Card transactions for cause in the event of overlimit or excessive activity. Merchant further agrees that Servicers may, in their sole discretion, suspend the disbursement of Merchant's funds for any reasonable period of time required to investigate suspicious or unusual deposit activity and that such suspension may subject Merchant to additional suspension fees as set forth herein. Servicers will make good faith efforts to notify Merchant of such suspension as promptly as is commercially reasonable, but no liability shall accrue against Servicers if such notice is not so provided. Servicers shall have no liability for any losses, either direct or indirect, which Merchant may attribute to any suspension of funds disbursement.

Unusual and Suspicious Transactions; Account Monitoring. (a) Merchant acknowledges that Servicers will monitor Merchant's ’s daily deposit activity for purposes of monitoring compliance with this Agreement. Merchant agrees that Merchant's ’s deposit activity will remain consistent with the "“approved" ” monthly volume and average ticket amount approved on the Merchant Application and/or by Servicers. Servicers may require additional documentation if Merchant should exceed "“approved" ” monthly volume or average ticket, and Merchant agrees promptly to provide such documentation upon request. Merchant agrees that Servicers may, in their sole discretion, elect not to process volumes over the approved monthly volume or overlimit transactions, and/or to terminate processing of Card transactions for cause in the event of overlimit or excessive activity. Merchant further agrees that Servicers may, in their sole discretion, suspend the disbursement of Merchant's ’s funds for any reasonable period of time required to investigate suspicious or unusual deposit activity and that such suspension may subject Merchant to additional suspension fees as set forth herein. Servicers will make good faith efforts to notify Merchant of such suspension as promptly as is commercially reasonable, but no liability shall accrue against Servicers if such notice is not so provided. Servicers shall have no liability for any losses, either direct or indirect, which Merchant may attribute to any suspension of funds disbursement.

Unusual and Suspicious Transactions; Account Monitoring. (a) Merchant acknowledges that Servicers will monitor Merchant's ’s daily deposit activity for purposes of monitoring compliance with this Agreement. Merchant Xxxxxxxx agrees that Merchant's Xxxxxxxx’s deposit activity will remain consistent with the "“approved" ” monthly volume and average ticket amount approved on the Merchant Application and/or by Servicers. Servicers may require additional documentation if Merchant should exceed "“approved" ” monthly volume or average ticket, and Merchant Xxxxxxxx agrees promptly to provide such documentation upon request. Merchant Xxxxxxxx agrees that Servicers may, in their sole discretion, elect not to process volumes over the approved monthly volume or overlimit transactions, and/or to terminate processing of Card transactions for cause in the event of overlimit or excessive activity. Merchant Xxxxxxxx further agrees that Servicers may, in their sole discretion, suspend the disbursement of Merchant's Xxxxxxxx’s funds for any reasonable period of time required to investigate suspicious or unusual deposit activity and that such suspension may subject Merchant to additional suspension fees as set forth herein. Servicers will make good faith efforts to notify Merchant of such suspension as promptly as is commercially reasonable, but no liability shall accrue against Servicers if such notice is not so provided. Servicers shall have no liability for any losses, either direct or indirect, which Merchant may attribute to any suspension of funds disbursement.

Unusual and Suspicious Transactions; Account Monitoring. (a) Merchant acknowledges that Servicers will monitor Merchant's ’s daily deposit activity for purposes of monitoring compliance with this Agreement. Merchant agrees that Merchant's ’s deposit activity will remain consistent with the "“approved" ” monthly volume and average ticket amount approved on the Merchant Application and/or by Servicers. Servicers may require additional documentation if Merchant should exceed "“approved" ” monthly volume or average ticket, and Merchant agrees promptly to provide such documentation upon request. Merchant agrees that Servicers may, in their sole discretion, (i) elect not to process volumes over the approved monthly volume or overlimit transactions, and/or (ii) to terminate processing of Card transactions for cause in the event of overlimit or excessive activity, and/or (iii) modify Merchant’s “approved” monthly volume or high ticket based on, without limitation, industry or risk-based data available to Servicers, including in relation to Merchant’s MCC. Merchant further agrees that Servicers may, in their sole discretion, suspend the disbursement of Merchant's ’s funds for any reasonable period of time required to investigate suspicious or unusual deposit activity and that such suspension may subject Merchant to additional suspension fees as set forth herein. Servicers will make good faith efforts to notify Merchant of such suspension as promptly as is commercially reasonable, but no liability shall accrue against Servicers if such notice is not so provided. Servicers shall have no liability for any losses, either direct or indirect, which Merchant may attribute to any suspension of funds disbursement.