Common use of Withdrawal by Euronet Clause in Contracts

Withdrawal by Euronet. Notwithstanding Clause 4.1 above, Euronet shall be entitled to withdraw from this Agreement by giving to the Partner a [thirty (30) day] prior written notice in the event that: • the relevant laws and/or regulations of the card organisations change in a way that continued performance of this Agreement would no longer be in Euronet’s interest; • any applicable licenses, authorizations and/or registrations related to or in connection with the ATM business operated by Euronet are revoked, changed and/or suspended (including any delays in the original granting of such) for any reason; • the ATM business becomes non- profitable for Euronet due to insufficient number of transactions effected by the Cardholders on the ATM; • Euronet no longer wishes to deploy an ATM at the Location; • the owner and/or lessee changes as per Clause 3.5.1 and/or • the nature or ownership of the business in the Premises is changed as per Clause

Appears in 3 contracts

Samples: Single Site Atm Agreement, Single Site Atm Agreement, Single Site Atm Agreement

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Withdrawal by Euronet. Notwithstanding Clause 4.1 above, Euronet shall be entitled to withdraw from this Agreement by giving to the Partner a [thirty three (303) day] months’ prior written notice in the event that: (i) the relevant laws and/or regulations of the card organisations change in a way that continued performance of this Agreement would no longer be in Euronet’s interest; (ii) any applicable licenses, authorizations and/or registrations related to or in connection with the ATM business operated by Euronet are revoked, changed and/or suspended (including any delays in the original granting of such) for any reason; (iii) the ATM business becomes non- profitable for Euronet due to insufficient number of transactions effected by the Cardholders on the ATM; (iv) Euronet no longer wishes to deploy an ATM at the Location; (v) the owner and/or lessee changes as per Clause 3.5.1 3.5.1; and/or (vi) the nature or ownership of the business in the Premises is changed as per ClauseClause 3.5.1 in a way that reflects negatively on Euronet’s business and/or reputation. 4.3

Appears in 2 contracts

Samples: Single Site Atm Agreement, Single Site Atm Agreement

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