Common use of Xxxx Advances Clause in Contracts

Xxxx Advances. Merchant will not submit, deposit or process any Transaction for the purpose of obtaining or providing a cash advance. Merchant will not submit any Transaction that involves a Card owned or controlled by Merchant for the purpose of obtaining a cash advance or deposit of funds into Merchant’s own Designated Account. Xxxxxxxx agrees that any such deposit or Transaction may result in immediate termination.

Appears in 3 contracts

Samples: Merchant Processing Agreement, Merchant Processing Agreement, Merchant Processing Agreement

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Xxxx Advances. Merchant will not submit, deposit or process any Transaction transaction for the purpose of obtaining or providing a cash advance. Merchant will not submit any Transaction transaction that involves a Card owned or controlled by Merchant for the purpose of obtaining a cash advance or deposit of funds into MerchantXxxxxxxx’s own Designated Account. Xxxxxxxx Merchant agrees that any such deposit or Transaction may result in transaction shall be grounds for immediate termination.

Appears in 1 contract

Samples: Merchant Processing Agreement

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