Common use of Application and Acceptance Clause in Contracts

Application and Acceptance. 1.1 As part of the acceptance process, ARC may, at its sole discretion, conduct any investigation or inquiry of Entity or its Representatives, as ARC deems appropriate. Entity shall ensure that it and its Representatives shall fully cooperate with any and all of ARC’s requests and promptly provide all information requested by ARC hereunder. Entity shall further ensure that its Representatives fully cooperate with any and all of ARC’s requests under this Agreement. Such investigation or inquiry may include, but is not limited to, in-person or virtual inspections of the physical premises, whether located in the U.S. or internationally (including any call centers actually or believed to be affiliated with Entity, whether by ownership or contract) and/or the electronic systems of Entity or its Representatives. In all instances Entity’s owners, managers, associates, Representatives, and all other parties who have the right to act on behalf of the Entity shall be vetted as part of ARC’s due diligence and Know Your Customer (KYC) procedures. 1.2 ARC may, at its sole discretion, require that any Sub-Entity of a Consolidator submit an application to become an ARC-Accredited Entity or VTC, or any other information, documents, or materials, as a condition to such Consolidator’s continued processing of ARC Pay Transactions on behalf of Sub-Entity.