Dormancy. 7.1. If the Merchant does not use the Service the Merchant procured from VPS for 3 (three) consecutive Calendar Month’s, the Merchant’s Services will be regarded as dormant. When the Merchant’s Service is dormant, VPS reserves the right to do the following: 7.1.1. suspend the Service and products immediately without prior notice; 7.1.2. terminate the Agreement immediately without prior notice and without prejudice to any other rights in law; 7.1.3. hold the Merchant liable and debit the Merchant Bank Account and apply set-off for all Fees; and 7.2. VPS may further rely on any of the remedies available to it by law.
Appears in 3 contracts
Sources: Merchant Services Agreement, Merchant Services Agreement, Payment Facilitation Agreement