Electronic Check Processing Agreement Clause Samples
An Electronic Check Processing Agreement outlines the terms under which a business or individual authorizes the electronic processing of checks, typically converting paper checks into electronic payments. This clause details the procedures for submitting checks electronically, the responsibilities of both parties regarding data accuracy, and the timing of fund transfers. By establishing clear rules for electronic check handling, it streamlines payment processing, reduces the risk of errors, and ensures both parties understand their obligations in digital transactions.
Electronic Check Processing Agreement. Each Merchant represents, warrants, and covenants that it will not, without CEDAR’s prior written consent, change its Processor, add terminals, change its financial institution or bank account, or take any other action that could have any adverse effect upon any Merchant’s obligations under this Agreement.
Electronic Check Processing Agreement. Merchant will not change its Processor, add terminals, change its financial institution or bank account(s)or take any other action that could have any adverse effect upon Merchant’s obligations under this Agreement, without FUNDER’s prior written consent. Any such changes shall be a material breach of this Agreement.
Electronic Check Processing Agreement. Each Merchant represents, warrants, and covenants that it will not, without ALVA’s prior written consent, change its Processor, add terminals, change its financial institution or bank account, or take any other action that could have any adverse effect upon any Merchant’s obligations under this Agreement.
Electronic Check Processing Agreement. Each Merchant represents, warrants, and covenants that it will not, without MFG’s prior written consent, change its Processor, add terminals, change its financial institution or bank account, or take any other action that could have any adverse effect upon any Merchant’s obligations under this Agreement.
Electronic Check Processing Agreement. Each Merchant represents, warrants, and covenants that it will not, without UFS’s prior written consent, change its Processor, add terminals, change its financial institution or bank account, or take any other action that could have any adverse effect upon any Merchant’s obligations under this Agreement.
Electronic Check Processing Agreement. Seller shall not change its processor, add terminals, change its financial institution or bank account(s) or take any other action that could have any adverse effect upon Seller’s obligations or impede Purchaser’s rights under this Agreement, without Purchaser’s prior written consent.
Electronic Check Processing Agreement. MeFchant will n○t change its PF○cess○F, add teFminals, change its financial instituti○n ○F bank acc○unt(s) ○F take any ○theF acti○n that c○uld have any adveFse effect up○n MeFchant´s ○bligati○ns undeF this AgFeement, with○ut CPL's pFi○F wFitten c○nsent. Any such changes shall be a mateFial bFeach ○f this AgFeement.
Electronic Check Processing Agreement. Each Merchant represents, warrants, and covenants that it will not, without SA2’s prior written consent, change its Processor, add terminals, change its financial institution or bank account, or take any other action that could have any adverse effect upon any Merchant’s obligations under this Agreement.
Electronic Check Processing Agreement. Merchant will not change its Processor, add terminals, change its financial institution or bank account(s) or take any other action that could have any adverse effect upon Merchant’s obligations under this Agreement, without Purchaser’s prior written consent, which consent may be withheld in its absolute discretion. Any such change shall be a material breach and Event of Default of this Agreement. Merchant shall not change or close Merchant’s Account, or credit card processor through which the major credit cards are settled from Processor to another credit card processor, cease or change its payment instruction or other arrangements with Processor or to permit any event to occur that could cause a diversion of any of Merchant’s credit and/or debit card transactions to another processing company without Purchaser’s prior written consent, which may be withheld, denied, and/or conditioned in Purchaser’s sole and absolute discretion. In the event that Merchant changes its Purchaser-approved Processor without Purchaser’s written consent, Merchant shall, in addition to paying any other damages suffered by Purchaser, pay to Purchaser the Blocked Account Fee set forth in the attached Fee Structure Addendum as liquidated damages, as it will be impracticable or extremely difficult to determine the resulting damages suffered by Purchaser.
Electronic Check Processing Agreement. Each Merchant represents, warrants, and covenants that it will not, without TVT’s prior written consent, change its Processor, add terminals, change its financial institution or bank account, or take any other action that could have any adverse effect upon any Merchant’s obligations under this Agreement. 24.