ISO Authority Clause Samples

ISO Authority. The Merchant Marketplace only shall be authorized to accept, ratify, or finalize any Seller Agreement and accept a Seller’s offer to sell future payment rights. The Merchant Marketplace may, in its sole and absolute discretion, decline to accept any Seller’s offer to sell future payment rights for any reason whatsoever. Under no circumstances shall ISO hold out that it has any right to accept or decline a Seller’s offer to sell future payment rights nor shall ISO hold out or represent to any third party that ISO has the right to: (I) modify in any way any Seller Agreement; or (ii) bind The Merchant Marketplace legally or otherwise. No agreement made by or through ISO or an ISO Party shall be legally or otherwise binding on The Merchant Marketplace until accepted in writing by a duly authorized officer of The Merchant Marketplace.

ISO Authority. The Merchant Marketplace only shall be authorized to accept, ratify, or finalize any Seller Agreement and accept a Seller’s offer to sell future payment rights. The Merchant Marketplace may, in its sole and absolute discretion, decline to accept any Seller’s offer to sell future payment rights for any reason whatsoever. Under no circumstances shall ISO hold out that it has any right to accept or decline a Seller’s offer to sell future payment rights nor shall ISO hold out or represent to any third party that ISO has the right to: (I) modifyin any way any Seller Agreement; or (ii) bind The Merchant Marketplace legally or otherwise. No agreement made by or through ISO or its Affiliates shall be legally or otherwise binding on The Merchant Marketplace until accepted in writing by a duly authorized officer of The Merchant Marketplace. For the purposes of this Agreement, the term “Affiliate “shall mean, with respect to a specified party, any party that directly, or indirectly through one or more intermediaries, controls or is controlled by, or is under common control with the specified party.