Liabilities on Termination Clause Samples

Liabilities on Termination. No liability will attach to the Landlord or to the Tenant as a result of termination of this lease under this clause 14 but that termination will not affect the rights of either party in respect of any preceding breach of this lease.

Liabilities on Termination. On any termination hereof, Merchant shall remain liable hereunder for any and all Fees or costs accrued prior to or following termination and any other amounts owed by Merchant to Company, Acquirer, Processor, or a Payment Network. Liquidated Damages. Notwithstanding any other provision of this Agreement or any other remedy provided hereunder, in the event that Company reasonably believes Merchant is violating or has violated any applicable Network Rule, ACH Rule, Regulation E, or any other applicable Law, rule or regulation, or is in breach of any of its representations and warranties made in this Agreement relating to Merchant’s compliance with all applicable Network Rules, ACH Rules, Regulation E, or any other applicable laws, rules or regulations, Merchant shall pay to Company, as liquidated damages, an amount up to, but not exceeding, 30% of any Reserve Account funds at the time of termination of the Agreement. Additionally, Company shall be entitled to Liquidated Damages, as provided in this Paragraph, upon ▇▇▇▇▇▇▇▇’s termination for cause for any of the following reasons: i. Merchant has violated any provision of this Agreement or Company is otherwise entitled to terminate this Agreement pursuant to any provision of this Agreement; ii. any information which Merchant provided to Company, including in the Merchant Application, was false, incomplete or misleading when received; iii. at any time during the Term, ▇▇▇▇▇▇▇▇ has had a monthly ratio in any single month of Chargebacks to total Transactions exceeding Card Network requirements or one percent (1%), or Chargebacks exceed three percent (3%) of any monthly dollar amount of total Transactions; v5.