Merchant Operating Account. Prior to accepting any Cards, Merchant shall establish a demand deposit account at Bank, or at a financial institution approved by Bank (the “Operating Account”), through which fees, charges and credits due to Merchant in accordance with this Agreement may be processed. Merchant authorizes Bank to debit all amounts Merchant owes Bank hereunder or any other agreement entered into between Merchant and Bank from the Operating Account, whether maintained at Bank or another financial institution, at times deemed appropriate by Bank, through the ACH Banking Network or by a manual debit of the Operating Account. Merchant waives any and all claims for loss or damage arising out of any such charges or debits to the Operating Account.
Merchant Operating Account. Prior to accepting any Cards, Merchant shall establish a demand deposit account at Bank, or at a financial institution approved by Bank (“Operating Account”), through which fees, charges and credits due in accordance with this Agreement may be processed. Merchant authorizes Bank to debit all amounts Merchant owes Bank or SIGNATURE hereunder from the Operating Account, whether maintained at Bank or another financial institution, at times deemed appropriate by Bank, through the ACH Banking Network or by a manual debit of the Operating Account. Merchant waives any claims for loss or damage arising out of any such charges or debits to the Operating Account against any other financial institution where the Operating Account is maintained.
Merchant Operating Account. Prior to accepting any Cards, Merchant shall establish a demand deposit account at Bank, or at a financial institution approved by Bank (Operating Account), through which fees, charges and credits due in accordance with this Agreement may be processed. Merchant hereby authorizes Bank or PNX to debit all amounts Merchant owes Bank or PNX hereunder from the Operating Account, whether maintained at Bank or another financial institution, at times deemed appropriate by Bank, through Automated Clearing House (ACH) entries or by a manual debit of the Operating Account. Merchant waives any claims for loss or damage arising out of any such charges or debits to the Operating Account against any other financial institution where the Operating Account is maintained. Xxxxxxxx agrees to notify Bank and PNX if the Operating Account is not funded, or if there are any changes to the Operating Account or the location where it is held.
Merchant Operating Account. Prior to accepting any Cards, Merchant shall establish a demand deposit account at Bank, or at a financial institution approved by Bank (Operating Account), through which fees, charges and credits due in accordance with this Agreement may be processed. Merchant hereby authorizes Bank or EVERYWARE to debit all amounts Merchant owes Bank or EVERYWARE hereunder from the Operating Account, whether maintained at Bank or another financial institution, at times deemed appropriate by Bank, through Automated Clearing House (ACH) entries or by a manual debit of the Operating Account. Merchant waives any claims for loss or damage arising out of any such charges or debits to the Operating Account against any other financial institution where the Operating Account is maintained. Xxxxxxxx agrees to notify Bank and EVERYWARE if the Operating Account is not funded, or if there are any changes to the Operating Account or the location where it is held.
Merchant Operating Account. The Merchant shall maintain with the provider of the Merchant Operating Account a direct debit mandate to authorise Pixxles to Bacs Direct Debit from the Merchant Operating Account all amounts due from the Merchant to Pixxles under this Agreement. The Merchant Operating Account must remain available for debiting such amounts for at least eighteen (18) months after the last Card transaction was processed and an appropriate Direct Debit Instruction must remain in place for that period. The Merchant hereby authorises Pixxles to collect all amounts due from the Merchant under this Agreement, including any costs and expenses incurred in connection with the collection of these amounts, directly from the Merchant Operating Account, whether under the direct debit mandate or otherwise, or as otherwise provided in this Agreement. Merchant agrees that Pixxles shall, only if practicable, notify the Merchant in advance of any sums payable by the Merchant to Pixxles which Pixxles intends to debit by direct debit. The Merchant must ensure that (a) the financial institution specified in the direct debit mandate accepts and acts upon direct debits for the Merchant Operating Account and (b) the account details specified in the direct debit mandate are correct. Merchant agrees to maintain sufficient funds in the Merchant Operating Account to satisfy all such direct debits for payment. The modifications to which Merchant has agreed in this Clause shall not prejudice Merchant’s rights under Applicable Law or the UK Direct Debit Guarantee Scheme to recover payments made by direct debit. Without limiting Pixxles’ remedies, Merchant’s failure to maintain a Merchant Operating Account in accordance with this Clause, including the failure or return of any direct debit due to insufficient funds or an indemnity claim, will permit Pixxles, without advance notice, to suspend processing Card transactions and Refunds and shall be a material breach and good cause for termination of this Agreement by Pixxles.
Merchant Operating Account. Prior to accepting any Cards, the Merchant shall establish a demand deposit account at Bank (“Operating Account”), through which fees, charges, and credits due in accordance with this Agreement may be processed. Merchant authorizes Bank to debit all amounts Merchant owes Bank hereunder from the Operating Account at times deemed appropriate by Bank, through the ACH Banking Network, or by a manual debit of the Operating Account. Merchant shall assure that the Operating Account has sufficient available funds to timely honor any amounts payable to Bank hereunder. Without limiting the generality of the foregoing, in the event of a lack of enough funds in the Operating Account to honor a payment owed to Bank, Merchant authorizes the Bank to debit any amounts owed to the Bank hereunder from any other deposit account of the Merchant with Bank (“Other Deposit Accounts”). Merchant waives any claims for loss or damage arising out of any such charges or debits to the Operating Account and to the Other Deposit Accounts. The Merchant may not close or change the Operating Account without prior written approval from Bank, which may be withheld for any reason. Merchant will be solely liable for all fees and costs associated with the Operating Account and for all overdrafts.
Merchant Operating Account. Prior to accepting any Cards, Merchant shall indicate a BB&T demand deposit account (“Operating Account”) through which fees, charges and credits due in accordance with this Agreement will be processed. The Operating Account shall be an existing account with Bank. Merchant will not be required to open a separate account. Xxxxxxxx will maintain the Operating Account in good standing and with sufficient funds to accommodate all Transactions contemplated by the Agreement and all chargebacks, returns, adjustments, fees, fines, penalties, and other payments due under this Agreement. Bank will consider Xxxxxxxx’s failure to maintain the Operating Account in good standing as Xxxxxxxx’s notice of intent to close the Merchant Account. The Merchant will not be required to open a Reserve Account. If Xxxxxxxx fails to remit payment when due, Merchant authorizes Bank to debit all amounts Merchant owes Bank hereunder from the Operating Account, or deposit account at other financial institutions at times deemed appropriate by Bank through the ACH Banking Network, by a manual debit of such account or otherwise. Merchant waives any claim for loss or damage arising out of any appropriate charges or debits to such accounts. For any losses that Bank incurs, including any related expenses which may result from any claims, disputes or billing errors asserted by any Cardholder, Merchant grants to Bank and to its Affiliates the right to apply or set off against the Operating Account at any time and without advance notice to Merchant. Bank may do so by directing its affiliate to transfer funds.
Merchant Operating Account. The Merchant shall maintain with the provider of the Merchant Operating Account a direct debit mandate to authorise Pixxles to Bacs Direct Debit from the Merchant Operating Account all amounts due from the Merchant to Pixxles under this Agreement. The Merchant Op e r a t i n g Account must remain available for debiting such amounts for at least eighteen (18) months after the last Card transaction was processed and an appropriate Direct Debit Instruction must remain in place for that period. The Merchant hereby authorises Pixxles to collect all amounts due from the Merchant under this Agreement, including any costs and expenses incurred in connection with the collection of these amounts, directly from the Merchant Operating Account, whether under the direct debit mandate or otherwise, or as otherwise provided in this Agreement. Merchant agrees that Pixxles shall, only if practicable, notify the Merchant in advance of any sum’s payable by the Merchant to Pixxles which Pixxles intends to debit by direct debit. The Merchant must ensure that (a) the financial institution specified in the direct debit mandate accepts and acts upon direct debits for the Merchant Operating Account and (b) the account details specified in the direct debit mandate are correct. Merchant agrees to maintain sufficient funds in the Merchant Operating Account to satisfy all such direct debits for payment. The modifications to which Merchant has agreed in this Clause shall not prejudice Merchant’s rights under Applicable Law or the UK Direct Debit Guarantee Scheme to recover payments made by direct debit. Without limiting Pixxles’ remedies, Merchant’s failure to maintain a Merchant Operating Account in accordance with this Clause, including the failure or return of any direct debit due to insufficient funds or an indemnity claim, will permit Pixxles, without advance notice, to suspend processing Card transactions and Refunds and shall be a material breach and good cause for termination of this Agreement by Pixxles.
Merchant Operating Account. Prior to accepting any Cards, Merchant shall establish a demand deposit account at Bank, or at a financial institution designated by Merchant ("Operating Account"), through which fees, charges and credits due in accordance with this Agreement may be processed. If Merchant fails to remit payment when due, Merchant authorizes Bank or Certegy to debit all amounts Merchant owes Bank, Certegy or EPX hereunder from the Operating Account, whether maintained at Bank or another financial institution, at times deemed appropriate by Bank or Certegy through the ACH Banking Network or by a manual debit of the account. Merchant waives any claims for loss or damage arising out of any charges or debits to the Operating Account against any other financial institution where the Operating Account is maintained.
