Common use of Protective Actions Clause in Contracts

Protective Actions. You acknowledge that your entry into this Agreement provides a direct financial benefit to you and your Affiliates. Accordingly, we shall be entitled to take reasonable actions which we consider necessary if there is a risk that you will be unable or unwilling to perform your contractual obligations to us under this Agreement or any Other Agreement. In particular, we shall be entitled to: (a) change the speed or method of payment for Charges, (b) change your Merchant Fee or payment plan, (c) exercise Full Recourse, (d) suspend or stop any payments to you, (e) change the Floor Limit (if applicable), (f) introduce additional Authorization procedures, (g) charge you fees for Disputed Charges, or (h) create a Reserve.

Appears in 2 contracts

Sources: Terms and Conditions for American Express Card Acceptance, Terms and Conditions for American Express Card Acceptance