Common use of RCK Reserve Clause in Contracts

RCK Reserve. In addition to and not in limitation of any other rights under this Agreement, PROCESSOR reserves the right to establish (without notice to CUSTOMER) and CUSTOMER agrees to fund a non‐interest bearing RCK Chargeback Reserve Account (which may be co‐mingled with any other Chargeback Reserve Account of CUSTOMER), or to demand other security and/or to raise any transaction fee hereunder, upon PROCESSOR’s reasonable determination of the occurrence of the following: