Resignation of Bank. The Bank may resign at any time upon giving 90 Days’ prior written notice of such resignation to ArbiterPay. Such resignation will take effect upon the appointment of a successor pursuant to section 28 below, whereupon all powers, rights and obligations of the resigning Bank under this Agreement shall cease and terminate.
Appears in 2 contracts
Samples: User Agreement for Arbiterpay Payors, User Agreement for Arbiterpay Payors
Resignation of Bank. The Bank may resign at any time upon giving 90 Days’ prior written notice of such resignation to ArbiterPay. Such resignation will take effect upon the appointment of a successor pursuant to section 28 belowby ArbiterPay, whereupon all powers, rights and obligations of the resigning Bank under this Agreement shall cease and terminate.
Appears in 1 contract
Samples: User Agreement for Arbiterpay Users
Resignation of Bank. The Bank may resign at any time upon giving 90 Days’ prior written notice of such resignation to ArbiterPayRefPay. Such resignation will take effect upon the appointment of a successor pursuant to section 28 belowsuccessor, whereupon all powers, rights and obligations of the resigning Bank under this Agreement shall cease and terminate.
Appears in 1 contract
Samples: User Agreement for Refpay Users
