Common use of Settlement Account Closure Clause in Contracts

Settlement Account Closure. If the Settlement Account is closed, Bank or its designated representative may terminate the Merchant Agreement, effective immediately, upon written or oral notice (with written confirmation in the event of oral notice) unless Merchant opens another Settlement Account acceptable to Bank. Merchant may change the Settlement Account upon prior written approval by Bank, which approval will not be unreasonably withheld.

Settlement Account Closure. If the Settlement Account is closed, Merchant Bank or its designated representative may terminate the this Merchant Agreement, effective immediately, upon written or oral notice (with written confirmation in the event of oral notice) unless Merchant opens another Settlement Account acceptable to Bank. Merchant may change the Settlement Account upon prior written approval by Bank, which approval will not be unreasonably withheld.

Settlement Account Closure. If the Settlement Account is closed, Bank Processor or its designated representative may terminate the Merchant Agreement, effective immediately, upon written or oral notice (with written confirmation in the event of oral notice) unless Merchant opens another Settlement Account acceptable to BankProcessor. Merchant may change the Settlement Account upon prior written approval by BankProcessor, which approval will not be unreasonably withheld.

Settlement Account Closure. If the Settlement Account is closed, Bank or its designated representative may terminate the Merchant this Agreement, effective immediately, upon written or oral notice (with written confirmation in the event of oral notice) unless Merchant opens another Settlement Account acceptable to Bank. Merchant may change the Settlement Account upon prior written approval by Bank, which approval will not be unreasonably withheld.

Settlement Account Closure. If the Settlement Account is closed, Bank or its designated representative may terminate the this Merchant Agreement, effective immediately, upon written or oral notice (with written confirmation in the event of oral notice) unless Merchant opens another Settlement Account acceptable to Bank. Merchant may change the Settlement Account upon prior written approval by Bank, which approval will not be unreasonably withheld.