Common use of Suspension of Exchanging Files Clause in Contracts

Suspension of Exchanging Files. Either we or you may request to suspend the exchanging of ICL Files with at least twenty-four (24) hours written notice to the other party if continued exchange of files is not or will not be commercially viable and therefore subject to suspension; such notice shall provide in reasonable detail the reasons that the exchange of files is commercially unviable. Upon receipt of such notice and request, the other party shall consent if based on the request it can reasonably be expected that continued exchange of files would have material adverse impact on check processing. Any consent or objection to the suspension must be made in writing as promptly as possible. Notwithstanding, the non-requesting party shall have until the end of the 24-hour period to propose a remedy to the stated problem, and the requesting party will give due consideration to the solution and consent or object to implementation of such solution, consent not to be unreasonably withheld. The parties agree to use commercial best efforts to resolve any problem and end any suspension of the exchange of image files as promptly as possible. The parties shall process paper checks until image exchange is resumed in this section. The parties shall give 24 hour notice of the intention to resume image exchange processes, which period shall exclude weekends and holidays. In addition to the foregoing, each party may terminate the Service as provided in the Termination section, below.