Common use of Threatening Condition Clause in Contracts

Threatening Condition. In the event that ▇▇▇▇▇▇▇▇▇.▇▇▇ reasonably believes that Customer is in violation of its obligations hereunder, including, without limitation, selling products or services that violate law or regulation, or that Customer’s conduct poses a threat to ▇▇▇▇▇▇▇▇▇.▇▇▇’s systems, equipment, processes, or Intellectual Property (the “Threatening Condition”) ▇▇▇▇▇▇▇▇▇.▇▇▇ may immediately suspend Customer’s Account(s). In any event, ▇▇▇▇▇▇▇▇▇.▇▇▇ may terminate this Agreement if the Threatening Condition remains uncured more than thirty (30) calendar days after Customer is notified of the Threatening Condition.

Appears in 3 contracts

Sources: Payment Gateway Merchant Services Agreement, Merchant Services Agreement, Payment Gateway Merchant Services Agreement