Examples of Merchant Agreement in a sentence
In consideration of the Services, the merchant agrees to pay Paynovate: (i) the fees set forth in the Order Form, including an early termination fee if applicable; and (ii) additional fees charged to the merchant to cover reasonable additional costs that Paynovate may incur from time to time in connection with the Merchant Agreement.
Without prejudice to any other rights available to the Parties under applicable law or the Merchant Agreement, and unless otherwise provided in the Purchase Order, the Merchant Agreement may be terminated by either Party in one of the following ways, depending on the circumstances: ● by notice to the other Party sent by registered mail or delivered by a reputable carrier, at least two (2) months in advance, with early termination charges, if any, applicable.
In the event that Paynovate is prevented or delayed, in whole or in part, from fulfilling any of its obligations under the Merchant Agreement due to Force Majeure, Paynovate's obligations under the Merchant Agreement shall be suspended for as long as the Force Majeure continues and the duration of Paynovate's inability or delay to perform such obligations.
If such Force Majeure continues for more than fifteen (15) Calendar Days, the Parties agree to negotiate in good faith to agree upon alternative contractual terms to restore as much as possible the original balance of the Merchant Agreement.
Paynovate may, in its sole discretion, modify the fees set forth in the Merchant Agreement from time to time, including by providing any escalation thereof.