Examples of Retention Notice in a sentence

Where Worldline has issued a Retention Notice, to secure its obligations under this Agreement and for valuable consideration, the Merchant grants an irrevocable power of attorney to Worldline to direct the relevant financial institution who holds the Merchant Account to debit the Retention Amount (or any part thereof) from the Merchant Account immediately on notice from Worldline.
If a Retention Notice is given to the Merchant and a Retention Account has not previously been established in relation to the Merchant, Worldline will establish a Retention Account in relation to the Merchant.
Worldline may, at any time, give the Merchant a Retention Notice where, in the reasonable opinion of Worldline, the Merchant’s business gives rise to a significant risk of financial loss to Worldline, the Merchant and/or Cardholders.

More Definitions of Retention Notice

Retention Notice means a written notice from Worldline to

Retention Notice has the meaning ascribed to such term in the definition of Retained Vehicles.

Retention Notice means a notice issued under clause 70(1)(e) and in accordance with the procedure set out in clause 71. A retention notice requires an object or thing not to be moved or interfered with. The object must be evidence of improper conduct and it is anticipated such a notice might be used with objects or things that cannot easily be seized, or there are other reasons to leave the object in situ for the time being and a retention notice may be sufficient to deter interference with the evidence;

Retention Notice means a written notice from Worldline to the Merchant notifying the Merchant that Worldline proposesto establish a Retention Account, or if a Retention Account has already been set up in relation to the Merchant, that Worldline requires the Retention Amount to be increased.

Retention Notice shall have the meaning assigned to it in Section 10.9.

Retention Notice is defined in clause 6.2.