Common use of Change of Terms and Conditions Clause in Contracts

Change of Terms and Conditions. This Agreement is subject to change from time to time. Unless otherwise agreed, changes may be made by notice from Paysafe to the Merchant under the following procedure: 10.1 Paysafe shall give the Merchant notice of any proposed change to this Agreement (a “Change Notice”). 10.2 A Change Notice may be given by email to any of the emails registered with the Merchant Account or letter to the current or last known trading address of the Merchant or the Merchant’s registered office if so required by law. 10.3 The proposed change shall come into effect automatically thirty (30) days after the date of receipt of the Change Notice, unless the Merchant gives written notice to Paysafe that it objects to the proposed changes (“Objection Notice”). 10.4 Paysafe may stipulate in a Change Notice a different time period for the coming into effect of any change due to a Regulatory Requirement. 10.5 If no Objection Notice is received by Paysafe within the stipulated time frame, the Merchant is deemed to have accepted the change. 10.6 The Merchant has the right to terminate this Agreement with immediate effect at any time and without charge after receiving a Change Notice and before any change stipulated in the Change Notice becomes effective. 10.7 Unless the parties agree otherwise and subject to clause 10.6, a Merchant’s Objection Notice shall be deemed to constitute a notice to terminate this Agreement with the termination effective immediately before the date on which the proposed change would otherwise come into effect under clause 10.3.

Appears in 2 contracts

Sources: Merchant Terms and Conditions, Merchant Terms and Conditions

Change of Terms and Conditions. This Agreement is subject to change from time to time. Unless otherwise agreed, changes Changes may be made by mutual agreement between the parties, or by notice from Paysafe Moneybookers to the Merchant under the following procedure: 10.1 Paysafe 10.1. Moneybookers shall give the Merchant notice of any proposed change to this Agreement (a "Change Notice"). 10.2 10.2. A Change Notice notice may be given by email to any of the emails registered with the Merchant Account or letter to the current or last known trading address of the Merchant or the Merchant’s 's registered office if so required or by lawemail to any of the emails registered with the Merchant Account. 10.3 10.3. The proposed change shall come into effect automatically thirty (30) days two weeks after the date of receipt of the Change Notice, unless the Merchant gives written notice to Paysafe Moneybookers that it objects to the proposed changes (“Objection Notice”).changes; 10.4 Paysafe 10.4. Moneybookers may stipulate in a Change Notice a different time period for the coming into effect of any change due to a Regulatory Requirementprovided that such time period may not be less than two weeks. 10.5 10.5. If no Objection Notice objection notice is received by Paysafe Moneybookers within the stipulated time frame, the Merchant is deemed to have accepted the change. 10.6 10.6. The Merchant has the right to terminate this Agreement with immediate effect at any time and without charge after receiving a Change Notice and before any the change stipulated in the Change Notice becomes effective. 10.7 10.7. Unless the parties agree otherwise and subject to clause 10.6otherwise, a Merchant’s ▇▇▇▇▇▇▇▇'s Objection Notice shall be deemed to constitute a notice to terminate this Agreement with effective on the termination effective date immediately before the date on which the proposed change would otherwise come into effect under clause 10.3.

Appears in 1 contract

Sources: Merchant Services Agreement