Common use of Chase Paymentech Termination Clause in Contracts

Chase Paymentech Termination. Chase Paymentech may terminate this Agreement at any time by giving thirty (30) days’ prior notice to Merchant. Furthermore, Chase Paymentech may terminate this Agreement immediately if: (a) Merchant is determined to have excessive Chargebacks; (b) Chase Paymentech determines, in its reasonable discretion, that ▇▇▇▇▇▇▇▇’s Transactions present increased or excessive Anticipated Risks; (c) any representation or warranty in the Agreement, including the Application or Schedule A, is determined to be incorrect in any respect when made or deemed to be made; (d) Merchant fails to comply with any term, covenant, condition, or agreement contained in this Agreement; (e) a case or other proceeding is commenced by or against Merchant in any court of competent jurisdiction seeking relief under the Bankruptcy Code or under any other laws, domestic or foreign, relating to bankruptcy, insolvency, reorganization, winding up, or adjustment of debts, the appointment of a trustee, receiver, custodian, liquidator, or the like of Merchant, or of all or any substantial part of the assets, domestic or foreign, of Merchant, and such case or proceeding continues undismissed or unstayed for a period of 60 consecutive days, or an order granting the relief requested in such case or proceeding against Merchant (including, without limitation, an order for relief under the Bankruptcy Code) is entered; (f) Chase Paymentech, in its reasonable discretion, deems Merchant to be financially insecure; (g) any Payment Brand: i. notifies Chase Paymentech or Member that it is no longer willing to accept ▇▇▇▇▇▇▇▇’s Transaction Data; or ii. requires Chase Paymentech or Member to terminate or limit this Agreement or Merchant’s ability to accept Payment Cards from Customers; (h) Merchant or any person owning or controlling Merchant’s business is listed in one or more databases of terminated or high risk merchants maintained by the Payment Brands; or (i) Merchant engages in conduct that i. creates or could tend to create harm or loss to the goodwill of any Payment Brand, Chase Paymentech, or Member; or

Chase Paymentech Termination. Chase Paymentech may terminate this Agreement at any time by giving thirty (30) days’ prior notice to Merchant. Furthermore, Chase Paymentech may terminate this Agreement immediately if: (a) Merchant is determined to have excessive Chargebacks; (b) Chase Paymentech determines, in its reasonable discretion, that ▇▇▇▇▇▇▇▇Merchant’s Transactions present increased or excessive Anticipated Risksanticipated risks; (c) any representation or warranty in the Agreement, including the Application or Schedule A, Agreement is determined to be incorrect in any respect when made or deemed to be made; (d) Merchant fails to comply with any term, covenant, condition, or agreement contained in this Agreement; (e) a case or other proceeding is commenced by or against Merchant in any court of competent jurisdiction seeking relief under the Bankruptcy Code and Insolvency Act or under any other laws, domestic or foreign, relating to bankruptcy, insolvency, reorganization, winding up, or adjustment of debts, the appointment of a trustee, receiver, custodian, liquidator, or the like of Merchant, or of all or any substantial part of the assets, domestic or foreign, of Merchant, and such case or proceeding continues undismissed or unstayed for a period of 60 consecutive days, or an order granting the relief requested in such case or proceeding against Merchant (including, without limitation, an order for relief under the Bankruptcy Codeand Insolvency Act) is entered; (f) Chase Paymentech, in its reasonable discretion, deems Merchant to be financially insecure; (g) any Payment Card Brand: i. notifies Chase Paymentech or Member that it is no longer willing to accept ▇▇▇▇▇▇▇▇Merchant’s Transaction DataTransactions; or ii. requires Chase Paymentech or Member to terminate or limit this Agreement or Merchant’s ability to accept Payment Cards from CustomersAgreement; (hg) Merchant or any person owning or controlling Merchant’s business is listed in one or more databases of terminated or high risk merchants maintained by the Payment Card Brands; or (ih) Merchant engages in conduct that i. creates or could tend to create harm or loss to the goodwill of any Payment Card Brand, Chase Paymentech, or Member; or.