Provisions Applicable to All Accounts Sample Clauses

Provisions Applicable to All Accounts. This Agreement and you authorize us to initiate and make deposits and withdrawals from any account which may be electronically transmitted or through an ACH or to delay or place holds on any amounts in such accounts in order to protect any of our rights and to obtain payment of any amount due us under this Agreement, including fees, charges and discounts without any further notice or demand. You will confirm to any institution holding any account the existence of this authorization and direct them to comply with our directions and you will not change any such confirmation or direction without our prior written consent. Any such confirmation, direction or authorization will remain in effect for at least 180 days after termination of this Agreement, or in our discretion, longer. We may, without notice, delay or stop making payments to you, set off, retain or otherwise hold (or direct your financial institution to place a hold) on any funds to protect ourselves against losses. Chargebacks, any amounts due or to become due under this Agreement, or based on your financial condition or in the event you submit transactions which are not authorized, do not conform to this Agreement, the Operating Manual, the Operating Regulations or applicable law including transactions subject to verification by any Card Association or cardholder. You agree that Bank will not be liable for any losses either direct or indirect due to holding of funds, suspension of processing, termination of this Agreement or any dishonor or any item as a result of these actions. You agree to promptly notify us of any discrepancy within 10 days of receipt of any statement regarding your accounts. Any account is subject to review, verification, acceptance and audit by Bank. Bank may return items to you for correction. YOU GRANT BANK A LIEN AND SECURITY INTEREST IN THE SETTLEMENT ACCOUNT, THE RESERVE ACCOUNT, ALL ITEMS (INCLUDING FUTURE ITEMS), ANY RIGHTS TO RECEIVE CREDITS OR PAYMENTS UNDER THIS AGREEMENT AND ALL DEPOSITS AND OTHER PROPERTY OF YOURS THAT BANK OR ITS AFFILIATES MAINTAIN (INCLUDING THE PROCEEDS THEREOF), AND YOU WILL EXECUTE, DELIVER ANY PAY THE FEES FOR ANY DOCUMENTS WE REQUEST TO CREATE, PERFECT, MAINTAIN AND ENFORCE THIS SECURITY INTEREST. TO THE EXTENT PERMITTED BY LAW, YOU IRREVOCABLY AUTHORIZE BANK TO EXECUTE ANY FINANCING STATEMENTS OR OTHER DOCUMENTS NECESSARY RELATED TO THIS SECURITY INTEREST. Merchant represents and warrants that no other person or entity has a security int...