Common use of Reason to Terminate Clause in Contracts

Reason to Terminate. Service Provider may terminate this Agreement immediately without prior notice if (i) Service Provider reasonably believes that fraudulent Transactions or other activity prohibited by this Agreement is occurring at any Merchant location; (ii) Service Provider is required to take action to prevent loss to Bank or Card Issuers, (iii) in the event of any significant circumstances that do or could create harm or loss of goodwill to any Payment Networks; (iv) Merchant appears on any Payment Network’s security or termination reporting, or (v) Merchant Acceptance Criteria of Service Provider or laws in respect to ▇▇▇▇▇▇▇▇’s business changes.