Revoked Authorization Sample Clauses
The Revoked Authorization clause defines the conditions under which a previously granted permission or authority is withdrawn. In practice, this clause specifies the actions or behaviors that can trigger revocation, such as breach of contract, non-compliance with terms, or at the discretion of the authorizing party. Its core function is to provide a clear mechanism for terminating rights or access, thereby protecting the interests of the party granting authorization and ensuring that permissions are not abused or extended beyond their intended scope.
Revoked Authorization. Merchant shall cease initiating Transactions to a Receiver’s account immediately upon receipt of any actual or constructive notice of that Receiver's termination or revocation of authority. Merchant may re-initiate Transactions to a Receiver’s account only upon receiving new authorization from Receiver.
Revoked Authorization. AGENCY shall cease initiating Transactions to or from a Constituent’s account immediately upon receipt of any actual or constructive notice of a Constituent's termination or revocation of authorization. AGENCY may re-initiate Transactions to or from a Constituent’s account only upon receiving new Authorization from Constituent.