Common use of Terminated Merchant File Clause in Contracts

Terminated Merchant File. You acknowledge that Bank is required to report your business name and the name of Merchant’s principals to Visa, MasterCard and Discover when Merchant is terminated due to the reasons listed in the Rules.

Terminated Merchant File. You acknowledge that Bank is required to report your business name and the name of Merchant’s 's principals to Visa, MasterCard and Discover when Network if Merchant is terminated due to the any adverse reasons listed in the Rules.