Common use of Threatening Condition Clause in Contracts

Threatening Condition. In the event that GSPAYTECH reasonably believes that Customer is in violation of its obligations hereunder, including, without limitation, selling products or services that violate law or regulation, or that Customer’s conduct poses a threat to GSPAYTECH’s systems, equipment, processes, or Intellectual Property (the “Threatening Condition”) GSPAYTECH may immediately suspend Customer’s Account(s). In any event, GSPAYTECH may terminate this Agreement if the Threatening Condition remains uncured more than thirty (30) calendar days after Customer is notified of the Threatening Condition.