Common use of Transaction Limits Clause in Contracts

Transaction Limits. 13.1 In the event that providing the Services to Member results in unacceptable credit exposure or other risk to Navigant or will cause Navigant to violate any law, regulation, rule or order to which it is subject, Navigant may, in Navigant’s sole and exclusive discretion, without prior notice, limit Member’s transaction volume or dollar amount and refuse to execute transactions that exceed any such limit, or Navigant may terminate any Service then being provided to Member. 13.2 Member shall, upon request by Navigant from time to time, provide Navigant with such financial information and statements and such other documentation as Navigant reasonably determines to be necessary or appropriate showing Member’s financial condition, assets, liabilities, stockholder’s equity, current income and surplus, and such other information regarding the financial condition of Member as Navigant may reasonably request to enable Navigant to evaluate its exposure or risk. Any limits established by Navigant hereunder shall be made in Navigant’s sole discretion and shall be communicated promptly to Member.

Transaction Limits. 13.1 In the event that providing the Services to Member results in unacceptable credit exposure or other risk to Navigant or will cause Navigant to violate any law, regulation, rule or order to which it is subject, Navigant may, in Navigant’s sole and exclusive discretion, without prior notice, limit Member’s transaction volume or dollar amount and refuse to execute transactions that exceed any such limit, or Navigant may terminate any Service then being provided to Member. 13.2 Member shall, upon request by Navigant ▇▇▇▇▇▇▇▇ from time to time, provide Navigant with such financial information and statements and such other documentation as Navigant reasonably determines to be necessary or appropriate showing Member’s financial condition, assets, liabilities, stockholder’s equity, current income and surplus, and such other information regarding the financial condition of Member as Navigant may reasonably request to enable Navigant to evaluate its exposure or risk. Any limits established by Navigant hereunder shall be made in Navigant’s sole discretion and shall be communicated promptly to Member.