DocuSign Envelope ID: 85A15EAD-F9AE-4B80-8EE6-FBACB34C4780
<br />Merchant from Processor or Member Bank and any of Merchant's properly held by Processor
<br />or Member Bank. Processor and Member Bank may enforce these security interests without
<br />notice or demand. The security interests granted under [Iris Merchant Agreement will
<br />continue after the Merchant Agreement terminates, until Merchant satisfies all its obligations
<br />to Processor and Member Bank.
<br />(b) Furthermore, and with respect to any security interests granted herein,
<br />Processor and Member Bank will have all rights afforded Linder the Uniform Commercial
<br />Code, is the same may, tram time to time, be in effect in the State of Georgia; provided,
<br />however, in the event that, by reason of mandatory provisions of law, any or all of the
<br />attachment, perfection or priority of the security interests granted herein is governed by the
<br />Uniform Commercial Code as in effect in ajurisdiction other than the State of Georgia, n the
<br />Processor and Member Batik will have all rights afforded under the Uniform Commercial
<br />Code as in effect from time to time in such other jurisdiction for purposes of the provisions
<br />relating to such attachment, perfection or priority of the security interests, as well as any
<br />other applicable low.
<br />.... 14.2 Perfection of Security Interest. Upon request or Processor, Merchant will
<br />execute one or more financing statements or other documents to evidence the security
<br />interests granted to Processor and Member Bank under this Section 14. Merchant shall
<br />cooperate with Processor in obtaining any control agreement or similar agreement with a
<br />depository bank necessary to perfect the security interests granted herein. In addition,
<br />Merchant agrees that its signature on the Merchant Application will be considered
<br />Merchant's signature agreeing to any control agreement m defined in Article 9 of the
<br />Uuition Commercial Code among Merchant, Processor, Member Bank and any other
<br />financial institution under which Processor, Member Bank, Merchant and any other financial
<br />insulation agree to the disposition of fiords in the Settlement Account, the Reserve Account
<br />or any other deposit account without further consent by Merchant.
<br />15. CUSTOMER CLAIMS. To (he extent that Processor or Member Bank has paid or may
<br />become liable for a Chargeback or Credit Transaction Receipt, Merchant will be obligated
<br />to reimburse Processor and Member Bank for any sums Processor or Member Bank pays or
<br />for which Processor or Member Bank is liable. If Merchant does not reimburse Processor or
<br />Member Bank, Processor and Member Bank will have all of the rights and remedies of
<br />Cardholders, including the Cardholders' rights under 11 U.S.C. §507(a)(6). Processor and
<br />Member Batik may assert any claim on behalfofa Cardholder individually or on behalf' of
<br />all Cardholders as a class.
<br />16. PROCESSING FEES.
<br />16.1 Fee Schedule. Merchant will pay Processing Fees in the amount specified in the
<br />Fee Schedule attached to the Merchant Application or as otherwise provided for in this
<br />Merchant Agreement or an Addendum thereto. Monthly recurring Processing Pees will be
<br />assessed upon approval of the Merchant Application. Processor may amend, supplement,
<br />modify, or increase the Processing Fees, including, without limitation, introducing new
<br />products or services, pursuant to Section 10.1 of this Merchant Agreement.
<br />16.2 Card Association Actions. Processor will not be required to provide Merchant
<br />with fiReen days' notice of an increase in Processing Fees in the event that any Card
<br />Association, or any other entity having such authority takes any action that increases the
<br />Processing Pees.
<br />16.3 Government and Regulatory Actions. Processor will not be required to provide
<br />Merchant with fifteen days' notice for any increase in Processing Fees resulting from any
<br />fine, charge, fee or cost incurred in connection with may state, federal or other regulatory
<br />action, change in laws or regulations or escheatment of Merchant's funds. -
<br />16.4 Payment. Processing Fees and other service charges, obligations or liabilities
<br />- owed by Merchant to Processor or Member Bank under the Merchant Agreement may be
<br />deducted by Processor or Member Bank from amounts due Merchant, or from the Settlement
<br />Account or from the Reserve Account. Merchant will pay the amounts due by the next
<br />Business Day if sufficient funds arc not available in the Settlement Account.
<br />11. INDEMNIFICAT[ON: LIMITATION OF LIABILITY; WARRANTY.
<br />17.1 Indemnification. Merchant shall indemnify each of Processor and Member Bank,
<br />including their respective officers, directors, employees, independent sales organizations
<br />("ISOs'), and agents, against and hold them harmless from any and all claims, demands,
<br />settlements, lasses, damages, liabilities, costs and expenses of any hind (including reasonable
<br />attorney's fees) ofany party arising from or based upon may actual m alleged actor omission
<br />of Merchant, Merchant's employees, Merchant's designated representatives or agents,
<br />Merchant Servicers or Merchant's Agent(s) in connection with or arising out of this
<br />Merchant Agreement, the duties to be performed by Merchant pursuant to the Merchant
<br />Agreement, any Transactions which Merchant submits to Processor (including
<br />Chargebacks), or Merchant's actual or alleged violation of the Operating Rules or any
<br />Requirements of Law. In (lie event that Processor or Member Bank is made a party to any
<br />litigation, proceeding, arbitration, bankruptcy proceeding, or other legal process (collectively
<br />"Actions") commenced by any third party, Merchant shall protect and hold each of Processor
<br />and Member Bank harmless from and with respect to the Actions and shall indemnify such
<br />party from and against all costs, expenses, and attorney's Ices, including in-house legal fees,
<br />incurred or paid in connection with the Action, together with any judgments, settlements,
<br />losses, damages or other liabilities. Merchant shall indemnify, defend, and hold harmless
<br />each of Processor and Member Bank from and against any actual or alleged hacking,
<br />infiltration, or compromise of Merchant's systems or the systems of Merchant, Merchant
<br />Servicers or Merchant's Agent(s), designated representatives, or other agents.
<br />17.2 Limitation of Liability. Each of Processor and Member Bank will not accept
<br />responsibility for errors, acts, ;or failure to act by others, including but not limited to,
<br />Merchant Servicers, Agents, third party suppliers of software, equipment or services; or,
<br />banks, communication common carriers, data processors or clearinghouses through which
<br />transactions may be passed, originated mid/or authorized Each of Processor and Member
<br />Bank will not be responsible for any loss, liability or delay caused by fires, earthquakes, war,
<br />civil disturbances, power surges or failures, acts of governments, acts of terrorism, labor
<br />disputes, failures in communication networks, legal constraints or other events beyond the
<br />control of Bank. Each of Processor and Member Bank undertakes no duties to Merchant
<br />other than the duties expressly provided for in the Merchant Agreement, and any and all
<br />other or additional duties that may be imposed upon Processor or Member Bank in law or
<br />equity are hereby irrevocably waived and released to the maximum extent permitted by law.
<br />IN ANY EVENT, TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE
<br />LAW, THE CUMULATIVE LIABILITY OF EACH OF PROCESSOR AND
<br />MEMBER BANK, AS WELL AS THEIR RESPECTIVE OFFICERS, DIRECTORS,
<br />EMPLOYEES, AND AGENTS, TO MERCHANT, WHETHER ARISING IN
<br />CONTRACT, TORT (INCLUDING, WITHOUT LIMITATION, NEGLIGENCE
<br />AND STRICT LIABILITY) OR OTHERWISE, SHALL NOT EXCEED THE
<br />LESSER OF $10,000 OR, THE AMOUNT EQUAL TO THE AGGREGATE OF
<br />MONTHLY NET PROCESSING FEES PAID BY MERCHANT IN THE THREE
<br />MONTH PERIOD PRIOR'TO'1'HE MONTH THAT THE INCIDENT GIVING RISE
<br />TO LIABILITY OCCURRED.
<br />TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO
<br />EVENT SHALL EITHER PROCESSOR OR MEMBER 13ANK OR THEIR
<br />RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS BE
<br />LIABLE FOR SPECIAL, INCIDENTAL, INDIRECT, CONSEQUENTIAL OR
<br />EXEMPLARY DAMAGES OR FOR ANY INTERRUPTION OR LOSS OF USE,
<br />DATA, BUSINESS OR PROFITS, WHETHER OR NOT SUCH LOSS OR
<br />DAMAGES WERE FORESEEABLE OR PROCESSOR OR MEMBER BANK WAS
<br />ADVISED OF THE POSSIBILITY THEREOF AND REGARDLESS OF WHETHER
<br />ANY LIMITED REMEDY HEREIN FAILS OF ITS ESSENTIAL PURPOSE.
<br />TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW,
<br />PROCESSOR AND MEMBER BANK SPECIFICALLY DISCLAIM ALL
<br />WARRANTIES OF ANY KIND, EXPRESSED OR IMPLIED, INCLUDING,
<br />WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR
<br />FITNESS FOR A PARTICULAR PURPOSE OR NON -INFRINGEMENT OF ANY
<br />INTELLECTUAL PROPERTY RIGHT WITH RESPECT TO THE SERVICES
<br />PROVIDED HEREUNDER. WITHOUT LIMITING THE GENERALITY OF THE
<br />FOREGOING, PROCESSOR AND MEMBER BANK DO NOT GUARANTEE OR
<br />WARRANT THAT THE SERVICES WILL BE UNINTERRUPTED OR F,RROR-
<br />FREE.
<br />181NOTICES. Each notice required by the Merchant Agreement will be in writing (hard
<br />copy or electronic), except as otherwise stated in the Merchant Agreement, and will be
<br />effective when delivered, (a) to Member Bank at the address designated on the Merchant
<br />Application, and the return address on Merchant's Card processing statements, (b) to
<br />Processor at the address designated on the Merchant Application and (c) to Merchant at
<br />Merchant's address to which Processor mails Merchant's statements or at the electronic
<br />mail address provided by Merchant in the Merchant Application, or at such other address
<br />as any party may provide by written notice to the other parties. Any address Merchant
<br />designates may also be the address to which Processor mails Merchant's statements. Where
<br />applicable, delivery by facsimile transmission or electronic mail will be considered
<br />effective when the sender receives electronic confirmation of the transmission.
<br />19. GEORGIA LAW; JURISDICTION; VENUE. Merchant's offer to enter into this
<br />Merchant Agreement is made In Muscogee County, Georgia; this Merchant Agreement shall
<br />be performed by Merchant in Muscogee County, Georgia and governed by Georgia law,
<br />excluding its conflict of laws rules. Merchant and Guarantor agree to bring any claim or
<br />action relating to the Merchant Agreement in binding arbitration as set forth in Section 20.2
<br />below. Any matters not otherwise subject to arbitration (such as, by way of example only,
<br />injunctive relief, action to recover any monetary losses or damages from unpaid obligations
<br />of the Merchant under the Merchant Agreement, or claims to enforce an arbitration award),
<br />shall be brought in the state or federal courts located in Muscogee County, Georgia. All
<br />parties irrevocably and unconditionally submit to the jurisdiction of such courts with respect
<br />to any such action. In the event that Processor or Member Bank is required to resolve a
<br />dispute with Merchant that requires any action under this provision, Merchant hereby agrees
<br />and consents to receive service of process by certified mail.
<br />20. A170RNEY FEES; ARBITRATION; CLASS ACTION WAIVER.
<br />20.1 Attorney Fees. Merchant and/or Guarantor will be liable for and will indemnify
<br />and reimburse Processor and Member Bank for all attorneys' fees, including in-house legal
<br />fees, and other costs and expenses paid or incurred by Processor and Member Bank in the
<br />enforcement of this Merchant Agreement or in mutters relating to this Merchant Agreement,
<br />or arising from any breach by Merchant of this Merchant Agreement, or any other
<br />wrongdoing by Merchant or Guarantor. In the event Processor or Member Bank must engage
<br />in any recovery or collection efforts to collect any amounts due from Merchant to Processor
<br />or Member Bank, Merchant will reimburse Processor and Member Bank for all fees and
<br />expenses incurred in such collection, plus reasonable administrative fees and expenses.
<br />20.2 Arbitration
<br />NOTE; PLEASE READ THIS SECTION CAREFULLY AS IT AFFECTS YOUR
<br />RIGHTS AND THE RESOLUTION OF DISPUTES
<br />ANY DISPUTE OR CLAIM ARISING OUT OF, RELATING TO. OR IN CONNECTION
<br />WITH THIS AGRFEMENT OR THE RELATIONSHIPS WHICH RESULT FROM THIS
<br />AGREEMENT SHALL BE RESOLVED BY BINDING ARBITRATION, RATHER
<br />THAN IN COURT; HOWEVER, MERCHANT MAY ASSERT CLAIMS 1N SMALL
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