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BANCORP BANK (THE); PHOENIX PAYMENT SYSTEMS, INC. DBA ELECTRONIC PAYMENT EXCHANGE (EPX)
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BANCORP BANK (THE); PHOENIX PAYMENT SYSTEMS, INC. DBA ELECTRONIC PAYMENT EXCHANGE (EPX)
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Last modified
10/21/2013 11:34:01 AM
Creation date
12/10/2012 2:05:37 PM
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Contracts
Company Name
BANCORP BANK (THE); PHOENIX PAYMENT SYSTEMS, INC. DBA ELECTRONIC PAYMENT EXCHANGE (EPX)
Contract #
N-2012-146
Agency
FINANCE & MANAGEMENT SERVICES
Expiration Date
1/1/2014
Destruction Year
0
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or paragraphs herein contained shall not affect the remaining portions of this Agreement or any part <br />hereof. <br />10.16. Amendments to this Agreement. From time to time Bank and/or EPX may amend this Agreement as <br />follows: <br />i. Amendment to Cards and/or Services. Bank and/or EPX may amend or delete Cards or Services <br />listed in Schedule A by notifying Merchant in writing of any amendment with a minimum of <br />thirty (30) days prior written notice if reasonably practicable. All provisions of this Agreement <br />shall apply to Cards or Services added to this Agreement. Bank or EPX shall notify Merchant of <br />the fees to be charged for processing the additional Cards and Services. Acceptance by Merchant <br />of a new approved Card as payment for a Transaction or use of a new Service after Bank or EPX <br />has sent Merchant notice of an amendment shall constitute Merchant's agreement to the <br />amendment and the fees or charges related to these additions. <br />ii. Amendment to Fees and Charges. From time to time, Bank and/or EPX may change all non-pass <br />through rates, fees and charges set forth in Schedule B. Bank or EPX will provide written notice <br />to Merchant of all amendments with a minimum of thirty (30) days prior written notice if <br />reasonably practicable. Notice may be given on the Merchant Statement. All non-pass through <br />rates, fees and charges will become effective for the month immediately following the month in <br />which the notice appeared on the Merchant Statement unless Merchant terminates this Agreement <br />in accordance with Paragraph 6.4 ("Termination of Agreement by Merchant"). <br />iii. Volume Adjustments. Bank or EPX may change the rates, fees and charges without prior written <br />notice if Merchant's sales volume or average Transaction amount does not meet Merchant's <br />projections contained in Merchant's application for card processing services initially submitted to <br />and approved by Bank and EPX. <br />10.17. Notices. Except for notices provided by Bank to Merchant on the Merchant Statement, all notices, <br />requests, demands or other instruments which may or are required to be given by any party herein shall <br />be in writing and each shall be deemed to have been properly given <br />i. When served personally on an officer of the party to whom such notice is to be given; <br />ii. Upon expiration of a period of three (3) Business Days from and after the date of mailing thereof <br />when mailed postage prepaid by registered or certified mail, requesting return receipt; or <br />iii. Upon delivery by a nationally recognized overnight delivery service, addressed as follows: <br />Initials Pare 1 _> of 19
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