My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
25C - AGMT - MERCHANT PAYMENT SRVS
Clerk
>
Agenda Packets / Staff Reports
>
City Council (2004 - Present)
>
2014
>
03/18/2014
>
25C - AGMT - MERCHANT PAYMENT SRVS
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/13/2014 2:36:38 PM
Creation date
3/13/2014 1:39:17 PM
Metadata
Fields
Template:
City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
25C
Date
3/18/2014
Destruction Year
2019
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
18
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
22.1 As a primary inducement to Bank to enter into this Merchuu Agreement, and to <br />approve the Merchant Application of Merchant, the Gumantor(s), individually and <br />severally, who signed on the Guarantor signature Ime(s) on the Merchant Application, <br />agree to be bound by all terms and provisions of this Merchant Agreement to the same <br />extent and in the same manner as Merchant, and unconditionally and irrevocably, <br />personally guarantee the continuing fill and faithful performance and payment by <br />Merchant of each and all of Merchant's duties and obligations to Bank under this Merchant <br />Agreement or any other agreement currently in effect or in the future entered into between <br />Merchant or its principals and Bank, as such agreements now exist or are amended from <br />time to time, with or without notice to Guaranmr(s). <br />22.2 Merchant and Guammor(s) furdier agree to be bound by the terms and provisions <br />of any Merchant Card ['recessing Agreement between Bank and any Affiliated- merchant, <br />regardless of whether such agreement currently exists or is executed, amended or <br />supplement at some future date. Merchant and Gumaalor(s) unconditionally and <br />irrevocably guarantee the full payment and performance of each and all duties and <br />obligations owed to Bank by Merchant Affiliate pursuant to any Merchant Card <br />processing Agreement. 'fire previsions of Section 223 apply to the guarantee by Merchant <br />and Guarantor(s) of the Merchant Affiliate's obligations to Bank under any Merchant Card <br />Processing Agreement. <br />223 Guarantor(s) understands that Bank, without notice to Guarantors), may from <br />time to time renew or extend the Merchant Agreement, modify rates, limits, charges and <br />fees, or modify the amount or type of services provided to Merchant all of which may <br />increase the Gasometer's obligations under this Guaranty. Guarantors) further understands <br />that Bank may proceed directly against Guaranror(s) without first exhausting Bank's <br />remedies against the Merchant, arty other person or entity responsible to Bank or any <br />security held by Bank. This Guaranty is a continuing guaranty and will not be discharged <br />or affected by the release or discharge of Merchant or the death of the Guararam(s). This <br />Guaranty will bind all heirs, administrators, and representatives of the Guarantors) and <br />may be enforced by or for the benefit of any successor of Bank. To the fullest extent <br />permissible under applicable law, Guarantor(s) waives any and all rights of submgation, <br />raimbursoment or indemnity derived from Merchant, all other rights and defenses available <br />to Merchant, and all other rights and defenses available to Guamar xa). <br />Page 1 of <br />25C -18 <br />UNNMFRAGhfF v10,1013 <br />
The URL can be used to link to this page
Your browser does not support the video tag.