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SECTION 5 LIMITATIONS OF LIABILITY AND SECTION 8 TERM AND TERMINATION <br /> OBLIGATION <br /> 8.1 Term <br /> 5.1 Damages and Liability Limit The initial term of this Agreement will commence on the <br /> IN NO EVENT WILL EITHER PARTY BE LIABLE TO THE Effective Date and will end on the,first (1st anniversary of the <br /> OTHER PARTY OR ANY THIRD PARTY IN CONNECTION Effective Date (the "Initial Term"). This Agreement will <br /> WITH THIS AGREEMENT FOR INDIRECT, INCIDENTAL, automatically renew for successive one (1)-year terms (each, a <br /> CONSEQUENTIAL, RELIANCE, SPECIAL, EXEMPLARY OR "Renewal Term," and the Initial Term and any Renewal Term <br /> PUNITIVE DAMAGES, INCLUDING DAMAGES FOR LOST may be referred to as a "Term"). The term of this Agreement <br /> PROFITS, EVEN IF THE OTHER PARTY HAS BEEN ADVISED will terminate at the end of the Initial Term or any subsequent <br /> OF THE POSSIBILITY OF SUCH DAMAGES. EACH PARTY Renewal Term if either party provides written notice of such <br /> RELEASES THE OTHER PARTY AND ALL OF THE OTHER termination to the other party at least sixty(60)days prior to the <br /> PARTY'S AFFILIATES, EMPLOYEES, AND AGENTS FROM expiration of the applicable Term. <br /> ANY SUCH DAMAGES. IN NO EVENT WILL PNP HAVE OR <br /> INCUR ANY LIABILITY TO CLIENT OR ANY THIRD PARTY IN 8,2 In the Event of Breach;Effect on Affiliates <br /> EXCESS OF THE AGGREGATE COMPENSATION RECEIVED 8.2.1 Subject to the opportunity to cure set forth below,either <br /> BY PNP FOR THE SIX-MONTH PERIOD IMMEDIATELY party may terminate this Agreement upon sixty(60)days written <br /> PRECEDING THE EVENT GIVING RISE TO A CLAIM FOR notice to the other party in the event of a material,uncured <br /> SUCH LIABILITY. THE FOREGOING EXCLUSIONS AND breach of any provision of this Agreement by the other party. <br /> LIMITATIONS WILL APPLY TO THE MAXIMUM EXTENT Such notice by the complaining party shall expressly state all of <br /> PERMITTED BY APPLICABLE LAW, EVEN IF ANY REMEDY the reasons for the claimed breach in sufficient detail so as to <br /> FAILS ITS ESSENTIAL PURPOSE. provide the alleged breaching party a meaningful opportunity to <br /> cure such alleged breach("Notice"). <br /> 5.2 Refusals of Payment <br /> PNP will not be liable for charge-backs or other refusals of 8,2,2 Following receipt of Notice,the alleged breaching party <br /> payment initiated by any Customer. All such charge-backs and shall have sixty(60)days to cure such alleged breach. Upon <br /> other refusals of payment will be refunded by PNP to the termination or expiration of this Agreement,Client shall have no <br /> Customer and Client will mark and otherwise treat the related rights to continue use of the Service or the Modules. Expiration <br /> Customer account as"unpaid." or termination of the Agreement by Client or PNP shall also <br /> terminate the Affiliates'rights under the Agreement unless <br /> 5.3 Errors and Omissions otherwise agreed by the parties in writing. PNP may terminate <br /> PNP will not be liable for any errors or omissions in data the Agreement solely with respect to an individual Affiliate <br /> provided by Client or Customers. Client will be responsible for without affecting the rights and obligations of Client and other <br /> the accuracy of data provided to PNP for use in providing the Affiliates under the Agreement. <br /> Services. <br /> 8.3 Modification to or Discontinuation of the Service <br /> 5.4 Bank Actions PNP reserves the right at any time and from time to time to <br /> PNP will not be liable for any errors, omissions or delays modify, temporarily or permanently, the Service (or any part <br /> attributable to the acts or omissions of any bank or other third thereof). In addition, PNP will have the right to discontinue <br /> party involved in the processing of any Payment Device accepting any Payment Device by providing not less than ten <br /> payment. (10) days' written notice to Client. In the event that PNP <br /> modifies the Service in a manner which removes or disables a <br /> SECTION 6 CARDHOLDER DATA SECURITY feature or functionality on which Client materially relies, PNP, at <br /> To the extent applicable,each of the parties shall be required to Client's request, shall use commercially reasonable efforts to <br /> comply at all times with the Payment Card Industry Data substantially restore such functionality to Client. In the event that <br /> Security Standard Program("PCI-DSS")in effect and as may be PNP is unable to substantially restore such functionality within <br /> amended from time to time during the term of the Agreement. sixty (60) days, Client shall have the right to terminate the <br /> The current PCI-DSS specifications are available on the PCI Agreement. Client acknowledges that PNP reserves the right to <br /> Security Standards Council website at discontinue offering the Service and any support at the <br /> https://www.pcisecuritystandards.org. conclusion of Client's then-current Term.Client agrees that PNP <br /> shall not be liable to Client nor to any third party for any <br /> SECTION 7 EXCLUSIVITY modification of the Service as described in this Section. <br /> Client agrees that PNP will be the:non-exclusive provider of fee- <br /> based electronic payment services and that Client;may procure <br /> similar such services from any other party. <br /> PNP E-Payment Services Agreement v2.0 rev 071008 4 <br />