Common use of Binding Arbitration and Class Action Waiver Clause in Contracts

Binding Arbitration and Class Action Waiver. 7.1 PARTIES BOUND The term “Merchant” in this Article VII (Binding Arbitration and Class Action Waiver) includes Merchant, its owners, partners, officers, directors, shareholders, principals, and Guarantor(s), including without limitation those listed in the Merchant Application. Article VII binds all of them, Bank, Company, and Company’s Independent Sales Representatives (sometimes called “ISOs”).

Binding Arbitration and Class Action Waiver. 7.1 PARTIES BOUND The term “Merchant” in this Article VII (Binding Arbitration and Class Action Waiver) includes Merchant, its owners, partners, officers, directors, shareholders, principals, Merchant and the Guarantor(s), including without limitation those ) listed in the Merchant Application. Article VII binds all of them, Bank, Company, and Company’s Independent Sales Representatives (sometimes called “ISOs”).