Common use of Credit Card Transactions Clause in Contracts

Credit Card Transactions. During the 90-day period following the Closing Date, Seller agrees to allow Buyer to deposit credit card payments from Subscribers that are made to Seller's account at Branch Banking & Trust Company. Seller covenants and agrees to transfer such payments to Buyer on a weekly basis or at such other time as reasonably requested by Buyer. At the end of such 90-day period, Buyer shall provide to Seller a statement of all such payments that were made. Buyer agrees to indemnify Seller for all losses, damages, chargebacks and claims arising from the arrangements described in this Section 1.12.

Credit Card Transactions. During the 90-day period following the Closing Date, Seller agrees to allow Buyer to deposit credit card payments from Subscribers that are made to Seller's account at Branch Banking & Trust CompanyFirst Union bank account. Seller covenants and agrees to transfer such payments to Buyer on a weekly basis or at such other time as reasonably requested by Buyer. At the end of such 90-day period, Buyer shall provide to Seller a statement of all such payments that were made. Buyer agrees to indemnify Seller for all losses, damages, chargebacks and claims arising from the arrangements described in this Section 1.12.

Credit Card Transactions. During the 90-day period following the Closing Date, Seller agrees to allow Buyer to deposit credit card payments from Subscribers that are made to Seller's account at Branch Banking & Trust CompanyFirst American National Bank. Seller covenants and agrees to transfer such payments to Buyer on a weekly basis or at such other time as reasonably requested by Buyer. At the end of such 90-day period, Buyer shall provide to Seller a statement of all such payments that were made. Buyer agrees to indemnify Seller for all losses, damages, chargebacks and claims arising from the arrangements described in this Section 1.12.