Definitionsand Interpretation Clause Samples

Definitionsand Interpretation. 1.1 In the Agreement the following words and expressions have the following meanings: Access Codes usernames, passwords and any other security information required by the Merchant to access the Merchant Payment Account; Acquiring Services means the processing by EMS of Transactions and the receipt and disbursement of related funds under the Agreement; Applicable Law All laws, rules and requirements applicable to EMS and the Merchant whencarrying out their obligations under the Agreement; Assessment means any and all assessment, fee, cost, expense or charge of any nature which a Card Scheme levies under its Card Scheme Rules at any time directly or indirectly in relation to any aspect of the relationship between the Parties; Business Day means a day other than a Saturday or Sunday on which banks are open in Ireland; Card means a payment card or other device issued under Card Scheme Rules issued in physicalor virtual format; Cardholder means a person to whom or for whosebenefit a Card is issued; Cardholder Data means the data, including Card Account information, which relates to a specific cardholder Card Scheme means such payment network(s) specified in the Agreement, or as the Parties may agree in writing from time to time after the Commencement Date; Card Scheme Rules means all applicable rules, regulations and operating guidelines issued by the Card Schemes;