Excessive Returns. If the total number of B3 Badges returned by End User exceeds 25% of the total number of B3 Badges for which End User has purchased Customer Care Warranty coverage (“Return Limit”), then Vocera reserves the right to charge End User $120 for each returned badge that is in excess of the Return Limit. By way of clarification, the Return Limit does not apply to products covered by the Standard Warranty set forth in Section 1 above.
Excessive Returns. Any merchant with more than the defined percentage of returns in a single billing cycle (calendar month), will be assessed an additional fee per returned item. Laws – All international, national, regional and local regulations or laws which are applicable to the services provided herein. NACHA – National Automated Clearing House Association responsible for establishing, revising and enforcing the Operating Rules for the ACH Network. ODFI – Originating Depository Financial Institution is the financial institution that receives ACH Transactions from Merchant through FORTE and then forwards these Transactions (defined below) to the ACH Network. Originator – A Merchant who has contracted with FORTE to initiate ACH entries, on their behalf, to the ACH Network. Payment Association – Any entity governing a payment network, including but not limited to VISA, M/C, Discover, American Express, NACHA, STAR, Pulse. PCI-DSS – System security measures established by the various credit card companies, known as the Payment Card Industry Data Security Standards. RDFI – Receiving Depository Financial Institution is the financial institution that receives the ACH Transactions from the ODFI through the ACH Network and posts these Transactions to the accounts of Receivers (defined below). Recall– Similar to a Reversal (see below) but used for recovery of a transaction beyond the four banking day timeframe. The current fee amount, as well as periodic updates thereto, are provided at xxxx://xxx.xxxxx.xxx/legal. Receivers –An entity or individual consumer that has an established account with a card issuer or financial institution upon which a Transaction is or may be acted upon. Returned Entries – Any Transaction returned or rejected by FORTE, ODFI or RDFI. Reversal– A request made to the RDFI within four days of effective entry date for return of a duplicate or erroneous entry that has already been introduced into the ACH system. The current fee amount, as well as periodic updates thereto, is provided at xxxx://xxx.xxxxx.xxx/legal. Rules – The operational rules, policies and procedures established by each applicable Payment Association to govern all transactions and parties that participate in the associated Transaction Network. Settlement Account – An account established and maintained by Merchant with a financial institution through which the following may occur: (a) deposit of funds for Debit Entries, or (b) the extraction of funds for Credit Entries, Reserve funding or fee ob...
Excessive Returns. Customer returns related to failure to meet specifications are considered a quality issue for the purposes of this Agreement and will therefore be managed consistent with Sections 15 and 23 of this Agreement
Excessive Returns. Returns of a Product that arise from the failure of the Product to meet Product Specifications are considered a quality issue for the purposes of this Agreement and will therefore be managed consistent with Sections 17 and 25 of this Agreement
