Installment Plans. Unless specifically stated in its Application or otherwise approved in writing by 365 in advance, Customer shall not accept Cards in connection with installment sales plans. If the End User pays in installments or on a deferred payment plan, as previously approved by 365, a Transaction Data record has been prepared separately for each installment transaction or deferred payment on the dates the End User agreed to be charged. All installments and deferred payments, whether or not they have been submitted to 365 for processing, shall be deemed to be a part of the original Transaction.
Appears in 2 contracts