Merchant Contracts Clause Samples
A Merchant Contracts clause defines the terms and conditions under which a merchant agrees to provide goods or services to another party. This clause typically outlines the obligations of the merchant, payment terms, delivery schedules, and quality standards that must be met. By clearly specifying these expectations, the clause helps prevent misunderstandings and disputes, ensuring both parties are aware of their rights and responsibilities throughout the commercial relationship.
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Merchant Contracts. BAMSI, as agent of the Bank, shall be ------------------ responsible for establishing the terms and conditions of the Merchant Contracts, including all changes thereunder, subject to Section 1.7 below. Without in any way limiting the authority granted in Section 1.1, the Bank hereby authorizes BAMSI to use the Bank's name to the extent necessary or appropriate in accordance with the terms of this Agreement to enter into and to renew Merchant Contracts, to modify Merchant Contracts to the extent necessary to assign them to the Bank, to perform the Merchant Contracts and to take other necessary or appropriate actions with respect to the Merchant Contracts, all in accordance with requirements of Visa and MasterCard. As between BAMSI and the Bank, BAMSI shall be responsible for all credit, fraud and other risks associated with each Merchant Contract.
Merchant Contracts. Except as set forth on Schedule 4.6(a), the Sellers shall have assigned to the LLC all of the merchant contracts related to the Sellers' Merchant Card Business; all of the Sellers' merchant contracts transferred to the LLC are identified on SCHEDULE 4.6(b) (the "MERCHANT CONTRACTS"). The Merchant Contracts were assigned to the LLC on the dates identified on SCHEDULE 4.6(b).
Merchant Contracts. 2.2 Purchased Assets 2.2 Securities Act 3.4 Shares 2.6
Merchant Contracts. The provisions of Schedule 5, paragraphs 1 to 3 shall not apply in respect of the Merchant Contracts referred to in this paragraph 4, unless expressly provided for in this paragraph 4. For the purposes of this Schedule 5, only, “Merchant Contracts” shall mean Merchant Contracts entered into with the Business Transferors, unless expressly stated otherwise.
Merchant Contracts. Payment of Retained Liabilities........... 18 6.03