Other Types of Transactions Clause Samples
The "Other Types of Transactions" clause defines how the agreement applies to transactions that are not explicitly covered elsewhere in the contract. It typically clarifies whether additional types of business dealings, such as joint ventures, asset sales, or service arrangements, fall within the scope of the agreement or require separate terms. This clause ensures that both parties understand the boundaries of the contract, preventing misunderstandings about what is or is not included and reducing the risk of disputes over unaddressed transaction types.
Other Types of Transactions. A. Recurring Transactions. For recurring Transactions, ▇▇▇▇▇▇▇▇ must be approved by Service Provider to accept recurring Transactions and obtain a written request from the Customer for the goods and services to be charged to the Customer’s account, the frequency of the recurring charge, and the duration of time during which such charges may be made. Merchant will not complete any recurring Transaction after receiving: (i) a cancellation notice from the Customer; (ii) notice from Service Provider, or (iii) a response that the Card is not to be honored. ▇▇▇▇▇▇▇▇ must print legibly on the Sales Draft the words “Recurring Transaction”.
Other Types of Transactions. A. D ebit Card Processing Services. You may elect to accept debit cards, and said election should be made by you on the accompanying Merchant Application. If you elect to accept debit cards, the following terms and conditions apply to you. Debit Sponsor shall act as your sponsor with respect to the participation of pointofsale terminals owned, controlled, and/or operated by you (the Covered Terminals) in each of the following debit card networks (Networks): Accel, AFFN, Alaska Option, Interlink, Maestro, NYCE, Pulse, Shazam, Star, CU24, and Tyme, which Networks may be changed from timetotime by Debit Sponsor or Processor without notice. You may also have access to other debit networks that do not require a sponsor. Processor will provide you with the ability to access the Networks at the Covered Terminals for the purpose of authorizing debit card transactions from cards issued by the members of the respective Networks, and Processor will provide connection to such Networks, terminal applications, settlement, and reporting activities (collectively, the Services). You will comply with all federal, state, and local laws, rules, regulations and ordinances (Applicable Laws) and with all bylaws, regulations, rules, and operating guidelines of the Networks (Network Rules). You will execute and deliver any application, participation, or membership agreement or other document necessary to enable Debit Sponsor to act as sponsor for you in each Network, and you shall obtain all consents, approvals, authorizations, or orders of any governmental agency or body required for the execution, delivery, and performance of this Agreement. You agree to utilize the debit card services in accordance with this Agreement, its exhibits or attachments, and Processors instructions and specifications, and to provide Processor with the necessary data in the proper format to enable Processor to properly furnish the Services. Copies of the relevant agreements or operating regulations shall be made available to you upon request. You will provide prompt written notice to Processor in the event that you are subject to any of the following: i. Conviction for a felony offense or any other crime involving moral turpitude; ii. Restraining order, decree, injunction, or judgment in any proceeding or lawsuit alleging fraud or deceptive practice on your part; iii. Bankruptcy filing or petition; iv. Federal or state tax lien;
Other Types of Transactions. Prearranged Transfers
Other Types of Transactions