Processor Agreements Sample Clauses
Processor Agreements. In the event that any Credit Party enters into a Processor Agreement after the Closing Date that (x) is reasonably expected to generate ten percent (10%) or more of the total Recurring Net Revenue during the following twelve-month period or (y) replaces a Processor Agreement that generated ten percent (10%) or more of the total Recurring Net Revenue during the preceding twelve-month period, then such Credit Party shall use commercially reasonable efforts to deliver to Administrative Agent, within 60 days of entering into such Processor Agreement, a Processor Consent Agreement executed by each party thereto (other than Administrative Agent and Collateral Agent, as applicable) with respect to such Processor Agreement. If at any time ten percent (10%) or more of the total Recurring Net Revenue during any twelve-month period is generated under a Processor Agreement for which no Processor Consent Agreement has previously been delivered in accordance with this Agreement, then the applicable Credit Party shall use commercially reasonable efforts to deliver to Administrative Agent, within 60 days of such determination, a Processor Consent Agreement executed by each party thereto (other than Administrative Agent and Collateral Agent, as applicable). Neither the Administrative Agent nor the Collateral Agent shall give any instructions or directions to any Processor unless an Event of Default has occurred and is continuing.
Processor Agreements. Each Payment Subsidiary shall remain (i) registered with each Approved Bank Card System to the extent required by any Processor Agreement or the Rules of the Approved Bank Card Systems, and (ii) PCI certified and compliant to the extent required by PCI Requirements and/or the Rules.
Processor Agreements. To the extent that all Approved Processor Agreements generate less than ninety-five percent (95%) of the aggregate Eligible Recurring Net Revenue of the Payment Subsidiaries for any trailing twelve (12) month period, the Borrowers shall cause the Intermediate Holding Company, not later than thirty (30) days following the date such ninety-five percent (95%) threshold is no longer satisfied, to deliver, or cause to be delivered, to the Administrative Agent one or more Processor Consent Agreements with respect to Processor Agreements which are not subject to a Processor Consent Agreement to the extent necessary to cause at least ninety-five percent (95%) of the aggregate Eligible Recurring Net Revenue of the Payment Subsidiaries for the trailing twelve (12) month period to be generated by Approved Processor Agreements.
Processor Agreements. As of the effective date of this Addendum, use of the Payment Processing Services is subject to the Stripe Connected Account Agreement, the Stripe Privacy Policy, and other terms and conditions of Stripe, as each may be updated or modified by Stripe from time to time (collectively, the “Stripe Agreements”). Customer may not use any Payment Processing Services until Customer agrees to the Stripe Agreements, and by agreeing to this Addendum, Customer expressly
(a) accepts and agrees to the Stripe Agreements, and (b) authorizes BS&A to capture Customer’s electronic or digital acceptance of the Stripe Agreement and provide proof of such acceptance to Stripe as may be requested by Stripe. Customer understands that the Stripe Agreements are solely between Customer and Stripe, and the Payment Processing Services are provided solely by Stripe. BS&A is not a party to the Stripe Agreements, has no control over the Payment Processing Services and the Stripe Agreements, and will have no liability under the Stripe Agreements or in any way relating to the Payment Processing Services. Customer is responsible for checking for applicable updates to the Stripe Agreements from time to time, and any use by Customer of the Payment Processing Services following a change to the Stripe Agreements shall constitute acceptance of such change.
Processor Agreements. Within 30 days after the closing date, Borrower shall provide Lender with duly executed Processor Agreements from Design Molded Plastics, Inc., MJM Industries, Inc., Spenco Manufacturing, Inc., Bebco, and Harr▇ ▇▇▇▇▇▇ ▇▇▇pany, Inc.
Processor Agreements. Borrower Processor Location UCC-1 Financing Statements (Original Loan Parties – on file prior to closing)
Processor Agreements. Promptly following the effective date thereof, a copy of each document, instrument and agreement entered into between any Loan Party and (i) PayPal or (ii) any other Mastercard, Visa, American Express and/or Discover credit card processor for such Loan Party.