BRAM definition
Examples of BRAM in a sentence
Applicant understands that LegitScript may, in its sole discretion, grant, deny, or revoke Applicant’s certification application or certification status for any reason and at any time, including, but not limited to, if LegitScript determines that the quality, accuracy, or other characteristics of the Applicant do not meet LegitScript’s certification standards, including but not limited to Applicant’s violations of BRAM, GBPP, or other card company policies.
Merchant shall adhere to MasterCard Business Risk Assessment and Mitigation (BRAM), which shall be deemed part of the Rules.
Applicant understands that LegitScript may, in its sole discretion, grant, deny, or revoke Applicant’s certification application or certification status for any reason and at any time, including if LegitScript determines that the quality, accuracy, or other characteristics of the Applicant do not meet LegitScript’s certification standards, including but not limited to Applicant’s violations of BRAM, GBPP, or other card company policies.
There shall be no obligation on the Port Authority to exercise such right and neither the existence of such right nor the holding of the deposit itself shall cure any default or breach of this Agreement on the part of the Permittee or BRAM.
Title to the fixtures and equipment so replaced shall pass to the Permittee or to BRAM, as provided in the WTC Fiber Backbone Agreement.
With respect to any bonds deposited by BRAM, the Port Authority shall have the right, in order to satisfy any of its claims or demands against the Permittee or BRAM, to sell the same in whole or in part, at any time and from time to time, with or without prior notice at public or private sale, all as determined by the Port Authority, together with the right to purchase the same at such sale.
The Port Authority hereby approves the retention by the Permittee of BRAM in connection with the performance of the WTC Fiber Construction Work.
The proceeds of every such sale shall be applied by the Port Authority, first to the costs and expenses of the sale (including but not limited to advertising or commission expenses) and then to the amounts due the Port Authority from the Permittee or BRAM.
The Port Authority shall promptly execute and deliver bills of sale and all other documents necessary or convenient in order to evidence any such transfer of title to the Permittee or BRAM, as the case may be.
After such termination, and subject to the Permittee’s rights under Section 7(b) hereof, the Permittee shall use its best efforts to cause BRAM to comply in full with its obligations under Sections 13 (solely with respect to actions or omissions occurring on or prior to the termination date), 23 (without exception for the BRAM Equipment), 30(iii) and 30(iv) of the WTC Fiber Backbone Agreement.