Examples of Chargeback Amount in a sentence
The merchant shall pay any Chargeback Amount to Paynovate upon request, as well as any Chargeback to the Purchase Order, and hereby authorizes Paynovate to debit any Chargeback Amount to the merchant Settlement Account of any Chargeback Amounts and to offset any amounts due to the merchant with a Chargeback Amount.
In the event any such payment with respect to such Chargeback Amount is received by Purchaser, such amount shall be promptly paid to Seller.
Anything contained in this Agreement to the contrary notwithstanding, all amounts received with respect to any Account after the Closing Date not in excess of the amount (if any) of the Chargeback Amount with respect to such Account shall belong to Seller and, if received by Purchaser after the Closing Date, shall be promptly paid to Seller.
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Seller shall retain all right, title and interest in claims against or payments from merchants in respect of amounts that were charged back through Visa(R) or MasterCard(R) by Seller prior to the Closing Date or will be charged back after the Closing Date in each case in respect to which Seller had credited the affected Account Receivable prior to the Closing Date (the "Chargeback Amount").
If a chargeback is successful on a processed payment (“Chargeback Amount”) that is outside of any applicable refund period, then Recipient Organization agrees to immediately pay Givsum the Chargeback Amount, minus Fees, plus any chargeback fee.
In order to implement the transactions contemplated under this paragraph, the Merchant hereby authorizes Home Credit to debit the Settlement Account and/or such other accounts of the Merchant with Home Credit from time to time such amount as may be necessary to cover the Chargeback Amount, without need of any further act or deed on the part of the Merchant, such as but not limited to signing a separate Authority to Debit Form.
Cover Sheet Item 4.1.1.2. It will be funded from Settling Suppliers’ ISO and PX Estimated Receivables Amount of $37,518,931 (which includes a $34,523 Chargeback Amount) and the Estimated Interest on Receivables Amount of $35,617,704 through December 31, 2013, which will be updated through and including the projected date of distribution.
In the event that the amount standing to the credit of the Settlement Account shall be insufficient to cover the Chargeback Amount, Home Credit shall place on hold whatever amount is available in the Settlement Account, as well as (x) all amounts that may subsequently be credited into the Settlement Account for any reason whatsoever and (y) other monies of the Merchant in the possession of Home Credit, whether under separate deposit accounts or otherwise.
Subject to availability of funds, Razorpay upon receipt of a Chargeback Request shall forthwith deduct Chargeback Amount from the Transaction Amounts which may be used, based on the decision of the Facility Provider, either to a) process Chargeback in favour of the customer or b) credit to You.