Chargeback Reserve definition

Chargeback Reserve shall have the meaning ascribed at Section 5.11.
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Chargeback Reserve means, as of any time of determination, an amount determined by Lender, in its Permitted Discretion, equal to Lender's estimate of future returned checks and other offsets on Portfolio Payment Collections. LOAN AND SECURITY AGREEMENT - Page 5 --------------------------
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Chargeback Reserve shall have the meaning given to that term in Clause 19.1(a) of the Basic Terms and Conditions.
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Examples of Chargeback Reserve in a sentence

  • Re-presented Transaction: a Transaction to reverse a Charge back by the re-execution of the original Transaction, where you have successfully challenged the Chargeback; Reserve: means the amount specified in accordance with clause 12 of the Merchant Terms and Conditions.

  • North Capital shall disburse any remaining funds in this Chargeback Reserve Account at the end of 180 days after termination of this Agreement or 90 days from the date of the last Chargeback activity, whichever is later, unless North Capital, in its sole discretion has reason to believe that End User Chargeback rights may be longer than such period of time or that loss is otherwise likely, in which event North Capital will notify Client/Issuer/Customer of the date set for the release of the funds.

  • Bank shall pay to Merchant the Total Sale Price of each Card Sale, within such period of time as it may in its absolute discretion predetermine and notify to Merchant, less a percentage (the “Discount Rate”) of such Total Sale Price, such Discount Rate to be notified by Bank to Merchant, and less the Chargeback Reserve if any.


More Definitions of Chargeback Reserve

Chargeback Reserve means for any date of determination, Borrowers’ projected balance of unprocessed chargebacks, as determined in a manner consistent with GAAP and subject in each case to the reasonable satisfaction of the Administrative Agent.
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