Existing Merchant definition

Existing Merchant means a merchant (as defined and used in the MasterCard and Visa Payment Company Rules) that was party to an agreement with Company prior to the transfer of the BIN and ICA to WFB.
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Examples of Existing Merchant in a sentence

  • Should SERVICERS' determine that an Existing Merchant within the Existing Portfolio does not meet the Merchant Processing Policy, following the Conversion, SERVICERS may decline such Merchant and cease providing settlement services under this Agreement, in SERVICERS' sole discretion.

  • IPAYMENT shall obtain a signed Merchant Processing Agreement from each of its Existing Merchants and shall provide a signed copy thereof to SERVICERS; provided, however, that IPAYMENT is not required to obtain a substitute agreement from any Existing Merchant that currently has in effect a valid and binding Card processing agreement in a form acceptable to SERVICERS in their sole discretion.

  • If Company is unable to obtain a fully completed Application from an Existing Merchant, Bank may decline such Merchant and cease providing clearing and settlement services and ACH services for such Merchant under this Agreement.

  • Should Bank determine that an Existing Merchant within the Existing Portfolio does not meet the Merchant Criteria and is not listed in Exhibit 2.1(c)-2, following the Effective Date, Bank may decline such Merchant and cease providing clearing and settlement services and ACH services under this Agreement, in Bank’s sole discretion.

  • Household and Merchant agree that this Agreement shall supersede and replace the Existing Merchant Agreement.

  • Except as set forth in the preceding sentence, Section 2.4 (Modification of Existing Merchant Agreements), Section 2.7 (Key Accounts) and Section 6.1(q) (Exclusivity and Marketing), the Joint Venture shall have the right to modify any Merchant Agreement at any time.

  • The parties agree that this Agreement shall supercede and replace the Existing Merchant Agreement.

  • Except as otherwise stated in Sections 2.4 (Modification of Existing Merchant Agreements), 2.7 (Key Accounts) and 6.1(q) (Exclusivity and Marketing), the Joint Venture shall have the right to change the manner in which Account Fees are calculated and the Bank shall be obligated to use commercially reasonable endeavours to accommodate such changes, so long as changes are consistent with the applicable Merchant Agreements, Law and/or Association Rules.

  • Unless otherwise expressly provided for in this Agreement, the Bank shall not terminate any Existing Merchant Agreement or New Merchant Agreement without the prior Consent of the Joint Venture such Consent not to be unreasonably withheld.

  • Merchant and HSBC had agreed that HSBC would make financing available to customers of Merchant purchasing Goods from Merchant under the Existing Merchant Agreement.

Related to Existing Merchant

  • Universal Digital Loop Carrier (UDLC) means the DLC system that has a CO terminal channel bank that is connected to the CO switches on the analog side.

  • Participating Merchant means a Merchant that offers the Online Payment Service as an online payment option on the Merchant’s website.

  • Existing Manager means THR Property Management L.P.

  • Existing Management Agreement means that certain management agreement between the Seller and the Existing Manager for the operation and management of the Hotel.

  • Existing structure means any structure that is installed or approved for installation at the time a wireless services provider or wireless infrastructure provider provides notice to a locality or the Department of an agreement with the owner of the structure to co-locate equipment on that structure. "Existing structure" includes any structure that is currently supporting, designed to support, or capable of supporting the attachment of wireless facilities, including towers, buildings, utility poles, light poles, flag poles, signs, and water towers.