GIFT TRANSACTION definition
GIFT TRANSACTION means the sequential occurrence of each of the following:
(i) the submission of a valid Gift Order Form by a Member or a Guest;
(ii) the successful processing of said Gift Order Form by the Branded System;
(iii) the successful distribution of the Gift Order Form and the Selected Pictures to the Producer;
(iv) the successful notification by the Producer to the Branded System of the completion of the respective order;
(v) the successful notification of the respective Member or Guest by the Branded System of completion of the respective order; and
(vi) the successful collection by Wal-Mart of the applicable Gift Transaction Fees from the Member or Guest who submitted the Gift Order Form, as same is specified in the Gift Order Form;
GIFT TRANSACTION means any transaction between you and a customer in which a Gift Card is used and that includes, but is not limited to, an activation, de- activation, purchase, voiding or a balance inquiry;