Gross Dollar Volume definition

Gross Dollar Volume means processed and non-processed issued Volumes (including domestic and international retail purchases, cash transactions, convenience checks, on-us transactions, intra-processor transactions, local use only transactions and balance and commercial funds transfers) that occur as a result of one or more of (A) a transaction involving any one of the Corporation’s brands (e.g., MasterCard®, Eurocard®, Maestro®, Cirrus® and ec Picto®) or (B) a non-MasterCard branded transaction involving a card which includes any one of the Corporation’s brand logos as well as other payment brand logos, provided that such other payment brands are not in direct competition with any of the Corporation’s brands, as determined by the Corporation.
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Gross Dollar Volume or "GDV" means processed and non-processed issued Volumes (including domestic and international retail purchases, cash transactions, convenience checks, on-us transactions, intra-processor transactions, local use only transactions and balance and commercial funds transfers) that occur as a result of one or more of (A) a transaction involving any one of MC Global's brands (e.g., MasterCard(R), Eurocard(R), Maestro(R), Cirrus(R) and ec Picto(R)) or (B) a non-MasterCard branded transaction involving a card which includes any one of MC Global's brand logos as well as other payment brand logos, provided that such other payment brands are not in direct competition with any of MC Global's brands as determined by MC Global.
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Gross Dollar Volume has the meaning set forth in Section 2.1(b).
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Examples of Gross Dollar Volume in a sentence

  • The Executive shall review the calculation of the Net Profits and Funded Gross Dollar Volume within five (5) days after delivery thereof and notify the Company in writing of any disagreement with such calculation.

  • The Company shall provide Executive with access upon request to the data it used to determine the Net Profits and Funded Gross Dollar Volume including all relevant books and records of the business to the extent required to review the Net Profits and Funded Gross Dollar Volume computation.

  • The Company shall pay the Executive 7 1/2 basis points on the gross dollar volume of the Designated Operations funded each month (the "Funded Gross Dollar Volume").

  • The Franchisee will pay the Sales and Marketing Fee calculated according to the Franchisee’s Gross Dollar Volume as set out at item 9 of the Schedule.

  • Without prejudice to the Franchisor’s other rights, if a Client leaves the franchise system due to a breach of this Agreement by the Franchisee, the Franchisee shall pay to the Franchisor an amount equal to four times the Gross Dollar Volume of that client by way of liquidated damages and the Franchisee acknowledges that such amount is a reasonable estimate of the loss suffered by the Franchisor as a result of the breach.

  • The Company's methodology for determination of the Net Profits and Funded Gross Dollar Volume and the results thereof shall be forwarded to Executive.

  • If within such five (5) days following delivery Executive does not object in writing thereto, then the Company's determination of the Net Profits and Funded Gross Dollar Volume shall be conclusive.

  • The Net Profits and Funded Gross Dollar Volume shall be payable to the Executive within three (3) days following agreement on or determination of the final, binding and conclusive calculation of the Net Profits and Funded Gross Dollar Volume.

  • The Company shall determine the Net Profits and Funded Gross Dollar Volume (as defined below) within five (5) days following the end of each monthly period.

  • Any Gross Dollar Volume generated by the Franchisee independently of the Franchisor will not be used in the calculation of the Sales and Marketing Fee payable by the Franchisee.


More Definitions of Gross Dollar Volume

Gross Dollar Volume means processed and non-processed issued Volumes (including domestic and international retail purchases, cash transactions, convenience checks, on-us transactions, intra-processor transactions, local use only transactions and balance and commercial funds transfers) that occur as a result
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Gross Dollar Volume means processed and non-processed issued Volumes (including domestic and international retail purchases, cash transactions, convenience checks, on-us transactions, intra-processor transactions, local use only transactions and balance and commercial funds transfers) that occur as a result of one or more of (A) a transaction involving any one of the Corporation's brands (E.G., MasterCard(R), Eurocard(R), Maestro(R), Cirrus(R) and ec Picto(R)) or (B) a non-MasterCard branded transaction involving a card which includes any one of the Corporation's brand logos as well as other
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Related to Gross Dollar Volume

  • Monthly Uptime Percentage means total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.

  • Annual Percentage Rate or “APR” of a Receivable means the annual percentage rate of finance charges or service charges, as stated in the related Contract.

  • Volume Commitment means the agreed upon Customer commitment to purchase, and may be described as an Annual Volume Commitment, Total Volume Commitment, Tiered Volume Commitment, or Subminimum Volume Commitment.

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.