Merchant definition
Examples of Merchant in a sentence
In addition to the definitions ascribed to them in the Merchant Terms, the definitions of the words and terms used in these Conditions shall be as set out in each item below.
When performing this Agreement, the parties shall comply with the Merchant Agreements of both parties and all other relevant laws and ordinances, and neither party shall defame the social credibility or reputation of the other party.
If the performance of the Agreement becomes, or is likely to become, difficult, regardless of whether due to a circumstance stated in the preceding paragraph or for any other reason, or a situation arises which has a material effect on the performance of the Agreement, PP or the affected Merchant shall immediately notify the other party to that effect and consult thereon, and the affected party shall make efforts to minimize the effects [of such situation] on the business operations of both sides.
If a Merchant is delayed in paying an obligation it must pay to PP, the Merchant shall pay delay damages at a rate of 14.6% per annum (calculated on a daily basis of 365 days per year), calculated starting from the day after the due date of such obligation until the day on which the payment is made.
The Merchant may not make any claim for compensation for loss or damage or any other monetary claim under any name whatsoever against PP using the suspension of the PayPay Balance Transactions under this paragraph as the reason.