Merchant Contracts definition

Merchant Contracts means those Transferred Contracts with Customers of the Merchant Processing Business that require the consent of such Customers to transfer such contract to the Companies in connection with the Transactions and that are set forth on Schedule 3.3(c).

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Merchant Contracts means Merchant Contracts entered into with the Business Transferors, unless expressly stated otherwise.

Merchant Contracts shall have the meaning set forth in Section 3.9(c).

Examples of Merchant Contracts in a sentence

• As promptly as reasonably practicable after the date of this Agreement, Seller shall contact the counterparties to each of the Merchant Contracts and Financial/EFT Contracts in order to secure consents required to transfer such contract to the Companies.

• BAMSI, as agent of the Bank, shall be ------------------ responsible for establishing the terms and conditions of the Merchant Contracts, including all changes thereunder, subject to Section 1.7 below.

• The Parties acknowledge that the terms of this Agreement and all Merchant Contracts are part of the Confidential Information of ISX or ISX EU.

• Such payments to Merchants shall be effected through mutually acceptable procedures which are consistent with the payment procedures established pursuant to the Merchant Contracts.

• As between BAMSI and the Bank, BAMSI shall -------------------- receive all fees, discounts and other amounts payable by Merchants for Merchant Processing Services with respect to Merchant Contracts.

• Except as disclosed in the Company SEC Documents filed prior to the date of this Agreement or in Section 3.9 of the Company Letter, there are no contracts or agreements of the Company or its Subsidiaries (including the Company Merchant Contracts) having terms or conditions which would have a Material Adverse Effect on the Company or having covenants that purport to bind any stockholder or any Affiliated Person (as hereinafter defined) of any stockholder of the Company after the Effective Time.

• The Sellers do not have any outstanding options or rights to purchase any Merchant Contracts, nor does any third party have any rights whatsoever entitling such third party to acquire any Merchant Contracts, except as expressly disclosed on SCHEDULE 5.26 to this Agreement.

• As contemplated by Sections 1.03 and 1.04, Seller is and shall remain liable for, and shall pay, in full and timely, (a) all amounts due under the Merchant Contracts with respect to ATM transactions occurring on or prior to the Closing Date (the "Merchant Accounts Payable"), and (b) all other Retained Liabilities properly owed, except where contested in good faith.

• Customer agrees that the Merchant Contracts are valuable assets of Transact and the Customer will not attempt to directly or indirectly interfere with, disrupt or encourage the termination of any Merchant Contract.

• The Merchant Contracts were assigned to the LLC on the dates identified on SCHEDULE 4.6(b).

More Definitions of Merchant Contracts

Merchant Contracts shall have the meaning given that term in SECTION 4.6.

Merchant Contracts means, in the case of each Group Company and Business, as at Closing, Contracts entered into between: (i) the relevant Group Company or Business Transferor; and (ii) merchants or other parties who may refer or introduce merchants for the provision of point of sale, e-commerce gateway, merchant acquiring or related payment processing services (or a combination of such services) exclusively in the course of the business of the Group, to the extent that immediately before Closing the same remain to be completed or performed or remain in force together, in the case of any Merchant Contract, with any Merchant Collateral held by or on behalf of any Group Company or Business Transferor exclusively in relation to that Merchant Contract and not in relation to any other obligation of the counterparty to any member of the RBSG Group;