Merchant Function definition

Merchant Function means the use of a Terminal by the Merchant in accordance with NuPay’s requirements (as set out in this Agreement or otherwise);
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Examples of Merchant Function in a sentence

  • The Company would then download various Commission-authorized tariff statements applicable to each utility, including the Statement of Supply Service Charges, daily supply price (if applicable), as well as the Merchant Function Charge Statement, tariff surcharges, and base rate elements.

  • To find the current rate, start at the electric tariff page for New York State Electric & Gas Corporation (NYSEG), which is PSC #18 (there are two entries): ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/ets_web/search/searchShortcutEffective.cfm?companyID=3823176&servic eType=ELECTRIC&psc_num=18 Then go to ‘Statements’: Then select ‘Merchant Function Charge' statement file: The Merchant Function Charge rate for residential and small commercial is the Non Demand billed (Hedged): the total is at the bottom.

  • To find the current rate, start at the electric tariff page for New York State Electric & Gas Corporation (NYSEG), which is PSC #120 (there are two entries): ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/ets_web/search/searchShortcutEffective.cfm?companyID=3569018&servic eType=ELECTRIC&psc_num=120 Then go to ‘Statements’: Then select ‘Merchant Function Charge' statement file: The Merchant Function Charge rate for residential (SC1) is the Non Demand billed (Hedged): the total is at the bottom.

  • NYSEG’s electric Price To Compare has these components: • Supply Charge o This is calculated daily by NYSEG for each rate class and region • Merchant Function Charge These components do not include Gross Receipts Tax or other taxes.

  • An entity that has not unbundled its Merchant Function and meets the requirements established by the Federal Energy Regulatory Commission in Order No. 888 for an exemption from the requirement to unbundle its Merchant Function from its transmission functions.

  • The Merchant Function Charge rate for small commercial (SC2) is the Demand billed: the total is at the bottom.

Related to Merchant Function

  • School function means any school-sponsored extra-curricular event or activity.

  • Essential functions means the fundamental job duties of the employment position the individual with a disability holds or desires. “Essential functions” does not include the marginal functions of the position.

  • critical functions means activities, services or operations the discontinuance of which is likely in one or more Member States, to lead to the disruption of services that are essential to the real economy or to disrupt financial stability due to the size, market share, external and internal interconnectedness, complexity or cross-border activities of an institution or group, with particular regard to the substitutability of those activities, services or operations;

  • Essential job functions means the fundamental job duties of the employment position an individual holds. A job function may be considered essential if-

  • Commercially Useful Function means responsibility for the execution of a distinct element of the work of the contract, which is carried out by actually performing, managing, and supervising the work involved, evidencing the responsibilities and risks of a business owner such as negotiating the terms of (sub)contracts, taking on a financial risk commensurate with the contract or its subcontract, responsibility for acquiring the appropriate lines of credit and/or loans, or fulfilling responsibilities as a joint venture partner as described in the joint venture agreement.