Net Card Sales definition

Net Card Sales means the total amount of Card Sales properly remitted to Bank minus the total amount of Credits properly remitted to Bank.
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Net Card Sales means gross Card Sales, minus Normal Business Returns and Chargebacks, during the specified period of time.
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Net Card Sales means the gross dollar amount of Card Sales made by Dealer during a calculation period less the total dollar amount of Credits and adjustments to Accounts with respect to the Card Sales made by Dealer during such calculation period.
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Examples of Net Card Sales in a sentence

  • Except as otherwise provided in this Agreement, Citi Commerce will deduct from any Settlement payable to Xxxx under Section 2.(b)(viii) any Merchant Fees that are payable in respect of the Net Card Sales remitted during the period for which Settlement is being made.

  • On a semi-annual basis, Bank shall review the actual Annual Net Card Sales of Company to determine whether any adjustments regarding Bank's contribution to the Promotional Fund are required for the remainder of the calendar year.

  • When Company's projected Annual Net Card Sales are greater than or equal to $150,000,000, Bank shall calculate the contribution to the Promotional Fund as follows: multiply projected Annual Net Card Sales by .0045.

  • The NMF shall be subject to adjustment based on Monthly Net Card Sales on the Commercial Revolve Plan calculated as follows: Monthly Net Sales NMF% Up to $85,000,000 (1.00 %) (i.e. no adjustment) $85,000,001 - $100,000,000 (1.20 %) $100,000,001 - $115,000,000 (1.35 %) $115,000,001 - $130,000,000 (1.50 %) $130,000,001 and above (1.60 %) For example, at the conclusion of month one, Bank determines that total Net Card Sales on the Commercial Revolve Plan totaled $90,000,000.

  • Card Sales on ECP Accounts shall not be included in Net Card Sales for the purpose of calculating HSBC’s Marketing Fund contribution pursuant to Section 2.6 of the Agreement.

  • When Company's projected Annual Net Card Sales are greater than $67,000,000 but less than or equal to $85,000,000, Bank shall calculate the contribution to the Promotional Fund as follows: multiply projected Annual Net Card Sales by .0030.

  • On each Business Day during the term of this Agreement, Bank will pay Zale an amount equal to the total amount of Net Card Sales, if any, submitted to and received by Bank in accordance with the terms hereof with respect to which Settlement is then due, together with the amount of any Merchant Fee adjustment for any Credits as provided in Section 3.9 hereof.

  • If Company's projected Annual Net Card Sales exceed $67,000,000 the calculated contribution described in this paragraph will be provided to the Promotional Fund in place of, not in addition to, the $200,000.

  • When Company's projected Annual Net Card Sales are greater than $85,000,000 but less than $150,000,000, Bank shall calculate the contribution to the Promotional Fund as follows: multiply projected Annual Net Card Sales by .0040.

  • For all Card Sales made by Company on the Commercial Revolve Plan, Bank shall pay to Company monthly a negative merchant fee (the “Negative Merchant Fee”, or “NMF”) of (1.00%) of Net Card Sales.


More Definitions of Net Card Sales

Net Card Sales means the total amount of Card Sales properly remitted to Bank minus the total amount of Credits properly remitted to Bank. “Network Account” means a credit account, including all receivables thereon, on which a transaction may be or has been made by a Cardholder (or by a person authorized by a Cardholder) or former Cardholder pursuant to a Network Card.
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Net Card Sales means, for any given period, the total dollar amount of all Card Sales made during the period (including, without limitation, Card Sales made pursuant to any Second Look Program) properly remitted by Zale to Citi Commerce, minus the total dollar amount of Returns properly remitted by Zale to Citi Commerce.
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Net Card Sales with respect to a given period, means (a) the total amount of Card Sales (including without limitation Card Sales under any Second Look Program provided by Bank to Xxxx) reported to Bank by Xxxx during such period in accordance with the provisions hereof minus (b) the total amount of Credits reported to Bank by Xxxx during such period in accordance with the provisions hereof.
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Net Card Sales with respect to a given period, means (a) the total amount of Card Sales (including without limitation Card Sales under any Second Look Program provided by Bank to Zale) reported to Bank by Zale during such period in accordance with the provisions hereof minus (b) the total amount of Credits reported to Bank by Zale during such period in accordance with the provisions hereof.
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Net Card Sales means the total gross value of all sales Transactions submitted by Company under the Agreement in an applicable period, less the total value of all refund Transactions (but not Chargebacks) during such period.
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Related to Net Card Sales

  • Debit Card Transaction means an electronic payment using a Card for the purchase of goods or services (which can include payment for CashBack), by a Cardholder, to a Retailer displaying the Visa logo and/or who is in the Visa Scheme.

  • Card Transactions means any payment made for goods or services, cash withdrawals from a bank or financial institution (including ATM withdrawals) or transfer of funds made through the use of the Card or the Card number.

  • Retailer means every person engaged in the business of making sales at retail, or for distribution,

  • Card Transaction means any purchase of goods and/or services or any transfer or cash advances effected by the use of a Card;

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as

  • Merchant means a company, firm or other organisation accepting either all Cards as a means of payment for goods and/or services or at least one type of Card for business to business transactions.

  • Retail sales As defined in the definition of Net Revenue.

  • wholesale customer means a natural or legal person purchasing electricity for the purpose of resale inside or outside the system where he is established;

  • Private label credit card means any charge card, credit card, or other instrument serving a similar purpose that carries, refers to, or is branded with the name or logo of a vendor and that can only be used for purchases from the vendor.

  • Consumer-goods transaction means a consumer transaction in which:

  • Adjusted gross receipts means the gross receipts less winnings paid to wagerers.

  • Gross receipts means the total revenue derived from sales, work done, or service rendered.

  • Smart Card means a Debit Card that has an embedded integrated circuit that can process data and protect the cardholder from fraudulent use.

  • Credit Card Receivables means each “payment intangible” (as defined in the UCC) together with all income, payments and proceeds thereof, owed by a Credit Card Issuer or Credit Card Processor to a Loan Party resulting from charges by a customer of a Loan Party on credit or debit cards issued by such Credit Card Issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.

  • Transaction Data means observable prices, rates, indices or values representing transactions between unaffiliated counterparties in an active market subject to competitive supply and demand forces;

  • ACH Transactions means any cash management or related services including the automatic clearing house transfer of funds by the Bank for the account of any Borrower pursuant to agreement or overdrafts.

  • Debit Card means a card, including a Smart Card, issued by the Financial Institution that allows the holder of the card to deposit cash and/or Instruments or withdraw cash from the Account through an ATM, authorize Transactions on the Account through an ATM, and that operates like an Instrument to purchase goods and services from merchants.

  • Finished Goods means completed goods which require no additional processing or manufacturing to be sold to third party customers by the Loan Parties in the ordinary course of business.

  • PCI means payment card information including any data related to credit card holders’ names, credit card numbers, or the other credit card information as may be protected by state or federal law.

  • Xxxxxxx Mac The Federal Home Loan Mortgage Corporation, or any successor thereto.

  • Xxxxxxx Group means (i) any member of the Xxxxxxx Family, (ii) Xxxxxxx Energy Partners I, LP and SEP Management I, LLC, (iii) Xxxxxxx Parent, (iv) Xxxxxxx Investor, (v) Xxxxxxx Production Partners LP, (vi) Xxxxxxx Oil & Gas Corporation, (vii) Blackstone Newco and (viii) any Person Controlled by any one or more of the foregoing (other than the General Partner, the Partnership or any of their respective Subsidiaries).

  • Stored-value card means a record evidencing a promise made for

  • Xxxxxx Group shall have the meaning set forth in Section 9.2(b) hereof.

  • Credit Card Issuer means any Person (other than a Loan Party) who issues or whose members issue credit cards or debit cards, including, without limitation, MasterCard or VISA bank credit or debit cards or other bank credit or debit cards issued through MasterCard International, Inc., Visa, U.S.A., Inc. or Visa International and American Express, Discover, Diners Club, Xxxxx Xxxxxxx and other non-bank credit or debit cards, including, without limitation, credit or debit cards issued by or through American Express Travel Related Services Company, Inc. or Discover Financial Services, Inc.

  • Xxxxxx Mae The Government National Mortgage Association, or any successor thereto.

  • Primary Cardholder means the person who applied for a Card, whose name is on the Account and who a Card is issued to. Purchase means any Transaction other than a Cash Advance.