Examples of Network Rules in a sentence
Bank shall promptly notify Company (which may be by email to the Company Program Manager or an update to the Management Committee) of changes in Bank Applicable Law or Network Rules (applicable to issuers) that may have an impact on the Program pursuant to Section 2.3.1. Company shall promptly notify Bank (which may be by email to the Bank Program Manager or an update to the Management Committee) of changes in Company Applicable Law that may have an impact on the Program pursuant to Section 2.3.2.
Upon expiration or termination of this Agreement, if DIC exercises the DIC Purchase Option, and subject to any covenants or obligations contained in the Network Rules applicable to Bank, Bank shall take all steps reasonably necessary to transfer to the Designated Purchaser the BIN Identifier and assign its rights thereto.
If there is a conflict between Applicable Law, the Network Rules, the Operating Procedures and/or this Agreement, the following will govern in order of precedence: (a) Applicable Law; (b) the Network Rules; (c) this Agreement; and (d) the Operating Procedures; provided that in the event of a conflict between any Exhibit or Schedule of this Agreement and the main text of this Agreement, unless explicitly stated otherwise, the main text of this Agreement shall govern to the extent of the conflict.
All Purchases on the Co-Brand Accounts in Non-Company Channels shall be settled (including authorizations, transmission of Charge Transaction Data, and processing of returns) through the Network pursuant to the terms and conditions of the Network Rules, including any chargeback rights under the Network Rules.
Bank shall ensure that (a) each of the Co-Brand Cards satisfies applicable EMV requirements for embedded microchip and signature technology and otherwise comply with all Applicable Law and Network Rules and (b) each of the Private Label Cards will have a Card Verification Value (CVV) embedded.