Definition of Point-of-Sale Transactions


Point-of-Sale Transactions means any sale transactions by any Credit Parties whereby the purchase price for the sale transaction is paid in full by the Customer at the time of the sale transaction.
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Examples of Point-of-Sale Transactions in a sentence

If the Credit Parties engage in Point-of-Sale Transaction exclusively, the foregoing requirement to deliver an aged schedule of the Accounts of the Credit Parties shall not be applicable; provided, however, in such a circumstance, Lender may request, and the Credit Parties shall be obligated to deliver to Lender, any other reports or schedules as Lender may require or request from time to time to evidence or confirm the Point-of-Sale Transactions.
Point-of-Sale Transactions (Electronic/POS) - dollar limitations - Using your card: - you may not exceed $1,000.00 in transactions per day per card; - some customers will have a lower $500.00 "per day" limit which will be disclosed separately when the account is opened.
If the Credit Parties engage in Point-of-Sale Transactions exclusively, the foregoing requirement to deliver an aged schedule of the Accounts of the Credit Parties shall not be applicable; provided, however, in such a circumstance, Lender may request, and the Credit Parties shall be obligated to deliver to Lender, any other reports or schedules as Lender may require or request from time to time to evidence or confirm the Point-of-Sale Transactions.