Processor Claims definition
Processor Claims means the extent to which the amount of Cash dispensed from a Transferred Machine as reported by the Courier is different from the Cash dispensed as reported by Fiserv or W▇▇▇▇ Fargo, as applicable.
Examples of Processor Claims in a sentence
Notwithstanding any provision in this Agreement to the contrary, as between W▇▇▇▇ Fargo and Clients, Clients, jointly and severally, shall bear all risk of loss, liability with respect to, and responsibility for, all Overages, Shortages, Processor Claims, Courier ATM Claims and Courier Vault Claims (as such terms are used in the True-up Agreement).
Cardtronics and the 7-Eleven Entities agree that 7-Eleven is responsible for Courier Claims through the first Replenishment Date and Processor Claims and Courier Vault Claims through the Effective Date and that the Cardtronics Entities are responsible for Courier Claims, Processor Claims and Courier Vault Claims after the applicable aforementioned dates.