Sponsored Member definition

Sponsored Member means any Visa and/or MasterCard member whose right to participate is dependent upon its sponsorship from another member.
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Sponsored Member is any member whose right to participate in the Corporation’s Payment Services is pursuant to the sponsorship of another member in accordance with the Bylaws and Operating Regulations; and
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Examples of Sponsored Member in a sentence

  • FICC will permit each Sponsored Member into membership subject to the Rules, the terms and conditions set forth herein and any terms and conditions deemed by FICC to be necessary to protect itself and its members.

  • Upon the Dependent turning 23, the child’s Membership should be cancelled by the Primary Member completing the Membership Cancellation Form, or the Membership will automatically convert from Dependent Child to a Sponsored Member.

  • A Sponsored Member should be related to the Primary Member or a paid employee (e.g. a nanny or employee on a Corporate Membership).

  • As between Company and the Bank, Company is solely responsible for all losses due to transactions by a Sponsored Member, such as losses resulting from chargeback, fraud, bankruptcy, or similar events.

  • Company shall pay all Card Association fees, interchange, assessments, penalties and fines applicable or related to the Sponsored Member Program; provided that, Company shall not be liable for Card Association fees and expenses arising out of the gross negligence or misconduct of Bank or breach by Bank of this Agreement.

  • The Sponsored Member acknowledges that nothing shall enlarge or restrict the rights of PILA or its agents to acquire, develop and maintain any Metadata and any collective rights therein.

  • The Sponsored Member agrees only to deposit or register Metadata in the PILA System corresponding to Original Work for which it has electronic rights, including the right to use such Original Work as part of the PILA System including Cross-Linking.

  • The Sponsored Member acknowledges that, as between itself and PILA, PILA has all right, title and interest in and to the PILA System, including all related copyrights, database compilation rights, trademarks, trade names, and other intellectual property rights, currently in existence or later developed, with the exception of rights in the Deposited Metadata as set forth in section 5 (Metadata Rights and Limitations), or as expressly provided elsewhere in writing.

  • As part of such review, the Sponsored Member shall have an opportunity to be heard under such reasonable procedures as the Board may determine in its good faith.

  • The Sponsored Member shall not acquire or retain, and may not provide or transfer, any rights (including all related copyrights, database compilation rights, trademarks, trade names, and other intellectual property rights, currently in existence or later developed) in any Metadata belonging to another member of PILA.