TM Charge definition
Examples of TM Charge in a sentence
Ticketmaster distribution channels 2.8% of Face Value of Tickets plus any fees added to the Face Value Principal Sales using TM Charge 2.8% of Face Value of Tickets plus any fees added to the Face Value Any percentage rates set forth above are subject to automatic increase due to increases in the interbank rates imposed on Ticketmaster.
In the event that Principal desires to process any credit or debit cards other than Visa or MasterCard utilizing TM Charge, then the fees for such service shall be mutually agreed upon by Principal and such credit card companies, and Principal shall enter into its own merchant agreement with such credit card companies.
The fees charged to Principal for use of TM Charge are subject to automatic increases equal to any actual increases in Ticketmaster’s Processor fees.
Ticketmaster shall use its best efforts to ensure the accuracy of information transferred from the Processor via TM Charge, but Ticketmaster does not guarantee the accuracy and timeliness of such information.
Principal also agrees that, for operational and monitoring purposes, the Processor may provide Ticketmaster with processing and settlement reports related to sales of Tickets using TM Charge.
In connection with Principal’s sales of Tickets utilizing electronic payments and authorized via TM Charge using either Visa or MasterCard, Ticketmaster’s credit card processor (“Processor”) shall deduct the merchant fees in an amount set forth on Exhibit A for transactions processed on a daily basis.
Ticketmaster shall transmit data relating to Ticket sales made by Principal using TM Charge to Ticketmaster’s credit card processor, provided Ticketmaster has received Principal’s merchant number(s) and other necessary information for Ticketmaster to use for the transmission of sales data.
In the event that Ticketmaster elects to use a different Processor, Principal shall enter into an agreement with such new Processor if Principal desires to continue utilizing TM Charge, it being acknowledged and agreed by Principal, however, that use of certain Software (e.g., AccountManager) may require utilization of TM Charge.