Visa(R) definition
Examples of Visa(R) in a sentence
Customer may request WCMA Loans by use of WCMA Checks, FTS, Visa(R) charges, wire transfers, or such other means of access to the WCMA Line of Credit as may be permitted by MLBFS from time to time; it being understood that so long as the WCMA Line of Credit shall be in effect, any charge or debit to the WCMA Account which but for the WCMA Line of Credit would under the terms of the WCMA Agreement result in an overdraft, shall be deemed a request by Customer for a WCMA Loan.
Customer may request such WCMA Loans by use of WCMA Checks, FTS, Visa(R) charges, wire transfers, or such other means of access to the WCMA Line of Credit as may be permitted by MLBFS from time to time; it being understood that so long as the WCMA Line of Credit shall be in effect, any charge or debit to the WCMA Account which but for the WCMA Line of Credit would under the terms of the WCMA Agreement result in an overdraft, shall be deemed a request by Customer for a WCMA Loan.
The assets of the Certificate Trust include, among other things, certain amounts due (the "Receivables") on a portfolio of Visa(R) and MasterCard(R) revolving credit card accounts owned by the Bank (the "Accounts").
Customer may request Subsequent WCMA Loans by use of WCMA Checks, FTS, Visa(R) charges, wire transfers, or such other means of access to the WCMA Line of Credit as may be permitted by MLBFS from time to time; it being understood that so long as the WCMA Line of Credit shall be in effect, any charge or debit to the WCMA Account which but for the WCMA Line of Credit would under the terms of the WCMA Agreement result in an overdraft, shall be deemed a request by Customer for a Subsequent WCMA Loan.
As provided in Section 6.2 hereof, for the purpose of determining when or whether an event took place, the interchange date as specified by Visa(R) or MasterCard(R) shall be determinative.
Seller shall retain all right, title and interest in claims against or payments from merchants in respect of amounts that were charged back through Visa(R) or MasterCard(R) by Seller prior to the Closing Date or will be charged back after the Closing Date in each case in respect to which Seller had credited the affected Account Receivable prior to the Closing Date (the "Chargeback Amount").
Seller is responsible for any and all fees in connection with the Accounts Receivable related to the period prior to the Closing Date, including fees, normal operating assessments or penalties and other charges imposed by MasterCard(R) or Visa(R).
The Seller is and has been licensed to participate in the programs offered by Visa(R) and by MasterCard(R) to the full extent necessary to generate the Accounts Receivable.
Purchaser shall have all right, title and interest in all claims against or payment from merchants in respect of all amounts in connection with the Accounts that are charged back through the systems of Visa(R) or Mastercard(R) after the Closing Date and in respect to which the affected Account had not been credited prior to the Closing Date, and in the event that any such payment is received by Seller, such amount shall be promptly paid by Seller to Purchaser.
The Seller is licensed to participate in the programs offered by Visa(R) and by MasterCard(R) to the full extent necessary to satisfy the terms of this Agreement and the Cardholder Agreements.