Credit Card Processor definition

Credit Card Processor means any servicing or processing agent or any factor or financial intermediary who facilitates, services, processes or manages the credit authorization, billing transfer and/or payment procedures with respect to any Borrower’s sales transactions involving credit card or debit card purchases by customers using credit cards or debit cards issued by any Credit Card Issuer.

Credit Card Processor means any servicing or processing agent or any factor or financial intermediary who facilitates, services, processes or manages the credit authorization, billing transfer and/or payment procedures with respect to any Borrower’s or Guarantor’s sales transactions involving credit card or debit card purchases by customers using credit cards or debit cards issued by any Credit Card Issuer.

Credit Card Processor means any Person that acts as a credit card clearinghouse or processor with respect to any sales transactions involving credit card purchases by customers using credit cards issued by any Credit Card Issuer.

Examples of Credit Card Processor in a sentence

• It is possible that certain Chargebacks incurred by the Debtors immediately prior to the Petition Date may not have been fully netted out against the Credit Card Processor Payments received by the Debtors prior to the Petition Date.

• In such circumstances, to the extent that the netting of the parties’ obligations would not constitute recoupment, the Debtors seek the Court’s approval to allow the Credit Card Companies to setoff Chargebacks against Credit Card Processor Payments pursuant to section 362(d) of the Bankruptcy Code.

• Pursuant to the terms of the Debtors’ agreements and relationships with the Credit Card Processor, the Debtors are required to pay certain fees for credit card processing services (collectively, the “Processing Fees”).

• Modification to Merchant’s merchant information maintained by SHIFT4 that relate to any particular Credit Card Processor or MSP cannot be made on weekends due the unavailability of those entities.

• No credit, discount, allowance or extension or agreement for any of the foregoing shall be granted to any account debtor, Credit Card Issuer or Credit Card Processor except in the ordinary course of a Borrower’s business in accordance with the current practices of such Borrower as in effect on the date hereof.

More Definitions of Credit Card Processor

Credit Card Processor any of the credit card processors or clearinghouses listed on Schedule 1.1(c), and any other credit card processor or clearinghouse reasonably acceptable to the Administrative Agent.

Credit Card Processor means any Person (other than a Loan Party or any Affiliate of any Loan Party) who issues or whose members or Affiliates issue credit or debit cards, including MasterCard or VISA bank credit or debit cards or other bank credit or debit cards issued through MasterCard International, Inc., Visa, U.S.A., Inc. or Visa International and American Express, Discover, Diners Club and Xxxxx Xxxxxxx.

Credit Card Processor means a company that provides computer processing and communication services to supply connectivity to the various card associations and banks for authorization and settlement of credit card transactions. SHIFT4 is considered a Processor (if the capability is requested) to American Express, and for SHIFT4’s own gift card product, It’s Your Card. Shift4 is also considered a Processor for those merchants who enter into a Merchant Transaction Processing Agreement with Shift4 Payments, LLC.

Credit Card Processor means any of the credit card processors or clearinghouses listed on Schedule 1.01(H) (as attached hereto by the Borrower as of the Closing Date) and any other credit card processor or clearinghouse identified by the Borrower to the Administrative Agent from time to time.

Credit Card Processor the organization that has contracted with an acquiring bank to process transactions on behalf of NT. All credit card payments are processed through UAB Simplex Payment Services (Simplex).

Credit Card Processor any servicing or processing agent or any factor or financial intermediary who facilitates, services, processes or manages the credit authorization, billing transfer and/or payment procedures with respect to any Obligor’s sales transactions involving credit card or debit card purchases by customers using credit cards or debit cards issued by any Credit Card Issuer. CWA: the Clean Water Act (33 U.S.C. §§ 1251 et seq.).

Credit Card Processor means any servicing or processing agent or any factor or financial intermediary who facilitates, services, processes or manages the credit authorization, billing transfer and/or payment procedures with respect to any Loan Party’s sales transactions involving credit card or debit card purchases by customers using credit cards or debit cards issued by any Credit Card Issuer; provided that no such agent or intermediary shall be deemed to be a Credit Card Processor to the extent its facilitation, services, processes or management of transactions (i) are used by a Loan Party for business innovation and development purposes, (ii) are not material to the business of the Borrower and its Subsidiaries, and (iii) involve cash held by or on behalf of all such agents and intermediaries outside of Blocked Accounts that, together with all other Excluded Cash set forth in Section 6.13(c) hereof, does not exceed $10,000,000 in the aggregate at any time.