Full Recourse definition

Full Recourse means the right of the Company to recover against all of the assets of the Optionee in the event of a default by the Optionee with respect to the Note.
Full Recourse means Our right to obtain payment from You for the full amount of each Charge subject to such right.
Full Recourse means those Purchased Accounts for which FGI has not given Credit Approval, for which Credit Approval has been withdrawn or revoked or with respect to which FGI is not responsible under Section 2.

Examples of Full Recourse in a sentence

  • If American Express classifies you in the Telecommunications industry, notwithstanding anything to the contrary in the Agreement, American Express may place you in one or more of the following Chargeback programs: Partial Immediate Chargeback Program for an amount of $50 or less; or Fraud Full Recourse Program.

  • Company bears the credit risk, unless a Full Recourse Agreement or other form of recourse or guaranty is executed by Dealer.

  • There are certain industry categories and transaction types which American Express considers to be high fraud risk in relation to which We may place You in a fraud Full Recourse program (as described in Schedule A, section (3) (3.5) above) for any Charge that We are unable to collect due to fraud.

  • If you fail to obtain such Authorization for the Estimated Rental Charge and submit the Charge, and the Cardmember fails to pay the Charge for any reason, we shall have Full Recourse for the full amount of the Charge.

  • If You fail to obtain such Authorization for the Estimated Rental Charge and submit the Charge, and the Cardmember fails to pay the Charge for any reason, We shall have Full Recourse for the full amount of the Charge.


More Definitions of Full Recourse

Full Recourse means we are entitled to reimbursement from you for the full amount of a Charge. To recover such amounts, we have the right to offset, recoup and deduct the same from payments due to you or from your bank account (if you have an electronic pay arrangement with us), or to invoice you, in which case you agree to pay us within 10 days after your receipt of our invoice. In the United States, we will retain the Discount with regard to Charges for which we exercise our right to Full Recourse and we reserve our right to establish such policy in other areas of the world. We have the right to Full Recourse in the following situations:
Full Recourse means those Purchased Accounts where Factor has not issued Credit Approval and has not accepted or assumed the credit risk of a Purchase Account.
Full Recourse means Mobi right to payment from Merchant for the full amount of the Payment Transaction as set out in these terms and conditions. “GrabPay” or “GrabPay App” means a brand name and a mobile wallet electronic payment service provided by GPay Network (M) Sdn. Bhd. “GrabPay Transaction” means a payment to the Merchant by a Customer through the use of GrabPay for a purchase of goods and/or services.
Full Recourse means those Purchased Accounts for which FGI has not given Credit Approval, for which Credit Approval has been withdrawn or revoked or with respect to which FGI is not responsible under Section 2 of the Agreement.
Full Recourse. Refer to the definition of “Chargeback” in the Merchant Regulations. Marks - names, logos, service marks, trademarks, trade names, taglines, or other proprietary designs or designations. Merchant Number - a unique number American Express assigns to Authorized Users and their Establishment(s). Merchant Regulations - the American Express Merchant Regulations – U.S., which are available at xxx.xxxxxxxxxxxxxxx.xxx/xxxxxxxxxxxxxx and can be accessed by entering your online Merchant Account user ID and password. The Merchant Regulations are attached as Appendix E of this Agreement. Other Payment Products - any charge, credit, debit, stored value, prepaid, or smart cards, account access devices, or other payment cards, services, or products other than the Card. Plural Interface Processing (PIP) – the multiple direct routing process (via an American Express terminal or software) that routes bank card transactions to FSPs and American Express transactions directly to American Express for both authorizations and submission for settlement. Reverse PIP – the multiple direct routing process (via a non-American Express terminal or software) that routes bank card transactions to FSPs and American Express transactions directly to American Express for both authorizations and submission for settlement. Split Dial – the routing process (via a terminal or software) that does not support PIP technology may still have the capability of sending authorization requests directly to American Express, but the settlement submission batch is routed through an FSP, generally meaning that the industry-specific software cannot be accommodated. Subcontractor or subcontractor - means any individual or other legal entity, (including but not limited to sole proprietor, partnership, limited liability company, firm or corporation) who has entered into a contract with Contractor, express or implied, for the performance of a portion of this Agreement, and shall not mean any third party vendor with whom Contractor has entered into an agreement to receive goods and/or services which Contractor utilizes in its regular course of business. This definition shall supersede and replace the definition set forth in Appendix B, Section 2.ii., Definitions. Telephone Orderan order that occurs when Card payment information is taken over the telephone. The definition in the Merchant Regulations you and your is hereby deleted in its entirety and replaced with the following: You and your (sometimes called the ...
Full Recourse. Our right to payment from you of the full amount of the Charge as set out in the terms and conditions of this Agreement. This expression… Means…
Full Recourse means our right to payment from you for the full amount of each Charge subject to such right. We may deduct or set off the amount from any sum payable to you under this Agreement or any other agreement you have with us or otherwise invoice you for such an amount. We will have Full Recourse for a charge if you do not comply with this Agreement, even if we were aware of your non-compliance when we made payment and even if you obtained Authorisation for the Charge in question. We will also have Full Recourse as set out elsewhere in this Agreement.