Merchant Business definition

Merchant Business means the business of accepting Card transaction records in documentary or electronic form from merchants in connection with the processing and clearing of such records for settlement and payment to such merchants via a Credit Card Association or Network Organization using the processes and technologies used by the Seller or the Purchaser as of the date of this Agreement.

Merchant Business means the business of Transferor relating to the acceptance of Card transaction records in documentary or electronic form from Merchants in connection with the processing and clearing of such records for settlement and payment to such Merchants under or pursuant to any Merchant Agreement.

Merchant Business has the meaning set forth in the Asset Purchase Agreement.

Examples of Merchant Business in a sentence

• To the extent Merchant derives any rights in the End Customer Database by virtue of it undertaking the Merchant Business the Merchant shall hold such rights in trust for Service Provider and the Merchant shall do and undertake all such acts to exclusively assign such rights in the End Customer Database to the Service Provider.

• To the extent the Merchant derives any rights in the End Customer Database by virtue of it undertaking the Merchant Business the Merchant shall hold such rights in trust for the Service Provider and the Merchant shall do and undertake all such acts to exclusively assign such rights in the End Customer Database to the Service Provider.

• Forward Financing LLC Merchant (Business) Signature X Name: Xxxxx Xxxxx Title: Owner Date: September 4, 2019 Signature: Name: Title: Date: Xxxxxx Xxxxx Chief Executive Officer September 4, 2019 Principal 1 (individually) Signature X Name: Xxxxx Xxxxx Date: September 4, 2019 Principal 2 (individually) Signature X Name: Date: September 4, 2019 FILED: QUEENS COUNTY CLERK 10/23/2020 04:50 PM NYSCEF DOC.

• Except as set forth on Schedule 8(a)(vi), the Merchant Agreements listed on Schedule 8(a)(v)(B) and the Merchant relationships listed on Schedule 8(a)(v)(C) represent all the agreements and Merchant relationships used in that portion of Transferor’s Merchant Business for which the financial results are set forth on Schedule 8(a)(vi).

• Monthly Minimum Statement Fee (per statement) Excessive Chargeback Fee: $ Check Service Set Up: $ Application Fee: $ Internet Monthly Fee: $ Annual License Fee: $ Reprogram Fee (per terminal): $ Discount Assessed: Daily Monthly Additional surcharge for monthly discount % Monthly Debit Access Fee: $ Annual Fee: $ Internet Setup Fee: $ Other Reporting, Chargebacks, Retrieval, and Billing All information will be mailed to the address in the Merchant Business Info section unless otherwise noted.

More Definitions of Merchant Business

Merchant Business means the providing of point-of-sale-based Credit Card, Debit Card and other card-based transaction processing services and electronic payment and settlement services (including the sale or lease of products and services related thereto) relating to the Assets Sold and the Assumed Liabilities to Merchants and Agent Banks, ISOs and other similar customers, but shall specifically exclude any such activity relating to the Excluded Assets.

Merchant Business means the business of the Merchant, initially described in the Merchant Application.

Merchant Business means any services pertaining to negotiation of payment, including but not limited to acceptance of credit card or debit card transaction records in documentary or electronic form from merchants in connection with the processing and clearing of such records for settlement and payment to such merchant as well as ACH transfers, check guarantees, check authorizations, e-commerce payments and services and point of sales systems on both a hardware or software basis.

Merchant Business means, with respect to any Person (or the Elan Entities or the Company, as the context may require), acceptance of FTD transaction records in documentary or electronic form from Merchants in connection with the processing and clearing of such records for settlement in payment to such Merchants, and such other activities as are related to the Merchant Activities conducted or engaged in by such Person (or the Elan Entities or the Company, as the context may require).

Merchant Business means the providing of point of sale based Credit Card, Debit Card and other card-based transaction processing services and electronic payment and settlement services (including the sale or lease of products and services related thereto) relating to the Assets Sold and the Assumed Liabilities to Merchants and other similar customers, but shall specifically exclude any such activity relating to the Excluded Assets.

Merchant Business means acceptance of Credit Card or Debit Card transaction records in documentary or electronic form from Merchants in connection with the processing and clearing of such records for settlement and payment to such Merchants under any Merchant Agreements or Associate Bank Agreements.

Merchant Business means acceptance of Credit Card or Debit Card transaction records in documentary or electronic form from Merchants in connection with the processing and clearing of such records for settlement and payment to such Merchants under any Merchant Agreements or Associate Bank Agreements, as such business is presently conducted by Sellers (it being understood and agreed that the Merchant Business of FUNB being assigned to Purchaser hereunder consists only of the former Merchant Business of CoreStates Bank); provided, however, that Merchant Business shall not include any business relating to Excluded Assets.