ACCEPTANCE OF CHARGES WITH FULL RECOURSE AND CHARGE BACK Sample Clauses

ACCEPTANCE OF CHARGES WITH FULL RECOURSE AND CHARGE BACK. The Merchant agrees that payment made in respect of any Customer Order, which proves to be uncollectible from the Customer and/or in respect of which the Issuer raises a claim on any of SIB or the Facility Providers shall be the financial responsibility of the Merchant. The Merchant agrees to the non-payment of such Customer Order or the charging back of such uncollectible charge as the case may be without any demur or protest, dispute or delay. The Merchant further agrees, confirms, undertakes and guarantees that the non-payment of such order or the charging back of such uncollectible charge as the case may be, shall be the personal responsibility / liability of all the promoters and directors in their individual capacity if the Merchant is a Limited Company. Without prejudice to the provisions of the aforesaid, the following payments shall be deemed to be uncollectible:
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Related to ACCEPTANCE OF CHARGES WITH FULL RECOURSE AND CHARGE BACK

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