Additional Terms on Debits and Credits Sample Clauses

Additional Terms on Debits and Credits. You acknowledge and agree that MasterCard may (i) in accordance with the MasterCard RPPS Documentation, credit and debit your Account in respect of your participation in MasterCard RPPS; and (ii) further debit your Account (a) for funds due from you to another MasterCard RPPS participant or MasterCard in connection with a transaction processed through MasterCard RPPS, including funds credited to your Account in error, (b) for funds due to MasterCard for fees or penalties due under the MasterCard RPPS Documentation, and (c) to unwind transactions previously settled to your Account through MasterCard RPPS if the participant that sent the previously settled transaction has not funded the transaction and, as determined by MasterCard, is unable or unwilling to fund the transaction. You shall cooperate in effecting such transaction unwinding. MasterCard may, without prior notice to you, setoff, appropriate, and apply any funds otherwise due to you against any amounts in respect of reversals or unwinding of transactions settled to you by MasterCard through MasterCard RPPS, and you waive the right to interpose any setoff, counterclaim, or cross claim you may have with respect to another participant in MasterCard RPPS in connection therewith. If appropriate, any debits or credits may include the cost of funds due to MasterCard, you, or another participant, calculated as set forth in the Settlement Manual.
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