Cash Advances; Scrip Purchases Sample Clauses

Cash Advances; Scrip Purchases. Merchant may not deposit any Transaction for the purpose of obtaining or providing a cash advance either on Merchant's Card or the Card of any other party and may not accept any Card at a scrip terminal, and either action will be grounds for Servicer’s immediate termination of this Agreement.
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Cash Advances; Scrip Purchases. Merchant may not (i) present to Bank for collection any Transaction for the purpose of obtaining or providing a cash advance either on Merchant's Card or the Card of any other party and (ii) accept any Card at a Scrip terminal. Violation of either clause of this Section is grounds for Bank's immediate termination of this Agreement.
Cash Advances; Scrip Purchases. Merchant may not (i) present to Peoples Trust for collection any Transaction for the purpose of obtaining or providing a cash advance either on Merchant’s Card or the Card of any other party and (ii) accept any Card at a Scrip terminal. Violation of either clause of this Section is grounds for Peoples Trust’s immediate termination of the Merchant Agreement.
Cash Advances; Scrip Purchases. Merchant may not (i) present to Peoples Trust for collection any Transaction for the purpose of obtaining or providing a cash advance either on Merchant’s Card or the Card of any other party and (ii) accept any Card at a Scrip terminal. Violation of either clause of this Section is grounds for Peoples Trust’s immediate termination of the Merchant Agreement. Duplicate Transactions. Merchant may not present to Peoples Trust for collection duplicate Transactions. Peoples Trust may debit Merchant for any duplicate Transaction adjustments and Merchant is liable for any Chargebacks resulting therefrom. Presentment of Fraudulent Transactions. Merchant may not accept or present to Peoples Trust for collection any fraudulent Transaction and may not under any circumstances present for processing or credit, directly or indirectly, Transactions originated with any other merchant or any other source. Merchant may accept only Transactions arising from bona fide purchases from Merchant for the goods and services for which Merchant has been approved under the Merchant Agreement. If Merchant presents to Peoples Trust for collection any prohibited Transaction, Peoples Trust may: (a) immediately terminate the Merchant Agreement; (b) withhold funds and establish a Reserve Account as provided herein; and (c) report Merchant to MATCH (as defined in Section 2.16) file, and any Interac equivalent. Merchant’s employees’ actions are chargeable to Merchant under the Merchant Agreement. Data Security Personal/Cardholder Information. Merchant may not, as a condition of sale, impose a requirement on Cardholders to provide any personal information as a condition for honoring Cards unless such information is required to provide delivery of goods or services or Merchant has reason to believe the identity of the person presenting the Card may be different than that of the Cardholder. Merchant will not, under any circumstances, release, sell or otherwise disclose any Cardholder Information to any person other than Peoples Trust or the applicable Card Association, except as expressly authorized in writing by the Cardholder, or as required by law.
Cash Advances; Scrip Purchases. Merchant may not (i) present to Processor for collection any Transaction for the purpose of obtaining or providing a cash advance either on Merchant’s Card or the Card of any other party and (ii) accept any Card at a Scrip terminal. Violation of either clause of this Section is grounds for Processor’s immediate termination of the Merchant Agreement.
Cash Advances; Scrip Purchases. Merchant may not (i) present to Pivotal for collection any Transaction for the purpose of obtaining or providing a cash advance either on Merchant’s Card or the Card of any other party and (ii) accept any Card at a Scrip terminal. Violation of either clause of this Section is grounds for Pivotal’s immediate termination of the Merchant Agreement.

Related to Cash Advances; Scrip Purchases

  • Loans The Sponsor has agreed to make loans to the Company in the aggregate amount of up to $300,000 (the “Insider Loans”) pursuant to a promissory note substantially in the form annexed as an exhibit to the Registration Statement. The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 or the consummation of the Offering.

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