Common use of Charge Backs Clause in Contracts

Charge Backs. Subject to the Merchant complying with clauses 5.1 and 7.1.5 of this Agreement, and subject to anything contained in any separate contract, arrangement or understanding between the Merchant and an Acquirer as to the validity of a Transaction or the authority of that Acquirer to decline, reverse or charge back a Transaction, the Bank will not be entitled to charge back a Valid Transaction to the Merchant.

Charge Backs. Subject to the Merchant complying with clauses 5.1 5.1, 7.5, 7.6, and 7.1.5 7.7 of this Agreement, and subject to anything contained in any separate contract, arrangement or understanding between the Merchant and an Acquirer as to the validity of a Transaction or the authority of that Acquirer to decline, reverse or charge back a Transaction, the Bank will not be entitled to charge back a Valid Transaction to the Merchant.