Common use of Chargebacks, fines, fees, penalties Clause in Contracts

Chargebacks, fines, fees, penalties. If the Acquirer Merchant does not pay any chargebacks, fines, fees, or penalties due with respect to any DCC Transaction, any such amount shall be borne solely by Acquirer unless any such chargeback, fine, fee, or penalty resulted from any error or omission by Planet Payments, Planet Payment’s Platform, or Planet Payments Processing Services, in which case, it shall be borne solely by Planet Payment and Planet Payment shall promptly pay any such amount in full to GPPC for the benefit of Acquirer or, at GPPC’s option, GPPC shall have the right to deduct any such amounts due from the Planet Payment Revenue due hereunder.

Chargebacks, fines, fees, penalties. If the Acquirer Merchant does not pay any chargebacks, fines, fees, or penalties due with respect to any DCC Transaction, any such amount shall be borne solely by the Acquirer unless any such chargeback, fine, fee, or penalty resulted from any error or omission by Planet Payments, Planet Payment’s Platform, or Planet Payments Processing Services, in which case, it shall be borne solely by Planet Payment and Planet Payment shall promptly pay any such amount in full to GPPC for the benefit of Acquirer or, at GPPCAcquirer’s option, GPPC Acquirer shall have the right to deduct any such amounts due from the Planet Payment Revenue due hereunder.