Common use of CREDIT VOUCHERS Clause in Contracts

CREDIT VOUCHERS. Merchant will not make a refund or adjustment for a Charge in cash (except when required by law), but will deliver to Bank a Credit Voucher for a refund or adjustment to the Cardholder Account within three (3) days of the refund or adjustment and deliver to the Cardholder a copy of the Credit Voucher at the time the refund or adjustment is made. Merchant will include the refund date and amount and a brief description of the refund or adjustment on the Credit Voucher in sufficient detail to identify the Card used and original Charge. The amount of the Credit Voucher must not exceed the amount of the original Charge except for any amount which Merchant agrees to reimburse the Cardholder for return postage. Merchant may not deliver a Credit Voucher to Bank for any refund or adjustment of a purchase not originating as a Charge with the same Cardholder requesting the refund or adjustment, a Charge not made with Merchant, or a Charge not originally processed by Bank. Merchant will not complete a Credit Voucher for a card issued to it or its employees except for a valid refund of a Charge originating with Merchant. Merchant may not receive money from a Cardholder and subsequently deliver to Bank a Credit Voucher to make a deposit to the account of the Cardholder. Bank may delay processing Credit Vouchers on any day to the extent they exceed the total of valid Charges presented on that day and the balance in the Settlement Account available to cover the Credit Vouchers, until the sum of valid Charges and the balance in the Settlement Account is sufficient to cover the Credit Vouchers

CREDIT VOUCHERS. Merchant will not make a refund or adjustment Adjustment for a Charge in cash (except when required by law), but will deliver to Bank a Credit Voucher for a refund or adjustment Adjustment to the Cardholder Account within three (3) days of the refund or adjustment Adjustment and deliver to the Cardholder a copy of the Credit Voucher at the time the refund or adjustment Adjustment is made. Merchant will include the refund date and amount date, amount, and a brief description of the refund or adjustment Adjustment on the Credit Voucher in sufficient detail to identify the Card used and original Charge. The amount of the Credit Voucher must not exceed the amount of the original Charge except for any amount which that Merchant agrees to reimburse the Cardholder for return postage. Merchant may not deliver a Credit Voucher to Bank for any refund or adjustment Adjustment of a purchase not originating as a Charge with the same Cardholder requesting the refund or adjustmentAdjustment, a Charge not made with Merchant, or a Charge not originally processed by Bank. Merchant will not complete a Credit Voucher for a card Card issued to it it, its Principals, or its employees except for a valid refund of a Charge originating with Merchant. Merchant may not receive money from a Cardholder and subsequently deliver to Bank a Credit Voucher to make a deposit to the account of the Cardholder. Bank may delay processing Credit Vouchers on any day to the extent they exceed the total of valid Charges presented on that day and the balance in the Settlement Account available to cover the Credit Vouchers, Vouchers until the sum of valid Charges and the balance in the Settlement Account is sufficient to cover the Credit Vouchers.