Excessive Returns Sample Clauses
Excessive Returns. If the total number of B3 Badges returned by End User exceeds 25% of the total number of B3 Badges for which End User has purchased Customer Care Warranty coverage (“Return Limit”), then Vocera reserves the right to charge End User $120 for each returned badge that is in excess of the Return Limit. By way of clarification, the Return Limit does not apply to products covered by the Standard Warranty set forth in Section 1 above.
Excessive Returns. Customer returns related to failure to meet specifications are considered a quality issue for the purposes of this Agreement and will therefore be managed consistent with Sections 15 and 23 of this Agreement
Excessive Returns. Any merchant with more than the defined percentage of returns in a single billing cycle (calendar month), will be assessed an additional fee per returned item. Laws – All international, national, regional and local regulations or laws which are applicable to the services provided herein. NACHA – National Automated Clearing House Association responsible for establishing, revising and enforcing the Operating Rules for the ACH Network. ODFI – Originating Depository Financial Institution is the financial institution that receives ACH Transactions from Merchant through FORTE and then forwards these Transactions (defined below) to the ACH Network. Originator – A Merchant who has contracted with FORTE to initiate ACH entries, on their behalf, to the ACH Network. Payment Association – Any entity governing a payment network, including but not limited to VISA, M/C, Discover, American Express, NACHA, STAR, Pulse. PCI-DSS – System security measures established by the various credit card companies, known as the Payment Card Industry Data Security Standards. RDFI – Receiving Depository Financial Institution is the financial institution that receives the ACH Transactions from the ODFI through the ACH Network and posts these Transactions to the accounts of Receivers (defined below). Receivers –An entity or individual consumer that has an established account with a card issuer or financial institution upon which a Transaction is or may be acted upon. Returned Entries – Any Transaction returned or rejected by FORTE, ODFI or RDFI. Rules – The operational rules, policies and procedures established by each applicable Payment Association to govern all transactions and parties that participate in the associated Transaction Network. Settlement Account – An account established and maintained by Merchant with a financial institution through which the following may occur: (a) deposit of funds for Debit Entries, or (b) the extraction of funds for
Excessive Returns. Returns of a Product that arise from the failure of the Product to meet Product Specifications are considered a quality issue for the purposes of this Agreement and will therefore be managed consistent with Sections 17 and 25 of this Agreement
Excessive Returns. Any merchant with more than the defined percentage of returns in a single billing cycle (calendar month), will be assessed an additional fee per returned item. NACHA – National Automated Clearing House Association responsible for establishing, revising and enforcing the Operating Rules for the ACH Network. ODFI – Originating Depository Financial Institution is the financial institution that receives ACH Transactions from Merchant through Forte and then forwards these Transactions (defined below) to the ACH Network. Originator – A Merchant who has contracted with ▇▇▇▇▇ to initiate ACH entries, on their behalf, to the ACH Network. RDFI – Receiving Depository Financial Institution is the financial institution that receives the ACH Transactions from the ODFI through the ACH Network and posts these Transactions to the accounts of Receivers (defined below). Receivers – An organization or individual consumer that has authorized Merchant to initiate an ACH Transaction to an account they maintain with a financial institution (RDFI). Regulations – All federal, state and local regulations that govern Internet business, consumer information, credit card transactions and Transactions (as defined below), including but not limited to the FCRA, federal Regulation E and Title 31 of the Code of Federal Regulations Part 210, ▇▇▇▇▇-▇▇▇▇▇-▇▇▇▇▇▇ Act, and Driver’s Privacy Protection Act. Returned Entries – Any Transaction returned or rejected by Rules – The Operational Rules established by each applicable Payment Association to govern all transactions and parties that participate in the associated Transaction Network.