Kwivrr’s Role Sample Clauses

Kwivrr’s Role. For the avoidance of doubt, Kwivrr does not and will not provide banking, deposit taking, stored value, insurance or any other financial services to an Organizer other than, for Organizers who elect KPP, serving as a limited payments agent as set forth below. To provide the KPP Service, Kwivrr utilizes third party gateways, payment processors, merchant acquirers and/or merchant acquiring banks with which we have relationships (collectively, "Payment Processing Partners") and both Organizers and Kwivrr are subject to the rules and regulations of such Payment Processing Partners. Additionally, in certain instances, for you to participate in the KPP Service, you must have entered into a separate agreement with our Payment Processing Partner (the “Payment Processor Agreement”). For convenience, Kwivrr shows you a balance of proceeds for your events in your Kwivrr account, however, that balance merely reflects the amount of Event Registration Fees collected by our Payment Processing Partners (KPP), and in the case of KPP, represents only a general unsecured claim against Kwivrr and not a store of value or a deposit/current account.
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Related to Kwivrr’s Role

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  • Switching and Tagging Rules Each Party shall provide the other Parties a copy of its switching and tagging rules that are applicable to the other Parties’ activities. Such switching and tagging rules shall be developed on a non-discriminatory basis. The Parties shall comply with applicable switching and tagging rules, as amended from time to time, in obtaining clearances for work or for switching operations on equipment.

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