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Common use of Loss or Corruption of Transaction Data Clause in Contracts

Loss or Corruption of Transaction Data. (a) Acquirer and BlueSnap will not in any circumstances be liable in respect of the face value of any Transaction Data, or (other than if due to their own negligence or fraud) the costs of reconstituting such data, or for any other loss or damage arising on any loss or corruption of Transaction Data. (b) If any loss or damage to the physical medium containing any Transaction Data occurs and is agreed, or shown to be due to BlueSnap’s negligence, BlueSnap will reimburse Merchant the replacement value of the lost or damaged medium (c) If any loss or corruption of Transaction Data of whatever nature arises as a result of an act or omission by Merchant or any agent or sub-contractor engaged by Xxxxxxxx, then Merchant shall be jointly and severally liable under this Clause 10(D).

Appears in 3 contracts

Samples: Merchant Terms & Conditions, Merchant Terms & Conditions, Merchant Terms & Conditions

Loss or Corruption of Transaction Data. (a) Acquirer and BlueSnap will not in any circumstances be liable in respect of the face value of any Transaction Data, or (other than if due to their own negligence or fraud) the costs of reconstituting such data, or for any other loss or damage arising on any loss or corruption of Transaction Data. (b) If any loss or damage to the physical medium containing any Transaction Data occurs and is agreed, or shown to be due to BlueSnap’s negligence, BlueSnap will reimburse Merchant the replacement value of the lost or damaged medium (c) If any loss or corruption of Transaction Data of whatever nature arises as a result of an act or omission by Merchant or any agent or sub-contractor engaged by Xxxxxxxx, then Merchant shall be jointly and severally liable under this Clause 10(D10(d).

Appears in 2 contracts

Samples: Merchant Terms & Conditions, Merchant Terms & Conditions