Common use of Merchant Category Clause in Contracts

Merchant Category. Merchant may not accept Card payments for products and/or services delivered to Cardholder that are not directly applicable to the Merchant Category Code (MCC) entered on the Merchant Application, for which Merchant was approved. Should Merchant’s MCC change after execution of this Agreement, Merchant shall not submit, deposit or process any Transactions until receiving Bank’s and NMS’s written approval of MCC change. Merchant understands that accepting payments for goods and/or services not directly relating to the approved MCC will result in termination of this Agreement.

Appears in 5 contracts

Samples: Merchant Processing Agreement Terms and Conditions, Merchant Processing Agreement Terms and Conditions, Merchant Processing Agreement Terms and Conditions

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Merchant Category. Merchant may not accept Card payments for products and/or services delivered to Cardholder that are not directly applicable to the Merchant Category Code (MCC) entered on the Merchant Application, for which Merchant was approved. Should Merchant’s MCC change after execution of this Agreement, Merchant shall not submit, deposit or process any Transactions until receiving Bank’s and NMS’s written approval of MCC change. Merchant understands that accepting payments for goods and/or services not directly relating to the approved MCC will result in termination of this Agreement.

Appears in 4 contracts

Samples: Merchant Processing Agreement Terms and Conditions, Merchant Processing Agreement, Merchant Processing Agreement

Merchant Category. Merchant may not accept Card payments for products and/or services delivered to Cardholder that are not directly applicable to the Merchant Category Code (MCC) entered on the Merchant Application, for which Merchant was approved. Should Merchant’s MCC change after execution of this Agreement, Merchant shall not submit, deposit or process any Transactions until receiving Bank’s and NMSService Provider’s written approval of MCC change. Merchant understands that accepting payments for goods and/or services not directly relating to the approved MCC will result in termination of this Agreement.

Appears in 4 contracts

Samples: Merchant Processing Agreement Terms and Conditions, Merchant Processing Agreement Terms and Conditions, Merchant Processing Agreement Terms and Conditions

Merchant Category. Merchant may not accept Card payments for products and/or services delivered to Cardholder that are not directly applicable to the Merchant Category Code (MCC) entered on the Merchant Application, for which Merchant was approved. Should Merchant’s MCC change after execution of this Agreement, Merchant shall not submit, deposit or process any Transactions until receiving Bank’s and NMSService Provider’s written approval of MCC change. Merchant understands that accepting payments for goods and/or services not directly relating to the approved MCC will result in termination of this Agreement.

Appears in 3 contracts

Samples: Merchant Processing Agreement Terms and Conditions, Merchant Processing Agreement Terms and Conditions, Merchant Agreement

Merchant Category. Merchant may not accept Card payments for products and/or or services delivered to Cardholder that are not directly applicable to the Merchant Category Code (MCC) entered on the Merchant Application, Application for which Merchant was approved. Should Merchant’s MCC change after execution the Effective Date of this Agreement, Merchant shall not submit, deposit deposit, or process any Transactions until receiving Bank’s and NMS’s written approval of an MCC change. Merchant understands that accepting payments for goods and/or services not directly relating to the approved MCC will may result in termination of this Agreement.

Appears in 3 contracts

Samples: Merchant Processing Agreement, Merchant Processing Agreement, Merchant Processing Agreement

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Merchant Category. Merchant may not accept Card payments for products and/or or services delivered to Cardholder that are not directly applicable to the Merchant Category Code (MCC) entered on the Merchant Application, Application for which Merchant was approved. Should Merchant’s MCC change after execution the Effective Date of this Agreement, Merchant shall not submit, deposit deposit, or process any Transactions until receiving Bank’s and NMS’s prior written approval of an MCC change. Merchant understands that accepting payments for goods and/or services not directly relating to the approved MCC will may result in termination of this Agreement.

Appears in 3 contracts

Samples: Merchant Processing Agreement Terms and Conditions, Merchant Processing Agreement, Merchant Processing Agreement

Merchant Category. Merchant may not accept Card payments for products and/or services delivered to Cardholder that are not directly applicable to the Merchant Category Code (MCC) entered on the Merchant Application, for which Merchant was approved. Should Merchant’s MCC change after execution of this Agreement, Merchant shall not submit, deposit deposit, or process any Transactions until receiving Bank’s and NMSISO’s written approval of MCC change. Merchant understands that accepting payments for goods and/or services not directly relating to the approved MCC will result in termination of this Agreement.

Appears in 1 contract

Samples: Merchant Processing Agreement

Merchant Category. Merchant may not accept Card payments for products and/or or services delivered to Cardholder that are not directly applicable to the Merchant Category Code (MCC) entered on the Merchant Application, Application for which Merchant was approved. Should Merchant’s MCC change after execution the Effective Date of this Agreement, Merchant shall not submit, deposit deposit, or process any Transactions until receiving Bank’s and NMS’s pr i or written approval of an MCC change. Merchant understands that accepting payments for goods and/or services not directly relating to the approved MCC will may result in termination of this Agreement.

Appears in 1 contract

Samples: Merchant Processing Agreement

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