Multiple Transaction Records Sample Clauses
The "Multiple Transaction Records" clause establishes the rules and procedures for documenting and managing more than one transaction between the parties under a single agreement. It typically outlines how each transaction will be recorded, tracked, and referenced, often by assigning unique identifiers or separate schedules for each transaction. This clause ensures that the rights and obligations related to each transaction are clearly delineated, preventing confusion or disputes over which terms apply to which transaction, and thereby facilitates efficient administration of multiple, concurrent dealings.
Multiple Transaction Records. Merchant shall not prepare more than one Sales Draft for a single sale or for a single item and shall include all items or goods and services purchased in a single Transaction in the total amount on a single Sales Draft except: (i) for purchases in separate departments of a multiple department store; (ii) for installment payments; or (iii) for delayed or amended charges governed by the Rules for travel and entertainment merchants and transactions.
Multiple Transaction Records. Partial Consideration. Merchant may not prepare more than one Sales Draft for a single sale or for a single item but will include all items of goods and services purchased in a single Transaction in the total amount on a single Sales Draft except under the following circumstances: (a) for purchases in separate departments of a multiple department store;
Multiple Transaction Records. Partial Consideration. All products and services purchased in a single transaction must be included in one total amount on a Sales Draft or other Purchase record with these exceptions: (i) If the Purchase record and receipt reflects only the portion of the purchase to be paid by means of a Card; (ii) If Merchant individually bills the products or services in separate Purchases to the same Card, in accordance with the acceptance procedures.
Multiple Transaction Records. PARTIAL CONSIDERATION Merchant shall include on one transaction record the entire amount due for each transaction, unless:
(a) The Cardholder pays the balance of the amount due at the time of transaction in cash, or by check; or
(b) All or some goods or services are to be delivered or performed at a later date and Cardholder signs the separate sales drafts, one of which represents a deposit and the second of which represents payments of the balance and the "balance" sales draft is completed only upon delivery of goods or performance of the services. In such case, Merchant agrees:
(i) to note on the sales draft the words "deposit" or "balance", as appropriate; and
(ii) not to present the "balance" sales draft until all goods are delivered or all services are performed.
(c) In accordance with Visa and MasterCard regulations, Merchant shall not divide a single transaction. By way of example only, a single transaction shall not be divided into two (2) or more smaller transactions.