Common use of No Liability for Losses Clause in Contracts

No Liability for Losses. CUSTOMER shall bear all risk of loss, without warranty or recourse to PROCESSOR for the face amount of any transaction submitted to PROCESSOR and any fees or other amounts due PROCESSOR associated with any transaction (including PROCESSOR’s actual costs and expenses). CUSTOMER agrees that PROCESSOR is not guaranteeing any consumer sales transactions. It is further agreed that PROCESSOR has no liability for any loses that CUSTOMER may incur as the result of a consumer sales transaction that has been authorized by CUSTOMER using PROCESSOR. It is also agreed that PROCESSOR has no liability for any losses that CUSTOMER may incur as a result of any failure of equipment.

No Liability for Losses. CUSTOMER shall bear all risk of loss, without warranty or recourse to PROCESSOR for the face amount of any transaction submitted to PROCESSOR and any fees or other amounts due PROCESSOR associated with any transaction (including PROCESSOR’s actual costs and expenses). CUSTOMER agrees that PROCESSOR is not guaranteeing any consumer sales transactions. It is further agreed that PROCESSOR has no liability for any loses that CUSTOMER may incur as the result of a consumer sales transaction transactio n that has been authorized by CUSTOMER using PROCESSOR. It is also agreed that PROCESSOR has no liability for any losses that CUSTOMER may incur as a result of any failure of equipment.