Ownership of Merchants Sample Clauses

Ownership of Merchants. The parties understand and agree that all right, title and interest in all merchant agreements is vested in International Bancard, processor and sponsoring banks.
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Ownership of Merchants. As between CardEvo and Associate, CardEvo has full and exclusive ownership rights in all Merchant Agreements and all information relating to Merchants. CardEvo may have the right to cause the Vendor to assign Vendor’s rights in all or any of the Merchant Agreements to any third party at any time and for any reason, in accordance with CardEvo’s agreement with the Vendor and CardEvo may dispose of its right to receive compensation in respect of some or all Merchants. If CardEvo disposes of some or all of its rights in respect of Merchants, CardEvo shall, at its discretion: (a) require the purchaser thereof to pay to the Associate all Residuals payable hereunder; and/or (b) pay Associate a single lump sum payment equivalent to the fair market value of the Associate’s rights under this Agreement, as determined by CardEvo in its sole discretion, without consent or notice from or to Associate. In the event that Associate receives an offer to purchase its Residuals, Associate shall not have the right to consummate any such offer prior to providing CardEvo with a written copy of any offer so received by Associate and giving CardEvo a first right of refusal to purchase said residuals and related accounts. Such fair market value shall be between eight (8) to (24) times the monthly Residuals paid hereunder with a purchase price to be payable in two payments as follows: sixty percent (60%) of the purchase price shall be payable on closing of the transaction and forty percent (40%) of the purchase price shall be payable at the expiration of an eighteen (18) month warranty period OR one hundred percent (100%) upfront in the sole discretion of CardEvo. Following completion of (a) or (b), CardEvo shall not be itself obliged to pay any additional residuals or other compensation to Associate hereunder. CardEvo also has the right to change or terminate its sponsorship with Vendor and enter sponsorship with another Vendor at any time and without the consent of Associate.
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Ownership of Merchants. The parties understand and agree that all right, title and interest in all Cash Advance Agreements is owned by Reliable Fast Cash. All right, title and interest in agreements entered into with Merchants for Other Services and the Merchant Program are owned by Reliable Fast Cash and shall only apply the Merchant’s Processing Business if the ISO presents the Merchant’s Processing Business to be placed by Reliable Fast Cash.
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Ownership of Merchants. The parties understand and agree that all right, title and interest in all Merchant Agreements is owned by COMPANY. Merchants may not be moved to a third-party processor.
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Ownership of Merchants. The parties understand and agree that all right, title and interest in all Merchant Agreements is owned by DTI.
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Related to Ownership of Merchants

  • Ownership of Company Shares The Shareholder is the record and/or “beneficial owner” (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended, which meaning will apply for all purposes of this Agreement) of the number of outstanding Company Shares set forth in the recitals to this Agreement. Also set forth in the recitals to this Agreement is the number of Company Shares issuable upon the exercise of the Options. The Shareholder holds the requisite power to vote the number of Company Shares set forth in the recitals to this Agreement.

  • Ownership of Company Stock None of the Investor nor any of its controlled Affiliates owns any capital stock or other equity or equity-linked securities of the Company.

  • Ownership of Marks Each party acknowledges and agrees that (a) the other party's Marks are and shall remain the sole property of the other party, (b) nothing in the Agreement shall confer in a party any right of ownership or license rights in the other party's Marks, and (c) neither party shall register the other party's Marks in any jurisdiction. In addition, Licensee acknowledges and agrees that (i) the Marks of Third-Party Licensors are and shall remain the sole property of such Third- Party Licensors, (ii) nothing in the Agreement shall confer in Licensee any right of ownership or license rights in the Marks of Third-Party Licensors, and (iii) Licensee shall not register the Marks of Third-Party Licensors. Without limiting the generality of the foregoing, Licensee agrees not to use or adopt any trade name, trademark, logo or service mark which is so similar to Fannie Mae's Marks or the Marks of Third-Party Licensors as to be likely to cause deception or confusion, or which is graphically or phonetically similar to any of Fannie Mae's Marks or the Marks of Third-Party Licensors.

  • Ownership of Merger Sub; No Prior Activities (a) Merger Sub was formed solely for the purpose of engaging in the transactions contemplated by this Agreement. (b) Except for obligations or liabilities incurred in connection with its incorporation or organization and the transactions contemplated by this Agreement, Merger Sub has not and will not prior to the Closing Date have incurred, directly or indirectly, through any Subsidiary or affiliate, any obligations or liabilities or engaged in any business activities of any type or kind whatsoever or entered into any agreements or arrangements with any Person.

  • Ownership of the Company At all times while this Parent Guarantee Agreement is in effect and while any of the obligations of the Parent Guarantor hereunder remain outstanding, one hundred percent (100%) of the outstanding capital stock of the Company shall be owned by the Parent Guarantor.

  • Ownership of Products It is understood and agreed that all products provided under this Agreement shall become the property of the County upon acceptance by the County.

  • Ownership of Seller Credit Acceptance is the sole owner of the membership interests of the Seller, all of which are fully paid and nonassessable and owned of record, free and clear of all mortgages, assignments, pledges, security interests, warrants, options and rights to purchase.

  • Ownership of Materials All reports, documents or other materials developed or received by Consultant or any other person engaged directly by Consultant to perform the services required hereunder shall be and remain the property of City without restriction or limitation upon their use.

  • Ownership of Material Copyright in the pages and in the screens displaying the pages, and in the information and material therein and in their arrangement, is owned by Profinium and/or its Service Providers unless otherwise indicated. All registered and unregistered trademarks used in the Service are the sole property of their respective owners. Unauthorized reproduction in whole or part is prohibited.

  • Ownership of Software The Parties acknowledge that any software provided by the Authority is and remains the property of the Authority.

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