Payment Card Split Method. Under the Payment Card Split Method, Merchant shall exclusively use a single Approved Card Processor (defined below) to process all payments made by credit, debit, and other payment cards for Merchant’s goods and services. Merchant shall instruct such Approved Card Processor to remit each week to Purchaser the Specified Percentage of the Future Receipts for that week, and to remit the balance (less any fees charged by the Approved Card Processor) to Merchant.
Appears in 10 contracts
Samples: Agreement of Sale of Future Receivables (Sky Quarry Inc.), Agreement of Sale of Future Receipts (Sky Quarry Inc.), Agreement of Sale of Future Receipts (Sky Quarry Inc.)
Payment Card Split Method. Under the Payment Card Split Method, Merchant shall exclusively use a single Approved Card Processor (defined below) to process all payments made by credit, debit, and other payment cards for Merchant’s 's goods and services. Merchant shall instruct such Approved Card Processor to remit each week to Purchaser the Specified Percentage of the Future Receipts for that week, and to remit the balance (less any fees charged by the Approved Card Processor) to Merchant.
Appears in 5 contracts
Samples: Agreement of Sale of Future Receipts (Enservco Corp), Agreement of Sale of Future Receivables (Sky Quarry Inc.), Agreement of Sale of Future Receivables (Sky Quarry Inc.)
Payment Card Split Method. Under the Payment Card Split Method, Merchant shall exclusively use a single Approved Card Processor (defined below) to process all payments made by credit, debit, and other payment cards for Merchant’s goods and services. Merchant shall instruct such Approved Card Processor to remit each week weekly to Purchaser the Specified Percentage of the Future Receipts for that week, and to remit the balance (less any fees charged by the Approved Card Processor) to Merchant.
Appears in 1 contract
Samples: Agreement of Sale of Future Receipts (Clearday, Inc.)
