Payments; Fees. 6.1 Fees and charges payable by Merchant for the Services shall be as set forth in this Merchant Agreement, the Merchant Application and/or the Fee Schedule Addendum. Merchant is also liable for and agrees to pay any fines imposed on either Clearent or Bank by a Card Brand or Debit Card network resulting from Chargebacks or with respect to Merchant’s acts or omissions. Any amounts due and owing by Merchant under this Merchant Agreement that are not paid when due will incur a late fee equal to the lesser of (i) one and one half percent (11/2 %) per month of the unpaid amount, or (ii) the highest rate allowable by law, in each case compounded monthly.
Appears in 7 contracts
Samples: Merchant Agreement, Merchant Agreement, Merchant Agreement
Payments; Fees. 6.1 Fees and charges payable by Merchant for the Services shall be as set forth in this Merchant Agreement, the Merchant Application and/or the Fee Schedule Addendumaddendum. Merchant Xxxxxxxx is also liable for and agrees to pay any fines imposed on either Clearent or Bank by a any Card Brand or Debit debit Card network resulting from Chargebacks or with respect to MerchantXxxxxxxx’s acts or omissions. Any amounts due and owing by Merchant under this Merchant Agreement that are not paid when due will incur a late fee equal to the lesser of (i) one and one half percent (11/2 1 1/2 %) per month of the unpaid amount, or (ii) the highest rate allowable by law, in each case compounded monthly.
Appears in 3 contracts
Samples: Merchant Agreement, Merchant Agreement, Merchant Agreement
Payments; Fees. 6.1 Fees and charges payable by Merchant for the Services shall be as set forth in this Merchant Agreement, the Merchant Application and/or the Fee Schedule Addendum. Merchant is also liable for and agrees to pay any fines imposed on either Clearent or Bank by a any Card Brand or Debit Card network resulting from Chargebacks or with respect to Merchant’s acts or omissions. Any amounts due and owing by Merchant under this Merchant Agreement that are not paid when due will incur a late fee equal to the lesser of (i) one and one half percent (11/2 %) per month of the unpaid amount, or (ii) the highest rate allowable by law, in each case compounded monthly.
Appears in 1 contract
Samples: Merchant Agreement
Payments; Fees. 6.1 Fees and charges payable by Merchant for the Services shall be as set forth in this Merchant Agreement, the Merchant Application and/or the Fee Schedule Addendumaddendum. Merchant is also liable for and agrees to pay any fines imposed on either Clearent or Bank by a any Card Brand or Debit debit Card network resulting from Chargebacks or with respect to Merchant’s acts or omissions. Any amounts due and owing by Merchant under this Merchant Agreement that are not paid when due will incur a late fee equal to the lesser of (i) one and one half percent (11/2 1 1/2 %) per month of the unpaid amount, or (ii) the highest rate allowable by law, in each case compounded monthly.
Appears in 1 contract
Samples: Merchant Agreement