Common use of PCI Non-Compliance Fee Clause in Contracts

PCI Non-Compliance Fee. In the event that You do not fully and timely comply with the PCI DSS requirements, Processor shall be entitled to impose and collect from You a PCI non-compliance fee in the amount set forth in Section 6 of the Application as the “PCI Non Compliance” fee until such time as You are in full compliance with the PCI requirements. You are required to pay the entire PCI non-compliance fee if you are not in compliance for any period of time during a calendar month.

Appears in 2 contracts

Samples: Merchant Processing Agreement, Merchant Processing Agreement

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PCI Non-Compliance Fee. In the event that You do not fully and timely comply with the PCI DSS requirements, Processor shall be entitled to impose and collect from You a PCI non-compliance non‐compliance fee in the amount set forth in Section 6 of the Application as the “PCI Non ComplianceNon‐Compliance” fee until such time as You are in full compliance with the PCI requirements. You are required to pay the entire PCI non-non‐ compliance fee if you are not in compliance for any period of time during a calendar month.

Appears in 1 contract

Samples: Merchant Processing Agreement

PCI Non-Compliance Fee. In the event that You do not fully and timely comply with the PCI DSS requirements, Processor shall be entitled to impose and collect from You a PCI non-compliance fee in the amount set forth in Section 6 of the Application as the “PCI Non Compliance” fee until such time as You are in full compliance with the PCI requirements. You are required to pay the entire PCI nonPCInon-compliance fee if you are not in compliance for any period of time during a calendar month.

Appears in 1 contract

Samples: Merchant Processing Agreement

PCI Non-Compliance Fee. In the event that You do not fully and timely comply with the PCI DSS requirements, Processor shall be entitled to impose and collect from You a PCI non-compliance fee in the amount set forth in Section 6 of the Application as the “PCI Non Non-Compliance” fee until such time as You are in full compliance with the PCI requirements. You are required to pay the entire PCI non-non- compliance fee if you are not in compliance for any period of time during a calendar month.

Appears in 1 contract

Samples: Merchant Processing Agreement

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PCI Non-Compliance Fee. In the event that You do not fully and timely comply with the PCI DSS requirements, Processor shall be entitled to impose and collect from You a PCI non-compliance fee in the amount set forth in Section 6 of the Application as the “PCI Non Non-Compliance” fee until such time as You are in full compliance with the PCI requirements. You are required to pay the entire PCI non-compliance fee if you are not in compliance for any period of time during a calendar month.non-

Appears in 1 contract

Samples: Merchant Processing Agreement

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