PURCHASE AUTHORIZATION PROCEDURES Sample Clauses
The "Purchase Authorization Procedures" clause defines the process and requirements for obtaining approval before making purchases on behalf of an organization. Typically, this clause outlines who has the authority to approve purchases, the documentation needed, and any thresholds or limits that trigger additional review or higher-level authorization. For example, purchases over a certain dollar amount may require management or board approval, while routine expenses can be authorized by department heads. The core function of this clause is to ensure that all expenditures are properly vetted and authorized, thereby preventing unauthorized spending and maintaining financial control within the organization.
PURCHASE AUTHORIZATION PROCEDURES. Retailers agree that all purchase authorizations shall be obtained in accordance with the Operating Procedures. ARTICLE V
PURCHASE AUTHORIZATION PROCEDURES. Retailers shall obtain authorizations for all Private Label Retailer Purchases, Co-brand Retailer Purchases and Cross-Shopping Purchases in accordance with the Operating Procedures. Without otherwise limiting the foregoing, Bank and Retailers acknowledge and agree that so long as Visa USA, Inc. is the Network for the Program (or until such time as the parties and the Network otherwise agree), authorizations for Co-brand Retailer Purchases and Cross-Shopping Purchases involving Co-brand Credit Cards shall be routed through the Network’s “Visa Net” system to Bank and back through such system to Retailers, but such authorizations shall not be routed through Network interchange. A diagram setting forth the foregoing is set forth in Schedule 4.03. Each of Bank and Retailers shall take such actions and do such things as are necessary or desirable to implement such authorization system, including system connectivity and coding changes. As of the Effective Date, the foregoing authorization structure shall be applied to the entities participating in the Program pursuant to Section 13.02, other than Gap Canada (the transaction data for which, until subsequently agreed to by the parties, shall be processed through the Network). For each entity participating in the Program pursuant to Section 13.02 after the Effective Date, it is the intention of the parties that the Visa Net authorization structure shall apply, subject to (i) the provisions of clauses (x) and (y) of Section 13.02 and (ii) Retailers’ rights set forth in Sections 2.06 and 2.07.
PURCHASE AUTHORIZATION PROCEDURES. 14 Section 3.9
PURCHASE AUTHORIZATION PROCEDURES. (a) Filene's Basement must complete a Charge Slip. The Account number must be printed or written on the Charge Slip. If such Cardholder does not have his/her Credit Card,
PURCHASE AUTHORIZATION PROCEDURES. Each Company agrees as follows with respect to each Purchase by an Account Holder:
a. It must complete an Invoice. The Account number must be printed or written on the Invoice.
b. It must have the CommerciaLine Customer sign the Invoice, once all other purchase information is filled in as requested.
c. It must obtain authorization through the existing POS Network for all Purchases and record the authorization code on the Invoice. For authorizations during any time that the POS Network is not in operation, the Companies must call MWCC (or its affiliate, if an affiliate is appointed to administer the processing Program) for an authorization code.