Common use of Re-presentments Clause in Contracts

Re-presentments. Following charge back procedures, Servicer shall review and make a commercially reasonable decision with respect to any Transaction that is re-presented by a merchant in an effort to recover funds charged back from the Bank. Servicer shall provide Bank activity reports that detail all signature based re-presentments submitted, the dispositioning of each such re-presentment and, for cases where re-presentment was allowed, the reason for such allowed re-presentment. These reports shall be provided to Bank on each day for which signature based re-presentment activity occurs. Servicer shall provide Bank daily status reports of all signature based and PIN based re- presentment activity if and when requested by Bank.

Re-presentments. Following charge back procedures, Servicer shall review and make a commercially reasonable decision with respect to any Transaction transaction that is re-presented represented by a merchant in an effort to recover funds charged back from the Bank. Servicer shall provide Bank activity reports that detail all signature based re-presentments submitted, the dispositioning of each such re-presentment and, for cases where re-presentment was allowed, the reason for such allowed re-presentment. These reports shall be provided to Bank on each day for which signature based re-presentment activity occurs. Servicer shall provide Bank daily status reports of all signature based and PIN based re- presentment activity if and when requested by Bank.