Reconciliation of Transactions Sample Clauses

Reconciliation of Transactions. Merchant shall reconcile each settled Transaction within fifteen (15) days after the date on which such Transaction is submitted to Bank for payment, and shall notify Bank and ISO immediately of any discrepancies or errors Merchant notes as a result of such reconciliation. Neither Bank nor ISO shall have any responsibility or liability for Transaction-related errors or omissions that are brought to their attention more than thirty (30) days after the date on which the Transaction to which such error or omission relates is first presented to Bank for settlement.
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Reconciliation of Transactions. (a) Transactions will be settled on a daily basis. MAS shall deliver payment to Xxxxxxxx as soon thereafter as practicable by a credit to the Deposit Account equal to the reconciled summary of the Transactions since the previous credit. This credit will be reduced, if necessary, by: (i) the sum of all Cardholder charges denied or refused; (ii) all refunds processed on account of Cardholders during the time period; (iii) the fees and charges, including Chargebacks, Merchant owes MAS hereunder; (iv) all taxes, penalties, charges and other items incurred by MAS that are reimbursable pursuant to this Agreement; and (v) all applicable rates, fees and charges described on the Addendum; (b) At least once per month, MAS shall provide Merchant with a statement (the “Merchant Statement”). All information appearing on the Merchant Statement shall be deemed accurate and affirmed by Merchant unless Merchant objects by written notice specifying the particular item in dispute within 30 days of the date of the Merchant Statement. MAS shall not have any responsibility or liability for Transaction-related errors or omissions that are brought to its attention after the stated thirty-day period.
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Reconciliation of Transactions. The Merchant shall reconcile each settled Transaction within 15 (fifteen) days after the date on which such Transaction is submitted to PAYSTRAX for payment and shall notify PAYSTRAX and the ISO immediately of any discrepancies or errors the Merchant notes as a result of such reconciliation. Neither PAYSTRAX nor the ISO shall have any responsibility or liability for Transaction-related errors or omissions that are brought to their attention more than 30 (thirty) days after the date on which the Transaction to which such error or omission relates is first presented to PAYSTRAX for settlement.
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Reconciliation of Transactions. (a) Transactions will be settled on a daily basis. MAS shall deliver payment to Merchant as soon thereafter as practicable by a credit to the Deposit Account equal to the reconciled summary of the Transactions since the previous credit. This credit will be reduced, if necessary, by: (i) the sum of all Cardholder charges denied or refused; (ii) all refunds processed on account of Cardholders during the time period; (iii) the fees and charges, including Chargebacks, Merchant owes MAS hereunder; (iv) all taxes, penalties, charges and other items incurred by MAS that are reimbursable pursuant to this Agreement; and (v) all applicable rates, fees and charges described on the Addendum; (b) At least once per month, MAS shall provide Merchant with a statement (the “Merchant Statement”). All information appearing on the Merchant Statement shall be deemed accurate and affirmed by Merchant unless Merchant objects by written notice specifying the particular item in dispute within 30 days of the date of the Merchant Statement. MAS shall not have any responsibility or liability for Transaction-related errors or omissions that are brought to its attention after the stated thirty-day period. (c) Any credits to the Deposit Account are provisional only and subject to revocation by MAS until such time that the Transaction is final and no longer subject to Chargeback by the Card Issuer or Cardholder. MAS may withhold payment for a Transaction to Merchant, for any reason, until such time as the Transaction has been verified as legitimate by the relevant Card Issuer or MAS receives adequate supporting documentation from Merchant to authenticate the Transaction and mitigate a Chargeback.
Sample 1
Reconciliation of Transactions. (a) Transactions will be settled on a daily basis. (b) At least once per month, Bank shall provide Merchant with a statement (the “Merchant Statement”). All information appearing on the Merchant Statement shall be deemed accurate and affirmed by Merchant unless Merchant objects by written notice specifying the particular item in dispute within 30 days of the date of the Merchant Statement. Bank shall not have any responsibility or liability for Transaction-related errors or omissions that are brought to its attention after the stated thirty-day period. (c) Any credits to the Operating Account are provisional only and subject to revocation by Bank until such time that the Transaction is final and no longer subject to Chargeback by the Card Issuer or Cardholder. Bank may withhold payment for a Transaction to Merchant, for any reason, until such time as the Transaction has been verified as legitimate by the relevant Card Issuer or Bank receives adequate supporting documentation from Merchant to authenticate the Transaction and mitigate a Chargeback.
Sample 1
Reconciliation of Transactions. 13.1 The Merchant shall reconcile each settled Transaction into the Merchant Account within thirty (30) days after the date on which such Transaction is submitted to ConnectPay for payment, and shall notify the ConnectPay immediately of any discrepancies or errors the Merchant notes as a result of such reconciliation. ConnectPay shall not have any responsibility or liability for Transaction-related errors or omissions that are brought to its attention more than thirty (30) days after the date on which the Transaction to which such error or omission relates is first presented to ConnectPay for settlement.
Sample 1
Reconciliation of Transactions. The Merchant shall reconcile each settled Transaction within fifteen (15) days after the date on which such Transaction is submitted to KORTA for payment, and shall notify KORTA and the ISO immediately of any discrepancies or errors the Merchant notes as a result of such reconciliation. Neither KORTA nor the ISO shall have any responsibility or liability for Transaction-related errors or omissions that are brought to their attention more than thirty (30) days after the date on which the Transaction to which such error or omission relates is first presented to KORTA for settlement.
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Reconciliation of Transactions 
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Related to Reconciliation of Transactions

  • Execution of Transactions (a) In executing transactions for the Assets, selecting brokers or dealers and negotiating any brokerage commission rates, the Sub-Adviser will use its best efforts to seek best execution. In assessing best execution available for any portfolio transaction, the Sub-Adviser will consider all factors it deems relevant including, but not limited to, the breadth of the market in the security, the price of the security, the financial condition and execution capability of the broker or dealer and the reasonableness of any commission for the specific transaction and for transactions executed through the broker or dealer in the aggregate. In selecting brokers or dealers to execute a particular transaction and in evaluating the best overall terms available, to the extent that the execution and price offered by more than one broker or dealer are comparable the Sub-Adviser may consider any brokerage and research services (as those terms are defined in Section 28(e) of the Securities Exchange Act of 1934) provided to the Sub-Adviser or to CSAM for use on behalf of the Fund or other clients of the Sub-Adviser or CSAM. (b) It is understood that the services of the Sub-Adviser are not exclusive, and nothing in this Agreement shall prevent the Sub-Adviser from providing similar services to other investment companies or from engaging in other activities, provided that those activities do not adversely affect the ability of the Sub-Adviser to perform its services under this Agreement. The Fund and CSAM further understand and acknowledge that the persons employed by the Sub-Adviser to assist in the performance of its duties under this Agreement will not devote their full time to that service. Nothing contained in this Agreement will be deemed to limit or restrict the right of the Sub-Adviser or any affiliate of the Sub-Adviser to engage in and devote time and attention to other businesses or to render services of whatever kind or nature, provided that doing so does not adversely affect the ability of the Sub-Adviser to perform its services under this Agreement. (c) On occasions when the Sub-Adviser deems the purchase or sale of a security to be in the best interest of the Fund as well as of other investment advisory clients of the Sub-Adviser, the Sub-Adviser may, to the extent permitted by applicable laws and regulations, but shall not be obligated to, aggregate the securities to be so sold or purchased with those of its other clients. In such event, allocation of the securities so purchased or sold, as well as the expenses incurred in the transaction, will be made by the Sub-Adviser in a manner that is fair and equitable, in the judgment of the Sub-Adviser, in the exercise of its fiduciary obligations to the Fund and to such other clients. The Fund recognizes that the effect of the aggregation may operate on some occasions to the Fund's advantage or disadvantage. The Sub-Adviser shall provide to CSAM and the Fund all information reasonably requested by CSAM and the Fund relating to the decisions made by the Sub-Adviser regarding allocation of securities purchased or sold, as well as the expenses incurred in a transaction, among the Fund and the Sub-Adviser's other investment advisory clients. (d) In connection with the purchase and sale of securities for the Fund, the Sub-Adviser will provide such information as may be reasonably necessary to enable the custodian and co-administrators to perform their administrative and recordkeeping responsibilities with respect to the Fund.

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