Common use of Replacement Terminals Clause in Contracts

Replacement Terminals. If a replacement Terminal is shipped to the Merchant, FIS may contact the Merchant to assist with the replacement process. In good faith at the Merchant’s expense, Merchant is expected to return malfunctioning equipment at the time replacement equipment is ordered. If equipment is not returned within 14 days of replacement order, Merchants’ account will be debited fair value of equipment.

Appears in 3 contracts

Samples: Application and Agreement for Benefits Redemption, Benefits Redemption Agreement, Application and Agreement for Benefits Redemption

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Replacement Terminals. If a replacement Terminal is shipped to the Merchant, FIS may contact the Merchant to assist with the replacement process. In good faith at the Merchant’s expense, Merchant is expected to return malfunctioning equipment at the time replacement equipment is ordered. If equipment malfunctioning Equipment is not returned within 14 days of replacement order, Merchants’ account Settlement Account will be debited fair value of equipment.

Appears in 3 contracts

Samples: Ebt Services Agreement, Ebt Services Agreement, Ebt Benefits Redemption Agreement

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