Common use of Reservation Service Clause in Contracts

Reservation Service. If Merchant provides lodging (hotel, motel, resort or inn) or car rentals only for “Specialized Vehicles” (a unique class of vehicle not in the Merchant’s main rental fleet and not constituting more than five percent (5%) of Merchant’s rental fleet), Merchant may use certain Card types specified by Bank to guarantee a reservation by obtaining the name of Cardholder, the Card account number and expiration date and by completing the following procedures:

Appears in 3 contracts

Samples: Clearing and Settlement Services Agreement (Transfirst Holdings Corp.), Clearing and Settlement Services Agreement (Transfirst Holdings Corp.), Clearing and Settlement Services Agreement (TransFirst Inc.)

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Reservation Service. If Merchant provides lodging (hotel, motel, resort or inn) or car rentals only for “Specialized Vehicles” (e.g., a unique class of vehicle not in the Merchant’s main rental fleet and not constituting more than five percent (5%) of Merchant’s rental fleet), Merchant may use certain Card types specified by Bank to guarantee a reservation by obtaining the name of Cardholder, the Card account number and expiration date date, and the Cardholder’s address if written confirmation is requested, and by completing the following procedures:

Appears in 2 contracts

Samples: Merchant Card Processing Agreement, Merchant Card Processing Agreement

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