Common use of Seller Acknowledgments Clause in Contracts

Seller Acknowledgments. Seller acknowledges and agrees to the following: 1. it shall be solely responsible for determining the disposition of funds held by Seller in connection with an Account to be Sold that is a Secured Account; 2. if the Accounts to be Sold are branded as “MasterCard” accounts, they will be converted to Visa-branded accounts as of the Conversion Date; 3. it shall be solely responsible for costs incurred with its current third party processor (if any) due to trailing transactions that apply to any Account to be Sold following the Conversion Date; 4. it shall obtain a deconversion date from Seller’s third party processor no later than twenty (20) Business Days from the Closing Date, which date must be approved by Purchaser; and 5. it shall be solely responsible for any deconversion fees or other fees or charges assessed to Seller by any third party providing servicing, rewards program administration, or other services for the Accounts to be Sold.

Seller Acknowledgments. Seller acknowledges and agrees to the following: 1. it shall be solely responsible for determining the disposition of funds held by Seller in connection with an Account to be Sold that is a Secured Account; 2. if the Accounts to be Sold are branded as “MasterCard” accounts, they will continue to be converted to Visa-branded accounts MasterCard as of the Conversion Date; 3. it shall be solely responsible for costs incurred with its current third party processor (if any) due to trailing transactions that apply to any Account to be Sold following the Conversion Date; 4. it shall obtain a deconversion date from Seller’s third party processor no later than twenty (20) Business Days from the Closing Date, which date must be approved by Purchaser; and 5. it shall be solely responsible for any deconversion fees or other fees or charges assessed to Seller by any third party providing servicing, rewards program administration, or other services for the Accounts to be Sold.

Seller Acknowledgments. Seller acknowledges and agrees to the following: 1. : it shall be solely responsible for determining the disposition of funds held by Seller in connection with an Account to be Sold that is a Secured Account; 2. ; if the Accounts to be Sold are branded as “"MasterCard” " accounts, they will be converted to Visa-branded accounts as of the Conversion Date; 3. ; it shall be solely responsible for costs incurred with its current third party processor (if any) due to trailing transactions that apply to any Account to be Sold following the Conversion Date; 4. ; it shall obtain a deconversion date from Seller’s third party processor no later than twenty (20) Business Days from the Closing Date, which date must be approved by Purchaser; and 5. and it shall be solely responsible for any deconversion fees or other fees or charges assessed to Seller by any third party providing servicing, rewards program administration, or other services for the Accounts to be Sold.