Transaction Acceptance Sample Clauses
Transaction Acceptance. The Company will only accept and submit transactions where:
(a) the transaction represents a genuine sale of the Company’s goods or services to the Cardholder;
(b) the transaction is not materially different than the transactions the Company has described to First Data with regard to the products or services sold, the procedures for payments acceptance, or the fulfilment of obligations to the Cardholder;
(c) the transaction complies with all requirements of the applicable Network Rules and Industry Regulations, the laws of all relevant jurisdictions, and all other requirements of this Agreement;
(d) the transaction is not a duplicate of any other transaction;
(e) the transaction is authorised by the rightful Cardholder for the amount of the transaction in satisfaction of the Cardholder’s obligation to the Company;
(f) the transaction is in payment of goods or services provided simultaneously with the payment transaction (except for delayed delivery, advance deposit, or other partial transactions specifically allowed under the Network Rules and Industry Regulations and explicitly authorised by First Data in writing);
(g) the transaction is not a refinancing of an existing obligation;
(h) the transaction is valid, collectible, and is not subject to any dispute, setoff, or counterclaim; and
(i) in the case of a refund, the transaction is submitted to reimburse the Cardholder for a sale transaction that was previously submitted.
Transaction Acceptance. The Company will only accept and submit transactions where:
a. The transaction represents a genuine sale of the Company’s goods or services to the Cardholder;
b. The transaction is not materially different than the transactions the Company has described to Fiserv with regard to the products or services sold, the procedures for payments acceptance or the fulfilment of obligations to the Cardholder;
c. The transaction complies with all requirements of the applicable Network Rules and Industry Regulations, the laws of all relevant jurisdictions, and all other requirements of this Agreement;
d. The transaction is not a duplicate of any other transaction;
e. The transaction is authorised by the rightful Cardholder for the amount of the transaction in satisfaction of the Cardholder’s obligation to the Company;
f. The transaction is in payment of goods or services provided simultaneously with the payment transaction (except for delayed delivery, advance deposit or other partial transactions specifically allowed under the Network Rules and Industry Regulations and explicitly authorised by Fiserv in writing);
g. The transaction is not a refinancing of an existing obligation;
h. The transaction is valid, collectible and is not subject to any dispute, setoff or counterclaim; and
i. In the case of a refund, the transaction is submitted to reimburse the Cardholder for a sale transaction that was previously submitted.
Transaction Acceptance. Company will only accept and submit transactions where:
(1) the transaction represents a genuine sale of Company's goods or services to the Cardholder;
(2) the transaction is not materially different than the transactions Company has described to First Data with regard to the products or services sold, the procedures for payments acceptance, or the fulfillment of obligations to the Cardholder;
(3) the transaction complies with all requirements of the applicable Network Rules, the laws of all relevant jurisdictions, and all other requirements of this Agreement;
(4) the transaction is not a duplicate of any other transaction;
(5) the transaction is authorized by the rightful Cardholder for the amount of the transaction in satisfaction of the Cardholder's obligations to Company;
(6) the transaction is in payment of goods or services provided simultaneously with the payment transaction (except for delayed delivery, advance deposit, or other partial transactions specifically allowed under the Network Rules and explicitly authorized by First Data in writing);
(7) the transaction is not a refinancing of an existing obligation;
(8) the transaction is valid, collectible, and is not subject to any dispute, setoff, or counterclaim; and
(9) in the case of a refund, the transaction is submitted to reimburse the Cardholder for a sale transaction that was previously submitted. Company represents and warrants that each transaction that it submits will comply with this Section.
Transaction Acceptance. The Merchant will only accept and submit transactions where:
a. The transaction represents a genuine sale of the Merchant’s goods or services to the Cardholder;
b. The transaction is not materially different than the transactions the Merchant has described to Fiserv with regard to the products or services sold, the procedures for payments acceptance or the fulfilment of obligations to the Cardholder;
c. The transaction complies with all requirements of the applicable Network Rules and Industry Regulations, the laws of all relevant jurisdictions, and all other requirements of this Agreement;
d. The transaction is not a duplicate of any other transaction;
e. The transaction is authorised by the rightful Cardholder for the amount of the transaction in satisfaction of the Cardholder’s obligation to the Merchant;
f. The transaction is in payment of goods or services provided simultaneously with the payment transaction (except for delayed delivery, advance deposit or other partial transactions specifically allowed under the Network Rules and Industry Regulations and explicitly authorised by Fiserv in writing);
g. The transaction is not a refinancing of an existing obligation;
h. The Merchant has conducted proper checks to ensure that there is valid and legal use of the card being used and Merchant has no wilful knowledge of any suspicious, improper or illegal circumstances surrounding the card and the transaction.
i. The transaction is valid, collectible and is not subject to any dispute, set-off or counterclaim; and
j. In the case of a refund, the transaction is submitted to reimburse the Cardholder for a sale transactionthat was previously submitted.
Transaction Acceptance. For every transaction listed in the document entitled that is scheduled to be delivered in the set of deliverables being tested:
1. From a workflow perspective, the transaction must work as specified in the detailed workflow specifications (Exhibit 3-A, Task #3, Exhibit 6-C and its accompanying spreadsheet entitled SampleTransactionDetail.xls).
2. From a data-processing perspective, for a set of inputs, whether hand-entered or downloaded from a third-party system, the transaction must process the data as specified in the detailed workflow specifications (Exhibit 3-A, Task #3, Exhibit 6-C and its accompanying spreadsheet entitled SampleTransactionDetail.xls ). For implementing these tests, we propose to: · Use a set of test scenarios that utilize EVERY transaction in the release to test the system from the workflow and data-processing perspectives. · Use a sample of 100 existing insureds extracted from the POINT database, and apply ALL of the transactions associated with these insureds to the pilot implementation to confirm that transactions are functioning as specified.
Transaction Acceptance. The Company or the Agent may, upon notice to the other such party by either email (with receipt confirmed by telephone or appropriate, non-automated email) or telephone (confirmed promptly by e-mail), suspend or terminate the offering of the Shares pursuant to Agency Transactions for any reason; provided, however, that such suspension or termination shall not affect or impair the parties’ respective obligations with respect to the Shares sold hereunder prior to the giving of such notice or their respective obligations under any Terms Agreement. Notwithstanding the foregoing, if the terms of any Agency Transaction contemplate that Shares shall be sold on more than one Purchase Date, then the Company and the Agent shall mutually agree to such additional terms and conditions as they deem reasonably necessary in respect of such multiple Purchase Dates, and such additional terms and conditions shall be set forth in or confirmed by, as the case may be, the relevant Transaction Acceptance and be binding to the same extent as any other terms contained therein.