Common use of Transaction Networks Clause in Contracts

Transaction Networks. Initially all Transactions transmitted from Acquirer Merchant POS terminals to the Planet Payment Platform shall be transmitted via a network, consisting of network infrastructure, communication links, and interfaces, provided by HSBC. Acquirer shall make (or cause to be made) (if required) such modifications to the network infrastructure, communication links, and interfaces to facilitate the integration between such network infrastructure, communications links and interfaces and the Planet Payment Platform, as necessary for Acquirer to participate in and support the Program. All costs incurred by Acquirer or charged by HSBC in making such modifications and all costs for utilizing the network in connection with the Program shall be accrued to the Program Costs. Planet Payment shall not use such network for any purposes other than the Program, without the prior consent of HSBC. If such network ceases to be available the parties shall explore alternative solutions, which may involve use of third parties’ networks, or a network operated by one of the parties, as the parties may agree at the appropriate time. All incremental costs incurred in utilizing such networks to transmit Transaction data under the Program shall be accrued to the Program Costs and to the extent that it is agreed that one of the parties is to provide the network, the costs payable to such party shall be no more than comparable third party costs.

Transaction Networks. Initially all Transactions transmitted from Acquirer Merchant POS terminals to the Planet Payment Platform shall be transmitted via a network, consisting of network infrastructure, communication links, and interfaces, provided by HSBCMember. Acquirer GPPC shall make (or cause to be made) made (if required) such modifications to the network infrastructure, communication links, and interfaces to facilitate the integration between such network infrastructure, communications links and interfaces and the Planet Payment Platform, as necessary for Acquirer to participate in and support the Program. All costs incurred directly or indirectly by Acquirer GPPC or charged by HSBC Member in making such modifications and all costs for utilizing the network in connection with the Program shall be accrued to the Program Costs. Planet Payment shall not use such network for any purposes other than the Program, without the prior consent of HSBCMember. If such network ceases to be available the parties shall explore alternative solutions, which may involve use of third parties’ networks, or a network operated by one of the parties, as the parties may agree at the appropriate time. All incremental costs incurred in utilizing such networks to transmit Transaction data under the Program shall be accrued to the Program Costs and to the extent that it is agreed that one of the parties is to provide the network, the costs payable to such party shall be no more than comparable third party costs.