Common use of Transfer of Claims Clause in Contracts

Transfer of Claims. a. Although we may have no obligation to do so, if we credit your Account in relation to your claim against a third party such as a Merchant, you are automatically deemed to have assigned and transferred to us, any rights and claims (excluding tort claims) that you have, had or may have against any third party for an amount equal to the amount we credited to your Account. You hereby give consent in advance to such assignment, without any further notification being required. b. After we credit your Account, you agree not to pursue any claim against or reimbursement from any third party for the amount that we credited to your Account. c. You agree to cooperate with us if we decide to pursue a third party for the amount credited. Cooperation includes signing any documents and providing any information that we require and permitting us to share such information with third parties (including, to the extent permitted by applicable law, your Data). Crediting your Account on any occasion does not obligate us to do so again.

Transfer of Claims. a. Although we may have no obligation to do so, if we credit your Account in relation to your claim against a third party such as a Merchant, you are automatically deemed to have assigned and transferred to us, any rights and claims (excluding tort claims) that you have, had or may have against any third party for an amount equal to the amount we credited to your Account. You hereby give consent in advance to such assignment, without any further notification being required. b. After we credit your Account, you agree not to pursue any claim against or reimbursement from any third party for the amount that we credited to your Account. c. You agree to cooperate with us if we decide to pursue a third party for the amount credited. Cooperation includes signing any documents and providing any information that we require and permitting us to share such information with third parties (including, to the extent permitted by applicable law, your Data)require. Crediting your Account on any occasion does not obligate us to do so again.

Transfer of Claims. a. Although we may have no obligation to do so, if we credit your Account in Accountin relation to your claim against a third party such as a Merchant, you are automatically deemed to have assigned and transferred to us, any rights and rightsand claims (excluding tort claims) that you have, had or may have against any third party for an amount equal to the amount we credited to your Account. You hereby give consent in advance to such assignment, without any further notification being required. b. After we credit your Account, you agree not to pursue any claim against or reimbursement from any third party for the amount that we credited to your Account. c. You agree to cooperate with us if we decide to pursue a third party for the amount credited. Cooperation includes signing any documents and providing any information that we require and permitting us to share such information with third parties (including, to the extent permitted by applicable lawwithout limitation, your Data). Crediting your Account on any occasion does not obligate us to do so again.