Common use of VAR Costs Clause in Contracts

VAR Costs. For the purpose of calculating Net FX Margin and Planet Payment Revenue, any charges payable by Planet Payment or Acquirer for processing of Transactions to any VAR whose systems are certified to, or which otherwise submits Transactions to Planet Payment for the purposes of the Acquirer Program shall be borne by the parties in the proportions in which they share Net FX Margin (or such other proportions as maybe agreed), subject to prior agreement of * Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. both parties as set forth in an Addendum to this Agreement to be entered into at the time. The relevant proportion of VAR Transaction based payments so allocated shall be reimbursed to the party, which incurred them at the same time as Revenue Shares are paid hereunder.