Common use of Visa/MasterCard Allocation Clause in Contracts

Visa/MasterCard Allocation. The Signatories agree that, for the purposes of the interpretation, application, coordination, and administration of the Sharing Agreements, certain payment obligations for the purposes of judgment sharing or settlement sharing shall be calculated in accordance with the following provisions:

Appears in 4 contracts

Samples: Omnibus Agreement (Visa Inc.), Omnibus Agreement (Mastercard Inc), Omnibus Agreement (Mastercard Inc)

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