Waiver; Limitations on Waiver. Upon Merchant’s successful validation of compliance with the PCI DSS under the PCI Program, Processor agrees to waive Merchant’s liability to Processor, up to $50,000, for the following fees and costs incurred as a result of a verified compromise of cardholder data that are otherwise Merchant’s liability under this Agreement: (1) fees and costs associated with a required forensic audit conducted by an approved Qualified Incident Response Assessor (QIRA); (2) fines or assessments levied by a Card Organization as a result of the required forensic audit; and (3) fees and costs associated with the production and distribution of replacement credit cards for compromised card numbers (the “Waiver”). The Waiver provided under this subsection C. is also subject to the following:
Appears in 7 contracts
Samples: These Merchant Processing Agreement, These Merchant Processing Agreement, These Merchant Processing Agreement
