WITHHOLDING OF MERCHANT PAYMENTS Sample Clauses

WITHHOLDING OF MERCHANT PAYMENTS a. If there are reasonable grounds to suspect that a Transaction conducted has been conducted in breach of this Agreement or as a fraudulent transaction, against the Facility Providers/ SIB or any Customer, the Facility Providers/ SIB shall be entitled to suspend / withhold the payments, pending enquiries by the Facility Providers/ SIB and resolution of such issues. b. In the event of termination of this Agreement, taking into consideration the track record in terms of incidences of Chargeback during the tenure of the Agreement and/or the circumstances of termination of the Agreement, SIB may be entitled to withhold from out of the amounts payable to the Merchant in terms of this Agreement to facilitate the settlement and resolution of any Chargeback related issues arising out of any transactions done under this Agreement. c. These amounts shall be withheld for such period as may be then prevailing in respect of the time-period allowed to Customers for initiating a Chargeback under the Card Organization guidelines.
Sample 1
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WITHHOLDING OF MERCHANT PAYMENTS a. If there are reasonable grounds to suspect that a Transaction conducted has been conducted in breach of this Terms and Conditions or as a fraudulent transaction, against the Facility Providers/ Worldline or any Customer, the Facility Providers/ Worldline shall be entitled to suspend / withhold the payments, pending enquiries by the Facility Providers/ Worldline and resolution of such issues. b. In the event of termination of this Terms and Conditions, taking into consideration the track record in terms of incidences of Chargeback during the tenure of the Terms and Conditions and/or the circumstances of termination of the Terms and Conditions, Worldline may be entitled to withhold from out of the amounts payable to the Merchant in terms of this Terms and Conditions to facilitate the settlement and resolution of any Chargeback related issues arising out of any transactions done under this Terms and Conditions. c. These amounts shall be withheld for such period as may be then prevailing in respect of the time-period allowed to Customers for initiating a Chargeback under the Card Organization guidelines. d. Notwithstanding anything contained herein, Worldline shall not be obliged to process any request for charge on a Valid Card which is incomplete or incorrect in any respect. Where Worldline has reason to believe that any charges / debits have been fraudulently incurred or (hereinafter referred to as a “Suspect Charge”), Worldline shall be, at all times, entitled to withhold or reverse such Authorization, pending enquiries . Upon accepting a charge as a Valid Charge, Worldline shall confirm to the Merchant the Authorization number of the transfer instruction of the Customer. The Merchants shall display the status of authorization information to the Customer. e. Worldline shall be, in relation to a Transaction, entitled at any time to refuse payment hereunder to the Merchant or if payment has been made to the Merchant, to debit the Merchant’s account or to seek immediate reimbursement from the Merchant towards the amounts paid, notwithstanding any Authorization given by Worldline to the Merchant if: i. any Transaction entered into by Xxxxxxxx is reported as fraudulent, unlawful or unenforceable; ii. information provided by the Merchant to Worldline in respect of the Transaction is not received in accordance with Worldline’s requirements; iii. a Chargeslip is generated outside the Premises;
Sample 1

Related to WITHHOLDING OF MERCHANT PAYMENTS

  • Withholding of Payments Notwithstanding anything to the contrary herein, the Grantee acknowledges that payments due under this Contract may be withheld or permanently suspended, in whole or in part, if Grantee fails to comply with any federal or state law, administrative rule, or regulation applicable to the services provided herein, or if Grantee fails to perform its duties and responsibilities in accordance with the terms and conditions of this Contract.

  • Withholding of Taxes The Company may withhold from any amounts payable under this Agreement all federal, state, city or other taxes as the Company is required to withhold pursuant to any applicable law, regulation or ruling.

  • Withholding of Payment City reserves the right to withhold, in whole or in part, payment for any and all work that: (i) has not been completed by Contractor; (ii) is inadequate or defective and has not been remedied or resolved in a manner satisfactory to the City Project Manager; or (iii) which fails to comply with any term, condition, or other requirement under this Agreement. Any payment withheld shall be released and remitted to Contractor within THIRTY (30) calendar days of the Contractor’s remedy or resolution of the inadequacy or defect.

  • Withholding of Tax The Company shall have the power and the right to deduct or withhold, or require the Participant to remit to the Company, an amount sufficient to satisfy any federal, state, local and foreign taxes of any kind (including, but not limited to, the Participant’s FICA and SDI obligations) which the Company, in its sole discretion, deems necessary to be withheld or remitted to comply with the Code and/or any other applicable law, rule or regulation with respect to the Restricted Stock and, if the Participant fails to do so, the Company may otherwise refuse to issue or transfer any shares of Common Stock otherwise required to be issued pursuant to this Agreement. Any minimum statutorily required withholding obligation with regard to the Participant may be satisfied by reducing the amount of cash or shares of Common Stock otherwise deliverable to the Participant hereunder.

  • Withholding Requirements In the event that any jurisdiction imposes any withholding or other tax on any payment made by Xxxxxxx Mac (or its agent, the Exchange Administrator, or any other person potentially required to withhold) with respect to a Note, Xxxxxxx Mac (or its agent, the Exchange Administrator, or such other person) will deduct the amount required to be withheld from such payment, and Xxxxxxx Mac (or its agent, the Exchange Administrator, or such other person) will not be required to pay additional interest or other amounts, or redeem or repay the Notes prior to the Maturity Date, as a result.

  • Xxx Withholding Notwithstanding any other provision of this Agreement, the Company may withhold from amounts payable under this Agreement all federal, state, local and foreign taxes that are required to be withheld by applicable laws or regulations.

  • Deductions and Withholdings All amounts payable or which become payable hereunder shall be subject to all deductions and withholding required by law.

  • Deductions and Withholding The Executive agrees that the Company or its subsidiaries or affiliates, as applicable, shall withhold from any and all compensation paid to and required to be paid to the Executive pursuant to this Agreement, all Federal, state, local and/or other taxes which the Company determines are required to be withheld in accordance with applicable statutes or regulations from time to time in effect and all amounts required to be deducted in respect of the Executive’s coverage under applicable employee benefit plans. For purposes of this Agreement and calculations hereunder, all such deductions and withholdings shall be deemed to have been paid to and received by the Executive.

  • Withholding Payments The State reserves the right to withhold payment of the Engineer's billing statement in the event of any of the following: (1) If a dispute over the work or costs thereof is not resolved within a thirty day period; (2) pending verification of satisfactory work performed; (3) the Engineer becomes a delinquent obligor as set forth in Section 231.006 of the Family Code; (4) required reports are not received; or (5) the State Comptroller of Public Accounts will not issue a warrant to the Engineer. In the event that payment is withheld, the State shall notify the Engineer and give a remedy that would allow the State to release the payment.

  • Withholding, Etc The payment of any Salary and bonus hereunder shall be subject to applicable withholding and payroll taxes, and such other deductions as may be required by law or the Company's employee benefit plans.

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