Chargeback Amount definition

Chargeback Amount means the amount charged back by the Issuer to Paynovate in connection with a Chargeback.

Chargeback Amount shall have the meaning set forth in Section 3.2.

Chargeback Amount means the aggregate amount that the Facility Provider charges Razorpay pursuant to a Chargeback.

Examples of Chargeback Amount in a sentence

• You shall reimburse the Chargeback Amount within seven (7) days of receipt of the debit note.

• The merchant shall pay any Chargeback Amount to Paynovate upon request, as well as any Chargeback to the Purchase Order, and hereby authorizes Paynovate to debit any Chargeback Amount to the merchant Settlement Account of any Chargeback Amounts and to offset any amounts due to the merchant with a Chargeback Amount.

• Subject to availability of funds, Razorpay POS upon receipt of a Chargeback Request shall forthwith deduct Chargeback Amount from the Transaction Amounts which may be used, based on the decision of the Facility Provider, either to a) process Chargeback in favour of the customer or b) credit to You.

• Provided however, if the available Transaction Amounts or other funds are insufficient for deduction of the Chargeback Amount, then Xxxxxxxx POS is entitled to issue a debit note seeking reimbursement of the Chargeback Amount.

• For the avoidance of doubt, Xxxxxxxx POS shall be entitled to deduct the Chargeback Amount upon receiving a Chargeback claim.

• If despite receipt of such demand, MERCHANT fails to reimburse MCC, MERCHANT hereby expressly authorizes MCC to deduct the Chargeback Amount due without need of demand or any further act or deed, against any money, securities and things of value which are now or may hereinafter be in the possession of MCC or any of its subsidiaries and affiliates.

• In the event any such payment with respect to such Chargeback Amount is received by Purchaser, such amount shall be promptly paid to Seller.

• If the foregoing calculations result in a Remittance payable to Seller, Purchaser shall make such payment by check, subject to Purchaser's rights of offset and recoupment, and its right to deduct any Chargeback Amount as set forth in Section 3.2. If the foregoing calculations result in an amount due to Purchaser from Seller, Seller shall make such payment by any one or a combination of the methods set forth in Section 3.2 hereof for chargebacks, as determined by Purchaser in its discretion.

• If the foregoing calculations result in a Remittance payable to Seller, Purchaser shall make such payment, subject to Purchaser's rights of offset and recoupment, and its right to deduct any Chargeback Amount as set forth in Section 3.2. If the foregoing calculations result in an amount due to Purchaser from Seller, Seller shall make such payment by any one or a combination of the methods set forth in Section 3.2 hereof for chargebacks, as determined by Purchaser in its discretion.

• If no sum or payment is due to the MERCHANT that will allow MCC to deduct/set-off the Chargeback Amount, MCC shall seek reimbursement from the MERCHANT of the Chargeback Amount, upon which the MERCHANT shall reimburse MCC immediately upon receipt of a demand.

More Definitions of Chargeback Amount

Chargeback Amount shall have the meaning set forth in Section 3.3.

Chargeback Amount has the meaning set forth in Article 10.

Chargeback Amount has the meaning set forth in the applicable Rate Sheet.

Chargeback Amount means the unpaid amount in respect of (I.E., the amount withheld from the payment of the full invoice amount of) an Excluded Receivable or Historical Receivable;

Chargeback Amount of any Partner as of the end of a Fiscal Year means the greater of (i) the portion of the Partner’s share of any net decrease in Minimum Gain attributable to the disposition during such year of Partnership property subject to any nonrecourse debt of the Partnership and (ii) the deficit balance, if any, in such Partner’s Adjusted Capital Account at the end of such year.