Chargeback Losses definition

Chargeback Losses means, with respect to any period of determination, Merchant Chargebacks or other Merchant-related losses and liabilities, however denominated (including any fees relating thereto) exceeding designated Merchant reserves for such Merchant during such period, thereby resulting in a cash transaction loss to any Payment Subsidiary.

Chargeback Losses shall have the meaning ascribed thereto in Section 5.8.

Chargeback Losses means, with respect to any fiscal period, the losses incurred by the Parent on a Consolidated Basis arising from transactions processed during such period.

Examples of Chargeback Losses in a sentence

• Company shall be responsible as between WFB and Company for performing all obligations under, and bearing all Chargeback Losses.

• Without limiting the generality of Section 3.3, PayPal agrees that Chargeback Losses which result from Chargebacks with respect to PayPal Transactions will be assumed by and are for the account of PayPal.

• Company shall indemnify and hold harmless WFB for all Chargeback Losses for which Company, its Contracted Parties or any of its Service Providers is responsible under this Agreement.

• PayPal will reimburse Xxxxx Fargo Bank for the amount of any such Chargeback Losses, and Xxxxx Fargo Bank is entitled to deduct such Chargeback Losses from the PayPal Operating Account when received.

• Upon termination, Xxxxx Fargo Bank shall continue to be authorized to deduct any Chargeback Losses and associated fees from the reserve held in the PayPal Reserve Account.

• The procedure described in this Section 5.8 for Chargeback Losses shall also be followed for such credit and fraud risks as well as any Payment Company fines or penalties.

• StateSubmission%20to%20Legislature.pdf DIS ABILIT Y RIGHT S SOUTH CAR OLINA g.

• If the Chargeback Losses exceed the Company Compensation, then WFB shall notify Company, and Company shall deliver to WFB cash in an amount equal to the difference between the Chargeback Losses and the Company Compensation (“Chargeback Shortfall”).

More Definitions of Chargeback Losses

Chargeback Losses means with respect to JetPay, JetPay, LLC and Seller, as applicable, all chargeback losses incurred in connection with the Direct Air Matter.

Chargeback Losses means, with respect to any period of determination, Merchant Chargebacks or other Merchant-related losses and liabilities, however denominated (including any fees relating thereto) exceeding designated Merchant reserves for such Merchant during such period, thereby resulting in a cash transaction loss to any Payment Subsidiary. “Chargebacks” means, with respect to any period of determination, all losses and liabilities, however denominated (including any fees relating thereto), arising out of the reversal of each sales transaction processed by a Processor and/or a Payment Subsidiary under the Merchant Agreements during such period, which reversal results in the Approved Bank Card System transferring to (if applicable, a Processor, for further transfer to) any Payment Subsidiary, for further transfer by such Payment Subsidiary to the applicable Merchant, the financial liability with respect to such sales transactions. “Claims” as defined in Section 10.23. “Closing Date” means the date of this Agreement. “Closing Date Certificate” means a Closing Date Certificate substantially in the form of Exhibit E-1. “Collateral” means, collectively, all of the real, personal and mixed property (including Capital Stock) in which Liens are granted or purported to be granted pursuant to the Collateral Documents as security for the Obligations. “Collateral Agent” as defined in the preamble hereto. “Collateral Documents” means the Pledge and Security Agreement, the Parent Pledge Agreement, the TWG Pledge Agreement, the Wilshire Pledge Agreement, the Mortgages,

Chargeback Losses means all Losses from (i) Chargebacks, (ii) Merchant Losses, and (iii) any associated fines and fees as a result of Chargebacks or Merchant Losses.