Existing Merchants definition

Existing Merchants shall have the meaning set forth in Section 2.1(c)(i).
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Existing Merchants means those Merchants in the Existing Portfolio which are approved to participate in the Program by SERVICERS pursuant to the terms of this Agreement and whose contract for Transaction processing and settlement services with another Member, merchant account and merchant reserves have been assigned to SERVICERS.
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Existing Merchants means those merchants that are part of the Existing Portfolio that is purchased byTransFirst pursuant to the Merchant Portfolio Purchase Agreement.
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Examples of Existing Merchants in a sentence

  • Transfer of Existing Merchants will commence on the same date when the Period of Cooperation begins.

  • At Bank’s request, Company shall obtain a signed Merchant Agreement, in a form approved by Bank, from such of its Existing Merchants as Bank shall specify and Company shall provide a signed copy thereof to Bank.

  • The reserve accounts, along with the merchant accounts, for such Existing Merchants shall be transferred to SERVICERS upon Conversion.

  • IPAYMENT shall obtain a signed Merchant Processing Agreement from each of its Existing Merchants and shall provide a signed copy thereof to SERVICERS; provided, however, that IPAYMENT is not required to obtain a substitute agreement from any Existing Merchant that currently has in effect a valid and binding Card processing agreement in a form acceptable to SERVICERS in their sole discretion.

  • Revenue from Existing Merchants increased from US$68.6 million in the fourth quarter of 2021 to US$111.4 million.

  • Revenue from Existing Merchants increased from US$87.4 million in the first quarter of 2022 to US$128.3 million.

  • If IPAYMENT is unable to obtain a fully completed Merchant Application from an Existing Merchant, SERVICERS may decline such Merchant and cease providing settlement services under this Agreement (f) The parties acknowledge that certain of the Existing Merchants are Inactive Accounts.

  • U.S. Coast Guard, “Polar Icebreaker,” last modified February 26, 2016, accessed March 21, 2016, at: http://www.uscg.mil/acquisition/icebreaker/default.asp.

  • During the full year 2022, revenue from Existing Merchants increased from US$228.1 million in 2021 to US$401.8 million and the NRR reached 165%, exceeding our internal targets.Revenue from New Merchants was US$7.0 million for the fourth quarter of 2022.

  • While each of these factors presents significant opportunities for our business, they also pose important challenges, some of which are discussed below as well as in the section entitled “Risks Relating to Our Business and Industry” of our AIF, and in our other filings with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission, all of which can be found on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.Growth with our Existing Merchants.


More Definitions of Existing Merchants

Existing Merchants means those merchants that are part of the Existing Portfolio that is purchased by TransFirst pursuant to the Merchant Portfolio Purchase Agreement. "Existing Portfolio" shall have the meaning set forth in Section 4 of this Agreement. "FI Indemnitees" shall have the meaning set forth in Section 2(f) of this Agreement. "Financial Institution Marks" shall have the meaning set forth in Section 3(e) of this Agreement. "Indemnified Contract" shall have the meaning set forth in Section 3(h) of this agreement. "Lead Management System" means the system by which Financial Institution provides to TransFirst (i) daily data feeds of customer contact information related to all new business demand deposit accounts and commercial loan accounts opened with Financial Institution within the previous twenty-four (24) hours of such daily report, and (ii) customer contact information for all branch referrals of merchants interested in Payment Processing Services. "MasterCard" means MasterCard International. "Merchant" means a Referred Merchant, a TransFirst Sourced Merchant or an Existing Merchant. "Merchant Agreement" means a merchant processing agreement, in form and content acceptable to TransFirst, among TransFirst, Merchant Bank and an acceptable merchant or business for the processing through TransFirst of such Merchant’s Card transactions. "Merchant Bank" means a financial institution designated by TransFirst to act as an acquirer of Card transactions pursuant to a Merchant Agreement. "Merchant Portfolio Purchase Agreement" means that certain Merchant Portfolio Purchase Agreement between Financial Institution, TransFirst, and Columbus Bank & Trust Company, a Georgia state banking corporation, dated September 30, 2008. "Net Revenue" means the sum of the revenue paid to TransFirst (or its Merchant Bank) by Merchants (including Existing Merchants) for processing Card transactions, including without limitation recurring discount fees, interchange fees, authorization fees (including American Express and Discover Card), statement fees, and TransLink fees, less (i) all interchange fees, dues, assessments and other charges imposed by Card Associations with respect to the provision of Payment Processing Services to such Merchants and (ii) the authorization, capture and settlement costs related to such fees for such period of time. For the avoidance of doubt, non-recurring, one-time fees and charges are not included in Net Revenue. "Non-Transferable Contract" shall have the meani...
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Related to Existing Merchants

  • Universal Digital Loop Carrier (UDLC means the DLC system that has a CO terminal channel bank that is connected to the CO switches on the analog side.

  • Existing structure means any structure that is installed or approved for installation at the time a wireless services provider or wireless infrastructure provider provides notice to a locality or the Department of an agreement with the owner of the structure to co-locate equipment on that structure. "Existing structure" includes any structure that is currently supporting, designed to support, or capable of supporting the attachment of wireless facilities, including towers, buildings, utility poles, light poles, flag poles, signs, and water towers.

  • Participating Merchant means a Merchant that offers the Online Payment Service as an online payment option on the Merchant’s website.

  • Existing Material means Material developed independently of this Agreement that is incorporated in or supplied as part of Reporting Material or Activity Material.

  • Existing Manager means THR Property Management L.P.

  • existing industrial building means a building used for or in connection with,

  • Existing Management Agreement means that certain management agreement between the Seller and the Existing Manager for the operation and management of the Hotel.

  • New Services Queue Closing Date means each April 30 and October 31 shall be the Queue Closing Date for the New Services Queue comprised of Interconnection Requests, Completed Applications, and Upgrade Requests received during the six-month period ending on such date. “New York ISO” or “NYISO” shall mean the New York Independent System Operator, Inc. or any successor thereto.

  • Existing uses means those uses actually attained in a water body on or after November 28, 1975, whether or not they are included in the water quality standards.

  • Transient merchant means any person who engages in a temporary or itinerant merchandising business and in the course of such business hires, leases or occupies any building or structure whatsoever, or who operates out of a vehicle which is parked anywhere within the City limits. Temporary association with a local merchant, dealer, trader or auctioneer, or conduct of such transient business in connection with, as a part of, or in the name of any local merchant, dealer, trader or auctioneer does not exempt any person from being considered a transient merchant.

  • Motorsport Australia means the Confederation of Australia Motor Sport Ltd. trading as Motorsport Australia;

  • Retail marijuana store means an entity licensed to purchase marijuana from marijuana cultivation facilities and marijuana and marijuana products from marijuana product manufacturing facilities and to sell marijuana and marijuana products to consumers.

  • advertising structure means any screen, fence, wall or other physical structure or object erected to display an advertisement or which is in itself an advertisement or used to display an advertisement.

  • Qualified airport authority means an airport authority

  • Existing Franchise Agreement means that certain franchise license agreement between the Seller and the Franchisor, granting to Seller a franchise to operate the Hotel under the Brand.

  • ABC means ABC, Inc., a New York corporation and a wholly owned Subsidiary of the Borrower, or any successor thereto.

  • South Caucasus/Central and South Asian (SC/CASA) state means Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan, or Uzbekistan.

  • Product Conditions means these product terms and conditions. These Product Conditions apply to each series of cash settled Warrants over single equities;

  • Grocery store means any retail establishment, the business of which consists of the sale of food, food products, or beverages for consumption off the premises.

  • Core Curriculum Content Standards means the New Jersey Student Learning Standards.

  • Existing Facilities means all existing buildings and other facilities, the sites for the buildings or facilities, and furnishings or equipment for the buildings or facilities located on real property acquired by the building authority under the terms of this act.

  • Concurrent Users means the number of users registered in the Software who are able to use the Software functionalities at the same time.

  • Merchant means any corporate entity, person or other establishment, supplying goods and/or services, which a Card Scheme Member Bank has approved and made arrangements to accept the Card or the Card numbers as a mode of payment or reservation by the Cardholder.

  • Vendors means the proposer(s) responding to this RFP and vendor(s) to whom a contract has been awarded as a result of this RFP by SMSD. A responsible vendor is a vendor who has adequate financial resources (or the ability to obtain such resources), can comply with the delivery requirements, and is a qualified and established firm regularly engaged in the type of business that provides the product(s) /service(s) listed herein.

  • Premises of Company means, YTPS project situated in Raichur District Karnataka State.

  • Retail pharmacy means a pharmaceutical facility dispensing prescription drugs and devices to the general public.