High Charge Volume Merchant definition
High Charge Volume Merchant for purposes of this section means an American Express Program Merchant with either (i) greater than $1,000,000 in American Express charge volume in a rolling twelve (12) month period or (ii) greater than $100, 000 in American Express charge volume in any three (3) consecutive months. For clarification, if ▇▇▇▇▇▇▇▇ has multiple establishments, the American Express charge volume from all establishments shall be summed together when determining whether Merchant has exceeded the thresholds above.
High Charge Volume Merchant for purposes of this Section 30 means an American Express Program Merchant with either (i) greater than $1,000,000 in American Express charge volume in a rolling twelve (12) month period or (ii) greater than $100,000 in American Express charge volume in any three (3) consecutive months. For clarification, if Merchant has multiple establishments, the American Express charge volume from all establishments shall be summed to together when determining whether Merchant has exceeded the thresholds above. Merchant shall not assign to any third party any American Express-related payments due to it under this Card Services Agreement, and all indebtedness arising from American Express Charges (as defined below) will be for bona fide sales of goods and services (or both) at its establishments (as defined below) and free of liens, claims, and encumbrances other than ordinary sales taxes; provided, however, that Merchant may sell and assign future American Express transaction receivables to Global Direct, its affiliated entities and/or any other cash advance funding source that partners with Global Direct or its affiliated entities, without consent of American Express. In connection with Merchants acceptance of American Express, Merchant agrees to comply with and be bound by, the rules and regulations imposed by the Payment Card Industry (PCI) Security Standards Council (including without limitation the PCI Data Security Standard). Merchant hereby agrees to report all actual or suspected Data Incidents (as such term is defined in the American Express Data Security Requirements) immediately to Global Direct and American Express immediately upon discovery thereof. Merchant hereby agrees that American Express shall have third party beneficiary rights, but not obligations, to enforce the Card Services Agreement against Merchant to the extent applicable to American Express processing. Merchant’s termination of American Express card acceptance shall have no direct or indirect effect on Merchant’s rights to accept other card brands. To terminate American Express acceptance, Merchant may contact Global Direct customer service as described in this Card Services Agreement. Without limiting any other rights provided herein, Global Direct shall have the right to immediately terminate Merchant’s acceptance of American Express cards upon request of American Express. Merchant may not ▇▇▇▇ or collect from any American Express Card Member for any purchase or payment on the American Exp...
High Charge Volume Merchant for purposes of this Section 2.29 means an AXP Program Merchant with either (i) greater than $1,000,000 in AXP charge volume in a rolling twelve (12) month period or (ii) greater than $100,000 in AXP charge volume in any three consecutive months. For clarification, if Merchant has multiple establishments, the AXP charge volume from all establishments shall be summed to together when determining whether Merchant has exceeded the thresholds above. Merchant shall not assign to any third party any AXP-related payments due to it under this Agreement, and all indebtedness arising from AXP Charges (as defined below) will be for bona fide sales of goods and services (or both) at its establishments (as defined below) and free of liens, claims, and encumbrances other than ordinary sales taxes; provided, however, that Merchant may sell and assign future AXP transaction receivables to Agent or the Processing Partner, its or their affiliated entities and/or any other cash advance funding source that partners with Agent, the Processing Partner or its or their affiliated entities, without consent of AXP. Merchant hereby agrees that AXP shall have third party beneficiary rights, but not obligations, to enforce this Agreement against Merchant to the extent applicable to AXP processing. Merchant’s termination of AXP card acceptance shall have no direct or indirect effect on Merchant’s rights to accept other card brands. To terminate AXP acceptance, Merchant may contact Agent’s customer service as described in this Agreement. Without limiting any other rights provided herein, Agent or the Processing Partner shall have the right to immediately terminate Merchant’s acceptance of AXP cards upon request of AXP. Merchant may not ▇▇▇▇ or collect from any AXP Card Member for any purchase or payment on the AXP card unless a Chargeback has been exercised, Merchant has fully paid for such charge, and it otherwise has the right to do so. Merchant shall use the AXP brand and marks in accordance with the requirements set forth in the AXP Guide.
Examples of High Charge Volume Merchant in a sentence
Merchant hereby agrees that, in the event that Merchant becomes a High Charge Volume Merchant (as defined below), Merchant will be converted to from the American Express Program to a direct American Express Card acceptance agreement relationship with American Express, and upon such conversion, (i) Merchant will be bound by American Express’ then-current card acceptance agreement, and (ii) American Express will set pricing and other fees payable by Merchant for American Express Card acceptance.
Merchant hereby agrees that, in the event that Merchant becomes a High Charge Volume Merchant (as defined below), Merchant wi ll be converted from the AXP Program to a direct AXP Card acceptance relationship with AXP, and upon such conversion, (i) Merchant will be bound by AXP’ then-current card acceptance agreement, and (ii) AXP will set pricing and other fees payable by Merchant for AXP Card acceptance.
More Definitions of High Charge Volume Merchant
High Charge Volume Merchant for purposes of this Section 5 means an American Express Program Merchant with either (i) greater than $1,000,000 in American Express charge volume in a rolling twelve