Independent Consideration shall have the meaning as set forth in Section 2.14.
Independent Consideration has the meaning ascribed to such term in Section 4.2.
Independent Consideration shall have the meaning set forth in Section 3.3.
Examples of Independent Consideration in a sentence
The Independent Consideration is in addition to and independent of any other consideration or payment provided for in this Agreement, is not applicable to the Purchase Price, is non-refundable and shall be retained by Seller notwithstanding any other provision of this Agreement.
More Definitions of Independent Consideration
Independent Consideration shall have the meaning given to such term in Section 2.2(b) hereof.
Independent Consideration means material value a merchant receives specifically in exchange for the merchant’s agreement to waive or otherwise restrict its right to surcharge transactions on a Competitive Credit Card Brand, including, e.g., a material reduction in the Competitive Credit Card Brand’s standard acceptance cost applicable to the merchant (i.e., the cost at which transactions on Competitive Credit Card Brand’s cards are surcharged absent such an agreement). The “Maximum Surcharge Cap” shall be no less than the product of 1.8 times the sum of the system-wide average effective U.S. domestic MasterCard Credit Card interchange rate plus average network fees (defined to include network set fees to acquirers or merchants associated with the processing of a transaction or with the acceptance of the network’s brand) as of the Preliminary Approval Date or as subsequently adjusted in accordance with this bullet. To facilitate the determination of the Maximum Surcharge Cap, within 10 business days of the Settlement Preliminary Approval Date, the MasterCard Defendants shall provide Class Counsel with the system-wide average effective U.S. domestic MasterCard Credit Card interchange rate plus average network fees (calculated based upon the preceding 12 month period) and will publish that amount on MasterCard’s website in a manner that is readily visible to merchants. The MasterCard Defendants agree shall adjust the Maximum Surcharge Cap in accordance with this bullet at least annually, and may adjust the Maximum Surcharge Cap in accordance with this bullet no more than two times per year.
Independent Consideration means the sum of One Thousand Dollars ($1,000.00).
Independent Consideration means material value a Merchant receives specifically in exchange for the Merchant’s agreement to waive or otherwise restrict its right to Surcharge transactions on a Competitive Credit Card Brand.
Independent Consideration shall have the meaning assigned thereto in Section 2.6.
Independent Consideration has the meaning set forth in Section 3.2.5.
Independent Consideration means material value a merchant receives specifically in exchange for the merchant’s agreement to waive or otherwise restrict its right to surcharge transactions on a Competitive Credit Card Brand, including, e.g., a material reduction in the Competitive Credit Card Brand’s standard acceptance cost applicable to the merchant (i.e., the cost at which transactions on Competitive Credit Card Brand’s cards are surcharged absent such an agreement).