Merchant Loss definition

Merchant Loss means any loss or extraordinary expense (including reasonable legal fees related to such loss or extraordinary expense) for any reason attributable to a Merchant or a Government-Merchant, including any loss due to a Merchant Chargeback, Merchant business failure or any fraudulent or illegal, or allegedly fraudulent or illegal, practice of such Merchant or Government-Merchant, except in the event such Merchant Loss was caused by the fraud or misconduct of BPPR.
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Merchant Loss means any loss or extraordinary expense (including but not limited to reasonable legal fees related to such loss or extraordinary expense) incurred by Bank or CCC for any reason which is attributable to a Merchant, including but not limited to any loss due to a Merchant Chargeback, Merchant business failure, or fraudulent or illegal, or alleged fraudulent or illegal, practice of a Merchant.
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Merchant Loss means any loss incurred by UCS or Sponsor Bank for any reason attributable to a Merchant, including but not limited to losses due to the fraudulent practices of a Merchant, uncollected Merchant fees, and fines imposed by a Debit Network due to Xxxxxxxx's noncompliance with the Rules.
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Examples of Merchant Loss in a sentence

  • After BPPR has been fully reimbursed for a Merchant Loss pursuant to Section 9.4(a), at the request of EVERTEC, BPPR will assign to EVERTEC any and all of BPPR’s subrogation rights under or related to the Merchant Agreement (including any guarantees, security or otherwise) related to the indebtedness of such Merchant.

  • Bancorp shall have no right of set-off against any Heartland property for any portion of a Loss or Merchant Loss which shall be contested in good faith by Heartland in writing to Bancorp within ten (10) Business Days following Bancorp's notice of such Loss or Merchant Loss to Heartland.

  • Merchant Loss means any amounts due and payable by a Merchant under the Rules which cannot be collected from the applicable Merchant.

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  • After BPPR (or the applicable Popular Covered Person) has been fully reimbursed for a Merchant Loss pursuant to Section 9.4(a), at the request of EVERTEC, BPPR will assign to EVERTEC any and all of BPPR’s subrogation rights under or related to the Merchant Agreement (including any guarantees, security or otherwise) related to the indebtedness of such Merchant.

  • Bank agrees that it shall not exercise its reimbursement rights under this Section 9.6 with respect to any claim hereunder for a Merchant Loss until all reserves and deposits of the Merchant involved held by Bank have been fully depleted.

  • After Bank has been fully reimbursed for a Merchant Loss pursuant to this Section 9.5, at the request of iPayment, Bank will assign to iPayment any and all of Bank's subrogation rights under or related to the Merchant Agreement (including Guarantees, security or otherwise) related to such Merchant Loss.

  • In the event that the Settlement Account does not contain sufficient funds to cover any Merchant Loss or any other amounts due under the Charge Card Processing Agreement, NCBK will remit the deficiency to the Settlement Account within the daily settlement cycle.

  • The parties understand and agree that Merchant Losses will be borne by UCS, unless a Merchant Loss is the direct or indirect result of ISO's fraud, breach of this Agreement, or willful misconduct, in which case the Merchant Loss will be owed by ISO to UCS.

  • They need to want to come back, they need to feel welcome and have an enjoyable experience.This is where the focus of our BeTT programme lies, in helping clubs and leagues deliver programmes that make the experience of starting, coming back to or improving in table tennis better.


More Definitions of Merchant Loss

Merchant Loss means any Loss attributable to fraudulent practices of a Merchant, uncollected Merchant ACH rejects, uncollected returns, uncollected refunds and other uncollected amounts due from Merchants.
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Merchant Loss means any amounts due and payable by a Merchant under the Rules which cannot be collected from the applicable Merchant.
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Merchant Loss means any loss incurred by HTAMT or Sponsor Bank for any reason attributable to a Merchant, including but not limited to losses due to the fraudulent practices of a Merchant, uncollected Merchant fees, and fines imposed by a Debit Network due to Xxxxxxxx's noncompliance with the Rules.
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Merchant Loss means any loss incurred by MSI or Member for any reason attributable to a Merchant, including but not limited to losses due to the fraudulent practices of a Merchant and uncollected Merchant fees, in connection with the Marketing Agreement.
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Merchant Loss means any loss incurred by eVance or Member for any reason attributable to a Merchant as further clarified by Section 2.4.
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Related to Merchant Loss

  • relevant loss means any loss or liability which has been or may be incurred by a relevant officer in connection with that relevant officer's duties or powers in relation to the Company, any associated company or any pension fund or employees' share scheme of the Company or associated company; and

  • Merchant Account means the merchant account facility agreed between you and the Merchant Acquiring Bank.

  • Direct Loss means charges actually paid pursuant to this Agreement in respect of the period of the Delay. For the purposes of clause 13.4, the User's losses arising out of a Delay will be taken to include the amount of the relevant Direct Losses.

  • Chargebacks means all chargebacks, credits, reimbursements and related adjustments, in each case other than Rebates, that are charged by wholesalers, group purchasing organizations, managed care entities, distributors and other selling agents.

  • 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.

  • Relevant Losses means, in relation to:

  • Excess Loss Account has the meaning set forth in Reg. Section 1.1502-19.

  • Packet Loss means the difference between the number of service frames transmitted at the ingress UNI and the total number of service frames received at the egress UNI. Packet Loss may also be referred to as Frame Loss.

  • Net Investment Loss With respect to the Certificate Account, the Servicing Accounts or the REO Account or Companion Distribution Account for any period from any Distribution Date to the immediately succeeding P&I Advance Date, the amount by which the aggregate of all losses, if any, incurred during such period in connection with the investment of funds relating to the Trust Fund held in such account in accordance with Section 3.06, exceeds the aggregate of all interest and other income realized during such period on such funds.

  • Unallocated Account means the portion of the Trust to which Employer Contributions are made during the Plan Year, in which shares of Company Stock will be held prior to allocation to Participant Accounts, to which dividends paid on such shares of Company Stock will be paid, and from which will be paid expenses of the Plan and Under-Payment Expenses as defined in Section 3.5.

  • Merchant lessee means a lessee that is a merchant with respect to goods of the kind subject to the lease.

  • PRE-2017 NET OPERATING LOSS CARRYFORWARD means any net operating loss incurred in a taxable year beginning before January 1, 2017, to the extent such loss was permitted, by a resolution or ordinance of the Municipality that was adopted by the Municipality before January 1, 2016, to be carried forward and utilized to offset income or net profit generated in such Municipality in future taxable years.(B) For the purpose of calculating municipal taxable income, any pre-2017 net operating loss carryforward may be carried forward to any taxable year, including taxable years beginning in 2017 or thereafter, for the number of taxable years provided in the resolution or ordinance or until fully utilized, whichever is earlier.

  • Card Account means the account maintained with the Bank in respect of the card;

  • Direct Losses means all damages, losses, liabilities, penalties, fines, assessments, claims, actions, costs, expenses (including the cost of legal or professional services, legal costs being on a substantial indemnity basis), proceedings, demands and charges whether arising under statute, contract or at common law, except Indirect Losses.

  • Related Account means an Account with respect to which a new credit account number has been issued by the applicable Account Owner or Servicer or the applicable Transferor under circumstances resulting from a lost or stolen credit card and not requiring standard application and credit evaluation procedures under the Credit Card Guidelines.

  • Portfolio Loss means the loss realized on either (i) a portfolio sale of Single Family Shared-Loss Loans in accordance with the terms of Article IV or (ii) the sale of a loan with the consent of the Receiver as provided in Section 2.7.

  • Cardholder means a person authorized to use a Card.

  • Cardholder(s) persons authorized to use Association or Network branded cards.

  • Cram Down Loss means, with respect to any Receivable (other than a Defaulted Receivable) as to which any court in any bankruptcy, insolvency or other similar Proceeding issues an order reducing the principal amount to be paid on such Receivable or otherwise modifies any payment terms with respect thereto, an amount equal to the amount of the principal reduction ordered by such court. A “Cram Down Loss” will be deemed to have occurred on the date of issuance of such court’s order.

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Data Loss Event means any event that results, or may result, in unauthorised access to Personal Data held by the Contractor under this Agreement, and/or actual or potential loss and/or destruction of Personal Data in breach of this Agreement, including any Personal Data Breach.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Credit Voucher means a document executed by a Merchant evidencing any refund or price adjustment relating to Cards to be credited to a Cardholder account.

  • Private label credit card means any charge card, credit card, or other instrument serving a similar purpose that carries, refers to, or is branded with the name or logo of a vendor and that can only be used for purchases from the vendor.

  • Operating Loss means a negative Operating Profit.

  • Debit Card means a card issued by the Financial Institution that allows the holder of the card to deposit cash and/or Instruments or withdraw cash from the Account through an ATM, authorize Transactions on the Account through an ATM, and that operates like an Instrument to purchase goods and services from merchants.