Merchant Processing Amounts definition

Merchant Processing Amounts means amounts charged against all collected funds in the Lockbox Account by third party merchant processing service providers with respect to processing fees and Obligor chargebacks.
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Merchant Processing Amounts means amounts charged against all collected funds in the Lockbox Account by third party merchant processing service providers with respect to processing fees and Consumer Obligor chargebacks.
Sample 1Sample 2

Examples of Merchant Processing Amounts in a sentence

  • On each Business Day, the Issuer shall cause to be deposited into the Collection Account all amounts in the Lockbox Account (other than the Lockbox Account Retained Balance or Merchant Processing Amounts) from Obligors or otherwise in respect of the Conveyed Property (other than Obligor Security Deposits received from an Obligor, which will be deposited by the Servicer into the Obligor Security Deposit Account, and amounts received relating to Grid Services).

Related to Merchant Processing Amounts

  • ACH means automated clearing house transfers.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.