Net Purchase Volume definition

Net Purchase Volume means with respect to any Account during the calculation period, the dollar amount of purchases of goods and services (including any applicable sales tax, delivery fees, or other service fees), after deducting the amount of any credits associated with returns of goods and services and similar credits and adjustments (other than payments with respect to such Accounts); provided however, such Net Purchase Volume shall not include balance transfers, cash advances, convenience checks, fraudulent or unauthorized purchases or credits or any other types of fees and charges that do not represent the purchase of goods and services.

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Net Purchase Volume means the aggregate amount of all purchases charged to an Account; provided that Net Purchase Volume shall not include a) charges that are reversed for whatever reason; b) revolving balances carried on an Account; c) cash advance transactions; d) access check transactions; e) balance transfers; f) fees or finance charges payable on an Account; or g) purchase check transactions.

Net Purchase Volume means total volume minus credits and cash advances (if applicable). ▇▇▇▇▇ Fargo will segregate or exclude Custom Interchange Transactions as defined and described below and as qualified by Visa® or Mastercard®, as applicable. The term “Custom Interchange Transaction” as used herein shall mean (i) certain transactions subject to select large ticket transaction requirements, qualified and determined by Visa or Mastercard®, as applicable, in its sole and absolute discretion, (ii) transactions with merchants participating in promotional interchange programs offered by Visa® or Mastercard® (including the Visa Partner Program or the Mastercard Partner Program) that qualify for non-standard promotional interchange rates, and (iii) certain transactions utilizing third-party straight-through processing (STP) and automated payment submission solutions. Such Visa® or Mastercard®, as applicable, large ticket transaction qualification requirements for large ticket interchange shall include, but not be limited to, custom payment service qualification with Level II and Level III data included with the transaction. Notwithstanding anything to the contrary contained herein, ▇▇▇▇▇ Fargo may, in its reasonable discretion, exclude any Custom Interchange Transaction for which the interchange rate is below a minimum threshold established by ▇▇▇▇▇ Fargo for purposes of Revenue Share calculation.

Examples of Net Purchase Volume in a sentence

Capital One will provide royalties to the Organization or to the Fiscal Sponsor of the Organization as addressed further herein, based on the initial purchase made on each new Account (a "First Purchase Royalty") and/or a transaction contribution based on a percentage of the Net Purchase Volume charged to each Card (an "Ongoing Purchase Contributions").
This Agreement may be amended only by written agreement executed by the Authority and the Developer.
The Card Program Schedule will provide the Rebate earn rates or Rewards points earn rates (by Purchase Category Type) that are applicable to Organization; these earn rates shall be calculated as a multiple of Organization’s total Net Purchase Volume.
After the first contact year, Customer shall be entitled to an Additional Discount for the Price of Goods for Branded Rx Pharmaceuticals as set forth in the table below, based on the previous Contract Year Total Combined Net Purchase Volume for all of Customer’s Facilities (excluding SuperNet** purchases as defined in Section A above).
Revenue Share will be paid in January on previous calendar year Net Purchase Volume.
No later than 30 days after the end of each calendar month following the Program Commencement Date, Bank will pay to Company an amount equal to (i) [***] of Net Purchase Volume attributable to PLCC Purchases and Co-Brand Purchases [***] during such calendar month, plus (ii) [***] of Net Purchase Volume attributable to Non-Company Purchases during such calendar month.
Either party may terminate this Agreement effective upon a date after Longs has purchased the Total Branded Rx Net Purchase Volume, but not earlier than June 30, 2009, by giving written notice to the other of its intent to terminate not less than 90 days prior to the effective termination date.
No later than 30 days after the end of each calendar month following the Program Commencement Date, Bank will credit to (i) the Joint Marketing Fund an amount equal to [***] of Net Purchase Volume during such calendar month, and (ii) the Company Marketing Fund an amount equal to [***] of Net Purchase Volume during such calendar month.
In the event that Longs’ purchases of Branded Rx Products from ABDC hereunder do not meet the Total Branded Rx Net Purchase Volume amount by June 30, 2012, but nonetheless Longs provides reasonable documentation to establish that it has * , this Agreement will terminate effective June 30, 2012.
Notwithstanding the foregoing obligation to purchase the Total Branded Rx Net Purchase Volume, the Term will extend through at least June 30, 2009 unless terminated as provided below in this Section 7.

More Definitions of Net Purchase Volume

Net Purchase Volume means the aggregate amount of individual new Purchases (other than Reduced Rate Program Transactions) posted to the Account, net of all refunds and credits (such as credits for returned merchandise or disputed billing items).

Net Purchase Volume means total volume minus credits and cash advances (if applicable). ▇▇▇▇▇ Fargo will segregate or exclude Custom Interchange Transactions as defined and described below and as qualified by Visa® or MasterCard®, as applicable. The term “Custom Interchange Transaction” as used herein shall mean (i) certain transactions subject to select large ticket transaction requirements, qualified and determined by Visa or MasterCard®, as applicable, in its sole and absolute discretion and (ii) transactions with merchants participating in promotional interchange programs offered by Visa® or MasterCard® (including the Visa Partner Program or the MasterCard Partner Program) that qualify for non-standard promotional interchange rates. Such Visa® or MasterCard®, as applicable, large ticket transaction qualification requirements for large ticket interchange shall include, but not be limited to, custom payment service qualification with Level II and Level III data included with the transaction. Notwithstanding anything to the contrary contained herein, ▇▇▇▇▇ Fargo may, in its reasonable discretion, exclude any Custom Interchange Transaction for which the interchange rate is below a minimum threshold established by ▇▇▇▇▇ Fargo for purposes of Revenue Share calculation.

Net Purchase Volume is defined as Organization’s total purchase Transactions across the entire Card Program less the following: credit chargebacks, credit losses, cash advances, delinquency assessments, fees, and charges or other Transactions determined (in Bank’s sole reasonable discretion) to be unauthorized. Certain Transactions, including but not limited to the following, will be excluded from Organization’s Net Purchase Volume calculation: cash disbursements, cash advances, person-to-person money transfers, a quasi-cash transaction including the purchase of travelers checks, foreign currency, or money orders, truck stop transactions (any transactions at a truck stop other than an ATM at fuel desks), weigh stations, public scales, ports of entry, gambling transactions, utilities, international transactions, warehouse transactions, balance transfers, convenience checks, credit chargebacks, credit losses, annual fees, late payment fees, over-limit fees, insurance charges, card-related service charges, finance charges, fees, unauthorized charges, and Merchant Partner Program (as defined by Mastercard) Transactions.