Payment Loss definition
Payment Loss means any loss associated with failure of any customer payment instrument (i.e., returned check, chargebacks, fraud, etc.) for the purchase of Products from the Safeway Store.
Examples of Payment Loss in a sentence
In the event an Item of Equipment shall suffer an Event of Loss, then on the Casualty Payment Loss Value Date for such Item Obligee shall prepay and apply, and there shall become due and payable on the Casualty Loss Value Payment Date for such Item, a principal amount of the Loan equal to the Unamortized Debt Balance with respect to such Item of Equipment and all accrued and unpaid interest thereon.
If I terminate this Mortgage under clause 16.6, I will have to pay the Credit Provider the Recoverable Amount, which may include Early Payment Loss and a pre-determination fee payable under clauses 7.6 and 7.