Payment Processing Agreements definition

Payment Processing Agreements means the payment and card processing agreements and merchant agreements which Invoice Cloud has directed the Xxxxxx to enter into to enable Invoice Cloud to provide the Service;

Payment Processing Agreements means (i) that certain Amended and Restated Credit Card Program Agreement dated as of November 10, 2014 among Pubco, certain of its subsidiaries, FDS Bank, Department Stores National Bank and Citibank, N.A.; (ii) that certain Merchant Services Bankcard Agreement, dated as of July 28, 2006, by and between Federated Retail Holdings, doing business as Macy’s, Bloomingdale’s, Xxxxx.xxx, Xxxxxxxxxxxxx.xxx, Bloomingdale’s by Mail, Lord & Xxxxxx, David’s Bridal, After Hours Formalwear and Xxxxxxxxx of Boston, and Fifth Third Bank; (iii) that certain Merchant Services Agreement, dated as of January 1, 2011, by and between DFS Services LLC and Macy’s Credit and Customer Services, Inc.; (iv) that certain Amended and Restated Agreement for American Express® Card Acceptance, dated as of May 1, 2016, by and between American Express Travel Related Services Company, Inc. and Pubco; and (v) any such other agreement relating to the processing of payments made in any form other than in-store payments for purchases by cash or check, whether by credit card, electronic funds transfer or otherwise, entered into from time to time in accordance with the provisions of the Master Agency Agreement, in each case, as any of the foregoing may be amended, restated, supplemented or otherwise modified from time to time in accordance with the provisions of the Master Agency Agreement.

Payment Processing Agreements means the payment and card processing agreements and merchant agreements which Invoice Cloud has directed the Biller to enter into to enable Invoice Cloud to provide the Service;

Examples of Payment Processing Agreements in a sentence

• The Debtors are authorized, but not directed, to continue to operate under the Payment Processing Agreements.

• Any post-petition claim that a Payment Processor may have under the Payment Processing Agreements shall be entitled to, in addition to any other lien, collateral, or payment priority rights in support thereof, administrative expense priority status pursuant to Section 503(b) of the Bankruptcy Code.

• Negotiating Payment Processing Agreements Xxxxx Xxxxxxx Xxxxx Xxxx Xxxxxxxx Xxxxxxx Follow x Following x Following Unfollow Contact.

• Generally, the Processing Obligations are satisfied by netting the amount charged against pending payments owed by a Payment Processing Company to the Debtors under the Payment Processing Agreements.

• In the aggregate, the Servicers charge fees of approximately $136,000 on a monthly basis for services under the Payment Processing Agreements (the "ProcessingFees").

• Nothing in this Interim Order or the Motion shall be deemed to constitute the post-petition assumption or adoption of the Payment Processing Agreements or any other credit card processing or other agreement pursuant to section 365 of the Bankruptcy Code.

• The Debtors are authorized to pay or reimburse the Payment Processors for the Processing Obligations, whether such obligations arose prepetition or post- petition, and the Payment Processors are authorized to receive or obtain payment for such Processing Obligations, as provided under, and in the manner set forth in, the Payment Processing Agreements, including, without limitation, by way of recoupment or setoff without further order of the Court.

• Pursuant to the Payment Processing Agreements, the Debtors generally receive the net customer sales less any Chargebacks (as defined herein), returns, and processing fees charged.

• The Payment Processing Agreements – and the Debtors' ability to accept Non-Cash Payments, generally – are essential to the Debtors' businesses.

• The Debtors are authorized to pay or reimburse the Payment Processors for the Processing Fees, whether such obligations arose prepetition or post-petition, and the Payment Processors are authorized to receive or obtain payment for such Processing Fees, as provided under, and in the manner set forth in, the Payment Processing Agreements, including, without limitation, by way of recoupment or setoff without further order of the Court.

More Definitions of Payment Processing Agreements

Payment Processing Agreements means (i) that certain Amended and Restated Credit Card Program Agreement dated as of November 10, 2014 among Pubco, certain of its subsidiaries, FDS Bank, Department Stores National Bank and Citibank, N.A.; (ii) that certain Merchant Services Bankcard Agreement, dated as of July 28, 2006, by and between Federated Retail Holdings, doing business as Macy’s, Bloomingdale’s, Macys.com, Bloomingdales.com, Bloomingdale’s by Mail, Lord & Taylor, David’s Bridal, After Hours Formalwear and Priscilla of Boston, and Fifth Third Bank; (iii) that certain Merchant Services Agreement, dated as of January 1, 2011, by and between DFS Services LLC and Macy’s Credit and Customer Services, Inc.; (iv) that certain Amended and Restated Agreement for American Express® Card Acceptance, dated as of May 1, 2016, by and between American Express Travel Related Services Company, Inc. and Pubco; and (v) any such other agreement relating to the processing of payments made in any form other than in-store payments for purchases by cash or check, whether by credit card, electronic funds transfer or otherwise, entered into from time to time in accordance with the provisions of the Master Agency Agreement, in each case, as any of the foregoing may be amended, restated, supplemented or otherwise modified from time to time in accordance with the provisions of the Master Agency Agreement.