Recourse Claim definition

Recourse Claim means any claim of Bambora against the Merchant in respect of any (i) Chargeback, (ii) refund, (iii) rejected, fraudulent, reversed or otherwise corrected Transaction or (iv) fees (as set out in the application), costs, handling charges or penalties, etc. that Bambora is required to pay to the Card Schemes, any regulatory authority or other third party in connection with any claim.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Recourse Claim means any claim of Bambora against the Merchant in respect of any (i) Chargeback, (ii) refund, (iii) rejected, fraudulent, reversed or otherwise corrected Transaction or (iv) fees (as set out in the application), costs, handling charges or penalties, etc. that Bambora is required to pay to the Card Schemes, any regulatory authority or other third party in connection with any claim. Regulations means rules, regulations, directives, etc. issued by Card Schemes relevant to the services provided by Bambora under this Agreement, available at the respective Card Schemes’ website.

Recourse Claim means, collectively: (i) any Shareholder Claim (but subject, in the case of any deemed Individual Shareholder Misrepresentation Claim or deemed Shareholder Covenant Claim, to the limitations set forth in clauses (iii) and (iv) of the last paragraph of Section 1(a) hereof) and (ii) any Management Misrepresentation Claim. In no event shall any claim against the ESOT be deemed to be a Recourse Claim.

Examples of Recourse Claim in a sentence

• To the extent that there is such Recourse Claim, no Limitation on Enforcement applies.

• The undersigned, a holder of a Class 5 NRG Unsecured Claim (other than in the capacity of a Noteholder or a holder of an NRG Unsecured Revolver Claim, an NRG ▇▇▇▇▇ Secured Revolver Recourse Claim, and/or an NRG Letter of Credit Claim each a “Credit Facility Claim”) against NRG in the amount set forth below, votes to (check one box; if you fail to check one of the boxes below, but the ballot is otherwise properly completed and returned your ballot will not be counted: o Accept the Plan.

• The undersigned, a holder of a Class 5 NRG ▇▇▇▇▇ Secured Revolver Recourse Claim, an NRG Unsecured Revolver Claim and/or an NRG Letter of Credit Claim (each, a “Credit Facility Claim”) against NRG in the amount set forth below, votes to (check one box; if you fail to check one of the boxes below, but the ballot is otherwise properly completed and returned your ballot will not be counted): o Accept the Plan o Reject the Plan.

• To the extent that there is such Recourse Claim, no Limitation Event applies.

• To the extent that there is such Recourse Claim, no limitation on enforcement applies.

• For the avoidance of doubt, to the extent the enforcement of the Guarantee will result in a fully valuable recourse claim (vollwertiger Rückgriffsanspruch) within the meaning of sentence 2 of paragraph 1 of § 30 GmbH-Act ("Recourse Claim") of the German Guarantor against a third party including a shareholder or another member of the Group, no Limitation on Enforcement applies and no Limitation Event occurs.

More Definitions of Recourse Claim

Recourse Claim means any claim of recourse which Finance Incorporated may have on Merchant from time to time, corresponding to (a) any refund or Chargeback made by a Cardholder and/or card issuer in relation to the sale of goods or supply of services purchased by that Cardholder, or (b) any fees or other financial sanctions which Finance Incorporated has been obliged to pay to Card Schemes or any other party insofar as such amount is related to this Agreement;