Credit Card Program Clause Samples

The Credit Card Program clause establishes the terms and conditions under which a credit card program is offered or managed between the parties. It typically outlines responsibilities such as card issuance, usage restrictions, payment obligations, and procedures for handling disputes or unauthorized transactions. By clearly defining these operational details, the clause ensures both parties understand their roles and liabilities, thereby reducing the risk of misunderstandings and financial disputes related to the credit card program.
Credit Card Program. (A) Distributor and its Dealer(s) shall participate in and comply with requirements of VMSC’s credit card program, and shall cause each Station to honor VMSC’s proprietary credit cards and all major credit cards identified in VMSC’s Credit Card Sales Guide as an authorized card for purchases made at such Station(s), provided that such sales are made in accordance with the terms and conditions of VMSC’s “Credit Card Sales Guide”, which Distributor acknowledges has been received and reviewed by Distributor prior to its execution of this Agreement. VMSC’s Credit Card Sales Guide may be amended, changed, or otherwise modified from time to time at VMSC’s sole and absolute discretion. Distributor’s and its Dealer(s)’ honoring of VMSC’s proprietary credit cards and compliance with the terms, conditions, and requirements of VMSC’s Credit Card Sales Guide is a material and important part of the consideration for this Agreement. (B) With respect to purchases made with VMSC’s proprietary credit cards utilizing any of the Marks, in no event shall Distributor or its Dealer(s) charge a customer for the extension of credit, impose a credit price which is higher than the cash price, or apply a surcharge to any amounts due from any customer making a credit card purchase.
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Credit Card Program. (A) Distributor shall participate in and comply with, and shall assure that its Dealers participate in and comply with, the requirements of VMSC’s credit card program (including any fees payable to VMSC in connection therewith as specified by VMSC from time to time), and shall cause each Station to honor VMSC’s proprietary credit cards and all major credit cards identified in VMSC’s “Credit Card Sales Guide” as an authorized card for purchases made at such Stations, provided that such sales are made in accordance with the terms and conditions of VMSC’s Credit Card Sales Guide. Distributor acknowledges that VMSC’s Credit Card Sales Guide has been received and reviewed by Distributor prior to its execution of this Agreement. VMSC’s Credit Card Sales Guide may be amended, changed, or otherwise modified from time to time at VMSC’s sole and absolute discretion. Distributor acknowledges that the honoring of VMSC’s proprietary credit cards and compliance with the terms, conditions, and requirements of VMSC’s Credit Card Sales Guide by Distributor and its Dealers is a material and important part of the consideration for this Agreement. (B) Distributor agrees, and shall cause its Dealers to agree, that in no event shall Distributor or its Dealers charge a customer for the extension of credit, impose a credit price which is higher than the cash price, or apply a surcharge to any amounts due from any customer making a credit card purchase with VMSC’s proprietary credit cards utilizing any of the Marks.
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Credit Card Program. (A) Distributor shall participate in and comply with, and shall assure that its Dealers participate in and comply with, the requirements of VMSC’s credit card program (including any fees payable to VMSC in connection therewith as specified by VMSC from time to time), and shall cause each Station to honor VMSC’s proprietary credit cards and all major credit cards identified in VMSC’s “Credit Card Sales Guide” as an authorized card for purchases made at such Stations, provided that such sales are made in accordance with the terms and conditions of VMSC’s Credit Card Sales Guide. Distributor acknowledges that VMSC’s Credit Card Sales Guide has been received and reviewed by Distributor prior to its execution of this Agreement. VMSC’s Credit Card Sales Guide may be amended, changed, or otherwise modified from time to time at VMSC’s sole and absolute discretion. Distributor acknowledges that the honoring of VMSC’s proprietary credit cards and compliance with the terms, conditions, and requirements of VMSC’s Credit Card Sales Guide by Distributor and its Dealers is a material and important part of the consideration for this Agreement.
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Credit Card Program. Buyer shall (i) reimburse Seller for all costs, expenses, Liabilities and Losses and (ii) indemnify and hold harmless Seller from any costs, expenses, Liabilities and Losses, in each case with respect to any Transferred Employee’s use of Seller’s credit card program after the date hereof.
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Credit Card Program. In connection with Borrower’s execution and delivery of the Control Agreement and the depositing of the Pledged Cash (i) the Agent hereby agrees that, so long as the Pledged Cash shall be maintained as security for the Credit Card Program in the amount of not less than $2,000,000 (or such lesser amount as may be agreed by BofA), no Bank Product Reserve or any other Availability Reserve shall be imposed under the Credit Agreement in respect of the Credit Card Program and (ii) BofA hereby agrees that so long as the Pledged Cash is maintained as security for the Credit Card Program in the amount of not less than $2,000,000 (or such lesser amount as may be agreed by BofA) it shall not terminate the Credit Card Program as a result of the institution by or against any Loan Party of a proceeding under any Debtor Relief Law; provided that, unless a cash management order or other applicable order has been entered in form and substance reasonably acceptable to BofA, BofA reserves its right temporarily to suspend the Credit Card Program at any time after the date that is one week after the Borrower’s filing of an Insolvency Proceeding and continuing until such an order has been entered; and (iii) each of the Lenders party hereto consents to the Borrower’s execution and
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Credit Card Program. (i) An amendment shall be made to the Credit ------------------- Card Program which is not approved by the Bankruptcy Court, or (ii) the Credit Card Program shall fail to remain in full force and effect, or (iii) any default by MW under the Credit Card Program (after the expiration of any applicable grace period) shall occur and be continuing which has not been waived and which provides any party thereunder with the right to terminate obligations of such party to extend credit to the customers of MW pursuant thereto or to purchase customer receivables thereunder from MW, as the case may be, or (iv) a court of competent jurisdiction shall enter an order terminating all or a substantial part of such Credit Card Program, or (v) a court of competent jurisdiction shall enter an order rejecting any Account Related Agreement as an executory contract pursuant to Section 365 of the Bankruptcy Code unless an Alternate Credit Program shall be in full force and effect as of the date of such rejection. 1.6 Schedules 5.5, 5.7, 5.11, 5.12, 5.16, and 5.17 are each hereby ------------- --- ---- ---- ---- ---- amended by adding thereto the items set forth in the applicable section of Schedule I attached hereto. 1.7 The waiver, amendment and extension contained herein are limited precisely to their terms and shall not constitute a waiver, amendment or other modification generally or for any other purpose.
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Credit Card Program. Unit members who are required to travel in the performance of official business shall be authorized full participation in the District’s American Express Credit Card Program, and will be granted all rights, privileges and responsibilities associated with that program. The Union agrees to join with the District in encouraging employees to use their American Express Credit Card in accordance with the contract agreement entered into with American Express upon issuance of the card.
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Related to Credit Card Program

  • Credit Cards About 60% of first-year students reported they have at least one credit card, although just 15% have two or more cards. Among those students who have credit cards, about 88% reported they pay off their balance each month and, as such, their current credit card balance is zero; however, when asked what their current credit card balance is, just 7% said it is zero. Among those with an unpaid balance, the average credit card debt students have is $1,549. Group 1 students tend to carry a higher balance on their credit cards than Group 2 and Group 3 students. None 40% 42% 45% 32% 43% One 45% 42% 42% 50% 45% Two 7% 6% 6% 8% 3% Three or more 8% 10% 7% 9% 9% Average number 1.8 2.8 1.2 2.2 1.2 Yes 88% 83% 88% 89% 80% Zero 7% 2% 14% 2% - $500 or less 83% 83% 79% 87% 82% $501 to $1,000 5% 7% 4% 6% 9% Over $1,000 5% 8% 4% 6% 9% Average (all with credit card) $487 $652 $352 $564 $385 Average (those with unpaid balance) $1,549 $1,954 $1,249 $1,648 $974 * Total credit card balance and payment of the balance were asked of those who had at least one credit card.

  • Credit Card Agreements Each Borrower and Guarantor shall (a) observe and perform all material terms, covenants, conditions and provisions of the Credit Card Agreements to be observed and performed by it at the times set forth therein; (b) not do, permit, suffer or refrain from doing anything, as a result of which there could be a default under or breach of any of the terms of any of the Credit Card Agreements and at all times maintain in full force and effect the Credit Card Agreements and not terminate, cancel, surrender, modify, amend, waive or release any of the Credit Card Agreements, or consent to or permit to occur any of the foregoing; except, that, any Borrower or Guarantor may terminate or cancel any of the Credit Card Agreements in the ordinary course of the business of such Borrower or Guarantor; provided, that, such Borrower or Guarantor shall give Agent not less than ten (10) Business Days prior written notice of its intention to so terminate or cancel any of the Credit Card Agreements; (c) not enter into any new Credit Card Agreements with any new Credit Card Issuer unless Agent shall have received not less than ten (10) Business Days prior written notice of the intention of such Borrower or Guarantor to enter into such agreement (together with such other information with respect thereto as Agent may request) and such Borrower or Guarantor delivers, or causes to be delivered to Agent, a Credit Card Acknowledgment in favor of Agent; (d) give Agent immediate written notice of any Credit Card Agreement entered into by such Borrower or Guarantor after the date hereof, together with a true, correct and complete copy thereof and such other information with respect thereto as Agent may reasonably request; (e) furnish to Agent, promptly upon the request of Agent, such information and evidence as Agent may require from time to time concerning the observance, performance and compliance by such Borrower or Guarantor or the other party or parties thereto with the terms, covenants or provisions of the Credit Card Agreements; and (f) not modify any instructions given by Agent to any Credit Card Issuer or Credit Card Processor provided for in any Credit Card Acknowledgement or otherwise direct the remittance of payments under any Credit Card Agreement to any account other than the Blocked Account.

  • Credit Card If you choose to pay by credit card, you will be prompted to provide your credit card information and will be presented with a screen that reflects the amount of your subscription, the amount of fees that would be charged by the credit card issuer for the transaction and the total amount payable.

  • Deposit Accounts; Credit Card Arrangements (a) Annexed hereto as Schedule 5.21(a) is a list of all DDAs maintained by the Loan Parties as of the Closing Date, which Schedule includes, with respect to each DDA (i) the name and address of the depository; (ii) the account number(s) maintained with such depository; (iii) a contact person at such depository, and (iv) the identification of each Blocked Account Bank. (b) Annexed hereto as Schedule 5.21(b) is a list describing all arrangements as of the Closing Date to which any Loan Party is a party with respect to the processing and/or payment to such Loan Party of the proceeds of any credit card charges and debit card charges for sales made by such Loan Party.

  • Visa Debit Card If approved, you may use your Visa® card to purchase goods and services from participating merchants. However, you may not use your card to initiate any type of gambling transaction. If you wish to pay for goods or services over the Internet, you may be required to provide card number security information before you will be permitted to complete the transaction. You agree that you will not use your card for any transaction that is illegal under applicable federal, state, or local law. Funds to cover your card purchases will be deducted from your share draft account. For ATM and one-time debit card transactions, you must consent to the Credit Union’s overdraft protection plan in order for the transaction amount to be covered under the plan. Without your consent, the Credit Union may not authorize and pay an overdraft resulting from these types of transactions. Services and fees for overdrafts are shown in the document the Credit Union uses to capture the member’s opt-in choice for overdraft protection and the Schedule of Fees and Charges.