Common use of Dial Authorization and Capture Transactions Clause in Contracts

Dial Authorization and Capture Transactions. Exhibit “A”. HEARTLAND agrees, beginning April 1, 2002, to process a minimum of ********** dial authorization and capture transactions per year for the first two (2) years of the Initial Term. HEARTLAND also agrees, beginning April 1, 2004, to process a minimum of ********** dial authorization and capture transactions per year for the last two (2) years of the Initial Term. [****] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 406 under the Securities Act of 1933, as amended. Should HEARTLAND fail to meet the minimums outlined above for any given contract year, the shortfall number of transactions will be billed by VITAL to HEARTLAND at the applicable transaction rate, as stated in Exhibit “A” hereto, on HEARTLAND’s first monthly invoice of the following contract year and will be payable within thirty (30) days.

Appears in 2 contracts

Sources: Processing Services Agreement (Heartland Payment Systems Inc), Processing Services Agreement (Heartland Payment Systems Inc)

Dial Authorization and Capture Transactions. Exhibit “A”. HEARTLAND agrees, beginning April 1, 2002, to process a minimum of *********** dial authorization and capture transactions per year for the first two (2) years of the Initial Term. HEARTLAND also agrees, beginning April 1, 2004, to process a minimum of ********** dial authorization and capture transactions per year for the last two (2) years of the Initial Term. * [****] Represents material which has been redacted and filed separately with the Commission pursuant to a request for confidential treatment pursuant to Rule 406 under the Securities Act of 1933, as amended. Should HEARTLAND fail to meet the minimums outlined above for any given contract year, the shortfall number of transactions will be billed by VITAL to HEARTLAND at the applicable transaction rate, as stated in Exhibit “A” hereto, on HEARTLAND’s first monthly invoice of the following contract year and will be payable within thirty (30) days.

Appears in 1 contract

Sources: Processing Services Agreement (Heartland Payment Systems Inc)