Common use of Merchant of Record Clause in Contracts

Merchant of Record. Company acknowledges and agrees, regardless of whose name shows on a Card sales transmittal or confirmation, that its intent is to be the merchant of record for the purposes of processing Card transactions using the Service and agrees to indemnify and hold the Indemnified Parties harmless for any Losses and Liabilities, including but not limited to Chargebacks, suffered as a result, direct or indirect, of Company processing Card transactions pursuant to this Service Description, except to the extent such Losses and Liabilities arising directly or indirectly from or related to Bank’s gross negligence or willful misconduct.

Merchant of Record. Company acknowledges and agrees, regardless of whose name shows appears on a Card sales transmittal transmittal, confirmation or confirmationCard statement, that its intent is to be the merchant of record for the purposes of processing Card transactions Transactions using the Service Bank’s Online Payment Processing Services and agrees to indemnify and hold the Indemnified Parties harmless for any Losses and Liabilities, including but not limited to Chargebacks, suffered as a result, direct or indirect, of Company processing Card transactions Transactions pursuant to this Service Description, except to the extent such Losses and Liabilities arising directly or indirectly from or related to Bank’s gross negligence or willful misconduct.