Common use of Multiple Sales Drafts Clause in Contracts

Multiple Sales Drafts. You shall include all items of merchandise and services purchased in a single Sales Transaction in the total amount on a single Sales Draft in every case except for; The balance of the amount due is paid by the Cardholder at the time of sale in cash, by check, with another credit or debit card or any combination thereof. In all such cases, Authorization is required for the amount of the purchase affected with the Bank Card. The Cardholder executes two separate Sales Drafts in a delayed delivery Sales Transaction. In such case, a deposit is made by completion of one Sales Draft and payment of the balance is tendered by completion of a second Sales Draft, the latter being conditioned upon delivery of merchandise or performance of services. Separate Authorization approval codes shall be obtained for and recorded on each Sales Draft, which shall also contain the words “delayed deposit,” and the words “deposit’ or “balance,’ as appropriate. You shall not deposit the Sales Draft labeled “balance” until shipment of the merchandise or performance of the services. Product Changes. Merchant shall submit Bank Card Transactions for approval by PRI only for the product or products listed in the Merchant Bank Card Application and Agreement. Merchant shall not submit Bank Card Transactions for any product, including goods and services, not previously approved in writing by PRI.