Common use of Presentment Warranties Clause in Contracts

Presentment Warranties. Each Retailer represents and warrants to Bank with respect to each Account and each related Charge Slip and Charge Transaction Data (and the following shall be deemed restated, renewed and reaffirmed each time Bank receives Charge Transaction Data from any Retailer relative to an Account): (a) That except in the case of Insurance Programs and Value-Added Programs, each Charge Slip represents a bona fide sale by a Retailer of the Goods and/or Services described in such Charge Slip, that each Charge Slip has not been included in any Charge Transaction Date previously transmitted to Bank, and that Retailer has delivered all the Goods and fully performed all the Services listed on such Charge Slip;