Common use of Processing Limits Clause in Contracts

Processing Limits. 7.1 Entity’s “Approved Monthly Volume” for sales drafts is that monthly volume set forth in the Application or as otherwise set forth in the Application approval letter from ARC to Entity or as may be later changed by ARC from time to time upon notice to Entity. 7.2 If Entity exceeds the Approved Monthly Volume, either in the aggregate or with respect to any “method of sale”: (i) ARC may suspend processing, hold the funds over the Approved Monthly Volume, and/or return all ARC Pay Transactions evidencing funds over the Approved Monthly Volume to Entity; and (ii) Entity is subject to a five percent (5%) fee on all monies processed over the Approved Monthly Volume. 7.3 Entity’s “Transaction Cap” is the per-transaction limitation in dollar amount set forth in the Application or as otherwise set forth in the Application approval letter from ARC to Entity or as may be later changed by ARC from time to time upon notice to Entity. 7.4 If the amount of any ARC Pay Transaction exceeds the Transaction Cap, (i) ARC may suspend processing and/or return such ARC Pay Transaction, and (ii) Entity is subject to a five percent (5 %) fee on the amount of each ARC Pay Transaction above the Transaction Cap processed by ARC. 7.5 On a quarterly basis, all of Entity’s ARC Pay Transactions in the aggregate shall: 7.5.1 Meet or exceed a minimum volume of ARC Pay Transactions processed, as agreed upon in writing by ARC and Entity, as applicable; and 7.5.2 Include a representative sample of Entity’s transactions across its overall business, whether or not processed using ARC Pay. For the avoidance of

Processing Limits. 7.1 Entity’s “Approved Monthly Volume” for sales drafts is that monthly volume set forth in the Application or as otherwise set forth in the Application approval letter from ARC to Entity or as may be later changed by ARC from time to time upon notice to Entity. 7.2 If Entity exceeds the Approved Monthly Volume, either in the aggregate or with respect to any “method of sale”: (i) ARC may suspend processing, hold the funds over the Approved Monthly Volume, and/or return all ARC Pay Transactions evidencing funds over the Approved Monthly Volume to Entity; and (ii) Entity is subject to a five percent (5%) fee on all monies processed over the Approved Monthly Volume. 7.3 Entity’s “Transaction Cap” is the per-transaction limitation in dollar amount set forth in the Application or as otherwise set forth in the Application approval letter from ARC to Entity or as may be later changed by ARC from time to time upon notice to Entity. 7.4 If the amount of any ARC Pay Transaction exceeds the Transaction Cap, (i) ARC may suspend processing and/or return such ARC Pay Transaction, and (ii) Entity is subject to a five percent (5 %) fee on the amount of each ARC Pay Transaction above the Transaction Cap processed by ARC. 7.5 On a quarterly basis, all of Entity’s ARC Pay Transactions in the aggregate shall: 7.5.1 Meet or exceed a minimum volume of ARC Pay Transactions processed, as agreed upon in writing by ARC and Entity, as applicable; and 7.5.2 Include a representative sample of Entity’s transactions across its overall business, whether or not processed using ARC Pay. For the avoidance ofof doubt, a representative sample includes, but is not limited, to a cross-