Common use of Resolution and payment Clause in Contracts

Resolution and payment. Merchant is required to resolve any dispute or other of the circumstances described above in Section 8.1 to Household's reasonable satisfaction within thirty (30) days of receipt of written notice of Chargeback or Merchant shall pay to Household the full amount of each such Sales Slip or Card Sale subject to Chargeback or the portion thereof designated by Household, as the case may be, plus the finance charges thereon, the Merchant Participation Fees paid to Merchant for each such Sales Slip, and other fees and charges provided for in the Cardholder agreement. Household shall provide to Merchant a monthly statement and related reports in sufficient detail to allow Merchant to identify the underlying transactions. Upon Chargeback to Merchant of a Sales Slip or Card Sale, Merchant shall bear all liability and risk of loss associated with such Sales Slip, Card Sale or Account, or the applicable portion thereof, without warranty by, or recourse or liability to, Household. Household may deduct amounts owed to Household under this Section from any amounts owed to Merchant under this Agreement. Household shall be entitled to recover reasonable attorney fees incurred by Household to collect any Chargeback amounts permitted under this Agreement due Household which are not paid by Merchant in accordance with the terms of the Agreement.

Resolution and payment. Merchant is required to resolve any dispute or other of the circumstances described above in Section 8.1 to Household's ’s reasonable satisfaction within thirty (30) days of receipt of written notice of Chargeback or Merchant shall pay to Household the full amount of each such Sales Slip or Card Sale subject to Chargeback or the portion thereof designated by Household, as the case may be, plus the finance charges thereon, the Merchant Participation Fees paid to Merchant for each such Sales Slip, and other fees and charges provided for in the Cardholder agreement. Household shall provide to Merchant a monthly statement and related reports in sufficient detail to allow Merchant to identify the underlying transactions. Upon Chargeback to Merchant of a Sales Slip or Card Sale, Merchant shall bear all liability and risk of loss associated with such Sales Slip, Card Sale or Account, or the applicable portion thereof, without warranty by, or recourse or liability to, Household. Household may deduct amounts owed to Household under this Section from any amounts owed to Merchant under this Agreement. Household shall be entitled to recover reasonable attorney fees incurred by Household to collect any Chargeback amounts permitted under this Agreement due Household which are not paid by Merchant in accordance with the terms of the Agreement.