Common use of Sales Drafts Clause in Contracts

Sales Drafts. You shall use a Sales Draft in each Sales Transaction. Each Sales Draft shall be imprinted with the appropriate legends in accordance with Section 6 of these Additional terms and Conditions. The Bank Card must actually be presented, even if for some reason the information embossed thereon is written in by hand (unless the Sales Transaction is transacted by mail or by telephone In accordance with Section 4.7 and Section 19 of these Additional Terms and Conditions). The Sales Draft shall also contain: the date of the Sales Transaction; the total cash price of the sale (including any applicable state or federal taxes), or (i) the amount to be charged if a partial payment is made in cash or by check in accordance with Section 4.10 (a) of these Additional Terms and Conditions, or (ii) the amount to be charged if a partial payment is made as a deposit or as the balance owing after a deposit has been made in accordance with Section 4.10(b) of these Additional Terms and Conditions. A short description of the merchandise or services; The words “delayed deposit,” “deposit,” or “balance” as appropriate and the Authorization approval code if Authorization for delayed deposit is given in accordance with Section 4.3(c) and Section 4.10(b) of these Additional Terms and Conditions; The letters “MO” (mail order), “TO” (telephone order), or “PO” (Preauthorized Order), If applicable to the Sales Transaction; and if you are using an EDC Terminal, the Cardholder’s account number and your name and location code (or city and state) The Cardholder shall sign the Sales Draft unless the Sales Transaction is completed by mail or telephone subject to Section 4.7 and Section 19 of these Additional Terms and conditions or is a Preauthorized Order. The Cardholder shall not be required to sign the Sales Draft until the final Sales Transaction amount is known and indicated in the total column. You shall deliver a true and completed copy of the Sales Draft to the Cardholder. You shall not alter any Sales Draft after it has been signed by the Cardholder.

Appears in 3 contracts

Sources: Clearing and Settlement Services Agreement (Transfirst Holdings Corp.), Clearing and Settlement Services Agreement (Transfirst Holdings Corp.), Clearing and Settlement Services Agreement (TransFirst Inc.)