Submission of Transaction Data Sample Clauses

The Submission of Transaction Data clause requires parties to provide accurate and timely information related to transactions covered by the agreement. Typically, this involves submitting details such as transaction dates, amounts, and relevant documentation through specified channels or formats. By establishing clear expectations for data submission, this clause ensures transparency, facilitates record-keeping, and helps prevent disputes arising from incomplete or delayed information.
Submission of Transaction Data. You are required to transmit your Transaction Data to us no later than the next business day immediately following the day that such Transaction Data is originated. Failure to do so can result in higher interchange fees and other costs and increased Chargebacks. For debit card transactions that are credits to a Customer’s account, you agree to transmit such Transaction Data to us within 24 hours of receiving the authorization for such
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Submission of Transaction Data. Failure to transmit Transaction Data to Chase Paymentech within one (1) business day following the day that such Transaction originated could result in higher interchange fees and other costs, as well as increased Chargebacks. Unless Merchant has notified Chase Paymentech on its Application or Chase Paymentech has otherwise agreed in writing in advance, Merchant shall not submit Transactions for processing until (a) the Transaction is completed; (b) the goods are delivered or shipped; (c) the services are performed; or (d) Merchant has obtained the Customer’s consent for a recurring Transaction. ▇▇▇▇▇ Paymentech may from time to time contact Customers to verify that they have received goods or services for which Transactions have been submitted. ▇▇▇▇▇ Paymentech reserves the right to refuse to process any Transaction Data presented by Merchant if Chase Paymentech reasonably believes that the Transaction may be uncollectible from the Customer or was prepared in violation of any provision of this Agreement, applicable law, or the Payment Brand Rules. For all Transactions, ▇▇▇▇▇ Paymentech will submit ▇▇▇▇▇▇▇▇’s Transaction Data to the applicable Payment Brands.
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Submission of Transaction Data. 8.1. The Merchant shall, within thirty (30) calendar days of each Transaction, submit to DNAP: 8.1.1. details of each such Transaction, by: 8.1.1.1. delivering or posting to DNAP a copy of the relevant Sales Draft; or 8.1.1.2. if DNAP has previously confirmed in writing that such details may be presented electronically, by submission of such information electronically in such form and manner as DNAP may from time to time reasonably require; and 8.1.2. a summary statement of such Sales Draft (which may be submitted electronically where permitted pursuant to clause 8.1.1.2) which shall include the following information: 8.1.2.1. name, address and telephone number of the Merchant; 8.1.2.2. the Merchant’s identification number (or MID) assigned by DNAP to the Merchant; 8.1.2.3. the total sales amount (and the total amount payable by Card, if different); 8.1.2.4. the amount of tax payable in respect of the Transaction; 8.1.2.5. the date of submission to DNAP; and 8.1.2.6. the Sales Draft number. 8.2. In respect of each submission of Transaction Data, the Merchant warrants to DNAP that: 8.2.1. for each Card Transaction, the Card presented to the Merchant had not expired and was not listed or identified on a Stop List at the time of the Transaction; 8.2.2. all Transaction Data is legible, and has not been corrected or amended as to the value of the relevant Transaction; 8.2.3. all Transaction Data is in the form authorised by DNAP; 8.2.4. all Transaction Data represents (to the best of the Merchant’s knowledge and belief at the time of such submission) an unconditional obligation of the Customer, not subject to any disputes, offsets or counterclaims; 8.2.5. for each Card Transaction which exceeded the Floor Limit, Authorisation was obtained in accordance with the terms of the Conditions and the Transaction Data contains the relevant Authorisation/approval code; 8.2.6. all statements of fact contained in the Transaction Data are true; 8.2.7. where the Transaction is a Sale Transaction, the Merchant has supplied, or caused to be supplied, the applicable Sale Items (and to the associated value stated in the Sales Draft); 8.2.8. no Sales Draft, Transaction Data or other associated information has been or will be issued or presented to DNAP more than once, or has been or will be otherwise duplicated, in respect of a Transaction (unless specifically requested by DNAP); and 8.2.9. the Transaction Data was issued only in respect of an authorised Transaction meeting the r...
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Submission of Transaction Data. Failure to transmit Transaction Data to Processor within one (1) business day following the day that such Transaction originated could result in higher interchange fees and other costs, as well as increased Chargebacks. Unless Merchant has notified Treasury on its Application or Treasury has otherwise agreed in writing in advance, Merchant shall not submit Transactions for processing until (a) the Transaction is completed; (b) the goods are delivered or shipped; (c) the services are performed; or (d) Merchant has obtained the Customer’s consent for a recurring Transaction. Processor may from time to time contact Customers to verify that they received goods or services for which Transactions have not been submitted. Processor reserves the right to refuse to process any Transaction Data presented by Merchant if Processor reasonably believes that the Transaction may be uncollectible from the Customer or was prepared in violation of any provision of this Agreement, applicable law, or the Payment Brand Rules. For all Transactions, Processor will submit Merchant’s Transaction Data to the applicable Payment Brands.
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Related to Submission of Transaction Data

  • Authorization of Transactions The Company is a corporation duly authorized and in good standing in the State of Florida and has the requisite power and capacity to execute and deliver the Transaction Documents to which it is a party and to perform its obligations hereunder and thereunder. The execution, delivery and performance by the Company of the applicable Transaction Documents and the consummation of the Transactions have been duly and validly authorized by all requisite action on the part of the Company. The Transaction Documents to which the Company is a party have been duly and validly executed and delivered by The Company. Each Transaction Document to which the Company is a party constitutes the valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms and conditions, except to the extent enforcement thereof may be limited by applicable bankruptcy, insolvency or other Laws affecting the enforcement of creditors’ rights or by the principles governing the availability of equitable remedies.

  • Authorization of Transaction The Buyer has full power and authority (including full corporate power and authority) to execute and deliver this Agreement and to perform its obligations hereunder. This Agreement constitutes the valid and legally binding obligation of the Buyer, enforceable in accordance with its terms and conditions.

  • Limitation of Transactions So long as any Capital Securities remain outstanding, if (a) there shall have occurred and be continuing an Event of Default or a Declaration Event of Default or (b) the Guarantor shall have selected an Extension Period as provided in the Declaration and such period, or any extension thereof, shall have commenced and be continuing, then the Guarantor shall not and shall not permit any Affiliate to (x) declare or pay any dividends or distributions on, or redeem, purchase, acquire, or make a liquidation payment with respect to, any of the Guarantor’s or such Affiliate’s capital stock (other than payments of dividends or distributions to the Guarantor) or make any guarantee payments with respect to the foregoing or (y) make any payment of principal of or interest or premium, if any, on or repay, repurchase or redeem any debt securities of the Guarantor or any Affiliate that rank pari passu in all respects with or junior in interest to the Debentures (other than, with respect to clauses (x) and (y) above, (i) repurchases, redemptions or other acquisitions of shares of capital stock of the Guarantor in connection with any employment contract, benefit plan or other similar arrangement with or for the benefit of one or more employees, officers, directors or consultants, in connection with a dividend reinvestment or stockholder stock purchase plan or in connection with the issuance of capital stock of the Guarantor (or securities convertible into or exercisable for such capital stock) as consideration in an acquisition transaction entered into prior to the occurrence of the Event of Default, Declaration Event of Default or Extension Period, as applicable, (ii) as a result of any exchange or conversion of any class or series of the Guarantor’s capital stock (or any capital stock of a subsidiary of the Guarantor) for any class or series of the Guarantor’s capital stock or of any class or series of the Guarantor’s indebtedness for any class or series of the Guarantor’s capital stock, (iii) the purchase of fractional interests in shares of the Guarantor’s capital stock pursuant to the conversion or exchange provisions of such capital stock or the security being converted or exchanged, (iv) any declaration of a dividend in connection with any stockholders’ rights plan, or the issuance of rights, stock or other property under any stockholders’ rights plan, or the redemption or repurchase of rights pursuant thereto, (v) any dividend in the form of stock, warrants, options or other rights where the dividend stock or the stock issuable upon exercise of such warrants, options or other rights is the same stock as that on which the dividend is being paid or ranks pari passu with or junior to such stock and any cash payments in lieu of fractional shares issued in connection therewith, or (vi) payments under this Guarantee).

  • Description of Transaction 1.1 Merger of Merger Sub into the Company. Upon the terms and subject to the conditions set forth in this Agreement, at the Effective Time (as defined in Section 1.3), Merger Sub shall be merged with and into the Company, and the separate existence of Merger Sub shall cease. The Company will continue as the surviving corporation in the Merger (the “Surviving Corporation”).

  • Execution of Transaction Documents The Transaction Documents shall have been executed and delivered by the parties thereto.