02.02.2013 Views

Maestro Global Rules (PDF) - MasterCard

Maestro Global Rules (PDF) - MasterCard

Maestro Global Rules (PDF) - MasterCard

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Customer Obligations<br />

3.18 Expenses of Customers<br />

An Affiliate and its Sponsoring Principal may make other agreements or<br />

arrangements governing their relationships (including such matters as fees),<br />

providing these agreements or arrangements comply with the paragraph above.<br />

3.18 Expenses of Customers<br />

Each Customer is responsible for all the expenses they incur to comply with<br />

the <strong>Rules</strong>, and the regulations, policies and technical specifications of the<br />

Corporation, including, but not limited to computer hardware and software<br />

modifications, establishing and maintaining communication lines between a<br />

Processor and the Interchange System, and between each POI Terminal and its<br />

data processing facility. Nothing contained in this section limits the freedom<br />

of each Principal and Affiliate to negotiate the terms and conditions of their<br />

Sponsorship or License.<br />

3.19 Fees, Expenses and Other Payment Obligations<br />

If a Customer does not timely pay the Corporation or any other person<br />

any amount due under the Standards, then the Corporation has the right,<br />

immediately and without providing prior notice to the Customer, to assess<br />

and collect from that Customer, on a current basis as the Corporation deems<br />

necessary or appropriate, such amount, as well as the actual attorneys’ fees and<br />

other costs incurred by the Corporation in connection with any successful effort<br />

to collect such amount from that Customer.<br />

The Corporation may assess and collect such amount at any time after the<br />

applicable amount becomes due, by any means available to the Corporation,<br />

which shall specifically include, by way of example and not limitation:<br />

1. The taking or setoff of funds or other assets of the Customer held by the<br />

Corporation;<br />

2. The taking or setoff of funds from any account of the Customer upon which<br />

the Corporation is authorized to draw;<br />

3. The taking of funds due to the Customer from any other Customer; and<br />

4. The taking of funds being paid by the Customer to any other Customer.<br />

Each Customer expressly authorizes the Corporation to take the Customer’s<br />

funds and other assets as authorized by this Rule, and to apply such funds and<br />

other assets to any obligation of the Customer to the Corporation or any other<br />

person under the Standards, and no Customer shall have any claim against the<br />

Corporation or any other person in respect of such conduct by the Corporation.<br />

Each Customer agrees upon demand to promptly execute, acknowledge and<br />

deliver to the Corporation such instruments, agreements, lien waivers, releases,<br />

and other documents as the Corporation may, from time to time, request in<br />

order to exercise its rights under this Rule.<br />

©1993–2012 <strong>MasterCard</strong>. Proprietary. All rights reserved.<br />

<strong>Maestro</strong> <strong>Global</strong> <strong>Rules</strong> • 9 November 2012 3-17

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!