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GLOBAL PAYMENTS DIRECT, INC. DBA OPENEDGE/TSYS MERCHANT SOLUTIONS
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GLOBAL PAYMENTS DIRECT, INC. DBA OPENEDGE/TSYS MERCHANT SOLUTIONS
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Last modified
1/14/2025 3:07:51 PM
Creation date
1/17/2023 11:46:12 AM
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Contracts
Company Name
GLOBAL PAYMENTS DIRECT, INC. DBA OPENEDGE/TSYS MERCHANT SOLUTIONS
Contract #
A-2022-251
Agency
Finance & Management Services
Council Approval Date
12/20/2022
Expiration Date
12/31/2025
Insurance Exp Date
4/1/2025
Destruction Year
2030
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Definitions WHEN USED WITH RESPECT TO INSURANCE UNDER THIS CONTRACT,WORDS <br /> AND PHRASES THAT APPEAR IN BOLD PRINT HAVE THE SPECIAL MEANINGS <br /> DESCRIBED BELOW: <br /> Customer and who makes a claim or brings a suit which arises out of,or is directly or indirectly related to, <br /> (continued) any of the above. <br /> ..... . ........................................::::::. ::. .:: .. .::::::::............................................................................................................................................ <br /> Employee .............................. <br /> . E plo yee lri cl udes a leased worker.Employee does not include a temporary worker. <br /> Financial Instruments Financial instruments means: <br /> • currency,coins,bank notes,and bullion; <br /> • travelers checks,registered checks,food stamps,and money orders held for sale to the <br /> public; <br /> • all negotiable and non-negotiable instruments or contracts that represent either money or <br /> other property held by you in any capacity; <br /> • revenue and other stamps in current use,tickets and tokens; <br /> • property of others that you hold as a pledge or as collateral for a loan; <br /> • commodities,jewelry,precious and semi-precious stones and precious metals in any form; <br /> • insurance policies;and <br /> • certificates of origin or title,deeds,mortgages and abstracts of title. <br /> Foreclosed Property Foreclosed property means property to which you have perfected your right to possession,or to <br /> which you have been given the deed or title,because the property was security for a loan you <br /> owned or serviced and there was a default on that loan. <br /> Hostile Fire Hostile fire means one which becomes uncontrollable or breaks out from where it was intended to <br /> be. <br /> Impaired Property:. :.:::...................................................................................................................................................................................................................................... <br /> p Impaired property means tangible property,other than your product or your work,that cannot <br /> be used or is less useful because: <br /> • it incorporates your product or your work that is known or thought to be defective, <br /> deficient,inadequate or dangerous;or <br /> • you have failed to fulfill the terms or conditions of a contract or agreement; <br /> if such property can be restored to use by: <br /> • the repair,replacement,adjustment or removal of your product or your work;or <br /> • your fulfilling the terms or conditions of the contract or agreement. <br /> Insured::::........................................................ <br /> ......................................................................................................................................................................................................... <br /> ....... ......................................................................................... <br /> Insured means a person or an organization qualifying as an insured in the Who Is An Insured <br /> section of this contract. <br /> Liability Insurance <br /> Form 17-02-3080(Rev.4-01) Contract Page 26 of 32 <br />
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