Vermont ATM Service Agreement

State:
Multi-State
Control #:
US-EG-9125
Format:
Word; 
Rich Text
Instant download

Description

ATM Service Agreement between WORLDCOM Technologies, Inc. and Telocity, Inc. dated August 23, 1999. 12 pages
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FAQ

The key components of an ATM business contract include identifying the parties involved, location and installation of the ATM, fees and revenue sharing, liability and insurance, term and termination, confidentiality and non-disclosure, and governing law and jurisdiction.

An ?at-the-market? (?ATM?) offering is an offering of securities into an existing trading market for the securities at a price or prices related to the then-market price of the securities.

An ATM allows customers with credit or debit cards to carry out basic banking transactions without the aid of a human bank teller. Customers can use them to withdraw cash, check their bank balance or get a printed balance statement. Some ATMs also allow customers to make cash deposits and move funds between accounts.

An ATM agreement or ?at-the-market? (?ATM?) agreement is one in which newly issued securities are sold at a price related to the current market price of the securities. The continuous offerings mechanism provides a flexible way for issuers to raise modest amounts of capital with minimal market impact.

The ATM processing agreement lists your rights and obligations as the ATM owner as well as the rights and obligations of the ATM processor. This will be the legal contract between you and the ATM processor that runs your ATM machine program. This contract also ensures your payment as agreed upon.

ATM stands for Automated Teller Machine which is a self-service banking outlet. You can withdraw money, check your balance, or even transfer funds at an ATM.

The contract should specify the location where the ATM will be installed and the responsibilities of each party related to the installation, maintenance, and repair of the machine. This may include requirements for electrical and phone line connections and any necessary permits or approvals.

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Vermont ATM Service Agreement