Common use of Cash Remittances Clause in Contracts

Cash Remittances. The Vendor may receive cash Remittances in mail from a Prudential customer. These Remittances must be logged and a valid Vendor check must be submitted for the cash. The transaction is then placed back into processing. On a daily basis, Prudential must receive a detailed report documenting each cash Remittance received by Vendor since the prior report received by Prudential.