Common use of Delay in Settlement Clause in Contracts

Delay in Settlement. If the Merchant fails to receive any Settlement Fund within a reasonable period and requests the Acquirer to inquire into the issue with the Acquirer's paying bank, the Acquirer shall deliver a written explanationn of the specific reason for the Merchant's failure to receive the payment within 1 Business Day after receiving such request from the Merchant, and shall reasonably cooperate with and assist the Merchant as reasonably required to resolve the issue. SCHEDULE 3

Delay in Settlement. If the Merchant fails to receive any Settlement Fund Funds within a reasonable period and requests the Acquirer to inquire into the issue with the Acquirer's paying bank, the Acquirer shall deliver a written explanationn explanation of the specific reason for the Merchant's failure to receive the payment within 1 Business Day after receiving such request from the Merchant, and shall reasonably cooperate with and assist the Merchant as reasonably required take all steps necessary to resolve the issueissue and ensure the receipt of the Settlement Funds by the Merchant. SCHEDULE 3

Delay in Settlement. If the Merchant fails to receive any Settlement Fund Funds within a reasonable period and requests the Acquirer to inquire into the issue with the Acquirer's paying bank, the Acquirer shall deliver a written explanationn of the specific reason for the Merchant's failure to receive the payment within 1 Business Day after receiving such request from the Merchant, and shall reasonably cooperate with and assist the Merchant as reasonably required take all steps necessary to resolve the issueissue and ensure the receipt of the Settlement Funds by the Merchant. SCHEDULE 3