Common use of Funds Settlement Clause in Contracts

Funds Settlement. Transact, through its subcontractors, will complete its Transaction Processing and Funds Transfer settlement obligations by (i) collecting from Campus Cash Merchant accounts all applicable Merchant Discount Fees; (ii) paying the Royalty owed to Customer into Customer's account.

Appears in 2 contracts

Samples: Transact Campus Schedule, Transact Campus Schedule

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Funds Settlement. Transact, through its subcontractorssubcontractor, will complete its Transaction Processing and Funds Transfer settlement obligations by (i) collecting transferring all Merchant Discount Fees from the Campus Cash Merchant accounts all applicable Merchant Discount Fees; (ii) paying to the Royalty owed to Customer into Customer's account.

Appears in 2 contracts

Samples: Transact Campus Schedule, Transact Campus Schedule

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