Common use of Funds Settlement Clause in Contracts

Funds Settlement. Transact, through its subcontractor, will complete its Transaction Processing and Funds Transfer settlement obligations by transferring all Merchant Discount Fees from the Campus Cash Merchant accounts to the Customer account.

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