Instalment. 3.1 In case of an imbalance in exchanges between designated operators, an instalment shall be paid by the issuing designated operator to the paying designated operator, at least once a month, at the beginning of the settlement period. In cases where increasing the frequency of settlement of exchanges reduces the period to less than a week, operators can agree to waive this instalment.
Appears in 7 contracts
Samples: Postal Payment Services Agreement, Postal Payment Services Agreement, Postal Payment Services Agreement
Instalment. 3.1 In case of an imbalance in exchanges between designated operators, an instalment shall be paid by the issuing designated operator to the paying designated operator, at least once a month, at the beginning of the settlement period. In cases where increasing the frequency of settlement settle- ment of exchanges reduces the period to less than a week, operators can agree to waive this instalment.
Appears in 3 contracts
Samples: Universal Postal Union Agreements, Universal Postal Union Agreements, Eighth Additional Protocol to the Constitution of the Universal Postal Union
Instalment. 3.1 In case of an imbalance in exchanges between designated operators, an instalment shall be paid by the issuing designated operator to the paying designated operator, at least once a month, at the beginning of the settlement period. In cases where increasing the frequency of settlement of exchanges reduces the period to less than a week, operators can agree to waive this instalment.
3.2 Instalments shall not be admitted for settlements taking place through the centralized clearing and settlement system.
Appears in 1 contract
Samples: Postal Payment Services Agreement
