Payment by Bank. 4.1.1. The Bank will pay to the Company, as full consideration for any Transaction between the Company and any Cardholder using a Credit Card, as to which the Company has complied with the provisions of Section 3 above, the amount shown on the records of the Company for each Transaction, including all applicable shipping, handling and taxes, less a discount, which discount shall be equal to the discount rate determined in accordance with Section 4.1.5 (expressed as a fraction) multiplied by the amount shown on the records of the Company for each Transaction (exclusive of all applicable shipping, handling and taxes).
4.1.2. The Bank will pay such amount by transferring immediately available funds to an account designated by the Company at any bank to which the Bank may make electronic fund transfers before the end of the second Business Day following the receipt by the Bank of the information required by Section 3.1 or 3.2, such information to be properly formatted and edited and transferred via a telecommunications connection between the Company and the Bank pursuant to such computer programs and telecommunications protocols as the Bank may, in its reasonable discretion, designate from time to time, subject to reasonable prior notice. The Company will transmit (in the manner referred to above) to the Bank an audited and balanced file in the format specified by the Bank containing all such information within two Business Days after the occurrence of the underlying Transaction; PROVIDED that if, as a result of technical disruptions, any store locations are not polled within a normal period after the occurrence of the underlying Transactions, the Company will transmit such information relating to such store locations as soon as reasonably practicable after polling is completed.
4.1.3. The Company may not attempt to collect any amount from any Cardholder with respect to a Transaction which has been paid for by the Bank under this Section 4.1 and not charged back to the Company pursuant to Section 3.5.
4.1.4. The Company will, consistent with past practices, accept payments from Cardholders for amounts due on Credit Cards ("IN-STORE PAYMENTS"). Any In-Store Payments received by the Company will be held in trust for the Bank and its assigns and netted against amounts payable by the Bank pursuant to Section 4.1.1 (PROVIDED that the Company shall not be required to keep In-Store Payments separate from other payments received by the Company) and evidence of such pa...
Payment by Bank. In the event that (a) an Early Termination Date occurs or is designated with respect to the Transaction as a result of a Termination Event or an Event of Default (other than an Event of Default arising under Section 5(a)(ii) or 5(a)(iv) of the Agreement) and, as a result, Bank owes to Company an amount calculated under Section 6(e) of the Agreement, or (b) Bank owes to Company, pursuant to Section 12.7 or Section 12.9 of the Equity Definitions, an amount calculated under Section 12.8 of the Equity Definitions, such amount shall be deemed to be zero.
Payment by Bank. (a) The Bank shall at all times be entitled to make any payment under any BG-i issued for which a demand has been made without further investigation or enquiry and need not concern itself with the propriety of any claim made by the Customer or any other third party or that the Bank was or might have been justified in refusing payment, in whole or in part, of the amount so demanded.
(b) The Bank shall not in any circumstances whatsoever be liable to the Customer in respect of any loss or damage suffered by the Customer in consequence of the Bank making a payment under a BG-i.
Payment by Bank. (a) The Bank shall at all times be entitled to make any payment under any SG-i issued for which a demand has been made without further investigation or enquiry and need not concern itself with the propriety of any claim made by the Customer or any other third party.
(b) The Bank shall not in any circumstances whatsoever be liable to the Customer in respect of any loss or damage suffered by the Customer in consequence of the Bank making a payment under a SG-i.
Payment by Bank. On or as soon as practicable after the --------------- Effective Date, the Bank shall pay to the Trustee the amount of $137,185, which payment shall be made by a check payable to "John S. Pereira as chapter 7 trustee of the estates of Trace Internatxxxxx Xxxxxxxx, Inc., et al."
Payment by Bank. 13.1 Merchant may claim payment from the Bank in respect of all Card Transaction by performing settlement via POS terminal within three (3) Business Days of the transaction date.
13.2 In the event the settlement in clause 13.1 is not able to be performed or received by the Bank, the Merchant may claim payment from the Bank by presenting all Sales Slips in accordance with the provisions of the Agreement to the Bank within three (3) Business Days of the transaction date, at such place as the Bank shall from time to time designate to the Merchant.
13.3 All figures shown on the Sales Slips submitted are subject to final audit and checking by the Bank, and the Merchant agrees that the Bank shall not be obliged to make payment to the Merchant in respect of the Sales Slips submitted which the provisions of the Agreement have not been observed. In respect of each Card Transaction, provided that the provisions of the Agreement have been observed, the Bank will pay to the Merchant an amount equal the total amount shown on the Sales Slips submitted less the Merchant Discount, subject to the provisions of the Agreement relating to withholding of payments, chargebacks and adjustments.
13.4 All payments by the Bank shall be made in Ringgit Malaysia unless otherwise stipulated by the Bank. The Bank will make payment to the Merchant within three (3) Business Days from the date of settlement performed in clause 13.1 or from the time of receipt of the Sales Slip from the Merchant in normal circumstances, as the case may be, or such other period as the Bank may inform the Merchant of from time to time.
13.5 Payment by the Bank does not constitute confirmation that the transactions are accepted according to the conditions and procedures stated herein or free of irregularity. The Bank reserves the right at its absolute discretion to claim back from the Merchant any payment made in accordance with the provisions of Clause 14.
13.6 In order for the Bank to effect payment to the Merchant, the Merchant is required to assigned valid company current account to the Bank and any payments due from the Bank to the Merchant shall be credited directly to the assigned company current account. Any payment due from the Merchant to the Bank may be recovered by the Bank in the manner stipulated in Clause 14.
13.7 The Bank reserves the right not to pay the Merchant and not to credit the Merchant Account with the relevant amount, or if the Bank has already paid or credited the Merchant Account w...
Payment by Bank. 4.1.1 The Bank will pay to the Company, as full consideration for any Transaction between the Company and any Cardholder using a Credit Card, as to which the Company has complied with the provisions of Section 3 above, the amount shown on the records of the Company for each Transaction, including all applicable shipping, handling and taxes, less a discount, which discount shall be equal to the discount rate determined in accordance with
Payment by Bank. All sums delivered to Bank pursuant to this Agreement shall be held by Bank and paid as rent, and other obligations as the same are payable pursuant to the Ground Sublease provided sufficient funds have been deposited hereunder.
Payment by Bank. Bank shall pay the amount stated in the invoice(s) to Medallion within thirty (30) days following receipt of such invoice(s) by a mutually agreed upon payment method to an account designated by Medallion.
