Payments Received by Client Sample Clauses

Payments Received by Client. Client warrants and represents that at the time Purchaser purchases an Accepted Purchase Order, no payment will have been made by the customer named therein, either to or for the benefit of the Client, with respect to such Purchase Order. In the event that Client receives a payment that is the property of Purchaser, Client shall be deemed to have received same, in trust for Purchaser, and Client shall immediately turn over such payment, in kind, to Purchaser. In the event that Client receives a payment which is comprised of moneys belonging partially to Client and partially to Purchaser, Client shall immediately turn over said payment, in its original form/entirety, duly endorsed over, to Purchaser, and Purchaser shall, upon clearance by Purchaser’ bank of the payment instrument, forward a check to Client for Client’s portion of the payment.
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Payments Received by Client. CLIENT shall not accept payments for fees invoiced by CONTRACTOR. To ensure proper accounting, if CLIENT receives a payment on-site or electronically for an invoice generated by CONTRACTOR, CLIENT will inform CONTRACTOR via email to xxxxxxx@xxxxxx-xx.xxx. CLIENT will either refund payment directly to the payor, remit the funds to CONTRACTOR, or retain the funds with the implied understanding that the payment will be listed on the relevant monthly Collection Report and is subject to CONTRACTOR’s service fee.
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Payments Received by Client. Client warrants and represents that at the time Funder purchases an Accepted Purchase Order, no payment will have been made by the Customer named therein, either to or for the benefit of the Client, with respect to such Accepted Purchase Order. In the event that Client receives a payment which is the property of Funder, Client shall be deemed to have received same in trust for Funder, and Client shall immediately turn over such payment to Funder. In the event that Client receives a payment which is comprised of moneys belonging partially to Client and partially to Funder, Client shall immediately turn over said payment, in its original form, duly endorsed over, to Funder, and Funder shall, upon clearance by Funder's bank of the payment instrument, forward a check to Client for Client's portion of the payment. If Client fails to turn over to Funder any checks which are the property of Funder or other form of payment which is the property of Funder received by it or in the event the Client deposits any such checks into its own account, this shall be an event of default of this contract, and in addition the Client shall pay Funder the entire Invoice Amount related to such payment at once plus liquidated damages equal to twenty percent (20%) of the amount so deposited. The parties agree to liquidate damages by reason of the fact that the damages that are to be expected as a result of such deposit are uncertain in amount and/or difficult to prove. The parties therefore intend to liquidate damages resulting from such deposit in advance and agree that the amount stipulated is reasonable as damages for the deposit by Client of such payments. Nothing herein shall serve to limit Funder's remedies for the continued wrongful retention by Client of Funder's property in the event that Client fails to immediately pay to Funder any monies received by it.
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Payments Received by Client. Client warrants and represents that at the time Factor purchases an Account, no payment will have been made by the Customer named therein, either to or for the benefit of the Client. In the event that Client receives a payment which is the property of Factor, Client shall be deemed to have received same in trust for Factor, and Client shall immediately turn over such payment to Factor. In the event that Client receives a payment which is comprised of monies belonging partially to Client and partially to Factor, Client shall immediately turn over said payment, in its original form, duly endorsed over, to Factor, and Factor shall, upon clearance by Factor's bank of the payment instrument, forward a check to Client for Client's portion of the payment.
Sample 1
Payments Received by Client. Client warrants and represents that at the time Crossroads purchases an Accepted Purchase Order, no payment will have been made by the customer named therein, either to or for the benefit of the Client, with respect to such Purchase Order. In the event that Client receives a payment that is the property of Crossroads, Client shall be deemed to have received same, in trust for Crossroads, and Client shall immediately turn over such payment, in kind, to Crossroads. In the event that Client receives a payment which is comprised of moneys belonging partially to Client and partially to Crossroads, Client shall immediately turn over said payment, in its original form/entirety, duly endorsed over, to Crossroads, and Crossroads shall, upon clearance by Crossroads’ bank of the payment instrument, forward, subject to the provisions of Section 8 hereof, a check to Client for Client’s portion of the payment.
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Payments Received by Client. Should Client receive payment of all or any portion of an Account sold pursuant to this Agreement, Client shall immediately notify ICC of the receipt of the payment, hold said payment in trust for ICC separate and apart from Client's own property and funds, and shall deliver said payment to ICC without delay in the identical form in which received if possible. Should Client receive a check or other instrument of payment representing payment of amounts due to both ICC and Client, Client shall surrender said check or payment instrument to ICC and ICC shall refund Client's portion to Client. In the event any merchandise, the sale of which gave rise to an Account purchased by ICC, is returned to or repossessed by Client, such merchandise shall be held by Client in trust for ICC, separate and apart from Client's own property and subject to ICC's sole direction and control.
Sample 1

Related to Payments Received by Client

  • Payments Received The Seller shall apply all payments received in respect of the Mortgage Loans during the Interim Servicing Period and after the Transfer Date in accordance with the Servicing Transfer Instructions.

  • Mortgage Payments Received After Transfer Date The amount of any related Monthly Payments received by the Seller after the related Transfer Date shall be forwarded to the Purchaser by overnight mail within one (1) Business Day following the date of receipt. The Seller shall notify the Purchaser of the particulars of the payment, which notification requirement shall be satisfied if the Seller forwards with its payment sufficient information to permit appropriate processing of the payment by the Purchaser. The Seller shall assume full responsibility for the necessary and appropriate legal application of such Monthly Payments received by the Seller after the related Transfer Date with respect to related Mortgage Loans then in foreclosure or bankruptcy; provided, for purposes of this Agreement, necessary and appropriate legal application of such Monthly Payments shall include, but not be limited to, endorsement of a Monthly Payment to the Purchaser with the particulars of the payment such as the account number, dollar amount, date received and any special Mortgagor application instructions and the Seller shall comply with the foregoing requirements with respect to all Monthly Payments received by it after the related Transfer Date.

  • Taxes and Fees Imposed on Purchasing Party But Collected And Remitted By Providing Party 11.3.1 Taxes and fees imposed on the purchasing Party shall be borne by the purchasing Party, even if the obligation to collect and/or remit such taxes or fees is placed on the providing Party. 11.3.2 To the extent permitted by applicable law, any such taxes and/or fees shall be shown as separate items on applicable billing documents between the Parties. Notwithstanding the foregoing, the purchasing Party shall remain liable for any such taxes and fees regardless of whether they are actually billed by the providing Party at the time that the respective service is billed. 11.3.3 If the purchasing Party determines that in its opinion any such taxes or fees are not payable, the providing Party shall not xxxx such taxes or fees to the purchasing Party if the purchasing Party provides written certification, reasonably satisfactory to the providing Party, stating that it is exempt or otherwise not subject to the tax or fee, setting forth the basis therefor, and satisfying any other requirements under applicable law. If any authority seeks to collect any such tax or fee that the purchasing Party has determined and certified not to be payable, or any such tax or fee that was not billed by the providing Party, the purchasing Party may contest the same in good faith, at its own expense. In any such contest, the purchasing Party shall promptly furnish the providing Party with copies of all filings in any proceeding, protest, or legal challenge, all rulings issued in connection therewith, and all correspondence between the purchasing Party and the taxing authority. 11.3.4 In the event that all or any portion of an amount sought to be collected must be paid in order to contest the imposition of any such tax or fee, or to avoid the existence of a lien on the assets of the providing Party during the pendency of such contest, the purchasing Party shall be responsible for such payment and shall be entitled to the benefit of any refund or recovery. 11.3.5 If it is ultimately determined that any additional amount of such a tax or fee is due to the imposing authority, the purchasing Party shall pay such additional amount, including any interest and penalties thereon. 11.3.6 Notwithstanding any provision to the contrary, the purchasing Party shall protect, indemnify and hold harmless (and defend at the purchasing Party’s expense) the providing Party from and against any such tax or fee, interest or penalties thereon, or other charges or payable expenses (including reasonable attorney fees) with respect thereto, which are incurred by the providing Party in connection with any claim for or contest of any such tax or fee. 11.3.7 Each Party shall notify the other Party in writing of any assessment, proposed assessment or other claim for any additional amount of such a tax or fee by a taxing authority; such notice to be provided, if possible, at least ten (10) days prior to the date by which a response, protest or other appeal must be filed, but in no event later than thirty (30) days after receipt of such assessment, proposed assessment or claim.

  • Payments Not Received (a) Payments are due and payable on the date of issue indicated on the bill for collection. When a payment for timber cut and other charges is not received at the location designated by Forest Service by the date allowed in the bill for collection for receipt of payment, Contracting Officer will suspend all or any part of Purchaser’s Operations until payment or acceptable payment guarantee is received. Other charges include, but are not limited to: (i) Slash disposal, road maintenance, and contract Scaling deposits; (ii) Cooperative work at rates established by specific agreement under B4.218; (iii) Damages pursuant to B9.4; (iv) Road use fees; B4.22; (v) Restoration of downpayment pursuant to (vi) Periodic payments pursuant to B4.213;

  • Collection Where Payment Refused The Custodian shall not be required to take action to effect collection of any amount, if the Securities upon which such amount is payable are in default, or if payment is refused after due demand or presentation, unless and until it shall be directed to take such action and it shall be assured to its satisfaction of reimbursement of its related costs and expenses.

  • Collections Received Each of the SPV and the Master Servicer shall hold in trust, and deposit, immediately, but in any event not later than one Business Day of its receipt thereof, to a Blocked Account or, if required by Section 2.9, to the Collection Account, all Collections received by it from time to time.

  • Payments From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date.

  • Payments Due on Non-Business Days Anything in this Agreement or the Notes to the contrary notwithstanding, any payment of principal of or Make-Whole Amount or interest on any Note that is due on a date other than a Business Day shall be made on the next succeeding Business Day without including the additional days elapsed in the computation of the interest payable on such next succeeding Business Day.

  • Payments by Wire-Transfer All payments under this Single Family Shared-Loss Agreement shall be made by wire-transfer in accordance with the wire-transfer instructions on Exhibit 4.

  • Prepayments Payments Taxes Mandatory and Voluntary Payment; Mandatory and Voluntary Reduction of Commitments.................................. 10 3.02

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