Postage Deposit Clause Samples

The Postage Deposit clause requires one party, typically the client or recipient, to provide an upfront deposit to cover anticipated mailing or shipping costs associated with the agreement. This deposit is usually held by the service provider and used to pay for postage expenses as they arise, with any unused balance potentially refunded at the end of the contract. The core function of this clause is to ensure that sufficient funds are available to cover mailing costs, thereby preventing delays or disputes over payment for postage during the course of the agreement.
POPULAR SAMPLE Copied 1 times
Postage Deposit. InfoSend purchases the postage needed to mail Client documents on the day of mailing. The postage charges are later invoiced to Client based on the Client’s payment terms. InfoSend requires Client to submit a postage deposit prior to the first mailing to facilitate the payment terms. This amount will remain in deposit for the duration of the Agreement. Upon Agreement expiration or termination Client must pay in full any outstanding invoices from InfoSend for payables created under this Agreement; the postage deposit will be refunded within fifteen (15) days of the date that the last open invoice is paid. The postage deposit is subject to an annual review and may be adjusted to account for changes to Client average mailing volume or changes to USPS postage rates. There will be no more than one adjustment requested per year, if at all. The postage deposit amount is calculated by multiplying the estimated number of mail pieces per month by the current 5-Digit pre- sorted first class postage rate. The postage deposit amount due for your account is: 4,400 mail pieces per month x $0.38 x 2 = $3.344.00.
View SourceView Similar (3)
Postage Deposit. InfoSend purchases the postage needed to mail Client documents on the day of mailing. The postage charges are later invoiced to Client based on the Client’s payment terms. InfoSend requires Client to submit a postage deposit prior to the first mailing to facilitate the payment terms. This amount will remain in deposit for the duration of the Agreement. Upon Agreement expiration or termination Client must pay in full any outstanding invoices from InfoSend for payables created under this Agreement; the postage deposit will be refunded within fifteen (15) days of the date that the last open invoice is paid. The postage deposit amount is calculated by multiplying the estimated number of mail pieces per month x average number of months floated x current 5-Digit pre-sorted first class postage rate. The postage deposit amount due for your account is: 4,700 mail pieces per month x $0.545 x 3 = $7,684.00 The postage deposit is subject to ongoing review and may be adjusted at any time to account for changes to Client average mailing volume or changes to USPS postage rates with at least thirty (30) days’ written notice to Client.
View SourceView Similar (2)
Postage Deposit. Innovare Patient Relationship Management maintains a strict policy of collecting a postage deposit from all clients participating in our primary placement program for accounts aged 0-60 days old. Your postage deposit is not deducted from the first month’s ▇▇▇▇, it is held by Innovare Patient Relationship Management on your behalf. This deposit is based on an estimate of your monthly postage usage during the most recent 90-day period occurring prior to the execution of this agreement. Upon termination of your agreement with Innovare Patient Relationship Management, the postage deposit will be refunded less: (i) any outstanding payment due to Innovare Patient Relationship Management. The calculation of your postage deposit is based on the following; # of patient invoices created in the last three completed months divided by 3, multiplied by the current statement/letter fees. Calculation is below. (No. of patient invoices) ______ / _3__ x Actual Cost (Estimated $0.59) = _________ postage deposit. Innovare Patient Relationship Management will not process a customer’s live data file until the postage deposit has been received in full. Clients’ postage deposit can be increased decreased based upon usage in any 90 day period.
View Source
Postage Deposit. This section has been waived.
View Source
Postage Deposit. As of the Effective Date of this Agreement, CSG holds a security deposit equal to the estimated amount of disbursements *** *** (*) ****** as reasonably determined by CSG ***** **** *** ********* ****** ** ********** ******** ** ** ********* ******* ** *** (the “Postage Deposit”) for the payment of expenses described in Section 2 of this Exhibit A-3 (the “Disbursements”). In the event Customer fails to comply with the payment terms set forth in Section 2 *** ***** *********** ******* ******, CSG shall have the right to ******** *** ******* ******* ** ** ********* ****** ** ************* ***** ** ********’* ****** ******* *******. *** *******, ** ********’* ****** ******* ******* ** ****** (**) ******** **** **** *** **** ** ******* *** ***** (*) *********** ******* ******, *** ***** **** *** ***** ** ******** *** ******* ******* ** ** ********* ****** ** ************* ***** ** ****** (**) ******** ****. *** ***** **** *** ***** ** ******** ** ******** **** ********* ******* ******* ***** ******** ******** **** *** ******* ***** *** ***** ** ******* * *** ***** (*) *********** ******* ******. *************** *** *****, *** ******* *********** **** ** *** ***** *** ******* ***** *** ***** ** ******* * *** ******* ** ** **** **** ***** (**) ******** ****, *** ***** ****** *** ******* ******* ** ******* *** ******* ******* ****. At the end of each calendar quarter, if Customer incurs Disbursements greater than the Postage Deposit for any billing month, Customer shall, ****** ***** (**) ******** **** ** ******* ** * ******* **** *** ** ******** *** ******* *******, *** *** *** ********** ****** ** ** ***** ** *** ******* *******. CSG will return to Customer a portion of the Postage Deposit if the Disbursements incurred by Customer on a monthly basis are less than the Postage Deposit for ***** (*) *********** ******* ******. Any portion of the Postage Deposit that remains after the payment of all Undisputed amounts due to CSG following the termination or expiration of this Agreement will be returned to Customer. Customer shall not be entitled to receive interest on the Postage Deposit while any Postage Deposits are maintained by CSG.
View Source
Postage Deposit. As provided in Section 7 of Exhibit A-3 of this Agreement.
View Source
Postage Deposit. Invoice Cloud or its designee purchases the postage needed to mail ▇▇▇▇▇▇ documents on the day of mailing. The postage charges are later invoiced to ▇▇▇▇▇▇ based on the ▇▇▇▇▇▇’▇ payment terms. Invoice Cloud requires ▇▇▇▇▇▇ to submit a postage deposit prior to the first mailing to facilitate the payment terms. Invoice Cloud acknowledges that the required postage deposit has already been submitted by ▇▇▇▇▇▇ as of the Effective Date of the Master Agreement. This amount will remain in deposit for the duration of the Master Agreement. Upon the expiration or termination of the Master Agreement, ▇▇▇▇▇▇ must pay in full any outstanding invoices from Invoice Cloud for payables created under this Master Agreement; the postage deposit will be refunded within fifteen (15) days of the date that the last open invoice is paid. The postage deposit is subject to an annual review and may be adjusted to account for changes to ▇▇▇▇▇▇ average mailing volume or changes to USPS postage rates. There will be no more than one (1) adjustment requested per year. The postage deposit amount is calculated by multiplying the estimated number of mail pieces per month by the current 5-Digit pre-sorted first class postage rate.
View Source

Related to Postage Deposit

  • Postage Postage for mailing of dividends, proxies, Fund reports and other mailings to all shareholder accounts shall be advanced to the Transfer Agent by the Fund at least seven (7) days prior to the mailing date of such materials.

  • Mobile Deposit The Mobile Deposit feature enables you to use a software application together with your Wireless Access Device to create electronic images of the front and back of certain Original Checks (defined below) and transmit those images and other information, including, without limitation, information captured from the magnetic ink character recognition (“MICR”) line, to us for review and processing in accordance with this Agreement.

  • Damage Deposit Upon the due execution of this Agreement, Tenant shall deposit with Landlord the sum of DOLLARS ($ ) receipt of which is hereby acknowledged by Landlord, as security for any damage caused to the Premises during the term hereof. Such deposit shall be returned to Tenant, without interest, and less any set off for damages to the Premises upon the termination of this Agreement.

  • Postal Service The Parties may designate substitute addresses where or persons to whom notices are to be mailed or delivered. However, these substitutions will not become effective until actual receipt of written notification.

  • Class Mail When mailed first class to the last address of the recipient known to the party giving notice, notice is effective three mail delivery days after deposit in a United States Postal Service office or mailbox.