Settlement and Finality. 3.1 At the close of each Business Banking Day, FORTE will calculate Merchant’s Settlement Amount, including all applicable debits, credits, fees and adjustments. In the event the sum total of the Settlement Amount is a non- zero value, FORTE will initiate a Settlement transaction to Merchant’s Settlement Account. Positive totals will result in a Credit to Merchant’s Settlement Account; negative totals will result in a Debit to Merchant’s Settlement Account.
Appears in 8 contracts
Samples: Merchant Services Agreement, Merchant Services Agreement, Merchant Services Agreement
Settlement and Finality. 3.1 At the close of each Business Banking Day, FORTE will calculate Merchant’s Settlement Amount, including all applicable debits, credits, fees and adjustments. In the event the sum total of the Settlement Amount is a non- non-zero value, FORTE will initiate a Settlement transaction to Merchant’s Settlement Account. Positive totals will result in a Credit to Merchant’s Settlement Account; negative totals will result in a Debit to Merchant’s Settlement Account.
Appears in 2 contracts
Samples: Merchant Services Agreement, Merchant Services Application and Agreement
Settlement and Finality. 3.1 6.3.1 At the close of each Business Banking Day, FORTE Xxxxx will calculate Merchant’s Settlement Amount, including all applicable debits, credits, fees and adjustments. In the event the sum total of the Settlement Amount is a non- non-zero value, FORTE Forte will initiate a Settlement transaction to Merchant’s Settlement Account. Positive totals will result in a Credit to Merchant’s Settlement Account; negative totals will result in a Debit to Merchant’s Settlement Account.
Appears in 1 contract
