Settlement and monitoring of settlement Sample Clauses

Settlement and monitoring of settlement. At a regular settlement PAYSTRAX will each time deduct from the Merchant’s operating account all costs due, including a commission, fees in accordance with the price list, corrections regarding a previous settlement, etc. If a chargeback is registered, cf. definitions in these terms, PAYSTRAX may deduct from the Merchant’s settlement, without consulting it, a corresponding amount in addition to the related costs of the chargeback. PAYSTRAX may correct all mistakes regarding the registering of transactions, their execution or settlement, including reversed transactions, without consulting the Merchant. PAYSTRAX may also deduct from a settlement, costs regarding service equipment, service solutions and fees/costs of a third party, based on an agreement between parties in this regard. If the Merchant’s balance in respect of PAYSTRAX or any other PAYSTRAX Group Company is negative because of chargebacks, refunds or other reasons, a debt because of this is deemed due when this happens and is payable immediately. PAYSTRAX and any other PAYSTRAX Group Company has the right at their own discretion to net a negative balance to or from other MFA’s and/or operating accounts, registered to the same Merchant identity or owner, within any PAYSTRAX Group Company in order to settle the negative balance of the Merchant. The Merchant authorises PAYSTRAX to register arrears older than 40 (forty) days with corporate arrears register, etc., whether involving arrears because of payment processing or other services provided by PAYSTRAX. The Merchant authorizes the PAYSTRAX to establish a reserve and/or rolling reserve account to ensure PAYSTRAX’s recovery of any liabilities owed to it or reasonably anticipated to be owed to it by the Merchant pursuant to this MFA. Such liabilities include, without limitations, all liabilities in respect of actual and/or potential post-termination chargebacks, post-termination fees, as well as all fee and indemnifications due or anticipated to be due to PAYSTRAX from the Merchant. PAYSTRAX is authorised to collect all fees from the Merchant that the card companies charge PAYSTRAX and is attributable to the Merchant. This can for example be registration fees, fees for conduct, which is not approved, fraud fees, fees regarding security breach, monitoring fees and/or other fees that the card companies can charge PAYSTRAX for the Merchant’s act or omission. When a settlement occurs in a currency other than that of the original transaction, exchange-r...
Sample 1
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Settlement and monitoring of settlement. The merchant undertakes to carefully monitor the balance of its operating account and all corrections that may be made to it. PAYSTRAX may correct all mistakes regarding the registering of transactions, their execution or settlement, including reversed transactions, without consulting the merchant. Otherwise, reference is made to Section 5.2 Settlement and monitoring of settlement.
Sample 1
Settlement and monitoring of settlement. At a regular settlement KORTA will each time deduct from the merchant's payment account all costs due, including a commission, fees in accordance with the price list, corrections regarding a previous settlement, etc. If a chargeback is registered, cf. definitions in these terms, KORTA may deduct from the merchant's settlement, without consulting it, a corresponding amount in addition to the related costs of the chargeback. KORTA may correct all mistakes regarding the registering of transactions, their execution or settlement, including reversed transactions, without consulting the merchant. KORTA may also deduct from a settlement costs regarding service equipment, service solutions and fees/costs of a third party, based on an agreement between parties in this regard. If the merchant's balance in respect of KORTA is negative because of chargebacks, refunds or other reasons, a debt because of this is deemed due when this happens and is payable immediately. KORTA may debit a negative balance from other merchant framework agreements and/or payment accounts registered to the same merchant identity or owner. The merchant authorises KORTA to register arrears older than 40 days with Creditinfo Lánstraust hf.'s arrears register, etc., whether involving arrears because of payment processing or other services provided by KORTA or Korta ehf. KORTA is authorized to collect all fees from the merchant that the card companies charge KORTA and is attributable to the merchant. This can for example be registration fees, fees for conduct which is not approved, fraud fees, fees regarding security breach, monitoring fees and/or other fees that the card companies can charge KORTA for the merchant’s act or omission. When a settlement occurs in a currency other than that of the original transaction, exchange-rate calculations are made in accordance with KORTA's settlement exchange rate, which is the exchange rate published by the Central Bank of Iceland, with a minimal surcharge. Regarding settlement and reversals of payments, reference is made to Section 4.4 and regarding objections on a card payment to Section 4.6. Settlement of debit card transactions is governed by Section 4.5. The merchant monitors whether a settlement is received from KORTA, and it is obligated to make comments in writing to KORTA if a settlement has not been made within a month from the agreed settlement date. If such comments have not been received within 6 months from the date of the transactions, KORTA h...
Sample 1
Settlement and monitoring of settlement. The customer undertakes to carefully monitor the balance of its payment account and all corrections that may be made to it. KORTA may correct all mistakes regarding the registering of transactions, their execution or settlement, including reversed transactions, without consulting the merchant. Otherwise, reference is made to Section 5.2 Settlement and monitoring of settlement.
Sample 1

Related to Settlement and monitoring of settlement

  • Monitoring Compliance with Contract For purposes of monitoring the District’s compliance with this contract, the Department may require the District to provide information or may conduct site visits as needed.

  • Monitoring of Contract Performance The Contractor shall comply with the monitoring arrangements set out in the Monitoring Schedule including, but not limited to, providing such data and information as the Contractor may be required to produce under the Contract.

  • Posting of Agreement 68.1 To ensure that the Parties are aware of the terms of the Agreement, and to assist in any resolution of a disputes or the avoidance thereof a copy of this Agreement shall be retained by the Employer at all times for ready access by any Employee on a project site or via access to the Employer’s intranet, and the Employer will provide a permanent copy for each Union Delegate or Employee representative and Health and Safety Representative on a project site.

  • Banking of RDOs (a) Where the Employer and an Employee agree up to five RDOs may be accrued for the purpose of creating a bank to be drawn upon by the Employee at times mutually agreed. Details of such banked RDOs will be entered on to each Employee’s employment records.

  • Pricing of Services Subcontractor shall provide or perform the Services at the pricing specified in Exhibit ___ to this Subcontract. [ATTACH A XXXX OF MATERIALS, RATE CARD OR OTHER APPROPRIATE COST SHEET COVERING THE SERVICES TO BE PROVIDED.]

  • EVALUATION AND MONITORING The ORGANIZATION agrees to maintain books, records and other documents and evidence, and to use accounting procedures and practices that sufficiently and properly support the complete performance of and the full compliance with this Agreement. The ORGANIZATION will retain these supporting books, records, documents and other materials for at least three (3) calendar years following the year in which the Agreement expires. The COUNTY and/or the State Auditor and any of their representatives shall have full and complete access to these books, records and other documents and evidence retained by the ORGANIZATION respecting all matters covered in and under this Agreement, and shall have the right to examine such during normal business hours as often as the COUNTY and/or the State Auditor may deem necessary. Such representatives shall be permitted to audit, examine and make excerpts or transcripts from such records, and to make audits of all contracts, invoices, materials, and records of matters covered by this Agreement. These access and examination rights shall last for three calendar years following the year in which the Agreement expires. The COUNTY intends without guarantee for its agents to use reasonable security procedures and protections to assure that related records and documents provided by the ORGANIZATION are not erroneously disclosed to third parties. The COUNTY will, however, disclose or make this material available to those authorized by/in the above paragraph or permitted under the provisions of Chapter 42.56 RCW without notice to the ORGANIZATION. The ORGANIZATION shall cooperate with and freely participate in any other monitoring or evaluation activities pertinent to this Agreement that the COUNTY finds needing to be conducted.

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