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
AutoNDA by SimpleDocs
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

  • PAYMENT AND SETTLEMENT You shall deliver to the Manager on the date and at the place and time specified in the applicable AAU (or on such later date and at such place and time as may be specified by the Manager in a subsequent Wire) the funds specified in the applicable AAU, payable to the order of Xxxxxxx Xxxxx Xxxxxx Inc., for (i) an amount equal to the Offering Price plus (if not included in the Offering Price) accrued interest, amortization of original issue discount or dividends, if any, specified in the Prospectus or Offering Circular, less the applicable Selling Concession in respect of the Firm Securities to be purchased by you, (ii) an amount equal to the Offering Price plus (if not included in the Offering Price) accrued interest, amortization of original issue discount or dividends, if any, specified in the Prospectus or Offering Circular, less the applicable Selling Concession in respect of such of the Firm Securities to be purchased by you as shall have been retained by or released to you for direct sale as contemplated by Section 3.6 hereof or (iii) the amount set forth or indicated in the applicable AAU, as the Manager shall advise. You shall make similar payment as the Manager may direct for Additional Securities, if any, to be purchased by you on the date specified by the Manager for such payment. The Manager will make payment to the Issuer or Seller against delivery to the Manager for your account of the Securities to be purchased by you, and the Manager will deliver to you the Securities paid for by you which shall have been retained by or released to you for direct sale. If the Manager determines that transactions in the Securities are to be settled through the facilities of DTC or other clearinghouse facility, payment for and delivery of Securities purchased by you shall be made through such facilities, if you are a member, or, if you are not a member, settlement shall be made through your ordinary correspondent who is a member.

  • EXECUTION OF SETTLEMENT AGREEMENT This Settlement Agreement may be signed in one or more counterparts which together shall constitute a binding agreement.

  • Time of Settlement RSUs shall be settled promptly upon expiration of the Restricted Period without forfeiture of the RSUs (i.e., upon vesting), but in any event within 60 days after expiration of the Restricted Period, by delivery of one share of Common Stock for each RSU being settled, or, at the discretion of the Company, the cash equivalent thereof; provided, however, that settlement of an RSU shall be subject to Plan Section 11(k), including if applicable the six-month delay rule in Plan Sections 11(k)(i)(C)(2) and 11(k)(i)(G); provided further, that no dividend or dividend equivalents will be paid, accrued or accumulated in respect of the period during which settlement was delayed. (Note: This rule may apply to any portion of the RSUs that vest after the time you become Retirement eligible under the Plan, and could apply in other cases as well). Settlement of RSUs which directly or indirectly result from adjustments to RSUs shall occur at the time of settlement of, and subject to the restrictions and conditions that apply to, the granted RSUs. Settlement of cash amounts which directly or indirectly result from adjustments to RSUs shall be included as part of your regular payroll payment as soon as administratively practicable after the settlement date for the underlying RSUs, and subject to the restrictions and conditions that apply to, the granted RSUs. Until shares are delivered to you in settlement of RSUs, you shall have none of the rights of a stockholder of the Company with respect to the shares issuable in settlement of the RSUs, including the right to vote the shares and receive actual dividends and other distributions on the underlying shares of Common Stock. Shares of stock issuable in settlement of RSUs shall be delivered to you upon settlement in certificated form or in such other manner as the Company may reasonably determine. At that time, you will have all of the rights of a stockholder of the Company.

  • The Settlement Following mediation with a neutral party, a Settlement has been reached. As part of the Settlement, a Qualified Settlement Fund of $39,500,000 will be established to resolve the Class Action. The Net Settlement Amount is $39,500,000 minus any Administrative Expenses (including taxes and tax expenses), Court-approved Attorneys’ Fees and Costs, and Class Representative Compensation. The Net Settlement Amount will be allocated to Class Members according to a Plan of Allocation to be approved by the Court.

  • Modification of Settlement Agreement Any modification to this Settlement Agreement shall be in writing and signed by the Parties.

  • Application of Settlement Agreement 10.1 This Settlement Agreement shall apply to, be binding upon, and inure to the benefit of, CAG and the Releasees and Downstream Releasees identified in Section 2 above.

  • TERMS OF SETTLEMENT The Respondent agrees to the following terms of settlement:

  • Effect of Settlement Neither the Grantee nor any of the Grantee’s successors, heirs, assigns or personal representatives shall have any further rights or interests in any Restricted Stock Units that have been paid and settled. Although a settlement date or range of dates for settlement are specified above in order to comply with Code Section 409A, the Company retains discretion to determine the settlement date, and no Grantee or beneficiary of a Grantee shall have any claim for damages or loss by virtue of the fact that the market price of Common Stock was higher on a given date upon which settlement could have been made as compared to the market price on or after the actual settlement date (any claim relating to settlement will be limited to a claim for delivery of Shares and related dividend equivalents).

  • Form of Settlement Notwithstanding any discretion contained in the Plan or anything to the contrary in the Agreement, the RSUs are payable in Shares only.

  • Enforcement of Settlement Agreement 11.1 Any party may file suit before the Superior Court of the County of Los Angeles, consistent with the terms and conditions set forth in paragraphs 11.2 and 11.3 of this Settlement Agreement, to enforce the terms and conditions contained in this Settlement Agreement. The prevailing party shall be entitled to its reasonable attorneys' fees and costs associated with such enforcement.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!