Settlement Principles i. Settlement between both Parties’ mobile networks: The two different settlement methods for mobile calls between different provinces are as follows:
Settlement Principles. 5.1. All settlements specified in the Financing Agreement and made by the Lender, Scramble and the Borrower under the Financing Agreement shall be made via the Virtual Accounts of the Lender and the Borrower registered pursuant to the Terms of Use. To make contractual payments (incl. disbursement of the Loan Principal Amount, Loan Principal repayments, and any and all contractual interest, fees and penalties), the Lender and the Borrower issue an irrevocable authorization to Scramble to credit the amount specified in the Financing Agreement to the extent and at the time specified in the Financing Agreement from the paying party’s Virtual Account and debit the receiving party’s Virtual Account in the same amount. The payment shall be deemed to be made when the receiving party’s Virtual Account is debited.
Settlement Principles. (1) The Merchant may submit to EVO payment claims due against Cardholders for supplies of goods and services by the Mer-‐ chant that were created during the term of the services for Card acceptance in the Card-‐Present Business by using and presenting a Payment Card.
Settlement Principles
