Collected Payments means collections and payments received by Summit on Accounts of Client, less all interest, Fees and Charges, amounts due and payable to Summit by Client, deductions and setoffs. Credits for Collected Payments shall be provisional and subject to final payment and collection of the deposited item. For purposes of calculating interest owing, Collected Payments delivered to a bank or other agent on behalf of Summit shall be deemed received Three (3) Banking Business Days after the date of receipt of advice by Summit from the bank or agent that the Collected Payments have been credited to the account of Summit.
Collected Payments means collections and payments received by Lender on Accounts of Borrower. Credits for Collected Payments shall be provisional and subject to final payment and collection of the deposited item.
Collected Payments means collections and payments received by Purchaser on one or more Account of Seller. Credits for Collected Payments are provisional and subject to Clearance Days.
Examples of Collected Payments in a sentence
Transfer of Funds will be made by setting off the amounts due to us against the Collected Payments due to you (hereinafter the “Settlement Payments”).
More Definitions of Collected Payments
Collected Payments means Payments collected by Magnum for all Users under the Agreement as part of the provision of the Services;
Collected Payments means all electronic payments collected by Hazlnut’s Third Party Payment Provider from Customers for Order Prices.
Collected Payments means Smart2Pay Payments from Merchant's Customers effectively collected by Smart2Pay or a Smart2Pay related entity on behalf of the Merchant, as a part of the Smart2Pay Services;
Collected Payments means all electronic payments collected by Gonogo’s Third Party Payment Provider from
Collected Payments means collections and payments received by Transfac on Accounts of Client, less all Fees and Charges, amounts due and payable to Transfac by Client, deductions and setoffs. Credits for Collected Payments shall be provisional and subject to final payment and collection of the deposited item. For purposes of this Agreement, Collected Payments will not be deemed collected by Transfac until five (5) business days after the check or other payment therefore is received by Transfac. "Contract Term" means a period of six (6) months commencing on the date of this Agreement and thereafter successive periods of twelve (12) months commencing upon completion of each prior Contract Term.