Examples of Customer Payments in a sentence
You acknowledge and agree that it is your obligation to determine the circumstances in which refunds will be made to your Customers and to perform any refunds relating to Customer Payments from banking accounts external to our system.
The certification and any audit by the Commission will verify the year to date collections and balances of Prepayments and Deposits as of a specific date and will be used to verify whether the Licensee has the appropriate amount of Customer Payments Bond coverage.
Reversals refers to Customer Payments from a bank account which have been received by us and forwarded by us to you, but which are subsequently reversed by a financial institution or other third party.
Notwithstanding the foregoing, (a) National Grid may terminate or suspend the Program at any time to the extent the applicable regulatory entity terminates or suspends the Program, and (b) payments owed under Section 1 of this Agreement prior to the date of any such revision, suspension and/or termination will be honored pursuant to the Program Materials and terms in effect at the time such Customer Payments were earned.
National Grid will still provide to Provider all Customer Payments owed prior to the Agreement’s date of termination or expiration that are to be sent to Provider in accordance with Section 1 above.