Examples of Funding Arrangement in a sentence
For the avoidance of doubt, MarTrust and Monavate shall have the right to set-off, transfer or apply funds held in the E-wallet or received via the Funding Arrangement towards the satisfaction of any Fees or other liabilities (including a Shortfall) owed by you to either MarTrust or Monavate that you have not otherwise paid when due.
You agree that once we or MarTrust make this Shortfall known to you, we or MarTrust, as the circumstances may require, may charge you for the Shortfall amount and deduct the amount from the balance of funds loaded into the E-wallet or via the Funding Arrangement.
E-Money means the monetary value issued by us to your E-wallet on receipt of funds from MarTrust which are due to you via the Funding Arrangement, or other funds that may be transferred to your E-wallet.
The E-wallet is an E-Money account, which will be funded by MarTrust via the Funding Arrangement with your Employer or through transfers from other E-wallet holders who are part of the MarTrust Seafarer Programme (for example: your fellow crew members).
MarTrust will initially contact your Employer as part of this process to determine scope and requirements of the Seafarer programme and Funding Arrangement, MarTrust will also liaise with you (and your Employer) as part of the application process to gather all such information and detail as MarTrust (and Monavate) reasonably require to determine your application for the Services and, if you are accepted, provide the Services to you.