IATA Clearing House definition

IATA Clearing House means the clearing house established by IATA to administer and implement revenue settlement by reference to the Revenue Accounting Manual published by IATA.
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IATA Clearing House means the clearing system operated by IATA through which participating companies can settle their interline xxxxxxxx by offsetting their mutual transaction; ‘‘Indebtedness’’ means indebtedness incurred by the Lessee in respect of (i) moneys borrowed or raised; (ii) any bond, note, loan stock, debenture or similar instrument; (iii) acceptance or documentary credit facilities; (iv) deferred payments for assets or services acquired; (v) payments under leases entered into primarily as a method of raising finance or of financing the asset leased; and (vi) guarantees, bonds, standby letters of credit or other assurances against financial loss in respect of Indebtedness of any person falling within any of (i) to (vi) above; ‘‘Insurances’’ means any and all contracts or policies of insurance, or renewals thereof, required to be effected and maintained by the Lessee pursuant to the provisions of clause 13 and all benefits thereof including claims of whatsoever nature;
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IATA Clearing House. ’ means the clearing system operated by IATA through which participating companies can settle their interline billings by offsetting their mutual transaction;
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Examples of IATA Clearing House in a sentence

  • Notwithstanding Article 7.2 of the Main Agreement, and subject to such setoff provisions of the Capacity Purchase Agreement, settlement of account shall be effected through the IATA Clearing House via the Airlines Clearing House in accordance with the Rules and Regulations of the IATA Clearing House and the Airlines Clearing House.

  • Notwithstanding Article 7.2 of the Main Agreement and subject to the setoff provisions of the Capacity Purchase Agreement, settlement of account shall be effected through the IATA Clearing House via the Airlines Clearing House in accordance with the Rules and Regulations of the IATA Clearing House and the Airlines Clearing House.

  • The Customer and AJW confirm that the settlement of any invoices may, at AJW’s sole discretion, be made via the IATA Clearing House.

  • Fees and charges against members of the IATA Clearing House (“ICH”) or the Airlines Clearing House (“ACH”) shall be collected through the appropriate clearing house unless otherwise agreed.

  • If Participant is a member of the Clearing House (ACH/ICH), all sums payable under the Terms shall be paid through ACH or IATA Clearing House except for any such fees that are reasonably disputed in good faith by Participant.

  • The Customer and AJWT confirm that the settlement of any invoices may, at AJWT’s sole discretion, be made via the IATA Clearing House.

  • The SIS application interfaces with two clearing houses: The IATA Clearing House (ICH), and the Airlines Clearing House (ACH).

  • The Customer and DAI confirm that the settlement of any invoices may, at DAI’s sole discretion, be made via the IATA Clearing House.

  • In the event of any contradi ction between the terms of this F orm and the terms of the Associate Member agreement, the terms of this Form shall prevail.Unless otherwise expressly defined herein, all exp ressions and capitalised terms used herein shall have the same meaning ascribed to them in the IATA Clearing House Regulations.

  • Such mitigation to include: credit assessment, bank or sovereign guarantees, bonds or deposits received, pledge of assets, use of non-recourse (to the N.V. Group) external finance, use of IATA Clearing House for Air Transport Community (ATC) customers, contracted penalties for late payment, or linkage with the provision of network services.

Related to IATA Clearing House

  • Clearing House means a clearing house recognised by the laws of the jurisdiction in which the Shares (or depositary receipts therefor) are listed or quoted on a stock exchange or interdealer quotation system in such jurisdiction.

  • Automated Clearing House or “ACH” means a national and governmental organization that has authority to process electronic payments, including, but not limited to, the national automated clearing house association and the federal reserve system.

  • recognised clearing house means an organisation recognised as such pursuant to FSMA;

  • Clearing House Rules means the Certificate of Incorporation, the By- Laws and any rule, interpretation, stated policy, or instrument corresponding to any of the foregoing, in each case as adopted or amended from time to time by the Clearing House relating to any or all of the Swaps.

  • Boarding house means a residence in which lodging and meals are provided. Each resident of a boarding house is charged a lump sum to cover the costs of lodging and meals with no separate accounting for the fair selling price of the meals.

  • ACH means automated clearing house transfers.

  • EFT means electronic funds transfer.

  • Clearinghouse means the Federal Motor Carrier Safety Administration Commercial Driver's License Drug and Alcohol Clearinghouse.

  • Interstate system means that portion of the National System of Interstate and Defense Highways located within this State, as officially designated, or as may hereafter be so designated, by the Department of Transportation, and approved by the Secretary of Commerce or other appropriate federal official, pursuant to the provisions of Title 23 of the United States Code.

  • Rooming house means any dwelling, or that part of a dwelling containing one or more rooming units in which space is let by the owner or operator to three or more persons who are not husband and wife, son or daughter, mother or father, or sister or brother of the owner or operator.

  • Central Depository means Centrálny depozitár cenných papierov SR, a.s., with its registered seat at ul. 29. augusta 1/A, Bratislava 814 80, Slovak Republic, registered in the Commercial Register maintained by the District Court Bratislava I, Section: Sa, Insert No.: 493/B;

  • Electronic Funds Transfer means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers.

  • Clearing means the clearing and removal of vegetation, whether partially or in whole, including trees and shrubs, as specified;

  • Automated Message Accounting (AMA) means the structure that is inherent in switch technology that initially records Telecommunication message information. AMA format is contained in the Automated Message Accounting document published by iconectiv (formerly known as Telcordia) as GR-1100-CORE, which defines and amends the industry standard for message recording.

  • dwelling house means any residential property assessed as real

  • Electronic Funds Transfer (EFT) indicator means a four-character suffix to the unique entity identifier. The suffix is assigned at the discretion of the commercial, nonprofit, or Government entity to establish additional System for Award Management records for identifying alternative EFT accounts (see subpart 32.11) for the same entity.

  • Lodging House means a building designed or intended to contain, or containing Lodging Units where the residents share access to common areas of the building, other than the Lodging Units;

  • Appropriate office of the state employment service system means the local office of the federal-state national system or public employment offices with assigned responsibility for serving the area where the employment opening is to be filled, including the District of Columbia, Guam, Puerto Rico, and the Virgin Islands.

  • Clearing Account means the account so designated and established by Section 5.04(1) hereof.

  • ACH Network means the funds transfer system, governed by the NACHA Rules, that provides funds transfer services to participating financial institutions.

  • Automated Message Accounting (AMA) is a structure inherent in switch technology that initially records Telecommunication message information. AMA format is contained in the Automated Message Accounting document published by Telcordia (formerly known as Bellcore) as GR-1100-CORE, which defines and amends the industry standard for message recording.

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Recognised Clearing System means any clearing system listed in Section 246A of the Taxes Act (including, but not limited to, Euroclear, Clearstream Banking AG, Clearstream Banking SA and CREST) or any other system for clearing shares which is designated for the purposes of Chapter 1A in Part 27 of the Taxes Act, by the Irish Revenue Commissioners, as a recognised clearing system.

  • Electronic toll collection system means a system of collecting tolls or charges which is capable of charging an account holder the appropriate toll or charge by transmission of information from an electronic device on a motor vehicle to the toll lane, which information is used to charge the account the appropriate toll or charge.

  • State electronic verification system means the system described in Section 26-61a-103.

  • Cash Management Services means any cash management or related services including treasury, depository, return items, overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline system) and other cash management arrangements.