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 billings by offsetting their mutual transaction;
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IATA Clearing House means the clearing system operated by IATA through which participating companies can settle their interline ▇▇▇▇▇▇▇▇ 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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Examples of IATA Clearing House in a sentence

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

  • 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.

  • 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.

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

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

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

  • If both, the Customer and the Service Provider are members of IATA Clearing House, the invoiced undisputed amount may be withdrawn via IATA Clearing House, following all necessary compliance procedures.

  • In the event that Frontier is a member of the IATA, Frontier hereby irrevocably authorizes LHT to take all steps necessary for the collection of late payments via IATA Clearing House.