Indirect Payment definition
Indirect Payment means any payment by a Debtor in respect of a Transferred Receivable which is not remitted to a Collection Account.
Indirect Payment means that upon the seller’s request, the total payment made, or to be made, in whole or in part, by the buyer to the third party; or the payment made to offset the differences involved in other financial activities between the buyer and seller.
Indirect Payment means the buyer pays the seller in cash or via non-cash means of payment via a third party at the request of the seller or when the buyer requests a third party to represent the buyer to pay the seller or via offsetting of liabilities between both parties. Credit institutions providing payment services for buyers and sellers are not considered a third party.
Examples of Indirect Payment in a sentence
Failing such repayment being made within five (5) Business Days after receipt of such Indirect Payment, the Factor may debit the corresponding amount from the Current Account, without prejudice to any other recourse.
In the case of Indirect Payment, payment of the Subscription Fee and any service fee charged by the Depositor and payable directly to him (the “ Direct Service Fee” and, together with the Subscription Fee, the “Depositor Fee” and, the Depositor Fee together with the 42escrow Fee, the “Fees”) will be made in accordance with any agreement you will have entered into with the Depositor.
More Definitions of Indirect Payment
Indirect Payment means the payment of rent from a transient directly to a third party who collects the rent directly from the transient and who then remits the rent, in whole or in part, to the operator, and shall include where the transient's rent payment directly to the third party is made or processed using cash, check, credit card, debit card, or any other direct in-person or electronic payment and collection method, but shall exclude the Direct Payment of rent from the transient to the operator.
Indirect Payment means payments that are passed through another entity, such as a management company, condominium association, or other entity from which You receive payments which are a share of the revenue or profits of the pass-through entity.