Merchant Funds definition

Merchant Funds means any loss reserves, deposits, suspended/held funds and any other monies or accounts consisting of any Merchants’ funds, whether held by Loan Parties, their Subsidiaries or third parties.
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Merchant Funds means funds received by an MALPB as a result of its performance of clearing, settlement activities, or any other authorized activities which are ultimately payable to a merchant.
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Merchant Funds shall include all amounts reflected as “suspended funds” on the consolidated financial statements of the Borrower.
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Examples of Merchant Funds in a sentence

  • BlueSnap will calculate the compensation owed to Third Party Referrer and/or Royalty Recipient by ▇▇▇▇▇▇▇▇, and thereafter pay such compensation to Third Party Referrer and/or Royalty Recipient conditioned on the Merchant having deposited sufficient funds with BlueSnap for such purpose (the "Merchant Funds").

  • This limitation will not apply to any obligation to pay the Merchant Funds owed to you in respect of purchases made by Customers via the Fundpay Services.

  • No interest will be paid by EMS on funds held in the EMS Merchant Funds Account.

  • No interest will be paid by Globepay on funds held in the Globepay Merchant Funds Account.

  • The Security Agreement is hereby amended by: (i) inserting the following new definitions in appropriate alphabetical order: "Excluded Property" means all Merchant Funds.


More Definitions of Merchant Funds

Merchant Funds means any amounts on deposit with or under the control of the Borrower or a Subsidiary thereof, or in which the Borrower or a Subsidiary thereof has an interest, which are owned by a customer of the Borrower or such Subsidiary, or in which the customer has an interest, and which are held by the Borrower or applicable Subsidiary (i) as security for the obligations of the customer to the Borrower or applicable Subsidiary or (ii) while in the process of payment to the applicable customer. The term “Merchant Funds” shall include all amounts reflected as “suspended funds” on the consolidated financial statements of the Borrower.
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Merchant Funds means the Purchase Price minus the Merchant Fees payable to the Verified Merchant in respect of a purchase by Customer of goods and services supplied by that Verified Merchant using the Fundpay Services; Purchase Details means the details of a particular purchase made at a Verified Merchant via the Fundpay Services by a Customer, and includes the Purchase Price, the name of the Customer, and the name of the Verified Merchant; Purchase Price means the amount paid or payable by the Customer to the Verified Merchant in respect of any individual transaction for the purchase of goods and services supplied by that Verified Merchant; Restricted Business means any business or activity in respect of which Fundpay determines from time to time that the Fundpay Services may not be used, and includes: gambling, illegal or prohibited goods, vaping, smoking and drug-related products and services, adult content and services, weapons and related products and services, financial services, and counterfeit goods or goods that are not authorised for sale or re-sale; Virus means any virus, Trojan horse, worm, backdoor or other element that may disable, harm or otherwise prevent the operation of any computer software, hardware or network, or any telecommunications service, equipment or network; and
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Merchant Funds means all loss reserves, deposits, suspended/held funds, and any other monies or accounts owned by a Merchant, whether held by a Borrower or third party. (ii) inserting the following sentence at the end of the definition of "Collateral": "Notwithstanding the foregoing, the Collateral shall not include any Excluded Property." 5.
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Merchant Funds means funds received by a merchant acquirer limited purpose 980 bank as a result of its performance of clearing, settlement, or any other authorized 981 activities which are ultimately payable to a merchant.
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Related to Merchant Funds

  • Client Funds means money deposited by the Client in his/her Trading Account, plus or minus any unrealized or realized profit or loss, plus or minus any amount that is due by the Client to the Company and vice versa.

  • Fresh Funds means funds that:

  • Merchant Account means the merchant account facility agreed between you and the Merchant Acquiring Bank.

  • BlackRock Funds and “Trustees of BlackRock Funds” refer respectively to the trust created and the Trustees, as trustees but not individually or personally, acting from time to time under a Declaration of Trust dated December 22, 1988, as amended, which is hereby referred to and a copy of which is on file at the office of the State Secretary of the Commonwealth of Massachusetts and at the principal office of the Fund. The obligations of “BlackRock Funds” entered into in the name or on behalf thereof by any of the Trustees, officers, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, shareholders, officers, representatives or agents of the Fund personally, but bind only the Trust Property (as defined in the Declaration of Trust), and all persons dealing with any class of shares of the Fund must look solely to the Trust Property belonging to such class for the enforcement of any claims against the Fund.

  • Program Funds means all funds that are required to be deposited into the Non-profit School Food Service Account.