Net Remittance definition

Net Remittance means the amount payable by Service Provider to Customer or Customer to Service Provider, as the case may be, equaling, for any given period of time, Net Sales less the Charges, Out-of-Pocket Expenses, and Taxes related to the Services for each calendar month.
View Source

Examples of Net Remittance in a sentence

  • On the Remittance Date, Seller shall cause Seller’s Servicer to distribute to Buyer the Net Remittance Amount.

  • The Net Remittance Amount, if a positive number, shall be payable to Buyer by wire transfer of immediately available funds to an account specified in writing by Buyer.

  • MERCHANT LEGAL NAME: City of Muskogee STREET ADDRESS: ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ CITY: STATE: ZIP/POSTAL CODE: U.S. FEDERAL TAX ID NUMBER (9-DIGIT EIN/SSN): BANK NAME: ACCOUNT NUMBER: ROUTING NUMBER: ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ Groupon shall pay Merchant the Remittance Amount (less credit card fees of 2.5% of the Amount Paid) for each Voucher sold ('Net Remittance Amount') in accordance with the Payment Schedule below.

  • Payment Installment % of Net Remittance Amount Payments will be issued on or about the following number of days at the conclusion of the Feature Period.

  • If the Net Remittance is (i) positive, Service Provider shall pay the Net Remittance to Customer or (ii) negative, Customer shall pay the Net Remittance to Service Provider, in each case in accordance with Section 9.04(c).

  • Payment by Customer in case of a negative Net Remittance and by Service Provider in case of a positive Net Remittance is due thirty (30) days following the date of invoice.

  • For each Voucher sold as part of a Promotional Program, the Net Remittance Amount may be adjusted in an amount equal to the percentage increase or decrease in the Amount Paid (“Promotional Adjustment”), provided that, any decrease of the Net Remittance Amount will not exceed 20% of the Net Remittance Amount.

  • Net Remittance (line E plus Line H) $ 22.36: Monthly Reporting The Summaryof Monthly Activity summarizes the monthly activity of Mortgage Loans serviced for MHMFA, and records the remittance due MHMFA for a given month.

  • Service Provider shall calculate the Net Remittance for each calendar month and provide Customer with a Settlement Report.

  • Service Provider will provide Customer monthly with an invoice for the amount of Net Remittance in case of a negative Net Remittance, and Customer will provide Service Provider monthly with an invoice for the amount of Net Remittance in case of a positive Net Remittance, in each case in United States dollars.

Related to Net Remittance

  • Monthly Remittance Date The 18th day of each month, or if the 18th day is not a Business Day, the preceding Business Day.

  • Daily Remittance is defined in Section 6.11(a) of the Servicing Agreement.

  • Monthly Remittance Amount The sum of the Group I Monthly Remittance Amount and the Group II Monthly Remittance Amount.

  • money remittance means a payment service where funds are received from a payer, without any payment accounts being created in the name of the payer or the payee, for the sole purpose of transferring a corresponding amount to a payee or to another payment service provider acting on behalf of the payee, and/or where such funds are received on behalf of and made available to the payee;

  • First Remittance Date With respect to each Mortgage Loan Package, the 18th day (or if such 18th day is not a Business Day, the first Business Day immediately preceding such 18th day) of the calendar month immediately following the Closing Date; provided, however, if the Servicing Transfer Date is not one (1) or more Business Days prior to the first day of such calendar month, such date will be the 18th day (or if such 18th day is not a Business Day, the first Business Day immediately preceding such 18th day) of the next succeeding calendar month.