Examples of Purchase Proceeds in a sentence
FHLBI may offset against the Purchase Proceeds for any Mortgage delivered for purchase by the Seller, or against any other amounts owed by FHLBI to the Seller pursuant to the Program Documents or any other contract or instrument between FHLBI and Seller, any outstanding amounts owed to FHLBI by the Seller or any affiliate of the Seller including, but not limited to the following.
Microchip will not be deemed in default under this Agreement if it withholds any Purchase Proceeds or other payments because of a bona fide dispute between the Parties.
Microchip may use Provider’s contact data and other Provider information to: (1) make the Software available for Purchase and for any other purpose relating to the Software as contemplated under this Agreement, (2) transfer or remit the Purchase Proceeds, (3) refer Clients to you in connection with any technical-related complaints or queries regarding the applicable Software; and (4) respond to any queries regarding the Software.
You may terminate this Agreement for cause if: (1) Microchip fails to pay the undisputed portion of the applicable Purchase Proceeds when due in accordance with this Agreement and does not cure such non-payment within thirty (30) days following your written notice of non-payment; or (2) Microchip materially breached any of its other obligations under this Agreement and does not cure such breach within thirty (30) days following your written notice of breach (“Microchip’s Non-Payment Breach”).
If the applicable calendar quarter’s Purchase Proceeds are at or below the Payment Method Threshold, then Microchip will, subject to this Agreement’s other terms, initiate transfer or remittance of the applicable Purchase Proceeds, in U.S. Dollars, to the Paypal Account within 60 days following the end of the calendar quarter in which the Purchase occurred.