Settlement Account(s) definition
Examples of Settlement Account(s) in a sentence
If the Company designates more than one Settlement Account, credits to any of these Settlement Accounts will satisfy First Data’s obligations, and successful debits to any of the Settlement Accounts will satisfy the Company’s obligations under this Agreement.
Bank shall transfer Cardholder Funds from the Cardholder Account to Settlement Accounts in an amount adequate to facilitate Settlement with the System on a daily basis or as otherwise determined by Bank.
Except when prevented from doing so by causes beyond its control, including, but not limited to Acts of God, strikes, mechanical or electrical breakdown, fire, flood, war, governmental action, accident, Cliq shall process EFT data furnished by CLIENT and observe the processing schedules set forth in the Specifications as published from time to time by ▇▇▇▇, and deposit of funds in the Consolidation and Settlement Accounts.
Client agrees that the Coinbase Entities may disclose any information with respect to Client Assets, the Prime Broker Account, Custodial Accounts, Settlement Accounts, and transactions required by any applicable taxing authority or other governmental entity.
To facilitate such Settlement, Bank has established or will establish one or more Settlement Account(s) owned by Bank.