Settlement Business definition

Settlement Business means the reduction of the usable balance of electronic money held by a User by the amount equal to the payment for Subject Products that were purchased by the User.
View Source
Settlement Business means the business of NGC or any Affiliate or Related Undertaking as settlement system administrator under the Pooling and Settlement Agreement.
View Source

Examples of Settlement Business in a sentence

  • The Per Contract Expense Allowance applies to Structured Settlement Business, Terminal Funding Business and Variable Annuity Business (including VA Annuitization Business).

  • The Per Contract Expense Allowance applies to Structured Settlement Business and Variable Annuity Business (including VA Annuitization Business).

  • If, prior to the delivery of the Entitlement in accordance with these Physical Delivery Conditions, a Settlement Disruption Event is subsisting, then the Maturity Delivery Date in respect of such Note shall be postponed until the next Settlement Business Day (as specified in the applicable Final Terms) on which no Settlement Disruption Event is subsisting and notice thereof shall be given to the relevant Noteholder, in accordance with Condition 14.

  • To properly effect Settlement, Business must comply with each of the terms and conditions set forth in this Agreement.

  • In the case of Physical Delivery Certificates of Physical Delivery Warrants, if a Settlement Disruption Event occurs or exists on the Settlement Date, settlement will be postponed until the next Settlement Business Day on which no Settlement Disruption Event occurs.

  • Applicant shall not assign, pledge, provide as security or otherwise dispose of its own claims that it holds against the Settlement Business Providers concerning the Services.

  • For Chapter 2, the latest merchant rules of each Settlement Business Provider shall apply to matters not stipulated in the Agreement, and Applicant as a merchant will understand and comply with these.

  • Applicant shall compensate the Settlement Business Providers or DEGICA for any damage suffered by the Settlement Business Providers or DEGICA due to an act or omission of Applicant relating to the Merchant Agreement or the Agreement.

  • Applicant shall check the merchant terms of the Electronic Money Settlement Business Provider as necessary and have a thorough understanding of the them.

  • If DEGICA has received a request from a Settlement Business Provider to suspend the provision to Applicant of the Services related to the settlement method handled by that Settlement Business Provider, regardless of the reason, DEGICA may suspend the portion of the Services related to the settlement method handled by that Settlement Business Provider after giving prior notice to Applicant.