Split Payment definition

Split Payment means, with respect to any Settlement Purchase Agreement pursuant to which the Claimant has reserved an interest in specified payments to be made by an Obligor or Settlement Annuity Provider to the Seller where the Seller has an obligation to pay over such reserved interest of the Claimant to the Claimant, or the Claimant’s successors or assigns (which interest shall solely be in the form of an independent claim against the Seller for payment to such Person of certain amounts upon, and to the extent of, receipt by the Seller of the Scheduled Payments sold (or portions of which have been sold) by the Claimant to the Seller pursuant to such Settlement Purchase Agreement), the amount of each such payment obligation so reserved and payable by the Seller to such Claimant from time to time pursuant to (and in accordance with) such Settlement Purchase Agreement.
Split Payment means, with respect to any Settlement Purchase Agreement pursuant to which the Claimant has reserved an interest (which interest shall solely be in the form of an independent claim against the Company for payment to the Claimant of certain amounts upon, and to the extent of, receipt by the Company of the Scheduled Payments sold by the Claimant to the Company pursuant to such Settlement Purchase Agreement), the amount of such payment obligation (or portion thereof) payable by the Company to such Claimant from time to time pursuant to (and in accordance with) such Settlement Purchase Agreement and the Credit Policy Manual.
Split Payment means, [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT]. Schedule V-12

Examples of Split Payment in a sentence

  • Please see additional information regarding the Split Payment Policy (page 3).

  • You may also request money from multiple Users at the same time using the Split Payment (also referred to as “Split”) feature when using a consumer account.

  • The application of such system implies the non-application of the VAT Split Payment Regime for Italian Enel companies members of the “VAT Group” from January 1st, 2021.

  • Commissions on Transactions are paid to the Marketplace-Merchant as per the instruction of the Marketplace-Merchant in the Split Payment Data.

  • The Customer shall be responsible for taxes, duties or charges of any kind (including but not limited to VAT, GST, withholding taxes and any other applicable sales tax), excluding taxes based solely on Andea’s income.7. Split Payment.

  • As a Marketplace-Merchant, it is your responsibility to ensure that the Marketplace-Merchant Commissions communicated as part of the Split Payment Data are correct and in line with the agreement established between you and the Submerchant.

  • Split Payment of Annual Operating FeesOwners or operators may request a split payment of the Annual Operating Fees due to financial hardship.

  • Furthermore, the rural poor tend to have little access to water pumps and irrigation.The picture may also have to be looked at in greater detail.

  • The Split is governed by the Marketplace-Merchant through Split Payment Data provided through the API.Split Payment DataInformation provided by the Marketplace-Merchant informing CashSentinel on how the funds concerning a given Transaction should be split between the underlying Submerchants, under deduction of the Marketplace-Merchant’s Commissions.TransactionA purchase order by a Consumer on a Marketplace.

  • The corresponding funds are received in the Escrow Accounts, allocated and paid to the respective Submerchants, as per the Split Payment Data provided by the Marketplace-Merchant.


More Definitions of Split Payment

Split Payment means, with respect to any Settlement Purchase Agreement pursuant to which the Claimant has reserved an interest (which interest shall solely be in the form of an independent claim against the Seller for payment to such Person of certain amounts upon, and to the extent of, receipt by the Seller of the Scheduled Payments sold (or portions of which have been sold) by the Claimant to the Seller pursuant to such Settlement Purchase Agreement), the amount of each such payment obligation so reserved and payable by the Seller to such Claimant from time to time pursuant to (and in accordance with) such Settlement Purchase Agreement.
Split Payment means, with respect to any Settlement Purchase Agreement pursuant to which the Claimant has reserved an interest (which interest shall solely be in the form of an independent claim against the Seller for payment to such Person of certain amounts upon, and to the extent of, receipt by the Seller of the Scheduled Payments sold (or portions of which have been sold) by the Claimant to the Seller pursuant to such Settlement Purchase Agreement), the amount of each such payment obligation so reserved and payable by the Seller to such Claimant from time to time pursuant to (and in accordance with) such Settlement Purchase Agreement. [*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.
Split Payment means, with respect to any Settlement Purchase Agreement or Annuity Purchase Agreement pursuant to which the Claimant or any Individual Annuity Seller has reserved an interest (which interest shall solely be in the form of an independent claim against the Seller for payment to such Person of certain amounts upon, and to the extent of, receipt by the Seller of the Scheduled Payments sold (or portions of which have been sold) by the Claimant or Individual Annuity Seller to the Seller pursuant to such Settlement Purchase Agreement or Annuity Purchase Agreement), the amount of each such payment obligation so reserved and payable by the Seller to such Claimant from time to time pursuant to (and in accordance with) such Settlement Purchase Agreement or Annuity Purchase Agreement and the Credit Policy Manual.

Related to Split Payment

  • Debit Payment means a particular transaction where a debit is made.

  • Next Payment means, in respect of each Next Payment Date, the greater of (i) the amount of any payments due to be made by Party A under Section 2(a) on such Next Payment Date less any payments due to be made by Party B under Section 2(a) on such Next Payment Date (in each case, after giving effect to any applicable netting under Section 2(c)) and (ii) zero.

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Adjustment Payment shall have the meaning specified in Section 3.09(a).

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • REIT Payment has the meaning set forth in Section 15.12 hereof.

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Net Payment With respect to any Distribution Date on or prior to the Swap Contract Termination Date, an amount equal to the sum of (i) any Current Interest and Interest Carry Forward Amounts in respect of the Benefited Certificates, (ii) any Net Rate Carryover in respect of the Benefited Certificates, (iii) any Unpaid Realized Loss Amounts in respect of the Benefited Certificates and (iv) any Overcollateralization Deficiency Amount, in each case remaining unpaid (or in the case of Overcollateralization Deficiency Amount, remaining) following the distribution to the Benefited Certificates of Excess Cashflow and Credit Comeback Excess Cashflow pursuant to Section 4.04(c) of the Pooling and Servicing Agreement. With respect to any Distribution Date after the Swap Contract Termination Date, zero.

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • Cash Payment has the meaning set forth in Section 2.03(b)(iii) below.

  • Annuity Payments The series of payments made to the Owner or any named payee after the Annuity Date under the Annuity Option selected. ANNUITY PERIOD: The period of time beginning with the Annuity Date during which Annuity Payments are made.

  • Lump Sum Payment means, collectively, the lump-sum payments that may be payable to Executive pursuant to the first sentence of Subsection 6(b)(iii) and pursuant to Subsection 6(c)(ii)(B).

  • Delta Payment means as it is described in this Agreement.

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Next Payment Date means each date on which the next scheduled payment under any Transaction is due to be paid.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Individual Settlement Payment means the amount payable from the Net

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Contingent Compensation Payment means any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company.

  • Payment Plan means the schedule of payment prescribed in Schedule C;

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a