Collection & Payments Sample Clauses
The COLLECTION & PAYMENTS clause defines the procedures and responsibilities related to the invoicing, collection, and remittance of payments between parties under the agreement. It typically outlines when and how invoices should be issued, the acceptable methods of payment, and the timeframes within which payments must be made. This clause ensures that both parties have a clear understanding of their financial obligations, reducing the risk of disputes over payment timing or methods and promoting smooth financial transactions throughout the contract term.
Collection & Payments. Riviera has the right to receive payment directly from Customers on all Client Accounts.
Collection & Payments. 2.1.7.1. Following and subject to the approval of the applicable authorities (as shall be determined by the Company) and provided that such actions shall be made outside the US and with respect to non US persons only):
2.1.7.1.1. A-Labs will provide the Company with end-to-end payments collection setup which shall be PCI DSS compliant and in compliance with any applicable laws, regulations and standards as globally required.
2.1.7.1.2. Payments for Tokens will be collected via Credit Card, Wire Transfer, Bitcoin (BTC) and Ether (ETH). The Parties shall cooperate in setting up the required payments infrastructure to enable the collection of such payments.
2.1.7.1.3. A-Labs will provide payment customer journey design for payments flow under Client’s white label brand.
2.1.7.1.4. A-Labs shall be responsible for all KYC and AML compliance in respect of the ICO and shall provide such services in compliance with the instructions of the legal and regulatory advisors of the Company. -Execution Copy-
2.1.7.2. A-Labs represents, warrants and undertakes to forward all ICO funds until such funds are sent to the Client and will send all such funds within 5 Business Days upon request.
Collection & Payments. Seller shall have the right to invoice, collect and retain all work in progress and accounts receivable in respect of the Business through the Closing Time. If Seller receives any correspondence, records or payments with respect to the Business or Purchased Assets post-Closing other than the collection of the work in progress and accounts receivables as set forth above, Seller shall promptly forward such payments to Buyer. At Closing, Buyer shall reimburse Seller for all amounts set forth on Schedule 1.2(a)(iv).
Collection & Payments. In consideration for Licensee’s collection services with respect to the AS Tech Contracts, Completed Marketing Contracts and Contracts in Progress, TPR shall pay Licensee an amount in cash equal to 12% of the AS Tech Contract Receipts, Completed Marketing Contract Receipts and Contract in Progress Receipts, respectively.