Handling of Customer Payments Sample Clauses

Handling of Customer Payments. All payments for Contracts collected by the Broker-Dealer shall be remitted promptly together with such applications, forms and other required documentation to the Company. Payments from customers shall be in accordance with the procedures established by the Company from time to time. No payment is deemed received by the Company until actually received by the Company. The Broker-Dealer acknowledges that the Company retains the unconditional right to reject, in whole or part, any application for a Contract. Upon the Company's acceptance of a Contract application submitted by the Broker-Dealer, the Company shall mail the appropriate documentation representing the Contract to the Broker-Dealer, which shall make prompt delivery to the customer. Notwithstanding this obligation of the Broker-Dealer, the Company reserves the right to transmit such documentation directly to the customer.
Sample 1
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Handling of Customer Payments. (a) In connection with the Program, SCA will send monthly billing statements to the account holder(s), which statements will contain an envelope addressed to SCA’s lockbox. However, in the event that Merchant receives any payments on Credit Card Accounts, it will promptly forward such payments to SCA in the form received (or by check covering multiple payments), or it shall electronically advise SCA of the receipt thereof. If a notification of payments is transmitted electronically to SCA, SCA shall deduct the total amount of said payments from monies owed to Merchant. In the event that the total amount of said payments exceeds monies owed to Merchant, then, in that case, Merchant shall make payment to SCA within five (5) days after notification that such a situation exists. Even if a Credit Card Account holder’s payment check is made payable to the order of Merchant, Merchant acknowledges that it holds such funds solely for the benefit of SCA. Merchant assumes all risk of loss of said funds while in Merchant’s possession and in transit to SCA. In the event that Merchant fails to pay such amount to SCA, then SCA may, at its discretion exercise any and all rights of set-off provided for herein.
Sample 1
Handling of Customer Payments. All payments for Products collected by the Broker-Dealer shall be remitted promptly to the Company together with all applications, forms and other documentation required by the Company. Payments from customers shall be in accordance with the procedures established by the Company from time to time. No payment is deemed received by the Company until actually received by the Company. The Broker-Dealer acknowledges that the Company retains the unconditional right to reject, in whole or part, any application for a Product. Upon the Company's acceptance of a Product application submitted by the Broker-Dealer, the Company shall mail the appropriate documentation of the Product to the Broker-Dealer, which shall make prompt delivery to the customer; provided, however, that the Company reserves the right to transmit such documentation directly to the customer.
Sample 1
Handling of Customer Payments. All payments for Products collected by You or Your Selling Firms shall be immediately remitted together with such applications, forms and other required documentation to Us. Payments from customers shall be in accordance with the procedures established by Us from time to time. No payment is deemed received by Us until actually received by Us. You acknowledge that We retain the unconditional right to reject, in whole or part, any application for a Product. Upon Our acceptance of an application for a Product submitted by You, We shall send the appropriate documentation representing the Product to You and You shall make prompt delivery to the customer. We reserve the right to transmit such documentation directly to the customer.
Sample 1
Handling of Customer Payments. (a) In connection with the Program, Shoppers will send monthly billing statements to the account holder, which statements will contain an envelope addressed to a Shoppers' lockbox. However, in the event that Colorado Prime receives any payments on Shoppers Accounts, it will promptly forward such payments to Shoppers in the form received (or by check covering multiple payments), or it shall electronically advise Shoppers of the receipt thereof. If a notification of payments is transmitted electronically to Shoppers, Shoppers shall deduct the total amount of said payments from monies owed to Colorado Prime. In the event that the total amount of said payments exceeds monies owed to Colorado Prime, then, in that case, Colorado Prime shall make payment to Shoppers within two (2) business days after notification that such a situation exists. Even if a Shoppers Account holder's payment check is made payable to the order of Colorado Prime, Colorado Prime acknowledges that the payment represents express trust funds belonging to Shoppers.
Sample 1

Related to Handling of Customer Payments

  • Customer Remittances Obligors of the Receivables will be directed by AmeriCredit to forward their remittances to Processor at a post office address (the “Lockbox”) assigned by Processor. Processor, acting for the exclusive benefit of the Trustee, shall have unrestricted and exclusive access to the mail directed to this address. AmeriCredit agrees to notify Processor thirty (30) days in advance of any change in Obligor remittance statements and/or mailing schedule.

  • Data Collection, Processing and Usage The Company collects, processes and uses the International Participant’s personal data, including the International Participant’s name, home address, email address, and telephone number, date of birth, social insurance number or other identification number, salary, citizenship, job title, any shares of Common Stock or directorships held in the Company, and details of all Equity Awards or any other equity compensation awards granted, canceled, exercised, vested, or outstanding in the International Participant’s favor, which the Company receives from the International Participant or the Employer. In granting the Equity Award under the Plan, the Company will collect the International Participant’s personal data for purposes of allocating shares of Common Stock and implementing, administering and managing the Plan. The Company’s legal basis for the collection, processing and usage of the International Participant’s personal data is the International Participant’s consent.

  • Processing of Items The provision of services shall be governed by the Processor’s Treasury Management Services Agreement, Commercial Account Agreement or other applicable agreements and related service terms (individually and collectively, the “Bank Agreements”), as may be amended from time to time, subject to the prior written consent to any such amendments of a material nature by the Trustee and AmeriCredit, which consents shall not be unreasonably withheld, conditioned or delayed.

  • Data Collection and Usage The Company and the Employer collect, process and use certain personal information about the Participant, including, but not limited to, the Participant’s name, home address and telephone number, email address, date of birth, social insurance, passport or other identification number, salary, nationality, job title, any Shares or directorships held in the Company, details of all restricted stock units or any other entitlement to Shares or equivalent benefits awarded, canceled, exercised, vested, unvested or outstanding in the Participant’s favor (“Data”), for the legitimate purpose of implementing, administering and managing the Plan. The legal basis, where required, for the processing of Data is the Participant’s consent.

  • Administrative Support Service Fees Within forty-five (45) days of the end of each calendar quarter, the Fund will make payments in the aggregate amount of 0.0625% (0.25% on an annual basis) of the average during that calendar quarter of the aggregate net asset value of the Shares computed as of the close of each business day (the "Service Fee"). Such Service Fee payments received from the Fund will compensate the Distributor for providing administrative support services with respect to Accounts. The administrative support services in connection with Accounts may include, but shall not be limited to, the administrative support services that a Recipient may render as described in Section 3(b)(i) below.

  • Administrative Support Services Fees Within forty-five (45) days of the end of each calendar quarter or at such other period as deemed appropriate by the Distributor, the Fund will make payments in the aggregate amount of up to 0.25% on an annual basis of the average during the period of the aggregate net asset value of the Shares computed as of the close of each business day (the “Service Fee”). Such Service Fee payments received from the Fund will compensate the Distributor for providing administrative support services with respect to Accounts. The administrative support services in connection with Accounts may include, but shall not be limited to, the administrative support services that a Recipient may render as described in Section 3(b)(i) below.

  • Remittance Processing Services In order to provide a means of collection of the Receivables which will allow the Trustee to receive the proceeds of the Receivables and related security without AmeriCredit or its Affiliates having access to the funds, the parties hereto agree for the benefit of the Trustee that the processing services (the “Service(s)”) of Processor will be used for the collection and the deposit of remittances related to the Receivables and related security.

  • Directions Regarding Periodic Payments As registered owner of the Funding Agreement and the Guarantee as collateral securing payments on the Notes, the Indenture Trustee will receive payments on the Funding Agreement and the Guarantee on behalf of the Trust. The Trust hereby directs the Indenture Trustee to use such funds to make payments on behalf of the Trust pursuant to the Trust Agreement and the Indenture.

  • Billing of Fees Both the Open and Closed Account Fees shall be billed by the Transfer Agent monthly in arrears on a prorated basis of 1/12 of the annualized fee for all such accounts.

  • Customer Accounts The Bank agrees to establish and maintain the following accounts ("Accounts"):

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