Payment Intermediary Clause Samples

A Payment Intermediary clause defines the role and responsibilities of a third party that facilitates the transfer of funds between the contracting parties. Typically, this clause outlines how payments are to be processed, the timing of transfers, and any fees or conditions associated with using the intermediary. For example, it may specify that all payments must be made through a designated escrow service or payment platform. The core function of this clause is to ensure secure, reliable, and transparent handling of payments, reducing the risk of non-payment or disputes over financial transactions.
Payment Intermediary. Customer acknowledges and agrees that its access to the Services is subject to Reseller paying fees owed for the Services on Customer’s behalf. In the event that Reseller fails to pay fees owed in a timely fashion and does not cure such failure within thirty (30) days of written notice from LogicMonitor to Reseller (with a copy provided to Customer), LogicMonitor shall have the right to terminate this Agreement or suspend Customer’s access thereto until payment is received; provided, that, if Reseller’s failure to pay fees owed is not the fault of Customer, LogicMonitor shall cooperate in good faith with Customer to transition to an alternative reseller or to a direct purchase model without interruption in the Service.
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Payment Intermediary settlement system or person, who in accord with the Paying bank or bank of the beneficiary participates in making the transfer.
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Payment Intermediary. You acknowledge that LANDMARK is not a bank. The Service is regarded as a use of your Payment Account under Singapore law. The funds in your Payment Account is not a deposit, and your account is not a bank account. Funds held by LANDMARK in your Payment Account are not insured deposits for the purposes of the Deposit Insurance and Policy Owners Protection Schemes Act (Cap. 77B of Singapore).
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Related to Payment Intermediary

  • INTERMEDIARY ▇▇▇ ▇▇▇▇▇▇▇▇▇ & Company, LLC, is hereby recognized as the Intermediary negotiating this Contract for all business hereunder. All communications (including notices, statements, premiums, return premiums, commissions, taxes, losses, Loss Adjustment Expenses, salvages, and loss settlements) relating thereto shall be transmitted to the Company or the Reinsurer through the Intermediary. Payments by the Company to the Intermediary shall be deemed payment to the Reinsurer. Payments by the Reinsurer to the Intermediary shall be deemed payment to the Company only to the extent that such payments are actually received by the Company.

  • Securities Intermediary The Securities Intermediary, in acting under this Indenture, is entitled to all rights, benefits, protections, immunities and indemnities accorded The Bank of New York Mellon Trust Company, N.A., a national banking association, in its capacity as Indenture Trustee under this Indenture.

  • AS AGENT FOR BOTH - INTERMEDIARY To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary: • Must treat all parties to the transaction impartially and fairly; • May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. • Must not, unless specifically authorized in writing to do so by the party, disclose: ᴑ that the owner will accept a price less than the written asking price; ᴑ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and ᴑ any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.

  • Confirmation by Intermediary Intermediary must provide written confirmation to the Fund that instructions from the Fund to restrict or prohibit trading have been executed. Intermediary agrees to provide confirmation as soon as reasonably practicable, but not later than ten business days after the instructions have been executed.

  • Basic entitlement 7.4.2(a) After twelve months continuous service, parents are entitled to a combined total of 52 weeks unpaid parental leave on a shared basis in relation to the birth or adoption of their child. For females, maternity leave may be taken and for males, paternity leave may be taken. Adoption leave may be taken in the case of adoption.