Processing and Payment Sample Clauses
The Processing and Payment clause outlines the procedures and timelines for handling and settling financial transactions between parties. Typically, it specifies when invoices must be submitted, the acceptable methods of payment, and the timeframe within which payments must be made, such as 30 days after receipt of an invoice. This clause ensures that both parties have a clear understanding of their financial obligations, reducing the risk of disputes over payment delays or methods.
Processing and Payment. As soon as practicable after the Effective Date, the Asbestos Trust shall pay, upon submission by the claimant of the appropriate documentation, all Trust Claims that were liquidated by (i) a binding settlement agreement for the particular claim entered into prior to the Petition Date that is judicially enforceable by the claimant, (ii) a jury verdict or non-final judgment in the tort system obtained prior to the Petition Date, or (iii) by a judgment that became final and non-appealable prior to the Petition Date (collectively “Pre- Petition Liquidated Claims”). In order to receive payment from the Asbestos Trust, the holder of a Pre-Petition Liquidated Claim must submit all documentation necessary to demonstrate to the Asbestos Trust that the claim was liquidated in the manner described in the preceding sentence, which documentation shall include (A) a court-authenticated copy of the jury verdict (if applicable), a non-final judgment (if applicable) or a final judgment (if applicable), and (B) the name, social security number and date of birth of the claimant and the name and address of the claimant’s lawyer. The liquidated value of a Pre-Petition Liquidated Claim shall be the unpaid portion of the amount agreed to in the binding settlement agreement, the unpaid portion of the amount awarded by the jury verdict or non-final judgment, or the unpaid portion of the amount of the final judgment, as the case may be, plus a sequencing adjustment, if applicable; however, except as otherwise provided in Section 7.4 below, the liquidated value of a Pre-Petition Liquidated Claim shall not include any punitive or exemplary damages. In addition, the amounts payable with respect to such claims shall not be subject to or taken into account in consideration of the Claims Payment Ratio and the Maximum Available Payment limitations, but shall be subject to the Maximum Annual Payment and Payment Percentage provisions. In the absence of a Final Order of the Bankruptcy Court determining whether a settlement agreement is binding and judicially enforceable, a dispute between the claimant and the Asbestos Trust over this issue shall be resolved pursuant to the same procedures in this TDP that are provided for resolving the validity and/or liquidated value of a Trust Claim (i.e., arbitration and litigation in the tort system as set forth in Sections 5.10 and 5.11 below). Pre-Petition Liquidated Claims shall be processed and paid in accordance with their order in a separate FIFO ...
Processing and Payment. The ▇▇▇▇▇▇ and Invoice Cloud agree that all Convenience Fee Transactions will be submitted to AMEX under the ▇▇▇▇▇▇ Agreement, all Transactions will be submitted by Invoice Cloud, Inc. on behalf of the ▇▇▇▇▇▇ to AMEX, all AMEX processing fees that may apply associated with Transaction shall be paid by Invoice Cloud, all Chargebacks, returns and similar charges will be paid by the ▇▇▇▇▇▇, and all fees, for the Convenience Fee Transactions shall be paid by Invoice Cloud. Convenience Fee Transactions will be transferred directly to the bank account designated by Invoice Cloud and settlement funding for Transactions will be transferred to the bank account designated by the ▇▇▇▇▇▇.
Processing and Payment. Calculated applicable 12(b)-1 trails and provide payment services to qualifying institutions. Unified Fund Services, Inc. 5/7/04 American Pension Investors Trust - 15 EXHIBIT C to Mutual Fund Services Agreement General Description of the Unified AML Program Services ------------------------------------------------------- The following is a general description of the Unified AML Program services Unified shall provide to the fund:
Processing and Payment. Calculated applicable 12(b)-1 trails and provide payment services to qualifying institutions.
Processing and Payment. The County shall, within ten (10) days of receipt, review the invoice and either approve the invoice for payment or request from the Museum additional information. If the invoice is approved for payment, the County shall remit payment to the Museum within ninety (90) days of the date of the original submittal to the County representative. If any amount in the request is disputed by the County, the County shall, as soon as practical, notify the Museum and make partial payment of the amount which is not in dispute pursuant to this paragraph. The Museum and the County shall meet within seven (7) days of the County notification to attempt to resolve any disputed amounts.
Processing and Payment. 3.1. ▇▇▇▇▇▇▇▇.▇▇▇ will process purchase orders as promptly as possible. There may be a delay in the activation of the resources while payment details are verified.
3.2. We accept major credit cards and certain digital wallet services. We reserve the right to reject any order or purchase at any time. Please contact us if you believe your access was terminated in error.
Processing and Payment. All prices are in Australian Dollars (AUD).