Interpayments definition

Interpayments means Collections on deposit in the Collection Account that are used to repay at least $[***] in principal amount of Loans Outstanding pursuant to Section 2.06(e).
Interpayments means Collections on deposit in the Collection Account that are used to repay at least $[***] in principal amount of Loans Outstanding pursuant to Section 2.06(d).

Examples of Interpayments in a sentence

  • Subject to the license that InterPayments grants to Customer in Section 2.1, as between Customer and Interpayments, InterPayments solely owns and retains all rights, title, and interest in and to the Services, including all works of authorship (including software and documentation), trade secrets, inventions and other technology in any form pertaining thereto and all goodwill arising therefrom, and Customer agrees not to take any action that would be inconsistent with such ownership.