Negative Balances definition
Examples of Negative Balances in a sentence
In some instances it may be necessary for ▇▇▇▇▇ to send an invoice to PROVIDER for outstanding Negative Balance(s).
If PROVIDER is indebted to ▇▇▇▇▇ for any reason, including, but not limited to, Overpayments, Negative Balances or payments due for materials and supplies, ▇▇▇▇▇ may offset such indebtedness against any compensation due to PROVIDER pursuant to this Agreement.
When a Negative Balance occurs, ▇▇▇▇▇ has the right to offset future compensation owed to PROVIDER or Participating Provider with the amount owed to ▇▇▇▇▇ and the right to bill PROVIDER or Participating Provider for such Negative Balance(s).
NO Negative Balances carryover only applies on pre-agreed cooperation models between the affiliate manager and the affiliate partner and is examined on a case to case basis.
We also reserve the right to cancel your Card if you create one or more Negative Balances with your Card.
When a Negative Balance occurs, ▇▇▇▇▇ has the right to offset future compensation owed to PROVIDER or Participating Provider with the amount owed to ▇▇▇▇▇ and the right to ▇▇▇▇ PROVIDER or Participating Provider for such Negative Balance(s).
For clarity, this Negative Balance Funding Account excludes any Negative Balances (as defined below) related to Credit Card Accounts and Secured Deposit Accounts that have otherwise been collected by Bank from Client pursuant to a separate account.
Negative Balances constitute a breach of this Agreement which in addition to the liability for damages may constitute a material breach of the Agreement and give cause for termination of the Agreement and criminal liability.
If PROVIDER is indebted to ▇▇▇▇▇ for any reason including, but not limited to, Overpayments, Negative Balances or payments due for materials and supplies, ▇▇▇▇▇ may offset such indebtedness against any compensation due to PROVIDER pursuant to this Agreement.
Notwithstanding the provisions of Section 11.4.1 and 11.4.2 hereof, an amount of Net Income arising from a Sale or Disposition of a Partnership Property equal to the Capital Account Deficiency shall first be allocated to each Partner having a Negative Balance in the proportion in which such Partner's Negative Balance bears to the aggregate Negative Balances of all Partners ("Negative Balance Ratio").