Paid Customer definition

Paid Customer means a Successfully Migrated Customer that, as of the relevant Accounting Date, is in Good Standing and shall have paid the required number of bills directly to the Buyer through the Buyer’s billing system no less than fifteen days prior to the relevant Accounting Date. For Customers on a monthly payment plan, the required number of bills shall be two (2). For Customers on any other payment plan (e.g., quarterly, semi-annual, annual), the required number of bills shall be one (1), provided however that such b▇▇▇ must have become due not fewer than thirty (30) days following the Rebiller Date. Nonetheless, no Customer shall become a Paid Customer if such Customer is rejected by Buyer because in the good faith opinion of Buyer, the website of such Customer: (a) can not be migrated to Buyer’s systems for technical reasons; (b) facilitates online gambling, or (c) contains pornography (any of the foregoing being “Rejected Customers”); provided however, no more than 5% of the Customers may be characterized as Rejected Customers.
View Source

Examples of Paid Customer in a sentence

  • Closed/Completed Historical Transactions such as closed Sales Orders or Purchase Orders, Paid Customer Invoices, Customer Payments, Paid Vendor Bills or Vendor Payments will not be imported by Oracle|NetSuite.

  • WEBMD, INC CLIENT By: __________________ By: __________________ Title: _______________ Title: _______________ Date: ________________ Date: ________________ Resource Center CPA Agreement -------------- ------------- eDiets Resource Center - please see [***] description attached *A Paid Customer does not include any credit card sales that have been declined or cancelled within Resource center will live on WebMD, the first ten {10} business days of the original AOL and MSN.

  • If the Amount Owed is more than the Amount Paid, Customer shall pay Service Provider the difference between the Amount Owed and the Amount Paid within ten (10) Business Days of receiving notice thereof.