Paying Services Agreement definition

Paying Services Agreement as defined in the Program Terms. “Payment Calculation Report”: as defined in the Security Agreement.
View Source
Paying Services Agreement means that certain Paying Services Agreement between Buyer and Paying Agent.
View Source

Examples of Paying Services Agreement in a sentence

  • Each of the OEM, Saturn and the Paying Agent shall have executed the Paying Services Agreement and the Lender shall have received a true copy of the executed Paying Services Agreement.

  • Prior to the acquisition by the Borrower of, and as a condition precedent to the Lender’s obligation to make a Loan to finance the purchase of, an Eligible Receivable, the OEM and the Paying Agent must have executed the Paying Services Agreement which shall provide that all payments made by the OEM in respect of Eligible Receivables with respect to which a Payment Notification has been delivered pursuant to the Paying Services Agreement shall be deposited into the Collateral Account by the Paying Agent.

  • The agreement of the Lender to make Loans, the proceeds of which will be used to pay the Purchase Price due in respect of any Eligible Receivable with respect to which the New OEM is the account debtor, shall not become effective until the date on which the New OEM and the Paying Agent shall have executed the New Paying Services Agreement and the Lender shall have received a true copy of the executed New Paying Services Agreement.

  • The OEM and the Paying Agent shall have executed the Paying Services Agreement and the Lender shall have received a true copy of the executed Paying Services Agreement.

  • This Agreement is the Global Paying Services Agreement which sets forth (i) the rights and obligations of Buyer and Citi and (ii) the terms and conditions applicable to the System and the Services provided by Citi, on a global basis; as each may be amended, supplemented or otherwise modified pursuant to a Joinder Agreement as agreed between the Contracting Parties thereto.