Payment Processor definition

Payment Processor means any third party service provider (including, if applicable, Lock-Box Banks maintaining Lock-Boxes on behalf of the Seller) administering or processing payments or Collections on behalf of the Servicer or the Seller.
Payment Processor means a person providing payment processing services in connection with a charitable contribution or in connection with another person’s sale of a good or service.

Examples of Payment Processor in a sentence

  • Each Originator agrees to (i) direct, or cause each Payment Processor to direct, its respective Obligors to make payments of Receivables sold, contributed or otherwise conveyed or purported to be conveyed by it hereunder to one or more Collection Accounts or Lock-Boxes or Payment Processors and (ii) direct each Payment Processor to remit all payments of Receivables sold, contributed or otherwise conveyed or purported to be conveyed by it hereunder to one or more Collection Accounts or Lock-Boxes.

  • Such Originator hereby directs the Servicer to, or to cause each Payment Processor to, instruct, all Obligors to make payments of all Sold Receivables to one or more Collection Accounts or Lock-Boxes or Payment Processors.

  • The Seller shall only add a Payment Processor to those listed on Schedule III to this Agreement if the Administrator has received prior written notice of such addition.


More Definitions of Payment Processor

Payment Processor means any Person providing Payment Processing
Payment Processor. “ means a third-party payment processing service provider designated by UiPath to process all payments and charges for Partner Products published on the Marketplace.
Payment Processor means an entity that provides one or more Third-Party Services performing payment processing services in conjunction with the On-demand Services.
Payment Processor has the meaning given in Section 5.4.
Payment Processor means a person that contracts directly with a merchant to provide settlement for the merchant’s credit card, debit card, or other payment card transactions.
Payment Processor means third-party payment processors supporting Fresha with the provision of the Fresha Payment Services.
Payment Processor means a person who provides payment processing services.