Processing Agreements definition
Examples of Processing Agreements in a sentence
We have Data Processing Agreements in place with these providers.
Processor will endorse, on behalf of AmeriCredit, checks and other deposited items that appear to be for deposit to the credit of AmeriCredit or its Affiliates in accordance with Processor’s National Retail Lockbox Processing Agreements and Instructions, Treasury Management Services Agreement, Commercial Account Agreement or other applicable agreement and related service terms (individually and collectively, the “Bank Agreements”), as appropriate.
Collected funds will be placed in a Reserve Account until Merchant pays any equipment and processing cancellation fees and any outstanding charges, losses, or amounts for which Merchant is liable under this Agreement (including other Merchant Processing Agreements entered into by Merchant with Bank or Company).
The Parties agree that this Data Processing Agreement shall replace any existing Data Processing Agreements, the Parties may have previously entered into in connection with the Services.
If as a result of any existing or future processing agreement Grantor elects to process Production Payment Gas, Grantee will have an interest in all plant products and liquids extracted (the "Liquids") and all residue gas remaining ("Plant Residue Gas") attributable or allocable to the Production Payment and the Production Payment Gas under the terms of the Processing Agreements.