Remittance Contract definition
Remittance Contract refers to the remittance orders taken in whole based on the Customer’s instructions over a period of time under lawful contractual terms;
Remittance Contract means an agreement between the Merchant and Worldpay under which Worldpay makes Remittance to the Merchant. The Remittance Contract shall be executed and come into effect as of the date on which the sales tabulation and Sales Slip, etc. have arrived in Worldpay in accordance with Article 13 Paragraph 3 hereof, and it shall simultaneously give rise to Worldpay’s recourse right against the Merchant. (35) 「 立替払契約」 とは、 加盟店と Worldpayとの間で成立する、Worldpayが加盟店に対して立替払金送金する旨の契約をいう。なお、立替払契約は、第13条第3項に基づき売上集計表及び売上票等がWorldpayに到着した売上債権について、当該到着日に成立して、その効力が発生し、同時にカード保有者に対するWorldpayの求償権が発生するもの とする。
Remittance Contract means an agreement between the Merchant and Worldpay under which Worldpay makes Remittance to the Merchant. The Remittance Contract shall be executed and come into effect as of the date on which the sales tabulation and Sales Slip, etc. have arrived in Worldpay in accordance with Article 13 Paragraph 3 hereof, and it shall simultaneously give rise to Worldpay’s recourse right against the Merchant. (35) ’g p v ˛( \ c World%pay \ b6º [ B’g M Worldpay @ % _ P 5 3 5 M ¤ b ˛( 8 : ^ > ’¤ 13 †’ ¤3 8o _ Y A V 7l 0g£ /† V& Worldpay _ ?%T K S V . _ X 8 _ B’g K Z Q b @$˛# K * _ P WMorldpay b ~ @ $˛# M
Examples of Remittance Contract in a sentence
If Worldpay investigates any event in accordance with item (6) of paragraph 1, paragraph 2, or paragraph 3 of the preceding article, Worldpay has the right to withhold the Remittance until the completion of the investigation, and has the right to cancel or terminate the Remittance Contract if suspicion is not resolved within 30 days of commencement of such investigation.
Further, in the event the Merchant have already received the Remitted Proceeds under the Remittance Contract cancelled or terminated, the Merchant shall refund the same to Worldpay.