Settlement Advance definition

Settlement Advance has the meaning given to such term in Section 3.6(a).
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Settlement Advance means, with respect to any Supplier Invoice, the total amount of the funds set out in a request made pursuant to clause 2.1 (a).
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Settlement Advance has the meaning assigned to such term in Section 2.2(b).
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Examples of Settlement Advance in a sentence

  • Merchant hereby acknowledges and agrees that any Settlement Advance will be deposited in an EZCheck account for exclusive use by EZCheck or ODFI for purposes of offsetting any Returns or other Merchant obligations under the Agreement not recoverable from Merchant Account.

  • Merchant hereby grants EZCheck and ODFI a security interest in any Settlement Advance that EZCheck or ODFI may enforce for purposes of securing any obligation owed by Merchant under this Agreement without notice or demand to Merchant.

  • Merchant’s obligation to maintain a Settlement Advance shall survive the termination of this Agreement for the duration of the Termination Period during which time EZCheck’s and ODFI’s security interest shall continue.

  • In addition, Merchant hereby acknowledges and agrees that EZCheck may use the Settlement Advance in whatever manner it desires, i.e., commingling with other merchant funds, etc., subject to EZCheck’s requirement, should this Agreement be terminated, to refund any remaining Settlement Advance balance ninety (90) days after the termination date (“Termination Period”).

  • In the event of fraud or breach of this Agreement by Merchant the Settlement Advance may be funded immediately at EZCheck’s election via an ACH debit to Merchant’s Account or applying funds from ECT transactions due Merchant.

  • As is indicated in scheme IB, in support of this main argument (1.1.1), the Supreme Court mentions the two legal principles in 1.1.2.1b in combination with the exceptional circumstances of this case.

  • If Merchant’s Settlement Advance falls below the required amount, Merchant hereby authorizes EZCheck to immediately replenish the Settlement Advance to an amount to be determined by EZCheck via an ACH debit to Merchant Account or by a direct deposit to the Settlement Advance account within twenty-four (24) hours after verbal or written notification from EZCheck of the replenishment requirement.

  • Merchant‟s obligation to maintain a Settlement Advance shall survive the termination of this Agreement for the duration of the Termination Period during which time EZCheck‟s and ODFI‟s security interest shall continue.

  • Date: Please raise debit note for adjustment against out Intra-Agency Settlement Advance A/C.

  • The Settling Distributors shall pay the sum of the Net Tribal Settlement Amount into the Distributors’ Settlement Trust by making seven (7) Annual Payments, under the terms and conditions of this Agreement, subject to the reductions described in this Section IV.B and Section V.E. The Settling Distributors previously paid the Tribal Settlement Advance Credit to the Distributors’ Settlement Trust.


More Definitions of Settlement Advance

Settlement Advance has the meaning set forth in Section 2.4(e) of this Agreement.
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Settlement Advance shall have the meaning provided in Section 1.04(c).
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Related to Settlement Advance

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Equipment Advance is defined in Section 2.1.1.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Payment/Advance Form is that certain form attached hereto as Exhibit B.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Revolving Advance has the meaning given in Section 2.1.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Periodic Advance The aggregate of the advances required to be made by a Servicer on any Distribution Date pursuant to its Servicing Agreement or by the Master Servicer or the Trustee hereunder, the amount of any such advances being equal to the total of all Monthly Payments (adjusted, in each case (i) in respect of interest, to the applicable Mortgage Interest Rate less the applicable Servicing Fee in the case of Periodic Advances made by a Servicer and to the applicable Net Mortgage Interest Rate in the case of Periodic Advances made by the Master Servicer or Trustee and (ii) by the amount of any related Debt Service Reductions or reductions in the amount of interest collectable from the Mortgagor pursuant to the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, or similar legislation or regulations then in effect) on the Mortgage Loans, that (x) were delinquent as of the close of business on the related Determination Date, (y) were not the subject of a previous Periodic Advance by such Servicer or of a Periodic Advance by the Master Servicer or the Trustee, as the case may be and (z) have not been determined by the Master Servicer, such Servicer or Trustee to be Nonrecoverable Advances.

  • Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Eligible advance means an advance made before August 19, 1993.

  • Term SOFR Advance means an Advance denominated in Dollars which, except as otherwise provided in Section 2.11, bears interest at the Adjusted Term SOFR Rate.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Swing Line Advance has the meaning ascribed to it in Section 1.1(c)(i).

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.