Settlement Payables definition

Settlement Payables means, in the case of each of the Issuer or any of its Subsidiaries, the amounts payable to a Card Association, sponsoring member for a Card Association, merchant, cardholder of a Card Association, bank, financial institution or other similar entities or persons under Settlement Contracts in respect of transactions which have been notified to the Issuer or its Subsidiaries including amounts held as deferred settlement amounts arising from timing differences, interchange expenses, merchant reserves and exception items, and amounts withheld for any other reason from such merchants, Card Associations, sponsoring members for a Card Association, cardholders, banks, financial institutions or other similar entities or persons.
Settlement Payables means, in the case of each of the Issuer or any of its Subsidiaries, the amounts payable to a Card Scheme, merchant, cardholder of a Card Scheme, bank, financial institution or other similar entities or persons under Settlement Contracts in respect of transactions which have been notified to such Issuer or such of its Subsidiaries including amounts held as deferred settlement or withheld for any other reason from such merchants, Card Schemes, cardholders, banks, financial institutions or other similar entities or persons.
Settlement Payables means, in the case of each relevant member of the Group, the amounts payable to an End User, Card Scheme, merchant, cardholder of a Card Scheme, bank, financial institution or other similar entities or persons under Settlement Contracts in respect of transactions which have been notified to the relevant member of the Group including, for the avoidance of doubt, amounts held as deferred settlement or withheld for any other reason from such merchants, End Users, Card Schemes, cardholders, banks, financial institutions or other similar entities or persons.

Examples of Settlement Payables in a sentence

  • Any principal prepaid pursuant to this section shall be in addition to, and not in lieu of, all payments otherwise required to be paid under the Loan Documents at the time of such prepayment; provided, however, that Borrower will bear responsibility for the resulting Swap Settlement Payables associated with any Swap Agreements that must be terminated as a result of such prepayment.

  • Market RiskMarket risk is the risk that the fair value or future cashflows of an institution will fluctuate because of a change in market price.

  • The following indent is added in points 16b (Directive Parliament and of the Council) and 31ba (Directive Parliament and of the Council):of the European of the European909/2014‘- 32014 R 0909: Regulation (EU) No of the European Parliament andOJof the Council of 23 July 2014 (OJ L 257, 28.8.2014, p.

  • With respect to any Swap Agreements that need not be terminated as the result of such prepayment and which Borrower elects to maintain in effect, notwithstanding the prepayment of the Advancing Note, so long as any Swap Agreements remain outstanding, the Security Documents shall remain in force and effect (and shall be promptly amended by Borrower and Lender to the extent necessary) to secure Borrower's obligation to pay any Swap Settlement Payables associated with such Swap Agreements.

  • If the Borrower (i) prepays any principal pursuant to this SECTION 2.4 and (ii) elects to maintain in effect any Swap Agreement not required to be terminated as a result of such prepayment, the Security Documents securing the Borrower's obligation to pay any Swap Settlement Payables associated with any such Swap Agreement shall remain in force and effect (and shall be promptly amended by the Borrower and the Lender to the extent necessary) so long as any Swap Agreements remain outstanding.

  • Any principal prepaid pursuant to this section shall be in addition to, and not in lieu of, all payments otherwise required to be paid under the Transaction Documents at the time of such prepayment; provided, however, that the Issuer will bear responsibility for the resulting Swap Settlement Payables associated with any Swap Agreements that must be terminated as the result of such prepayment.

  • Any principal prepaid pursuant to this section shall be in addition to, and not in lieu of, all payments otherwise required to be paid under the Loan Documents at the time of such prepayment, including any Swap Settlement Payables associated with any Swap Agreement that must be terminated as a result of such prepayment.

Related to Settlement Payables

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Intercompany Payables means all account, note or loan payables and all advances (cash or otherwise) or any other Extensions of Credit that are payable by Parent or any of its Subsidiaries (other than the Bank or its Subsidiaries) to the Bank or its Subsidiaries.

  • Settlement Asset means any cash, receivable or other property, including a Settlement Receivable, due or conveyed to a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person or an Affiliate of such Person.

  • Settlement Amount means, with respect to a party and any Early Termination Date, the sum of: --

  • Contract Adjustment Payments means amounts payable by the Company on each Contract Adjustment Payment Date in respect of each Purchase Contract, at a rate per year of 2.725% on the Stated Amount per Purchase Contract.

  • Settlement Value means the amount which the holder of a Contract may receive for a Contract held until Expiration. The Settlement Value of a Binary Contract is $100. The Settlement Value of a Variable Payout Contract is determined as described in the definitions of Long and Short Variable Payout Contracts.

  • Individual Settlement Payment means the amount payable from the Net

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Settlement Costs means all costs incurred by Plaintiff, the Settlement Class Members, and their attorneys, including but not limited to Plaintiff’s attorneys’ fees, costs of suit, Plaintiff’s expert or consultant fees, any incentive payments paid to the Class Representative, notice costs, costs of claims administration, and all other costs of administering the Settlement Agreement.

  • Transaction Payroll Taxes means the employer portion of any employment or payroll Taxes with respect to any bonuses, severance, option cashouts, Change in Control Payments or other compensatory payments in connection with the transactions contemplated by this Agreement, whether payable by Buyer, the Company or its Subsidiaries.

  • Trade Payables means, with respect to any Person, any accounts payable or any other indebtedness or monetary obligation to trade creditors created, assumed or Guaranteed by such Person or any of its Subsidiaries arising in the ordinary course of business in connection with the acquisition of goods or services.

  • Adjustment Payment shall have the meaning specified in Section 3.09(a).

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.04(c).

  • Settlement Lien means any Lien relating to any Settlement or Settlement Indebtedness (and may include, for the avoidance of doubt, the grant of a Lien in or other assignment of a Settlement Asset in consideration of a Settlement Payment, Liens securing intraday and overnight overdraft and automated clearing house exposure, and similar Liens).

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Maximum Settlement Amount means $500,000,000 as amended or modified in accordance with Appendix E.

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Closing Amount has the meaning set forth in Section 2.3.

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Settlement Cycle means the period of Clearance System Business Days following a transaction on the Relevant Exchange in the Underlying, during which period settlement will customarily take place according to the rules of such Relevant Exchange.

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Operating Agreement, section 3.3. PJM Tariff, Xxxxxx, O.A.T.T., OATT or PJM Open Access Transmission Tariff: “PJM Tariff,” “Tariff,” “O.A.T.T.,” “OATT,” or “PJM Open Access Transmission Tariff” shall mean that certain PJM Open Access Transmission Tariff, including any schedules, appendices or exhibits attached thereto, on file with FERC and as amended from time to time thereafter. Plan:

  • Earnout Payments has the meaning set forth in Section 2.2(a).