Split Payment definition

Split Payment means, with respect to any Settlement Purchase Agreement pursuant to which the Claimant has reserved an interest (which interest shall solely be in the form of an independent claim against the Seller for payment to such Person of certain amounts upon, and to the extent of, receipt by the Seller of the Scheduled Payments sold (or portions of which have been sold) by the Claimant to the Seller pursuant to such Settlement Purchase Agreement), the amount of each such payment obligation so reserved and payable by the Seller to such Claimant from time to time pursuant to (and in accordance with) such Settlement Purchase Agreement.
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Split Payment means, with respect to any Settlement Purchase Agreement pursuant to which the Claimant has reserved an interest (which interest shall solely be in the form of an independent claim against the Company for payment to the Claimant of certain amounts upon, and to the extent of, receipt by the Company of the Scheduled Payments sold by the Claimant to the Company pursuant to such Settlement Purchase Agreement), the amount of such payment obligation (or portion thereof) payable by the Company to such Claimant from time to time pursuant to (and in accordance with) such Settlement Purchase Agreement and the Credit Policy Manual.
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Split Payment means, with respect to any Settlement Purchase Agreement pursuant to which the Claimant has reserved an interest in specified payments to be made by an Obligor or Settlement Annuity Provider to the Seller where the Seller has an obligation to pay over such reserved interest of the Claimant to the Claimant, or the Claimant’s successors or assigns (which interest shall solely be in the form of an independent claim against the Seller for payment to such Person of certain amounts upon, and to the extent of, receipt by the Seller of the Scheduled Payments sold (or portions of which have been sold) by the Claimant to the Seller pursuant to such Settlement Purchase Agreement), the amount of each such payment obligation so reserved and payable by the Seller to such Claimant from time to time pursuant to (and in accordance with) such Settlement Purchase Agreement.
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Examples of Split Payment in a sentence

  • Please see additional information regarding the Split Payment Policy (page 3).

  • You may also request money from multiple Users at the same time using the Split Payment (also referred to as “Split”) feature when using a consumer account.

  • Exceptions to the Paper Check / Money Order Policy and Split Payment Policy may be made for checks made to charitable fundraisers such as Silent Angels, as determined by the BAR and GALMLS Board of Directors.

  • If for any Quarter there is no Regeneron Profit Split Payment because there is no Profit, then Kiniksa will still reimburse Regeneron for the Other Shared Expenses incurred by Regeneron in such Quarter in accordance with this Section 9.4.5(c) (Payment to Regeneron).

  • Route / Split Payment product eases out the payment complexity that inherently arises while working with multiple vendors or accounts.

  • The application of such system implies the non-application of the VAT Split Payment Regime for Italian Enel companies members of the “VAT Group” from January 1st, 2021.

  • Split Payment Arrangements Provisional Psychologist Hub do not offer split fee arrangements; there must be one payment arrangement for all supervision services rendered to an individual.

  • Peoples Trust will provide the Split Payment Service and the Transfer entirely in reliance on the Transfer Data provided through ISV Platforms on behalf of Merchant.

  • The Master Servicer shall, or shall cause, the funds on deposit in the Issuer Split Payment Account to be remitted to the applicable Claimant or Individual Annuity Seller in accordance with the terms of the applicable Settlement Purchase Agreement or Annuity Purchase Agreement.

  • The USER / MERCHANT is entitled to the Split Payment services provided by eByar, subjected both parties that request such services must have an account with eByar.


More Definitions of Split Payment

Split Payment means, [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT].
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Split Payment means, with respect to any Settlement Purchase Agreement or Annuity Purchase Agreement pursuant to which the Claimant or any Individual Annuity Seller has reserved an interest (which interest shall solely be in the form of an independent claim against the Seller for payment to such Person of certain amounts upon, and to the extent of, receipt by the Seller of the Scheduled Payments sold (or portions of which have been sold) by the Claimant or Individual Annuity Seller to the Seller pursuant to such Settlement Purchase Agreement or Annuity Purchase Agreement), the amount of each such payment obligation so reserved and payable by the Seller to such Claimant from time to time pursuant to (and in accordance with) such Settlement Purchase Agreement or Annuity Purchase Agreement and the Credit Policy Manual.
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Related to Split Payment

  • Debit Payment means a particular transaction where a debit is made.

  • Next Payment means, in respect of each Next Payment Date, the greater of (i) the amount of any payments due to be made by Party A under Section 2(a) on such Next Payment Date less any payments due to be made by Party B under Section 2(a) on such Next Payment Date (in each case, after giving effect to any applicable netting under Section 2(c)) and (ii) zero.

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Adjustment Payment means, in respect of any Security, the payment (if any) determined by the Determination Agent as is required in order to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value to or from the Issuer as a result of the replacement of the Index by the Alternative Pre-nominated Index. The Determination Agent may determine that the Adjustment Payment is zero.