Store Payment definition
Examples of Store Payment in a sentence
Upon payment of all of the Sale of a Store Payments required hereunder and the payment and discharge of all obligations of the Stockholder incurred hereunder prior to the date of such Sale of a Store Payment, such Stockholder shall thereafter have no further obligation to Wakefern under this Agreement with respect to such Store sold.
Notwithstanding the two preceding paragraphs, if Merchant causes DEGICA or the Convenience Store Payment Service Provider to carry out the Convenience Store Payment Service pertaining to illegal Products, etc.
These Special Provisions set out matters regarding the Convenience Store Payment Service, and if Merchant uses the Convenience Store Payment Service, these Special Provisions shall apply.
On or before March 20, 2006, the Transferor shall deposit $2,408,061.34 into the Store Payment Cash Collateral Account.
Funds on deposit in the Store Payment Cash Collateral Account on any Transfer Date, after giving effect to any withdrawals from the Store Payment Cash Collateral Account to be made on the immediately following Distribution Date, shall be invested in such Cash Equivalents that will mature so that such funds will be available for withdrawal on or prior to the following Transfer Date.
The Trustee, at the written direction of the Servicer, shall make withdrawals from the Store Payment Cash Collateral Account from time to time in an amount up to the amount on deposit therein at such time, for the purposes set forth in this Supplement.
The Store Payment Cash Collateral Account shall be under the sole dominion and control of the Trustee for the benefit of the Class A Certificateholders.
If the Trustee shall be notified by any Person (other than the Agent) to deliver the Store Payment Notice, the Trustee shall promptly notify the Agent thereof.
On each Distribution Date, all interest and earnings (net of losses and investment expenses for the account of the Transferor, if any) accrued since the preceding Distribution Date on funds on deposit in the Store Payment Cash Collateral Account may be remitted to the Transferor upon its request, but otherwise shall remain on deposit in the Store Payment Cash Collateral Account and available for withdrawal pursuant to Section 4.20(c) or Section 4.20(d), as applicable.
On each Business Day the Servicer shall prepare and deliver to the Trustee and such other parties as may be specified in the Intercreditor Agreement, a report (the "Store Payment Allocation"), in substantially the form of Exhibit D-1, setting forth, among other things, the amount of the Store Payments deposited to the Shared Concentration Account on such Business Day.