Visa AP definition

Visa AP means the accounts payable of Seller that is due and payable to Comforte that is related to the revenue on the Transferred AR in the amount of Twenty Thousand Two Hundred Ninety-Seven and NO/100s Dollars ($20,297.00).
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Examples of Visa AP in a sentence

  • Upon Seller’s collection of the full Transferred AR Payment, the amount of the Transferred AR Payment shall be considered payments as follows: (1) payment of the Cash Portion of the Purchase Price (which is $410,000.00); (2) payment to reduce the balance of the Member Loans, which is an Assumed Liability assumed by Buyer, in the amount of Seventeen Thousand Two Hundred Ten and NO/100s Dollars ($17,210.00); and (3) payment of the Visa AP (which is $20,297.00).

  • Buyer shall pay the Cash Portion to Seller pursuant to the provisions of Section 3.3(e) and this Section 3.5. If Visa pays the Transferred AR Payment directly to Buyer, then Buyer shall pay the Cash Portion to Seller within ten (10) days following Buyer’s receipt of the Transferred AR Payment, and Buyer shall be responsible to pay the Visa AP directly to Comforte.

  • If Visa fails to pay the Transferred AR Payment to Buyer or Seller on or before October 31, 2019, then Buyer shall pay the Cash Portion directly to Seller on or before October 31, 2019, and Buyer shall be responsible to pay the Visa AP directly to Comforte.

Related to Visa AP

  • ERISA Affiliate Plan has the meaning set forth in Section 5.03(m)(iii).

  • Parent ERISA Affiliate means any corporation or trade or business (whether or not incorporated) which is (or at any relevant time was) treated with Parent or any of its Subsidiaries as a single employer within the meaning of Section 414 of the Code.

  • Company ERISA Affiliate means all employers (whether or not incorporated) that would be treated together with the Company or any of its Subsidiaries as a “single employer” within the meaning of Section 414 of the Code.

  • ERISA Affiliate means any trade or business (whether or not incorporated) that, together with the Borrower, is treated as a single employer under Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Section 414 of the Code.

  • ERISA Affiliates means, with respect to any entity, trade or business, any other entity, trade or business that is a member of a group described in Section 414(b), (c), (m) or (o) of the Code or Section 4001(b)(1) of ERISA that includes the first entity, trade or business, or that is a member of the same “controlled group” as the first entity, trade or business pursuant to Section 4001(a)(14) of ERISA.