Settlement Accounts. Customer shall be required to maintain a Settlement Account at Bank, to which the Payments shall be credited, and shall submit all forms and documents, including but not limited to, signature cards, partnership agreements, and resolutions, as required by Bank in conjunction with this Xxxxxx Express Service. Each Settlement Account shall be subject to the Bank’s rules, regulations and fees. Bank is not obligated to process any Payments until the appropriate Settlement Account has been established.
Settlement Accounts. The Parties agree that Coastal will establish, on behalf of Aspiration, and maintain one or more settlement accounts for Debit Card, ACH payments, wires, mobile check deposits, and physical check deposits for purposes of settling Aspiration Customer transactions. Each transaction settlement account will be a zero balance account. Coastal will be responsible for moving funds to and from such settlement accounts in accordance with Aspiration’s instruction.
Settlement Accounts. The Xxxxx Fargo account designated by WF to Client separately in writing shall be used as the settlement account (the “Settlement Account). Xxxxx Fargo may from time to time designate a different account to be used as the Settlement Account by giving 30 Business Days prior written notice to Client.
Settlement Accounts. The parties agree that the Settlement Accounts shall be in the name of the Bank to comply with Association Rules concerning the use by NDPS of the Bank's BIN numbers, as set forth in this Agreement.
Settlement Accounts. Where proper, the Member shall open a settlement account with UnionBank of the Philippines (“UnionBank”). At present, UnionBank is the sole and exclusive banking partner of i2i and UBX PH. When opening its settlement account, the Member is expected to comply with the documentary requirements and minimum daily maintaining balance of such account as may be required by UnionBank. UBX PH shall assist the Member in the process of opening its account with UnionBank but the Member shall be solely liable to all the duties and responsibilities as an account holder of UnionBank.
Settlement Accounts. 22 (y) Networks ....................................................... 23 Section 4. Representations and Warranties of Buyer ........................ 23 (a) Organization of Buyer .......................................... 23 (b) Authorization of Transaction ................................... 23 (c) Noncontravention ............................................... 23 (d) Brokers' Fees .................................................. 24 Section 5. Post-closing Covenants ......................................... 24 (a) General ........................................................ 24 (b) Litigation Support ............................................. 24 (c) Transition; Sales Referrals .................................... 25 (d) Confidentiality ................................................ 25 (e) Solicitation of Transferred Employees .......................... 25 (f) Recruiting of Employees ........................................ 25 (g) Relocation of Facilities ....................................... 25 Section 6. Remedies for Breaches of This Agreement ........................ 26 (a) Survival of Representations and Warranties ..................... 26 (b) Indemnification Provisions for Benefit of Buyer ................ 26 (c) Indemnification Provisions for Benefit of Seller ............... 27
Settlement Accounts. Seller's settlement accounts used in the Networks are listed in Section 3(x) of the Disclosure Schedule (the "Settlement Accounts"). The Settlement Accounts have not been used for any purpose other than the settlement of monies due the Networks. The transactions occurring on or prior to the date of this Agreement which are processed through the Settlement Accounts are subject to being settled by Buyer after the Closing through the Networks in the Ordinary Course of Business without any liability to Buyer. The Settlement Accounts are not subject to any retroactive adjustments by the Networks for which Buyer could become liable. Seller has done or caused to be done all things and taken all actions necessary to transfer such accounts to Buyer and to effect the transfer of its settlement rights and obligations with respect to the Networks.
Settlement Accounts. 20 SECTION 6.
Settlement Accounts. Subscriber shall have sole responsibility for the settlement of all Cardholder transactions with the issuing Financial Institution and the Association, and the establishment and maintenance of settlement accounts through which Subscriber will settle its Cardholder transactions with the Associations, and TSYS shall have no responsibility therefore. END OF PROCESSING SERVICES SCHEDULE
Settlement Accounts. Each Borrower shall establish with the Custodian in accordance with the terms of the Custody Agreement a separate Settlement Account for the benefit of CSFB, which each such Settlement Account shall be an Eligible Account.
