SETTLEMENTS BETWEEN THE PARTIES Clause Samples

SETTLEMENTS BETWEEN THE PARTIES. 4.1. Clients of Partner 1 shall remit payments for the services rendered into Partner 1's current account. Partner 1 shall then transfer the entire Client payment to Partner 2, deducting its agreed-upon commission. 4.2. Partner 1 shall facilitate the establishment of the General Register of payments made by Clients for services rendered under this Contract in Partner 2's Personal Account on Partner 1's website. Additionally, Partner 1 shall provide a display showing the amount of funds payable to Partner 2 as per the terms of this
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SETTLEMENTS BETWEEN THE PARTIES. 6.1 The Bank shall pay the Merchant according to the processed Transaction Records, taking into account the cost of the services offered by the Bank according to the Agreement, claims for Chargebacks, and sums of annulled Transaction records, and subtracting them from the transferable sum. 6.2 The Bank shall pay the sums payable under the Agreement within no later than (5) Settlement days as of the date of the transfer of the Transaction Record to the Bank. If the Transaction Record is received by the Bank on a day that is not a Settlement Day, the next Settlement Day is deemed to be the date of receipt of the Transaction Record. The payment shall be made to the Merchant’s bank account as provided for in the Agreement in the currencies indicated in the Agreement. 6.3 In the case of outstanding arrears by the Merchant, the Bank is entitled to leave unpaid and/or set off the arrears of the Merchant against any amounts that it would have had to pay to the Merchant under the Agreement. 6.4 The Bank debits the contract fee from the Merchant’s Bank account on the day of concluding the Agreement as stated in the Agreement. 6.5 The Bank debits the monthly service free, as determined by the Agreement, on the 16th day of each calendar month from the Merchant’s bank account. If the 16th day of the month is a day off or a public holiday, the Bank shall debit the service fee on the following Settlement Day. 6.6 The Merchant is obliged to ensure the availability of free funds on the Bank account for the purpose of debiting the service fees of Clauses 6.4 and 6.5, 6.7 In case the withholding of the sums specified in this Clause from the Merchant’s bank account proves impossible due to a lack of funds, the Bank has the right to debit the Merchant’s other accounts at the Bank. The Merchant is obligated to pay the amounts of all claims in a timely manner based on the claim submitted by the Bank. In the event of a failure to pay or making a partial payment of the claim, the Merchant undertakes to pay a penalty of 0.1% on the outstanding amount per day.
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SETTLEMENTS BETWEEN THE PARTIES. 3.1. The cost of providing services under this Agreement is: euro 00 eurocents.
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Related to SETTLEMENTS BETWEEN THE PARTIES

  • Disputes between the Parties (1) Disputes between the Parties concerning the interpretation or application of this Agreement shall, if possible, be amicably settled through consultation. (2) If a dispute between the Parties cannot thus be settled within a period of six months, it shall upon the request of either Party be submitted to an arbitral tribunal. (3) Such an arbitral tribunal shall be constituted for each individual case in the following way. Within two months of the receipt of the request for arbitration, each Party shall appoint one member of the tribunal. Those two members shall then select a national of a third State who on approval by the Parties shall be appointed Chairman of the tribunal. The Chairman shall be appointed within two months from the date of appointment of the other two members. (4) If within the periods specified in paragraph (3) of this article the necessary appointments have not been made, either Party may, in the absence of any other agreement, invite the Chairman of the International Court of Arbitration of the International Chamber of Commerce to make any necessary appointments. If the Chairman is a national of either Party or if he is otherwise prevented from discharging the said function, the Vice-Chairman shall be invited to make the necessary appointments. If the Vice-Chairman is a national of either Party or if he too is prevented from discharging the said function, the Member of the International Court of Arbitration of the International Chamber of Commerce next in seniority who is not a national of either Party shall be invited to make the necessary appointments. (5) The arbitral tribunal shall reach its award by a majority of votes. Each Party shall bear the costs of its own member of the tribunal and of its representation in the arbitral proceedings; the costs of the Chairman and remaining costs shall be borne in equal parts by the Parties. The tribunal may, however, in its award direct that a highter proportion of this costs shall be borne by one of the two Parties. The tribunal shall determine its own procedure. This award shall be final and binding on the Parties.

  • Settlement of Disputes between the Parties 1. Any dispute between the Parties concerning the interpretation or application of this Chapter shall, as far as possible, be settled with consultation through diplomatic channel. 2. If a dispute cannot thus be settled within 6 months, it shall, upon the request of either Party, be submitted to an ad hoc arbitral tribunal. 3. Such tribunal comprises of 3 arbitrators. Within 2 months of the receipt of the written notice requesting arbitration, each Party shall appoint one arbitrator. Those 2 arbitrators shall, within further 2 months, together select a national of a third State having diplomatic relations with both Parties who, upon approval by the Parties, shall be appointed as Chairman of the arbitral tribunal. 4. If the arbitral tribunal has not been constituted within 4 months from the receipt of the written notice requesting arbitration, either Party may, in the absence of any other agreement, invite the President of the International Court of Justice to make any necessary appointments. If the President is a national of either Party or is otherwise prevented from discharging the said functions, the Member of the International Court of Justice next in seniority who is not a national of either Party or is not otherwise prevented from discharging the said functions shall be invited to make such necessary appointments. 5. The arbitral tribunal shall determine its own procedure. The arbitral tribunal shall reach its award in accordance with the provisions of this Agreement and the principles of international law recognized by both Parties. 6. The arbitral tribunal shall reach its award by a majority of votes. Such award shall be final and binding upon both Parties. The arbitral tribunal shall, upon the request of either Party, explain the reasons of its award. 7. Each Party shall bear the costs of its appointed arbitrator and of its representation in arbitral proceedings. The relevant costs of the Chairman and tribunal shall be borne in equal parts by the Parties.

  • Cooperation Between the Parties The College and UFE shall supply each other with requested information reasonably needed to facilitate the processing of the grievance. Meetings to discuss any grievance shall be scheduled at mutually convenient times.

  • Settlement of Disputes between the Contracting Parties 1. Disputes between the Contracting Parties concerning the interpretation or application of this Agreement should, if possible, be settled through diplomatic channels. 2. If a dispute between the contracting Parties cannot thus be settled, it shall upon the request of either Contracting Party be submitted to an arbitral tribunal. 3. Such as arbitral tribunal shall be constituted for each individual case in the following way. Within two months of the receipt of the request for arbitration, each Contracting Party shall appoint one member of the tribunal. Those two members shall then select a national of a third State who an approval by the two Contracting Parties shall be appointed Chairman of the tribunal. The Chairman shall be appointed within two months from the date of appointment of the other two members. 4. If within the periods specified in paragraph 3 of this Article the necessary appointments have not been made either Contracting Party may, in the absence of any other agreement, invite the President of the International Court of Justice to make any necessary appointments. If the President is a national of either Contracting Party or if he is otherwise prevented from discharging the said function, the Vice-President shall be invited to make the necessary appointments. If the vice- President is a national of either Contracting Party or if he too is prevented form discharging the said function, the members of the International Court of Justice next in seniority who is not a national of either Contracting Party Shall be invited to make the necessary appointments. 5. The arbitral tribunal shall reach its decision by a majority of votes. Such decision shall be binding on both Contracting Parties. Each Contracting Party shall bear the cost of its own member of the tribunal and of its representation in the arbitral proceedings; the cost of the Chairman and the remaining cost shall be borne in equal parts by the Contracting Parties. The tribunal may, however, in its decision direct that a higher proportion of costs shall be borne by one of the two Contracting Parties, and this award shall be binding on both Contracting Parties. The tribunal shall determine its won procedure.

  • Consultation Between the Parties ALPS and the Fund shall regularly consult with each other regarding ALPS’ performance of its obligations under this Agreement. In connection therewith, the Fund shall submit to ALPS at a reasonable time in advance of filing with the SEC reasonably final copies of any amended or supplemented registration statement (including exhibits) under the 1933 Act and the 1940 Act; provided, however, that nothing contained in this Agreement shall in any way limit the Fund’s right to file at any time such amendments to any registration statement and/or supplements to any prospectus or statement of additional information, of whatever character, as the Fund may deem advisable, such right being in all respects absolute and unconditional.