Agreement For Payment On Behalf
(k) Seller unconditionally ensures that the cash that Seller receives from the Authorized Subcontractor, attributable to the indicated percentage of future claims, is immediately made available to Buyer for withdrawal from the Account through the Liquidator. As security for the payment and performance of all of your obligations under this Agreement or any other PayPal obligation, you grant PayPal a pledge and warranty right to and all of your existing or performing rights, title and/or interests, to or under this Agreement, the Reserve, all funds held in reserve, all reserves built up at any time in accordance with this Agreement and all revenues derived from the foregoing. The Distributor undertakes to execute and provide correctly PayPal instruments and documents necessary to perfect and otherwise implement the right of pledge and guarantee granted PayPal under this Agreement. The Merchant shall pay, indemnify and maintain PayPal free from (i) all sales, use, excise, import or export duties, VAT or other similar taxes or charges and other taxes or charges that are not based on PayPal income and (ii) all State authorization duties, customs duties and other similar charges that may be levied PayPal with respect to this Agreement. Such taxes, fees and charges paid by the Merchant shall not be deemed to form part of, deduct or set-off any payments due under PayPal of this Agreement. The aim of the SEPA project in Europe is to create a standardised payments market. The 37 countries in the SEPA zone now operate according to the same rules and prices. This makes it easier for companies to compare the price conditions of their different banks and also makes it easier to set up a payment factory within a group. This Agreement contains the entire agreement and understanding between Seller and Buyer and supersedes all prior agreements and understandings, either orally or in writing, regarding the subject matter of the contract, unless expressly confirmed or otherwise stated….