Common use of Acceptance of Your Payment Order Clause in Contracts

Acceptance of Your Payment Order. We are not obligated to accept any payment order that you give us, although we normally will accept your payment order if you have a withdrawable credit in an authorized account sufficient to cover the order. If we do not execute your payment order, but give you notice of our rejection of your payment order after the execution date or give you no notice, we are not liable to pay you as restitution, any interest on a withdrawable credit, in a non-interest-bearing account. CUTOFF TIME – If we do not receive your payment order or communication canceling or amending a payment order before our cutoff time on a funds transfer day for that type of order or communication, the order or communication will be deemed to be received at the opening of our next funds transfer business day.

Appears in 3 contracts

Samples: Agreement, November 2018, November 2018

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Acceptance of Your Payment Order. We are not obligated to accept any payment order that you give us, although we normally will accept your payment order if you have a withdrawable credit in an authorized account sufficient to cover the order. If we do not execute your payment order, but give you notice of our rejection of your payment order after the execution date or give you no notice, we are not liable to pay you as restitution, restitution any interest on a withdrawable credit, credit in a non-interest-bearing account. CUTOFF TIME – Cutoff Time. If we do not receive your payment order or communication canceling or amending a payment order before our cutoff time on a funds transfer day for that type of order or communication, the order or communication will be deemed to be received at the opening of our next funds transfer business day.

Appears in 2 contracts

Samples: files.needhambank.com, files.needhambank.com

Acceptance of Your Payment Order. We are not obligated to accept any payment order that you give us, although we normally will accept your payment order if you have a withdrawable credit in an authorized account Account sufficient to cover the order. If Except as set forth in the Investor Agreement, if we do not execute your payment order, but give you notice of our rejection of your payment order after the execution date or give you no notice, we are not liable to pay you as restitution, restitution any interest on a withdrawable credit, credit in a non-interest-bearing accountAccount. CUTOFF TIME Cutoff time – If we do not receive your payment order or communication canceling or amending a payment order before our cutoff time on a funds transfer day for that type of order or communication, the order or communication will be deemed to be received at the opening of our next funds transfer business day.

Appears in 1 contract

Samples: Terms and Conditions (AlphaCentric Prime Meridian Income Fund)

Acceptance of Your Payment Order. We are not obligated to accept any payment order that you give us, although we normally will accept your payment order if you have a withdrawable credit in an authorized account sufficient to cover the order. If we do not execute your payment order, but give you notice of our rejection of your payment order after the execution date or give you no notice, we are not liable to pay you as restitution, restitution any interest dividends on a withdrawable credit, credit in a non-interestdividend-bearing account. CUTOFF TIME – Cut-off Time: If we do not receive your payment order or communication canceling or amending a payment order before our cutoff time on a funds transfer day for that type of order or communication, the order or communication will be deemed to be received at the opening of our next funds transfer business day.

Appears in 1 contract

Samples: Membership Account and Services Agreement

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Acceptance of Your Payment Order. We are not obligated to accept any payment order that you give us, although we normally will accept your payment order if you have a withdrawable credit in an authorized account sufficient to cover the order. If we do not execute your payment order, but give you notice of our rejection of your payment order after the execution date or give you no notice, we are not liable to pay you as restitution, restitution any interest dividends on a withdrawable credit, credit in a non-interestdividend-bearing account. CUTOFF TIME – Cutoff Time If we do not receive your payment order or communication canceling or amending a payment order before our cutoff time on a funds transfer day for that type of order or communication, the order or communication will be deemed to be received at the opening of our next funds transfer business day.

Appears in 1 contract

Samples: www.hfcu.org

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