Direct Credit Sample Clauses

The Direct Credit clause establishes the method by which payments are made directly into a recipient's bank account, rather than by cash, cheque, or other means. In practice, this clause typically requires the payer to transfer funds electronically to a specified account, often including details such as account numbers and payment timing. Its core function is to streamline payment processes, reduce administrative delays, and minimize the risk of lost or misdirected payments.
Direct Credit. All MPI employees will provide a nominated bank account number for the direct crediting of their pay which will be paid fortnightly.
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Direct Credit. Claim benefits/refunds deposited directly into your bank account (please choose one of the below options) Use the above bank account or Select a different bank account (please provide details below) Account name BSB number - Account number
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Direct Credit. Teaching Staff offering courses where direct credit is offered and utilized shall be compensated the Schedule B rate $25 per hour for up to sixteen (16) hours of work. These hours will be provided to the building Principal at the end of the school year.
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Direct Credit. (a) You will be paid directly into your account with a financial institution; (b) You must give Diners Club details of your account at the time of your application, otherwise Diners Club will withhold payment until you provide such details; (c) You must ensure that Diners Club has the correct details of your Direct Credit Account at all times; (d) You must give Diners Club at least seven (7) days advance written notice if you change or cancel your Direct Credit Account; (e) Diners Club is not liable for any Loss you suffer, incur, pay or are liable for as a result of a Direct Credit Account no longer being current or cancelled or changed by you, where you have not notified Diners Club in accordance with clause 6.4(d). This Loss includes the Loss you suffer, incur, pay or are liable for as a result of Diners Club transferring funds to a Direct Credit Account that is no longer current or has been cancelled or changed by you; (f) Diners Club may end the Direct Credit arrangements at any time by giving you 5 Business Days advance written notice.
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Direct Credit. If using this payment method, you must quote the payment reference number provided at the time of your contribution and you must make two separate payments as follows: (a) to a bank account nominated by us from time to time for the payment of contributions to a default fund(s) and (b) to the payment agent bank account in relation to contributions to external funds. Provided monies are paid to us before 12pm (Sydney time) on a business day, the monies will normally be credited to the payment agent bank account that night. Where monies are paid on or after that time, the monies will normally be processed the night of the following business day.
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Direct Credit. Anchor Investors having their bank account with the Refund Bank may be eligible to receive refunds, if any, through direct credit to such bank account; and
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Direct Credit 
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Related to Direct Credit

  • Vacation Credit Any outstanding vacation entitlement for a person going on LTD will be paid in cash upon expiry of sick leave. The cash payment will be calculated on the base earnings at the expiration of sick leave for the prorated days of vacation entitlement, any outstanding lieu days, any outstanding floating statutory holidays, and banked time for 40-hour per week employees. No vacation entitlement, floating holidays, or banked time for 40-hour per week employees accrues while a member is in receipt of LTD benefits.

  • Refund or credit We will credit your card account with any refund in respect of a card transaction or any payment or other credit due to you at such time as we may determine in accordance with our usual practice after our receipt of the amount of such refund, payment or credit in Singapore and conversion to Singapore dollars, where necessary, in accordance with clause 6.8. Any such refund, payment or credit credited to your card account shall not be remitted to you unless we otherwise determine but shall be applied towards the full or partial discharge of the current balance.

  • Change in Credit and Collection Policy At least thirty (30) days prior to the effectiveness of any material change in or material amendment to the Credit and Collection Policy, a copy of the Credit and Collection Policy then in effect and a notice (A) indicating such change or amendment, and (B) if such proposed change or amendment would be reasonably likely to adversely affect the collectibility of the Receivables or decrease the credit quality of any newly created Receivables, requesting the Agent's consent thereto.

  • Retirement Credit Retirement credit for such periods of leave without pay shall be governed by the rules and regulations of the Division of Retirement and the provisions of Chapter 121, Florida Statutes.

  • Service Credit To the extent that any Transferred Employee’s acquired rights are not already protected by the Transfer Regulations or other applicable Law, Purchaser shall, and shall cause its Affiliates to, recognize the prior service of, or recognized with respect to, each Transferred Employee as if such service had been performed with Purchaser for all purposes, including eligibility, vesting, service-related level of benefits and benefit accrual (except for any benefit accruals for U.S. union and non-union hourly Transferred Employees under the defined benefit Rexam Pension Plan, provided that such service for benefit accruals purposes under the Rexam Pension Plan shall be recognized for purposes of early retirement subsidies in accordance with Schedule 5.1(h)) under the employee benefit plans and policies provided by Purchaser to such Transferred Employee following the Closing, to the same extent such service was recognized by Seller, Rexam or any of their respective Affiliates, as applicable, immediately prior to the Closing. Purchaser shall, or shall cause its Affiliates (including the Purchased Entities) to, (i) waive any preexisting condition limitations otherwise applicable to Transferred Employees and their eligible dependents under any plan of Purchaser or any Affiliate of Purchaser that provides health or life benefits in which the Transferred Employees may be eligible to participate following the Closing, other than any limitations that were in effect with respect to a Transferred Employee as of the Closing under the analogous Employee Benefit Plan, (ii) honor any deductible, co-payment and out-of-pocket maximums incurred by the Transferred Employees and their eligible dependents under the health plans in which they participated immediately prior to the Closing during the portion of the calendar year prior to the Closing in satisfying any deductibles, co-payments or out-of-pocket maximums under health plans of Purchaser or any of its Affiliates in which they are eligible to participate after the Closing in the same plan year in which such deductibles, co-payments or out-of-pocket maximums were incurred and (iii) waive any waiting period limitation or evidence of insurability requirement that would otherwise be applicable to a Transferred Employee and his or her eligible dependents on or after the Closing, in each case to the extent such Transferred Employee or eligible dependent had satisfied any similar limitation or requirement under an analogous Employee Benefit Plan prior to the Closing.