DISBURSEMENT SERVICES Sample Clauses

DISBURSEMENT SERVICES. Servicer shall prepare the disbursement checks made payable to the appropriate Borrowers, or shall make other allowable arrangements for the disbursement of Education Loan proceeds, and shall mail the checks or deliver the funds, to the appropriate location. Servicer will print Lender's logo on checks if requested.

DISBURSEMENT SERVICES. You understand and AUTHORIZED USERS ACCOUNT USE BY AUTHORIZED USERS: You may request to add one or more Authorized Users to your Account. If we approve your request, use of your Account by an Authorized User is subject to the terms of this Agreement. You must: ACCOUNT INFORMATION RIGHTS FOR AUTHORIZED USERS: We are permitted to discuss your Account with an Authorized User. This includes giving him or her access to your Account information and history. You understand and agree that an Authorized User may use and receive information about the Account the same way you do. An Authorized User cannot add other Authorized Users, adjust the Credit Limit or close the Account. WHAT CAN AUTHORIZED USERS DO? INFORMATION ABOUT AUTHORIZED USERS: You agree to give us certain personal information about each Authorized User. You must let each one know that you will give us that information and you must have his or her permission to do so. You must have permission from each one to allow us to share information about him or her as permitted by applicable law. This includes information we may obtain from you, any Authorized User and others. It also includes information about their Transactions on the Account. CREDIT REPORTING: We report information about this Account to Consumer Reporting Agencies in the Authorized User’s name that may appear on their credit report. This could include information about: DEFAULT, CLOSING OR SUSPENDING THE ACCOUNT DEFAULT: You will be in default if:

DISBURSEMENT SERVICES. The Administrator shall review and approve all Fund expenses and cause them to be paid in a timely manner.

DISBURSEMENT SERVICES. Within two business days (or such other mutually agreed upon time) after receipt of notice that a disbursement payment has cleared a CMFG Life's financial institution, it shall transfer a like amount from the account of the appropriate Party to a CMFG Life account. On a quarterly basis, CMFG Life shall compute and reimburse itself for any interest earned in each other Party's account related to the aforementioned two business day (or other mutually agreed upon time) period.

DISBURSEMENT SERVICES. The disbursement services shall include the following: o Processing and validation of all disbursement requests for general operating expenditures, including business travel expense requests and non-payroll payments to employees. Security and audit validation of all disbursements. o Receive and process various disbursement requests produced in an electronic medium or paper request from Company's various administrative systems.- Company's administrative systems and service areas have completed their standard processes of reviewing and authorizing the payment to be made to their customers/policyholders prior to the transmission to the Disbursement area to process the payment. o Provide a Company specific check stock including Company's name, address and logo. Incorporate security features in check stock to prevent fraud. Print process will secure all check stock, signature and account information. Printing, mailing and distribution of disbursement checks based on Company's specifications to: insert and mail, or return the check and documentation to an appropriate unit/individual/ representative of Company, Print all supporting documentation provided by Company's various Administrative Systems provided electronically to be sent out with the paper check payment. o Provide the ability to combine disbursements into a single payment based on Company's specification. Also, provide the ability to age and utilize various payment discounts prior to issuance of the payment. o Maintain a disbursement service disaster recovery program for Company. o Provide for Emergency Policy Servicing Operations for Company to establish an emergency customer service to issue immediate policyholder payments to remote sites (i,e., earthquake, tornado, Oklahoma Disaster), o Provide the ability to process disbursements through Electronic Funds Transfer (EFT) in the form of a wire transfer, ACH (Automated Clearing House) or U.S. Central Corporate Credit Union transfer. Provide paper advice for EFT payments if requested by Company. Electronic funds transfer payment processing for tax payments. Provide the ability to process international drafts and cables as requested by authorized Company representatives. Also, provide the ability to process and initiate disbursement requests for certified or cashier checks. o Maintain vendor payment and voucher disbursement record archived history information for up to seven years. Provide an on-line payment and voucher inquiry capability to Company's va...

DISBURSEMENT SERVICES. The Company will annually disburse checks and maintain applicable records representing dividend and/or capital gain payments to the shareholders of record of the Fund's Common stock. On the business day following the Fund's Board of Directors approval of a cash dividend or capital gain distribution the Fund will deliver in writing to the Company the Payment Declaration which outlines the rate per share, record date, and payable date of the payment. The Company will release to the United States Post Office all payment checks for mailing no later than one business day prior to the payable date. The Fund agrees to provide the Company, in available funds, the total of the cash disbursement by 10:00 a.m. on the payable date. Payment may be made in the form of a wire transfer, check, or charge to a Star Bank, N.A. checking account. DIVIDEND REINVESTMENT SERVICES The Company will perform and maintain applicable records for Dividend Reinvestment Services on behalf of the shareholders of the Fund pursuant to the terms and conditions of the Fund's Dividend Reinvestment Plan ("the Plan"). The Company must receive, in writing, any alteration to the terms nad conditions of the Plan at least 60 calendar days prior to implementation of the alteration.

DISBURSEMENT SERVICES. 3.1. Client shall bank Cash in the Pool Account equivalent to the aggregate amount of E- Money inclusive of Charges that the Client wishes to remit to its Payees from time to time. 3.2. Client shall submit via the G-Money Portal a Bulk Remittance Sheet in a pre- determined format (MS Excel CSV) indicating the name and MSISDN of each Payee and the E-Money value to be remitted. 3.3. Client will schedule the date and time the remittances are to take place using the G- Money Service. Charges for the G-Money Service shall be deducted from the Client’s G-Money Account or the Payee’s G-Money Account, as the case may be. Charges deducted from the Client will accrue in a `charges paid` account, until settled by the Client. 3.4. The Payee account numbers listed by the Client shall be credited with E-Money value and a report generated within two (2) hours on the status of the accounts. The report will reflect the status of payments made, including whether the Transactions have been completed or not. 3.5. The Payee will be informed automatically by text message from G-Money of the credit into his/her G-Money Account. 3.6. The amounts credited by the Client into the Payee’s Account will reduce the outstanding balance on the Client’s G-Money Account.