Electronic Transfer of Funds. You must sign an electronic transfer of funds authorization, attached as Appendix D, to authorize and direct your bank or financial institution to transfer electronically, on a weekly basis, directly to our account or our affiliates’ and to charge to your account all amounts due to us or our affiliates. You must maintain a balance in your account sufficient to allow us and our affiliates to collect the amounts owed when due. You are responsible for any penalties, fines or other similar expenses associated with the transfer of funds described in this subparagraph.
Electronic Transfer of Funds. Contractors are encouraged to accept payments for work performed under this contract by receiving Direct Deposit. To enroll in the State of Florida’s Direct Deposit System the Contractor must complete a direct deposit form by contacting the Florida Department of Financial Services, Bureau of Accounting Direct Deposit Section at xxxx://xxx.xxxxxxxxxxxx.xxx/aadir/direct_deposit_web/index.htm or by phone at (000) 000-0000.
Electronic Transfer of Funds. RESERVED.
Electronic Transfer of Funds. (a) In the event Customer desires and requests the use of the SYSTEM to accomplish electronic transfers of funds between Customer’s accounts at Bank, or between Customer’s accounts at bank and an account or accounts at another financial institution, the Bank, in effecting such action, shall be entitled to rely upon the authorizations and instructions of the Customer. Customer shall specify the accounts to be affected by such transfers, as well as the amount and timing of all electronic transfer of funds (All transfers are subject to the 6:00 P.M. cutoff).
(b) Customer agrees to comply with all requirements of Bank then in effect with respect to Customer initiated electronic transfer of funds requests. Customer understands and agrees that Bank will not accept an electronic transfer of funds request initiated by Customer on the SYSTEM unless Customer provides Bank all information required by Bank to process such electronic transfer of funds request.
(c) Prior to using electronic transfer of funds services on the SYSTEM for the first time, the Customer agrees to provide to the Bank, in writing, a list of all officers or duly authorized agents or employees authorized to initiate electronic transfer of funds requests on behalf of the Customer. The Bank shall have the right to rely upon such written authorizations for all transfer authorizations and instructions it thereafter receives from the Customer.
(d) The Bank may, but it is not required to honor, an electronic transfer of funds request if there are not sufficient collected funds in the account at the time of the request.
(e) Customer expressly understands and agrees that all electronic transfer of funds requests processed by Bank after such requests have been initiated via any of Company’s then authorized Security Codes shall be conclusively presumed to be withdrawals or transfers authorized by the Company.
(f) The authorizations and written instructions of the Customer described in this Section pertaining to the transfer of funds shall not be altered, modified, changed or amended, except by prior written notice to the Bank, signed by the Customer. Upon receipt of such written notice from the Customer, the Bank shall have seven (7) days from and after receipt of notice to effect such changes or modifications and during such period the Bank shall have the continuing right to rely upon all written authorizations or instructions previously delivered by the Customer prior to the effective date of such changes...
Electronic Transfer of Funds. The Department shall expedite payment of all Contractor invoices and make payment to the Contractor electronically, in accordance with Chapter 215, Florida Statutes. In order to receive Electronic Funds Transfers for payments of work performed under this Contract, the Contractor must contact the Florida Department of Banking and Finance, Bureau of Accounting, EFT Section. The current contacts for the EFT Section at the Department of Banking and Finance are Xxxx Xxxxxxxx at (850) 410- 9434 or Xxxxx Xxxxx at (000) 000-0000.
Electronic Transfer of Funds. Notwithstanding any other provision of this Offer to Purchase, the parties agree that, if the Purchaser is required by applicable legislation to cause the amount referred to in subsection 3(c) of this Offer to Purchase to be paid by electronic transfer, then the Purchaser will make all commercially reasonable efforts to ensure that such an amount will be transferred to and received by the Vendor’s solicitors on or before 3:00 p.m. (Vancouver time) on the Completion Date. If for any reason out of the control of the Purchaser (which, for greater certainty, will not include any event which is a default by the Purchaser under this Offer to Purchase), the Purchaser cannot ensure that such an amount will be received by the Vendor’s solicitors on or before the time and date set out above, then the Purchaser will be entitled to pay such amount on or before 3:00 p.m. (Vancouver time) on the next business day following the Completion Date so long as, in addition to such amount, the Purchaser also pays to the Vendor at the same time interest on such amount, at a rate equal to the Prime Rate plus one percent (1%) per annum, for each day from and including the Completion Date to but not including the day such payment is made. “Prime Rate”, as used herein, means that variable annual rate of interest quoted by the main branch of Royal Bank of Canada, Vancouver, British Columbia, from time to time as the rate of interest used by it as a reference rate for setting rates of interest on Canadian dollar loans in Canada repayable on demand and commonly referred to by such Bank as its “prime rate”.
Electronic Transfer of Funds. At the time of signing this contract, each Dealer must provide a blank, voided cheque from the bank account they wish to have debited for payment of monies owed SNB. This account will be debited (using Electronic Funds Transfer) each business day for any and all monies owed SNB. It is the responsibility of the Dealer to ensure that sufficient funds are available in this bank account each day to cover all monies owed SNB.
Electronic Transfer of Funds. Electronic Data Interchange Seller and Purchasing Partner agree that in the event any Participating Premier Member with the capability for electronic transfer of funds or other form of electronic data interchange compatible with that of Seller chooses to use such payment or ordering method, the pricing set forth in this Agreement may be reduced by a discount to be mutually agreed upon by such Participating Premier Member and Seller.
Electronic Transfer of Funds. If a Support Summary indicates that you authorized electronic transfer of funds, you will promptly take the steps necessary to permit the electronic transfer to GE in the manner specified by GE of all Total Normal Fixed Charges specified on such Support Summary, in accordance with the terms of the Agreement of which the Support Summary is a part.
Electronic Transfer of Funds. For the limited purpose of electronic check transactions, Customer hereby appoints Paciolan (and Paciolan hereby accepts appointment from Customer) as its agent to make direct debits from individuals and entities that have agreed to purchase goods and services from Customer (each, an “Electronic Payment Consumer”) and to make corresponding credits to Customer for such goods and services. Customer will, and Paciolan will undertake commercially reasonable efforts to assist Customer to, submit data in the form required for the electronic debiting from each Electronic Payment Consumer’s bank deposit account. Customer, with assistance from Paciolan, will configure the e.Venue software to obtain from each Electronic Payment Consumer all necessary information in proper form authorizing access to such Electronic Payment Consumer’s bank account to transfer payment amounts to Customer’s bank deposit account. Customer agrees to use commercially reasonable efforts to ensure that all data and entries submitted by the Electronic Payment Consumer are submitted to the applicable automated clearinghouse in correct form in a timely manner. Customer acknowledges that the applicable automated clearinghouse rules make provisional any credit given for an entry to an account until the financial institution crediting the account specified in the entry receives final settlement. If Customer’s financial institution does not receive final settlement from Electronic Payment Consumer’s financial institution within five business days after Paciolan debits Electronic Payment Consumer’s account for such amount, Electronic Payment Consumer’s financial institution is entitled to a refund from Customer and Electronic Payment Consumer shall not be deemed to have paid Customer for any such goods and services. Customer will maintain electronic records that are compliant with applicable automated clearinghouse rules for automated clearinghouse entries, and Customer agrees to retain the electronic records for the later of two (2) years after completion or revocation of such transaction or as required by law.
