Common use of Execution of Payment Transactions Clause in Contracts

Execution of Payment Transactions. (1) When you give us a Payment Order for immediate execution, the money will normally be taken from your Account on the same Business Day we receive your Payment Order provided we have received your instruction by cut-off time on that Business Day. If we have not received your Payment Order by then it shall be deemed to have been received on the next Business Day. We have previously provided you with our cut-off times. Any changes to our cut-off times will be notified to you at least one month in advance of the change taking effect.

Appears in 1 contract

Samples: www.smbcgroup.com

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Execution of Payment Transactions. (1) When you give us a Payment Order for immediate execution, the money will normally be taken from f rom your Account on the same Business Day we receive your Payment Order provided we have received your instruction by cut-off time on that Business Day. If we have not received your Payment Order by then it shall be deemed to have been received on the next Business Day. We have previously provided you with our cut-off times. Any changes to our cut-off times will be notified to you at least one month in advance of the change taking effect.

Appears in 1 contract

Samples: Payment Services Agreement

Execution of Payment Transactions. (1) When you You give us Us a Payment Order for immediate execution, the money will normally be taken from your Account on the same Business Day we receive your Payment Order provided we have received your instruction by cut-off time on that Business Day. If we have not received your Payment Order by then it shall be deemed to have been received on the next Business Day. We have previously provided you You with our cut-off times. Any changes to our cut-off times will be notified to you You at least one month in advance of the change taking effect.

Appears in 1 contract

Samples: www.smbcgroup.com

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Execution of Payment Transactions. (1) When you You give us Us a Payment Order for immediate execution, the money will normally be taken from your Your Account on the same Business Day we We receive your Your Payment Order provided we We have received your Your instruction and confirmation following a telephone call back by cutCut-off time Time on that Business Day. If we We have not received your Your Payment Order by then it shall be deemed to have been received on the next Business Day. We have previously provided you with our cut-off times. Any changes to our cutCut-off times Times will be notified to you You at least one month in advance of the change taking effect.

Appears in 1 contract

Samples: Payment Services Agreement

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