Food and Cash EBT Transaction Sample Clauses

Food and Cash EBT Transaction. Processing Platform Uptime Availability The Contractor shall maintain Food and Cash EBT Transaction Processing Platform uptime availability of ninety-nine and nine tenths percent (99.9%) measured on a monthly basis in accordance with applicable Specifications. This Performance Standard is based on the Transaction Processing Platform running twenty-four (24) hours per Day, seven (7) Days per week, three hundred sixty-five (365) Days per year in accordance with applicable Specifications. Food and Cash EBT Transaction Processing Platform uptime availability is the percentage of time during which the System is processing all Food and Cash EBT POS and ATM transactions in accordance with Exhibit A, including scheduled System maintenance where the Contractor has provided prior notification to the State in accordance with Exhibit A, but not including unscheduled System downtime. Unscheduled System downtime is the time during which the POS and ATM transactions are not processed in accordance with Exhibit A. Any portion of a minute of System downtime shall be calculated as a full minute of System downtime. In any month where the Contractor does not meet this ninety-nine and nine tenths percent (99.9%) Performance Standard, the State Project Director shall assess liquidated damages pursuant to Table 3 of this Contract Section. TABLE 3: FOOD AND CASH EBT TRANSACTION PROCESSING PLATFORM UPTIME AVAILABILITY Transaction Processing Platform Uptime Availability Achieved Liquidated Damages Due per Month Above 99.7% and less than 99.9% $10,000 Above 99.5% up to 99.7% $25,000 Above 99.3% up to 99.5% $50,000 Above 99% up to 99.3% $75,000 98% up to 99% $100,000 Less than 98% $300,000
Sample 1
AutoNDA by SimpleDocs

Related to Food and Cash EBT Transaction

  • Historical Transaction Amounts For each of the two years ended 31 December 2021 and 2022 and the six months ended 30 June 2023, the historical transaction amounts paid by Poly Developments and Holdings Group to the Group in respect of property management services under the 2021-2023 Property Management Services Framework Agreements were RMB197.9 million, RMB202.5 million and RMB80.3 million, respectively.

  • PTO Cash Out Non-probationary employees who terminate shall be paid for all unused, accrued paid time off. Such cash out shall be made by the Employer at the time of the employee’s final paycheck.

  • Transactions Made in Foreign Currencies If a transaction is made in a foreign currency, we and MasterCard International or VISA International, depending on which card is used, will convert the transaction into a U.S. dollar amount. MasterCard and VISA will act in accordance with their operating regulations or conversion procedures in effect at the time the transaction is processed. Currently, their regulations and procedures provide that the currency conversion rate they use, to determine the transaction amount in U.S. dollar, is either (a) a wholesale market rate, or (b) a government-mandated rate in effect one day prior to the processing date. MasterCard and VISA increase this conversion rate by one percent (1%) and keep this increase as compensation for performing the currency conversion service. We will charge you two percent (2%) of the U.S. dollar amount of the transaction converted from a foreign currency. The currency conversion rate calculated in this manner that is in effect on the processing date may differ from the rate in effect on the transaction date or posting date. Other Charges. You agree we may assess, in addition to the Interest Charge, the Other Charges below which charges will be earned when assessed and are not subject to refund or rebate. The following fees may be added, as applicable, to the Account and treated as a Purchase as indicated on the Insert:

  • E-CHECK TRANSACTIONS You may authorize a merchant or other payee to make a one-time electronic payment from Your checking Account using information from Your check ("E-Check") to: (a) pay for purchases; or (b) pay bills.

  • FISCAL IMPACT/FINANCING There will be no impact to the County General Fund.

  • OVERSEAS TRANSACTIONS 13.1 The Cardmember may use the Credit Card outside Malaysia where there are Authorised Merchants and/or Authorised Cash Outlets.

  • Split Transactions You can instruct a merchant to charge your Card for part of a purchase and pay any remaining amount with cash or another card. This is called a “split transaction.” Some merchants do not permit split transactions. If you wish to conduct a split transaction, you must tell the merchant the exact amount you would like charged to your Card. If you fail to inform the merchant you would like to complete a split transaction and you do not have sufficient available funds in your Account to cover the entire purchase amount, your Card is likely to be declined.

  • Card Transactions (a) Card Network Rules. When accepting payment card Transactions, you must comply with all applicable Card Network Rules, including the Visa Rules specified by Visa, the Mastercard Rules specified by Mastercard, and the Card Network Rules specified by American Express. Each Card Network may amend its Card Network Rules at any time without notice to you.

  • Transactions in Foreign Currencies and Transactions Processed Outside Singapore a. Foreign currency transactions

  • Foreign Transaction Fee If you make a Purchase or Cash Advance in a foreign currency, it will be billed to you in U.S. dollars. You will be billed the foreign transaction fee for these Purchases and Cash Advances made in foreign currency in the amount shown on page 1. This fee, which is a FINANCE CHARGE, is not a foreign currency conversion charge and is not based on our exchange cost.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!