Insufficient Funds; Failed Payments Sample Clauses

Insufficient Funds; Failed Payments. If there are insufficient funds in your Payment Account to complete a Payment transaction you have initiated, we may either refuse to process the transaction or complete the transaction, with or without overdrawing the Payment Account, in our sole and absolute discretion. Subject to the requirements of applicable law, you are responsible for the amount of any Payment transaction we complete on your behalf, as well as applicable fees and charges, whether or not your Payment Account becomes overdrawn. Our election to execute any Payment transaction if or when you have insufficient funds in your Payment Account to cover such transaction in no way obligates us to execute any other Payment transaction if or when you have insufficient funds. You further agree that:
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Insufficient Funds; Failed Payments. If there are insufficient funds in Customer’s applicable Account to complete a payment transaction Customer has initiated, Bank may either refuse to process the transaction or complete the transaction, with or without overdrawing the Account, in Bank’s sole and absolute discretion. Subject to the requirements of applicable law, Customer is responsible for the amount of any payment transaction Bank completes on Customer’s behalf, as well as applicable fees and charges, whether or not Customer’s Account becomes overdrawn. Bank’s election to execute any payment transaction if or when Customer has insufficient funds in Customer’s Account to cover such transaction in no way obligates Bank to execute any other payment transaction if or when Customer has insufficient funds. Customer further agrees that:
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Insufficient Funds; Failed Payments. If there are insufficient funds in your applicable Service Account to complete a payment transaction you have initiated, we may either refuse to process the transaction or complete the transaction, with or without overdrawing the Service Account, in our sole and absolute discretion. Subject to the requirements of applicable law, you are responsible for the amount of any payment transaction we complete on your behalf, as well as applicable fees and charges, whether or not your Service Account becomes overdrawn. Our election to execute any payment transaction if or when you have insufficient funds in your Service Account to cover such transaction in no way obligates us to execute any other payment transaction if or when you have insufficient funds. You further agree that:
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Related to Insufficient Funds; Failed Payments

  • Insufficient Funds If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, L/C Borrowings, interest and fees then due hereunder, such funds shall be applied (i) first, toward payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, toward payment of principal and L/C Borrowings then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and L/C Borrowings then due to such parties.

  • Excess Funds Any party receiving funds paid by SBBC under this Agreement agrees to promptly notify SBBC of any funds erroneously received from SBBC upon the discovery of such erroneous payment or overpayment. Any such excess funds shall be refunded to SBBC.

  • Returned Payments If after receipt of any payment which is applied to the payment of all or any part of the Obligations (including a payment effected through exercise of a right of setoff), the Administrative Agent or any Lender is for any reason compelled to surrender such payment or proceeds to any Person because such payment or application of proceeds is invalidated, declared fraudulent, set aside, determined to be void or voidable as a preference, impermissible setoff, or a diversion of trust funds, or for any other reason (including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion), then the Obligations or part thereof intended to be satisfied shall be revived and continued and this Agreement shall continue in full force as if such payment or proceeds had not been received by the Administrative Agent or such Lender. The provisions of this Section 2.21 shall be and remain effective notwithstanding any contrary action which may have been taken by the Administrative Agent or any Lender in reliance upon such payment or application of proceeds. The provisions of this Section 2.21 shall survive the termination of this Agreement.

  • Refused Payments We reserve the right to refuse to pay any Receiver. We will attempt to notify the Sender promptly if we decide to refuse to pay a Receiver designated by the Sender. This notification is not required if you attempt to make a prohibited payment under this Agreement.

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