Inward Payments and Outward Payments Sample Clauses

Inward Payments and Outward Payments. 3.1 When we process Payments for you in accordance with this Part, we will value date and credit the Merchant Data Account with the value of an Inward Payment on the day on which we receive the Inward Payment. Following receipt of an Authorised Instruction, Worldpay shall promptly execute the relevant Outward Payment subject to the provisions of this paragraph 3.
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Inward Payments and Outward Payments. Citcon will value date and credit the Merchant Account with the value of an Inward Payment on the day on which Citcon receives the Inward Payment. Following receipt of an Authorized Instruction, Citcon shall promptly execute the relevant Outward Payment subject to the provisions of this Section 3.
Sample 1

Related to Inward Payments and Outward Payments

  • 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.

  • 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.

  • Billings and Payments Billings and payments shall be sent to the addresses set out in Appendix F.

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