MONEY REMITTANCE Sample Clauses

MONEY REMITTANCE. 5.1. Subject to the terms of this Agreement, you agree that Oro Pay will execute your instructed payment order by debiting your account and crediting the account of the person you are remitting the e- money to at Oro Pay on the same day. Where the recipient’s account is with another payment service provider the payment will be made as soon as the payment schemes available to Oro Pay allow, which is normally one business day from the date we received valid payment instruction from you. To facilitate the payment as indicated you need to: 5.1.1. Log into your account with the merchant and select (click) the relevant button (“Continue”, “Proceed with Payment”, “Pay”, or any other word or phrase) at the merchant website, or checkout options that permit you to provide Oro Pay with payment instructions. You may also use alternative methods as they may be instructed to you from Oro Pay, from time to time, when you are in the process of submitting a payment instruction; 5.1.2. Complete all the required information (mandatory fields) in the relevant payment process as may be required by Oro Pay and/or the recipient of the e-money; 5.1.3. Make the payment order before 17:00 (Eastern European Time – UTC+2) on a business day. Payment orders given after this time will be considered as next business day orders. 5.1.4. Log into your Oro Pay account at the Oro Pay website and select the merchant/recipient you wish to make a push payment. Once you have selected the merchant/recipient and entered the required details, select the “Complete Payment” button/link that will permit you to provide us with your payment instruction. Depending on the recipient’s terms, payments may not be accepted immediately.
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MONEY REMITTANCE. A payment service where funds are received from a payer, without any payment accounts being created in the name of the payer or the payee, for the sole purpose of transferring a corresponding amount to a payee or to another payment service provider acting on behalf of the payee, and/or where such funds are received on behalf of and made available to the payee.
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MONEY REMITTANCE. Licensee shall, upon Issuing Bank's approval, allow Company to market and offer, on behalf of a fully licensed money transmitter and registered money service business authorized to conduct remittances ("Remittance Provider") certain money remittance services to Cardholders, by redirecting them to the Remittance Provider's website, mobile application or other online platform whereby Cardholders may conduct an international or domestic money transfer directly with such Remittance Provider. Company must receive prior written approval from Licensee and Issuing Bank before incorporating any such Remittance Provider's offering into the Program website, application, IVR or other communication method to Cardholders, which may include, but is not limited to, appropriate initial and ongoing due diligence and underwriting by Licensee or Issuing Bank of such Remittance Provider and the inclusion of an interstitial or other mechanism to delineate the Remittance Provider's platform from the Program website or application.
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MONEY REMITTANCE 
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Related to MONEY REMITTANCE

  • REPORTS AND REMITTANCES A. The Company shall provide to the Reinsurer a monthly report no later than thirty (30) calendar days following the end of each month. Said report shall provide a summary of the gross ceded premium and paid losses for the month that just ended (and in the aggregate during the term of this Contract). B. The Company shall also provide the Reinsurer with the Monthly Servicing Report (as that term is defined in the Policy) no later than sixty (60) calendar days following the end of each month. C. The Company shall pay to the Reinsurer, as promptly as possible, all amounts due the Reinsurer it receives from the Insured under the Policy (including without limitation, any premium, optional policy cancellation fee and amounts paid under Section VII thereof (Loss Adjustments; Application of Current Period Deal Modification Loss Amount)); provided, however, in no event later than five (5) business days after the Company receives any such amount under the Policy. D. Should payment become due from the Reinsurer hereunder, the Company shall give the Reinsurer notice of its intention to make payment on a certain date, and the Reinsurer agrees to remit such payment within ten (10) business days upon receipt of the Notice of Claim from the Insured as provided under the terms of the Policy. The Company authorizes that such payment by the Reinsurer shall be made directly to the Insured through .

  • Remittance The dues and other authorized deductions shall be remitted by the University to the UFF State Office on a biweekly basis within thirty (30) days following the end of the pay period. Accompanying each remittance shall be a list of the employees from whose salaries such deductions were made and the amounts deducted. This list shall be provided in machine-readable form.

  • Collection Account (a) On behalf of the Trustee, the Servicer shall establish and maintain, or cause to be established and maintained, one or more segregated Eligible Accounts (such account or accounts, the “Collection Account”), held in trust for the benefit of the Trustee. On behalf of the Trustee, the Servicer shall deposit or cause to be deposited in the clearing account (which account must be an Eligible Account) in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than one Business Day after the Servicer’s receipt thereof, and shall thereafter deposit into the Collection Account, in no event more than two Business Days after the deposit of such funds into the clearing account, as and when received or as otherwise required hereunder, the following payments and collections received or made by it subsequent to the Cut-off Date (other than in respect of principal or interest on the related Mortgage Loans due on or before the Cut-off Date), or payments (other than Principal Prepayments) received by it on or prior to the Cut-off Date but allocable to a Due Period subsequent thereto: (i) all payments on account of principal, including Principal Prepayments, on the Mortgage Loans; (ii) all payments on account of interest (net of the related Servicing Fee) on each Mortgage Loan; (iii) all Insurance Proceeds and Condemnation Proceeds to the extent such Insurance Proceeds and Condemnation Proceeds are not to be applied to the restoration of the related Mortgaged Property or released to the related Mortgagor in accordance with the express requirements of law or in accordance with Accepted Servicing Practices, Liquidation Proceeds and Subsequent Recoveries; (iv) any amounts required to be deposited pursuant to Section 3.12 in connection with any losses realized on Permitted Investments with respect to funds held in the Collection Account; (v) any amounts required to be deposited by the Servicer pursuant to the second paragraph of Section 3.13(a) in respect of any blanket policy deductibles; (vi) all proceeds of any Mortgage Loan repurchased or purchased in accordance with this Agreement; and (vii) all Prepayment Charges collected by the Servicer. The foregoing requirements for deposit in the Collection Account shall be exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments in the nature of late payment charges, NSF fees, reconveyance fees, assumption fees and other similar fees and charges need not be deposited by the Servicer in the Collection Account and shall, upon collection, belong to the Servicer as additional compensation for its servicing activities. In the event the Servicer shall deposit in the Collection Account any amount not required to be deposited therein, it may at any time withdraw such amount from the Collection Account, any provision herein to the contrary notwithstanding. (b) Funds in the Collection Account may be invested in Permitted Investments in accordance with the provisions set forth in Section 3.12. The Servicer shall give notice to the Securities Administrator, the Master Servicer, the Trustee and the Depositor of the location of the Collection Account maintained by it when established and prior to any change thereof.

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