Payment Applications. Merchant may be using special services, hardware or software provided by a third party (“Third Party Payment System”) to assist Merchant in processing transactions, including authorizations, batch settlement or accounting functions. In the event Merchant uses a Third Party Payment System including, but not limited to, a POS terminal, POS system, POS software, payment software, payment gateway, virtual terminal, cardholder activated terminal or automated fuel dispenser, Merchant is responsible for assuring third party system is PA-DSS certified and complies with the PABP (Payment Application Best Practices) as set forth by the Payment Card Industry Security Standards Council (PCI-SSC) and the Card Associations. Merchant must ensure that any software or system updates of Third Party Payment System(s) satisfies all security standards required under the Rules (including PABP, PA-DSS and PCI-DSS). All electronic commerce Merchants must provide Cardholders with a secure and encrypted transaction method, utilizing a valid Secure Sockets Layer (SSL) certificate or 3D Secure. Neither Bank nor NMS has any responsibility for any transaction until that point in time until such party, as applicable, receives data about the transaction. Merchant must notify Bank and NMS of its use of any Third Party Payment System that will have access to and/or stores Cardholder or Payment Card information.
Payment Applications. Merchant may be using special services, hardware or software provided by a third party (“Third Party Payment System”) to assist Merchant in processing Transactions, including Authorizations, batch settlement or accounting functions. In the event Merchant uses a Third Party Payment System including, but not limited to, a POS Terminal, POS system, POS software, payment software, payment gateway, virtual terminal, Cardholder activated terminal or automated fuel dispenser, Merchant is responsible for assuring third party system is PA-DSS certified and complies with the PABP (Payment Application Best Practices) as set forth by the Payment Card Industry Security Standards Council (PCI-SSC) and the Card Brands. Merchant must ensure that any software or system updates of Third Party Payment System(s) satisfies all security standards required under the Rules (including PABP, PA-DSS and PCI-DSS).. Service Provider has no responsibility for any Transaction until that point in time Service Provider receives data about the Transaction. Merchant must notify Service Provider of its use of any Third Party Payment System that will have access to and/or stores Cardholder or Card information.
Payment Applications. CM/GC shall request payment by submitting a Payment Application in accordance with the terms below. No payment shall become due to CM/GC until a proper Payment Application is submitted.
Payment Applications. Payments shall be applied to open invoices according to Maxtor's payment advice, but, in the event the payment advice does not specify invoices, then payments shall be applied to oldest items first.
Payment Applications. The Architect will review and make recommendations to the Owner regarding the amounts due the Contractor on the Certificates for Payment pursuant to Article 9.3.4and subject to the Inspector’s review, (CM review, if applicable) and Architect’s observation. This review of Payment Applications is sometimes called a “Pencil Draft.” Return of a Pencil Draft shall constitute the Owner's dispute of the Pay Application that has been submitted. Contractor shall promptly respond to Pencil Drafts or Contractor's Pay Applications may be delayed. Contractor's failure to promptly respond to a Pencil Draft shall qualify as a delay in the Prompt Payment of a Request for Payment or Request for Retention.
Payment Applications. In consultation with the Project Designers, the Construction Manager shall review the payment applications submitted by each Subcontractor and determine whether the amount requested reflects the progress of the Subcontractor’s work. The Construction Manager shall make appropriate adjustments to each payment application and shall prepare and forward a progress payment report to the City. The progress payment report shall state the total Contract Price, payments to date, current payment requested, retainage and actual amounts owed for the current period. Included in this report shall be a certificate for payment that shall be signed by the Construction Manager and delivered to the City. The Construction Manager shall keep the Project and the Site free and clear of all liens and claims from its Subcontractors, suppliers or materialmen.
Payment Applications. Once approved, the Schedule of Values shall be incorporated in the GMP Change Order and in all subsequent Payment Applications, with the Schedule of Values being amended from time-to-time, when approved by the ADR, to reflect Change Orders and re-allocations of the Design-Builder Contingency Account as provided in this Article V. The Schedule of Values shall be the basis for subsequent Payment Applications and their evaluation on a line-item basis.
Payment Applications. 1. It is the duty of the Design-Builder to effectively manage the payment application process and all related paperwork. The Design-Builder is responsible to the Commission for securing and delivering all paperwork required by the Contract to be submitted for payment, including Subcontractor, consultant and material supplier lien waivers, certified payrolls, and all other required documents.
2. The Commission will require the Design-Builder to utilize the Commission’s on-line collaboration and document management system (the “System”) for the submission of Design-Builder’s monthly payment applications, including supporting Subcontractor documentation. Design-Builder shall be responsible for implementation and use of the System for purposes of submitting its payment applications, including, without limitation, providing appropriate computer, network and information management systems and equipment for its personnel to access the System, training of Design-Builder’s personnel on the System and the applicable Design-Builder Payment Application business process.
3. Failure of the Design-Builder to promptly submit its payment applications to the Commission, in proper and complete form, will constitute a material breach of this Contract, and constitute cause for termination. No payment application will include payment for Work for which the Design-Builder has not been billed by the applicable subcontractor, material supplier, service provider or consultant.
4. Design-Builder will submit payment applications in such a manner so as not to delay payment to any Subcontractor, material supplier, consultant or service provider whose billing and lien waiver paperwork is complete.
Payment Applications. Construction Manager must review for accuracy, and prepare a recommendation, and forward to the Project Manager for payment the invoices from the Design Team, the Contractor(s) and other consultants. Construction Manager must provide its reports and information in an electronic format in a form acceptable to the Council.
Payment Applications. Your Minimum Payment will be applied in any order at our discretion. Payments in excess of the Minimum Payment will be applied in accordance with applicable law. We may accept checks marked “Paid in Full” or with words of similar effect without losing any of our rights to collect the full balance of your account.
