Payment by Electronic Transfer Sample Clauses
The 'Payment by Electronic Transfer' clause establishes that all payments under the agreement will be made using electronic funds transfer methods, such as wire transfers or ACH payments, rather than by check or cash. This clause typically specifies the required banking details, the timing of payments, and any necessary procedures for confirming receipt. By mandating electronic transfers, the clause streamlines the payment process, reduces the risk of lost or delayed payments, and ensures greater security and efficiency in financial transactions between the parties.
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Payment by Electronic Transfer. Within the Contract:-
(a) the Customer shall instruct its banking service supplier to make payment to the Supplier by means of electronic transfer;
(b) each Party to the Contract shall pay for any costs raised by their banking service supplier;
(c) recurring payments shall be made on the same calendar day of each month as set out in the Contract;
(d) cleared funds shall arrive into the bank account, nominated by the Supplier, on or before the Due Date on the invoice;
(e) where the electronic transfer shall not be 'same day', the Customer shall instruct its bank to make payment a sufficient quantity of days ahead of the Due Date, so that;
Payment by Electronic Transfer. Lessee authorizes Lessor or its assigns to electronically transfer all rental payments and other monies due under this Schedule from Lessee’s account maintained with its financial institution, and Lessee agrees to execute and deliver a written “Authorization for Electronic Transfer” form to Lessor to affect such transfers. Failure or refusal of Lessee to authorize such transfers or failure of Lessor or its assigns to receive such payments by electronic transfer shall constitute an additional Event of Default under Section 18 of the Master Lease. Upon the occurrence of the Event of Default specified above, Lessor shall be entitled to exercise its rights and remedies under the Lease.
Payment by Electronic Transfer. Notwithstanding Section 16(a) of the Master Lease, Lessee authorizes Lessor or its assigns to electronically transfer any rental payment due under this Schedule from Lessee’s account maintained with its financial institution in the event Lessee fails to pay said rental payment within fifteen (15) days of its due date. Lessee further agrees to execute and deliver a written “Authorization for Pre-Authorized Payments” form to Lessor to effect such applicable transfers. Failure, cancellation or refusal of Lessee to authorize such transfers or failure of Lessor or its assigns to receive such payments by electronic transfer shall constitute an additional Event of Default under Section 16 of the Master Lease. Upon the occurrence of the Event of Default specified above, Lessor shall be entitled to exercise its rights and remedies under the Lease.
Payment by Electronic Transfer. The Company reserves the right to require Franchisee to pay amounts due to the Company under this Section 6 via electronic transfer.
Payment by Electronic Transfer. If so required in writing by the Landlord, the Tenant must pay the Lease Rents by electronic transfer to any bank and account in the United Kingdom that the Landlord nominates from time to time.
Payment by Electronic Transfer. Lessee shall electronically transfer all rental payments and other monies due under this Schedule from Lessee’s account maintained with its financial institution. Failure of Lessor or its assigns to receive such payments by electronic transfer shall constitute an additional Event of Default under Section 18 of the Master Lease. Upon the occurrence of the Event of Default specified above, Lessor shall be entitled to exercise its rights and remedies under the Lease.
Payment by Electronic Transfer. Franchisor shall receive payment of Master Franchisee’s monthly Royalty fees and any other payments due to the Franchisor, in United States Dollars (“Dollars”) in immediately available funds acceptable to Franchisor, by electronic fund transfer to Franchisor’s bank account at a bank designated by Franchisor in the metropolitan area in which Franchisor’s corporate headquarters is located, or at such other place in the United States or in the Territory, and in such other manner as Franchisor may designate in writing to Master Franchisee. If at any time exchange controls are imposed between the any of the countries which are encompassed by the Territory and the United States such that Master Franchisee is prevented from making any payment due under this Agreement or any other agreement between Master Franchisee and Franchisor, Master Franchisee agrees to use its best efforts to provide alternative methods and United States sources of funds so that Franchisor (or its designated party, as applicable) receives the payments at the times and in the manner provided for in this Agreement. Master Franchisee shall execute all agreements and consents reasonably necessary to effectuate electronic payment. Master Franchisee shall pay for all costs related to the transfer of funds to Franchisor. The dollar amount of any payment shall be determined by Franchisor on the basis of Master Franchisee’s reports or on Franchisor’s own information about Master Franchisee’s Gross Revenues and the Gross Revenues of Stores within the Territory, and debited to Master Franchisee’s account on the date for payment set forth above (if it is not a business day, than on the next business day). Franchisor reserves the right to change the currency, time, and method of payment from time to time, upon written notice and thirty days to conform, to Master Franchisee.