Common use of Processing Payments Clause in Contracts

Processing Payments. The Business Day that you instruct us to process a payment using the Bill Pay Service is the “Payment Date.” If a payment is requested on a Business Day prior to the cut-off time that we may establish from time to time, we will withdraw the funds at or around the end of that Business Day and mail a check to the payee or initiate an electronic payment on the Payment Date. Payments requested on or after the cut-off time on a Business Day, or anytime not on a Business Day, will be processed at or around the end of the next Business Day. We do not have to make a payment if you do not have sufficient funds or credit available for the payment on the Payment Date. Although you can enter a payment request 24 hours a day, 7 days a week, your designated Payment Date must be on a Business Day. If you instruct us to make a payment on a day other than a Business Day, the applicable Payment Date will be the following Business Day.

Processing Payments. The Business Day that you instruct us to process a payment using the Bill Xxxx Pay Service is the “Payment Date.” If a payment is requested on a Business Day prior to the cut-off time that we may establish from time to time, we will withdraw the funds at or around the end of that Business Day and mail a check to the payee or initiate an electronic payment on the Payment Date. Payments requested on or after the cut-off time on a Business Day, or anytime not on a Business Day, will be processed at or around the end of the next Business Day. We do not have to make a payment if you do not have sufficient funds or credit available for the payment on the Payment Date. Although you can enter a payment request 24 hours a day, 7 days a week, your designated Payment Date must be on a Business Day. If you instruct us to make a payment on a day other than a Business Day, the applicable Payment Date will be the following Business Day.