Processing Xxxx Payments Sample Clauses

Processing Xxxx Payments. You hereby authorize us or our Service Provider’s bank to debit your Payment Account on each scheduled payment processing date, and remit funds in accordance with your Payment Instructions through the ACH network or via check printed and mailed on your behalf. You also give us the right to resubmit any ACH debit that is returned for insufficient or uncollected funds. You agree that payment transactions will be governed by the NACHA Rules, as in effect from time-to-time, under which you are an “Originator”, your vendor or Customer are a “Receiver”, Xxxx.xxx is a “Third Party Service Provider,” the “Originating Depository Financial Institution” (or “ODFI") is PNC or another domestic chartered U.S. financial institution. If a debit is returned due to insufficient funds, we reserve the right to stop payment on all payments in process until that debit is successfully re-presented and paid. For example: You schedule multiple payments from the same bank account with the same process date, December 11, 2018. The total amount of the payments is $1,000.00. Vendor Invoice # Process Date Payment Amount Consultant 100 12/11/2018 $ 100.00 Legal Counsel 200 12/11/2018 $ 300.00 Contractor 300 12/11/2018 $ 600.00 Total $1,000.00 If the account scheduled for payment does not have sufficient funds to cover the total amount $1,000.00, we reserve the right to stop payment on all of the individual payments until they are rescheduled and enough funds have been deposited into the account to cover the Total Payment Amount for each process date. In some cases, you or one of your Receivables Customers may reverse a transaction for up to 60 days after it settled, or a transaction may be invalidated for fraud or some other reason, in which case the funds will be removed from your Payment Account long after initial deposit. You agree at all times to maintain sufficient funds in your Payment Account to satisfy all obligations including returns, reversals, and associated fees, and to add funds immediately if we notify you that your funds are insufficient. We may, at our discretion, contact your Payees regarding any payments to be made, or payments made, to Payees on your behalf, for any reason. After the Process Date and prior to disbursement, funds will be held in a settlement account at the ODFI for your benefit as your agent. The funds will be comingled with funds of other Service customers; however, you are deemed the principal with respect to the funds in your subaccount. We will tr...
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Related to Processing Xxxx Payments

  • Processing Fees The Borrower acknowledges that processing fee as mentioned in the Schedule hereto has been paid by the Borrower.

  • Processing Fee At the time each Advance is made, Borrower shall pay to Lender the Processing Fee with respect to such Advance.

  • Processing Costs In addition to the Purchase Price, Buyer shall pay Processing Costs in the amount of $900.00, to be paid to Seller in cash or other readily available funds at closing. The Processing Costs are owed in addition to the Purchase Price and shall not be considered part of the Purchase Price.

  • Xxxxx, Esq Sher & Xxxxxxxxx LLP; 0000 X Xxxxxx, XX.; Xxxxx 000; Xxxxxxxxxx, XX 00000.

  • Billing and Collection Customers BellSouth currently has in effect numerous billing and collection agreements with various interexchange carriers and billing clearing houses and as such these billing and collection customers (“B&C Customers”) query BellSouth’s LIDB to determine whether to accept various billing options from End Users. Until such time as BellSouth implements in its LIDB and its supporting systems the means to differentiate Comm South’s data from BellSouth’s data, the following shall apply:

  • Payment Processing Citizens may require any other information from Vendor that Citizens deems necessary to verify any compensation request placed under this Agreement and Vendor agrees that it will provide such information as reasonably requested by Citizens. Payment shall be due net thirty (30) calendar days of Citizens’ actual receipt of a complete and undisputed invoice. Where a submitted invoice is incomplete, such as not containing the information described in this Section, Citizens will return the incomplete invoice to Vendor for correction within thirty (30) calendar days of Citizens’ actual receipt of such invoice. Where Citizens reasonably disputes any part of a complete invoice, such as the amount of the compensation request, Citizens shall pay any undisputed portion of the invoiced amount within (30) calendar days of Citizens’ actual receipt of the complete invoice and will describe the basis for the disputed portion of the invoiced amount. Where Vendor disagrees with Citizens dispute of any invoice, the Parties shall seek to resolve the dispute in accordance with the Dispute Resolution Process further described in this Agreement. In no case shall Citizens be subject to late payment interest charges where Vendor has submitted an incomplete invoice or where Citizens has reasonably disputed an invoice. Where Vendor fails to submit an invoice within twelve (12) calendar months of the Services for which compensation is being requested, Vendor acknowledges and agrees that any payment due for such Services is forfeited by Vendor for its failure to timely submit an invoice.

  • Billing and Collection The Originating party shall xxxx and collect such information service charges and shall remit the amounts collected to the Terminating Party less:

  • XXXXXXX XXXX MAINTENANCE Purchaser shall maintain all roads used under this contract in accordance with the FOREST ACCESS ROAD MAINTENANCE SPECIFICATIONS for the entire term of this contract. Maintenance is required even during periods of inactivity.

  • Monthly Fees ACS will xxxx Customer each month during the term of this Agreement based on number of "Actions" which occurred during the prior month. The definition of "Actions" and fees for each Action will be documented in each Task Order. Customer shall cause ACS to be paid the foregoing fees on a monthly basis within thirty (30) days of ACS' delivery of an invoice for the preceding month's Actions.

  • Originating Switched Access Detail Usage Data A category 1101XX record as defined in the EMI Telcordia Practice BR-010-200- 010.

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