Receipt of a Payment Order Sample Clauses

Receipt of a Payment Order. You must provide us with sufficient cleared funds before we carry out your Payment Order. If we do not receive such funds in a timely manner, we will not process your Payment Order. You agree that we receive your Payment Order when we receive such cleared funds. We are not responsible for any delay in us receiving such funds from another financial institution or bank.
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Receipt of a Payment Order. (1) Time of receipt of the payment order shall be the moment when the Bank has received the payment order. (2) The Bank shall debit the payment account of the User upon the receipt of the payment order. (3) If the receipt date of the payment order is a non-banking day, it shall be considered that the payment order was received on the next working day. (4) Final time for receiving a payment order shall be determined by the Time Schedule for execution of payment transactions, which is available on the Bank's website. Payment orders received after closure of the Time Schedule in the current day shall be deemed received on the next banking day. (5) The User, who initiates a payment order and the Bank may agree that the execution of the payment order begins on a precisely specified date or at the end of a certain period or on the day on which the payer makes available to the Bank the necessary funds for execution of the payment order, whereas, the receipt time of the payment order shall be deemed to be the agreed date for execution of the payment order. (6) If the agreed date referred to in paragraph 5 is a non-banking day, it shall be considered that the payment order was received on the next working day. (7) If the Bank rejects to execute a payment order or initiate a payment transaction, the Bank shall be obliged to inform the User thereof, the reasons for the refusal and the correction procedure of the errors that led to the refusal of the payment order, unless the provision of the information is prohibited by law.
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Related to Receipt of a Payment Order

  • Receipt of Plan By entering into this Agreement, Participant acknowledges (i) that he or she has received and read a copy of the Plan and (ii) that this Agreement is subject to and shall be construed in accordance with the terms and conditions of the Plan, as now or hereinafter in effect.

  • Receipt of Payment The Company shall have received payment, by wire transfer of immediately available funds, in the full amount of the purchase price for the number of Shares being purchased by such Purchaser at the Closing as set forth in the Schedule of Purchasers.

  • Receipt of Agreement Each of the parties hereto acknowledges that it or he has read this Agreement in its entirety and does hereby acknowledge receipt of a fully executed copy thereof. A fully executed copy shall be an original for all purposes, and is a duplicate original.

  • Receipt of Notice For purposes of this provision, the Consultant’s receipt of the written notice of termination will be determined based on the date of actual receipt or based on Subsection 20.2 below, whichever occurs first.

  • Receipt of Payments Borrowers shall make each payment under this Agreement not later than 2:00 p.m. (New York time) on the day when due in immediately available funds in Dollars to the Collection Account. For purposes of computing interest and Fees and determining Borrowing Availability as of any date, all payments shall be deemed received on the Business Day on which immediately available funds therefor are received in the Collection Account prior to 2:00 p.m. New York time. Payments received after 2:00 p.m. New York time on any Business Day or on a day that is not a Business Day shall be deemed to have been received on the following Business Day.

  • Receipt of Deposit All images processed for deposit through Mobile Deposit will be treated as “deposits” under your current Account Agreement with us and will be subject to all terms of the Account Agreement. When we receive an image, we will confirm receipt via email to you. We shall not be deemed to have received the image for deposit until we have confirmed receipt to you. Confirmation does not mean that the image contains no errors. We are not responsible for any image that we do not receive.

  • Receipt of Funds The Custodian shall, from time to time, receive funds for or on behalf of the Funds and shall hold such funds in safekeeping. Upon receipt of Proper Instructions, the Custodian shall credit funds so received to one or more Accounts designated in such Proper Instructions. Promptly after receipt of such funds from the Fund Custodian or a Repo Custodian or promptly following the transfer to an Account from any account maintained by Custodian in its capacity as Fund Custodian, or as Repo Custodian, the Custodian shall provide written confirmation of such receipt to the Fund Custodian or Repo Custodian, when and as applicable, and of such receipt or transfer to the Fund Agent designated in Section 7.07(b) hereof (the "Fund Agent"). The Custodian shall designate on its books and records the funds allocable to each Account and the identity of each Fund participating in such Account.

  • Receipt of Items We reserve the right to reject any Image or Item transmitted through the Service, at our discretion, without liability to you. We are not responsible for Images we do not receive or for Images that are dropped during transmission. An Image of an Item shall be deemed received only when you receive a confirmation from us that we have received the Image and accepted your deposit. However, the confirmation that we send you does not mean that the transmission was complete or error free.

  • Receipt of Notices Notices and communications sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by facsimile shall be deemed to have been given when sent and receipt has been confirmed by telephone. Notices delivered through electronic communications to the extent provided in subpart (c) below shall be effective as provided in said subpart (c).

  • Conditions to Receipt of Severance Executive’s receipt of the severance benefits set forth in this Section 6 is conditioned upon: (i) Executive continuing to comply with Executive’s obligations under Executive’s CIIAA; and (ii) Executive delivering to the Company an effective, general release of claims in the form attached hereto as Exhibit B (the “Release”) within the applicable time period set forth therein.

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