Common use of Recurring Payment Clause in Contracts

Recurring Payment. You may schedule payments to Payees to be automatically initiated in a fixed amount on regular intervals. If the Scheduled Date does not exist in a certain month, then payment processing will be initiated on the last Business Day of the month. For example, if you schedule a payment to begin processing on the 30th of each month, your payment for the month of February will be begin processing on or after the 28th of February. The amount of any Single Payment or Recurring Payment shall not exceed $100,000. You will be provided a confirmation number for each payment you schedule using the Xxxx Payment Service. This number is available on the Transactions screen if you need to refer to it in the future. The confirmation number will help us resolve any questions you may have concerning your transactions. While it is anticipated that most transactions will be processed on the next Business Day after your Scheduled Date, and arrive at the Payee within approximately five (5) Business Days after your selected Scheduled Date, it is understood that due to circumstances beyond our control, particularly delays in handling and posting payments by slow responding Payees or financial institutions, some transactions may take a day or even a few days longer to be credited by your Payee to your Payee account. For this reason, it is necessary that all Scheduled Dates selected by you be no less than five (5) Business Days before the bill’s actual due date, not the late date and/or a date in the grace period. DO NOT ENTER THE PAYMENT DUE DATE AS THE SCHEDULED DATE. Payment Instructions entered after the Cutoff Time of 2 p.m. CT or on non- Business Days will be considered entered in the Xxxx Payment Service on the next Business Day. For Recurring Payments, this means that you must allow additional time for months in which weekends or holidays reduce the number of Business Days between the Recurring Payment date and the bill’s actual due date. The risk of incurring and the responsibility for paying any and all late charges or penalties shall be borne by you. We will use our best efforts to make all your payments properly. However, we shall incur no liability if we are unable to process any payments initiated by you through the Xxxx Payment Service because of the existence of any one or more of the following circumstances:

Recurring Payment. You may schedule payments to Payees to be automatically initiated in a fixed amount on regular intervalsthe same scheduled payment frequency. Click the button by the Payee that says "Make it Recurring" to schedule your recurring payment. You may make payments weekly, bi-weekly, semi-monthly, monthly, quarterly, semi- annually or annually. If the Scheduled Payment Date does not exist in a certain month, then the payment processing will be initiated on the last Business Day of the month. For example, if you schedule a payment to begin processing on for the 30th of each month, your payment for the month of February will be begin processing initiated on or after before the 28th day of February. The amount of any Single Payment When establishing a recurring payment, you may elect to choose for the payment to "Pay Before" or Recurring Payment shall not exceed $100,000"Pay After" a scheduled date that falls on a holiday or weekend. You will be provided a confirmation number for each payment you schedule using Bill Pay. You will also see all pending payments in the Xxxx Pending section of the Payments screen prior to the Scheduled Payment ServiceDate. This number is available Once payments are processed, they can be seen on the Transactions screen if you need History screen. You may schedule duplicate payments. A duplicate payment is one that is scheduled to refer be made to it the same Payee on the same date for the same amount as a previously scheduled payment. A duplicate payment is different from a Recurring Payment. A Recurring Payment is scheduled for the same amount to the same Payee on a recurring schedule. You can make payments to any Payee in the futureUnited States. The confirmation number will help us resolve any questions you may have concerning your transactions. While it It is anticipated that most transactions will be processed on the next Business Day after your Scheduled Date, Payment Date and will arrive at the Payee within approximately five (5) 3-5 Business Days after your selected Scheduled Payment Date, it is understood that due . Due to circumstances beyond our control, particularly delays in handling and posting payments by slow responding Payees or financial institutions, some transactions may take a day or even a few days longer to be credited by your Payee to your Payee account. For this reason, it is necessary that all Scheduled Payment Dates selected by you be no less than five (5) Business Days before the bill’s actual due datedate if paid by check and three (3) Business Days before the bill’s actual due date if paid by electronic funds transfer, not the late date and/or a date in the grace period. DO NOT ENTER THE PAYMENT DUE DATE AS THE SCHEDULED DATE. Payment Instructions instructions entered after the Cutoff Time of 2 p.m. CT or on non- Business Days will be considered entered in the Xxxx Payment Service Bill Pay on the next Business Day. For Recurring Payments, this means that you must allow additional time for months in which weekends or holidays reduce the number of Business Days between the Recurring Payment date and the bill’s actual due date. The risk of incurring If you properly follow the procedures described herein, and we fail to send a payment according to the Payment Instructions received, we will bear responsibility for paying any and all late charges or penalties shall be borne (up to a maximum of $50.00 per scheduled payment per business Payee.) In any other event, including, but not limited to, choosing a Scheduled Payment Date less than five (5) Business Days before the bill’s actual due date if paid by you. We will use our best efforts to make all your payments properly. However, we shall incur no liability if we are unable to process any payments initiated by you through the Xxxx Payment Service because of the existence of any one or more of the following circumstances:check and three

Recurring Payment. You may schedule payments to Payees to be automatically initiated in a fixed amount on regular intervalsthe same scheduled payment frequency. Click the button by the Payee that says "Make it Recurring" to schedule your recurring payment. You may make payments weekly, bi-weekly, semi-monthly, monthly, quarterly, semi- annually or annually. If the Scheduled Payment Date does not exist in a certain month, then the payment processing will be initiated on the last Business Day of the month. For example, if you schedule a payment to begin processing on for the 30th of each month, your payment for the month of February will be begin processing initiated on or after before the 28th day of February. The amount of any Single Payment When establishing a recurring payment, you may elect to choose for the payment to "Pay Before" or Recurring Payment shall not exceed $100,000"Pay After" a scheduled date that falls on a holiday or weekend. You will be provided a confirmation number for each payment you schedule using Xxxx Pay. You will also see all pending payments in the Xxxx Pending section of the Payments screen prior to the Scheduled Payment ServiceDate. This number is available Once payments are processed, they can be seen on the Transactions screen if you need History screen. You may schedule duplicate payments. A duplicate payment is one that is scheduled to refer be made to it the same Payee on the same date for the same amount as a previously scheduled payment. A duplicate payment is different from a Recurring Payment. A Recurring Payment is scheduled for the same amount to the same Payee on a recurring schedule. You can make payments to any Payee in the futureUnited States. The confirmation number will help us resolve any questions you may have concerning your transactions. While it It is anticipated that most transactions will be processed on the next Business Day after your Scheduled Payment Date, and arrive at the Payee within approximately five (5) 3-5 Business Days after your selected Scheduled Payment Date, it is understood that due . Due to circumstances beyond our control, particularly delays in handling and posting payments by slow responding Payees or financial institutions, some transactions may take a day or even a few days longer to be credited by your Payee to your Payee account. For this reason, it is necessary that all Scheduled Payment Dates selected by you be no less than five (5) Business Days before the bill’s 's actual due datedate if paid by check and three (3) Business Days before the bill's actual due date if paid by electronic funds transfer, not the late date and/or a date in the grace period. DO NOT ENTER THE PAYMENT DUE DATE AS THE SCHEDULED DATE. Payment Instructions instructions entered after the Cutoff Time of 2 p.m. CT or on non- Business Days will be considered entered in the Xxxx Payment Service Pay on the next Business Day. For Recurring Payments, this means that you must allow additional time for months in which weekends or holidays reduce the number of Business Days between the Recurring Payment date and the bill’s 's actual due date. The risk of incurring If you properly follow the procedures described herein, and we fail to send a payment according to the Payment Instructions received, we will bear responsibility for paying any and all late charges or penalties shall be borne (up to a maximum of $50.00 per scheduled payment per business Payee.) In any other event, including, but not limited to, choosing a Scheduled Payment Date less than five (5) Business Days before the bill's actual due date if paid by you. We will use our best efforts to make all your payments properly. However, we shall incur no liability if we are unable to process any payments initiated by you through the Xxxx Payment Service because of the existence of any one or more of the following circumstances:check and three

Recurring Payment. You may schedule payments to Payees to be automatically initiated in for a fixed amount on regular intervalsa scheduled payment frequency. Choose the option next to the Payee that says Make it Recurring to schedule your recurring payment. You may make payments weekly, biweekly, semi-monthly, monthly, quarterly, semi-annually, or annually. If the Scheduled Payment Date does not exist in a certain month, then the payment processing will be initiated on the last Business Day of the month. For example, if you schedule a payment to begin processing on for the 30th of each month, your payment for the month of February will be begin processing initiated on or after before the 28th last day of February. The amount of any Single Payment When establishing a recurring payment, you may elect to choose for the payment to Pay Before or Recurring Payment shall not exceed $100,000Pay After a scheduled date that falls on a holiday or weekend. You will be provided a confirmation number for each payment you schedule using Bill Pay. It is recommended that you record the Xxxx confirmation number for your records. • When we receive a Payment ServiceInstruction, you authorize us to debit your Payment Account and remit funds to the Payee on your behalf. This number Before an electronic payment is processed, available funds will be verified and withdrawn from your account. Bill Payments will be attempted at the established Cutoff Times depending on when the payment was established. If the payment cannot be processed due to insufficient funds, Bill Pay will attempt to pay the bill for three business days. An email will be generated when the payment cannot be processed due to insufficient funds. If the payment cannot be paid at the end of the three business days, the payment will be automatically canceled, and you will be required to set up the payment again. You will receive an email notification if a Bill Payment has been canceled due to insufficient funds. • We can process a Bill Payment when the Scheduled Payment Date has been scheduled prior to the established Cutoff Times on any Business Day. If you schedule a Bill Pay after the established Cutoff Times, we will process the transaction on our next business day. If you schedule a Bill Payment for a future date, we will process the transaction on that date, if that day is a business day. If the date you request for a future Bill Pay is not a business day, we will process the transaction based on the Transactions screen if Pay Before or Pay After designation you need to refer to it selected. If you schedule a recurring Bill Pay and the transfer date does not exist in a month, the futureBill Pay will be processed on the last business day of that month. The confirmation number • Bill Payments will help us resolve any questions you may have concerning your transactionsbe processed at established Cutoff Times on business days. While it It is anticipated that most transactions will be processed on by the next Business Day after your Scheduled Date, Payment Date and arrive at the Payee within approximately five (5) 3-7 Business Days after your selected Scheduled Payment Date, it is understood that due . Due to circumstances beyond our control, particularly delays in handling and posting payments by slow responding Payees or financial institutions, some transactions may take a day or even a few days longer to be credited by your Payee to your Payee account. For this reason, it is necessary that all Scheduled Payment Dates selected by you be no less than five seven (57) Business Days before the xxxx's actual due date if paid by check and three (3) Business Days before the bill’s 's actual due datedate if paid by electronic funds transfer, not the late date and/or a date in the grace period. DO NOT ENTER THE PAYMENT DUE DATE AS THE SCHEDULED DATE. Payment Instructions instructions entered after the Cutoff Time of 2 p.m. CT or on non- non-Business Days days will be considered entered in the Xxxx Payment Service Bill Pay on the next Business Day. For Recurring Payments, this means that you must allow additional time for months in which weekends or holidays reduce the number of Business Days between the Recurring Payment date and the bill’s 's actual due date. The In any other event, including, but not limited to, choosing a Scheduled Payment Date less than seven (7) Business Days before the bill's actual due date if paid by check and three (3) Business Days before the bill's actual due date if paid by electronic funds transfer, the risk of incurring and the responsibility for paying any and all late charges or penalties shall be borne by you. • The system will calculate the Estimated Arrival Date of your payment. This is only an estimate, so please allow ample time for your payments to reach your Payees. • Sufficient Time for Payments is Necessary. Payments should be scheduled to allow sufficient time for mailing or electronic processing. Suggested scheduling for an ELECTRONIC PAYMENT is to allow three business days from when the payment is processed. Suggested scheduling for a CHECK payment is to allow 5 to 7 business days (checks are not locally processed) from when the payment is processed. We are not responsible for postal delays or processing delays by the payee for any payment made through Bill Pay. • You understand that our authorized agents and we will use our best reasonable efforts to make all your ensure payments properlyreach payees on time but cannot guarantee the time a payment will be received and/or posted by a Payee. However, Our authorized agents and we shall incur no liability if we are unable to process any payments initiated by will use reasonable effort in assisting you through with the Xxxx Payment Service because of the existence reversal of any one service fee or more late charge that is related to a payment processing error. We and our authorized agents will not be responsible for any loss or penalty that may be incurred due to lack of sufficient funds or other conditions that may prevent the following circumstances:withdrawal of funds from your account. Note: Some check and electronic payments may require additional processing time due to OFAC. • Rejection of Payment. Payments may be rejected, returned, or sent to an incorrect address due to incorrect payee data. If a payment is rejected, you will receive a phone call from the Bank (due to invalid account number or invalid payee mailing address for example).