Common use of Scheduling Your Payments Clause in Contracts

Scheduling Your Payments. Regardless of the method used to make each of your payments, always allow adequate time for your payments to reach your payees. At minimum, the Payment Date you select for your payment must be no later than the date you want the payee to receive the payment. In order to ensure your payment is made on time, if your Payment Due Date falls on a non-Business Day, you should select a Payment Date that is at least one Business Day before the Payment Due Date. Some payees require payments to be received before a certain time of the day (such as 2:00 p.m.) on the Payment Due Date. In such cases, the Payment Date you select should be at least one Business Day before the Payment Due Date. The Payment Date you enter in your Payment Instructions should also be prior to any late date or grace period. If your Payment Instructions do not meet all of these requirements, you alone bear the risk that the payee will not receive your payment on time, and you will be responsible for any and all late fees, penalties, finance charges and other actions taken by the payee.

Scheduling Your Payments. Regardless of the method used to make each of your payments, always allow adequate time for your payments to reach your payeesPayees. At minimum, the Payment Date you select for your payment must be no later than the date you want the payee Payee to receive the payment. In order to ensure your payment is made on time, if your Payment Due Date falls on a non-Business Day, you should select a Payment Date that is at least one Business Day before the Payment Due Date. Some payees Payees require payments to be received before a certain time of the day (such as 2:00 p.m.2 pm.) on the Payment Due Date. In such cases, the Payment Date you select should be at least one Business Day before the Payment Due Date. The Payment Date you enter in your Payment Instructions should also be prior to any late date or the end of any grace period. If your Payment Instructions do not meet all of these requirements, you alone bear the risk that the payee Payee will not receive your payment on time, and you will be responsible for any and all late fees, penalties, finance charges and other actions taken by the payeePayee.