Settlement Period. 6.1 Daily total collection (minimum RM1.00) shall be deposited automatically into USER / MERCHANT bank account except Saturday, Sunday and federal public holidays. 6.2 Settlement day shall be the next settlement day if the present settlement day is a federal holiday. 6.3 Next day means anytime between 00:00–23:59. 6.4 Your acknowledgement of settlement statement shall be provided on “best effort” basis based on the Financial Institutions uptime and availability. 6.5 Both parties shall adhere to the payment procedure as provided in Clause4 as above mentioned.
Appears in 2 contracts
Settlement Period. 6.1 Daily total collection (minimum RM1.00) shall be deposited automatically into USER / MERCHANT bank account except SaturdayFriday, Sunday Saturday and federal public holidays.
6.2 Settlement day shall be the next settlement day if the present settlement day is a federal holiday.
6.3 Same day means anytime between 14:00 – 00:00
6.4 Next day means anytime between 00:00–23:5900:00 – 23:59.
6.4 6.5 Your acknowledgement of settlement statement shall be provided on “best effort” basis based on the Financial Institutions uptime and availability.
6.5 6.6 Both parties shall adhere to the payment procedure as provided in Clause4 Clause 4 as above mentioned.
Appears in 1 contract
Samples: User/Merchant Agreement
Settlement Period. 6.1 5.1 Daily total collection (minimum RM1.00) shall be deposited automatically into USER / MERCHANT bank account except Saturday, Sunday and federal public holidays.
6.2 5.2 Settlement day shall be the next settlement day if the present settlement day is a federal holiday.
6.3 5.3 Next day means anytime between 00:00–23:59.
6.4 5.4 Your acknowledgement of settlement statement shall be provided on “best effort” basis based on the Financial Institutions uptime and availability.
6.5 5.5 Both parties shall adhere to the payment procedure as provided in Clause4 Clause 4 as above mentioned.
Appears in 1 contract
Samples: User/Merchant Agreement
Settlement Period. 6.1 Daily total collection (minimum RM1.00) shall be deposited automatically into USER / MERCHANT bank account except Saturday, Sunday and federal public holidays.
6.2 Settlement day shall be the next settlement day if the present settlement day is a federal holiday.
6.3 Next day means anytime between 00:00–23:59.
6.4 Your acknowledgement of settlement statement shall be provided on “best effort” basis based on the Financial Institutions uptime and availability.
6.5 Both parties shall adhere to the payment procedure as provided in Clause4 Clause 4 as above mentioned.
Appears in 1 contract
Samples: User/Merchant Agreement
