Submission of Payment Orders Sample Clauses

Submission of Payment Orders. A Payment Order will be deemed to be submitted once it is inputted and authorised as prompted on the Platform. In order to make a Payment Order, the Account Holder has to provide Finductive with the following information:
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Submission of Payment Orders. Payment Orders may be transmitted to us by any means that we approve, including oral, written, or electronic communication. We may transfer funds by using any commercially reasonable funds transfer system, and the transfer may be made in whole or in part through the automated payments network operated by the Federal Reserve System called Fedwire. We are authorized to record electronically all oral Payment Orders and confirmations. Payment of a Payment Order may be made to a person or account on the basis of an identifying number provided by you in the Payment Order even if it identifies a person different from the person named in the Payment Order. If the Payment Order identifies a bank to which the Payment Order is to be issued by an identifying number, we may rely on the number as the proper identification of the other bank even if it identifies a bank different from a bank identified by name in the Payment Order. Payment Orders may be transmitted to us during Business Days when we are open for the receipt, processing and transmittal of Payment Orders and cancellations and amendments of Payment Orders. You agree to not issue a Payment Order that instructs us to execute the Payment Order on a Business Day that is later than the Business Day on which the Payment Order is received by us, and we may execute any Payment Order on the Business Day of its receipt even though it specifies a later execution date, unless we agree to follow such instructions.

Related to Submission of Payment Orders

  • Order of Payments Checks, drafts, transactions, and other items may not be processed in the order that you make them or in the order that we receive them. We may, at our discretion, pay a check, draft, or item, and execute other transactions on your account in any order we choose. The order in which we process checks, drafts, or items, and execute other transactions on your account may affect the total amount of overdraft fees that may be charged to your account. Please contact us if you have questions about how we pay checks or drafts and process transfers and withdrawals.

  • Application of Payments Landlord shall have the right to apply payments received from Tenant pursuant to this Lease, regardless of Tenant’s designation of such payments, to satisfy any obligations of Tenant hereunder, in such order and amounts as Landlord, in its sole discretion, may elect.

  • Condition of Payment All services provided by the Contractor under this Contract must be performed to the State’s reasonable satisfaction, as determined at the discretion of the undersigned State representative and in accordance with all applicable federal, state, local laws, ordinances, rules and regulations. The State shall not be required to pay for work found to be unsatisfactory, inconsistent with this Contract or performed in violation of any federal, state or local statute, ordinance, rule or regulation.

  • Submittal and Processing of Payments A. Contractor shall submit Applications for Payment in accordance with Article 15 of the General Conditions. Applications for Payment will be processed by Engineer as provided in the General Conditions.

  • Entitlement and Calculation of Payment An employee who has completed less than one year of continuous service as of September of the current year shall be entitled 2 weeks' annual vacation. Payment for such vacation shall be pro-rated in with his/her service. An employee who has completed one year but less than three years of continuous service as of September of current year shall be entitled two week's annual vacation with pay. An employee who has completed three years but less than eight years continuous service as of September the current year shall be entitled to three weeks' annual vacation with pay. Effective in the vacation year, the service require- ment for three weeks vacation will be two years of contin- uous service. An employee who has completed eight years but less than fifteen years of continuous service as of September of -the current year shall be entitled to four weeks' annual vacation with pay. Effective in the vacation year, the service require- ment for four weeks vacation will be six years of con- tinuous service. Effective the vacation the service requirement for four weeks vacation be five years of continuous service, An employee who has completed fifteen years but less than twenty-five years of continuous service as of September of current year shall be entitled to five weeks' annual vacation with pay. An employee who has completed twenty-five or more years of continuous service as of September of the current year shall be entitled to six weeks' vacation with pay. Vacation pay shall be calculated on the basis of the employee's regular straight time rate of pay times their normal weekly hours of work, subject to the application of the Effect of Absence provision. Leave of Abs-e-n-ce- -D-uring Where an employee's scheduled vacation is interrupted due to serious illness requiring the employee to be an in-patient in a hospital, the period of such shall be consid- ered sick leave. The portion of the employee's vacation which is deemed to be sick leave under the above provision will not be counted against the employee's vacation credits. may be taken at any time of the year that is mutually acceptable to the parties, Requests for vacation shall be submitted in writing to the employee's immediate supervisor or his appointee at least eight weeks before the time at which the employee proposes to commence his vacation or such lessor time as may be mutually agreed between the parties provided that there shall be a vacation requests schedule posted in the middle of the month of February of each year in each area of the Hospital covered by this Agreement. Only if there is conflict in requests made in the first eight weeks after the schedule is posted, shall seniority prevail. Thereafter vacations shall be scheduled on a first come first served basis with no regard to seniority. Where an employee has vacation with pay credits of three or four or five weeks, it is understood and agreed vacation weeks are not necessarily continuous. In such a case, the employee may be required to split his vacation into a two week and one week period, or a two week and two week and one week period be taken at different times of the year. Further, vacations are not cumulative from year to year. Vacation pay shall be paid to all employees in advance of their vacation period. Vacation Pay on Termien-a-twi-o-n An employee who leaves the employ of the Hospital for any reason shall be entitled to receive unpaid vacation pay which is accrued to her of separation unless she leaves without giving two weeks' notice of termination in which case she shall be entitled to the vacation pay calculated in accordance with the provisions of The Standards Act, ARTICLE HEALTH AND INSURED -Ins-ur-ed- B-en-ef-it-s The Hospital agrees to contribute one hundred per cent of the billed single premium or one hundred per cent of the billed married premium, whichever is applicable, under the Ontario Health Insurance Plan for each full time employee in the active employ of the Hospital and in the bargaining unit. The parties agree that any and all divisible surplus or excess, credits or refunds, or reimbursements under whatever name, that may arise, during the term of this Collective Agreement and result from a lower premium amount paid by the Hospital under the Ontario Health Insurance Act or any similar legislation, than the total amount paid the Hospital and the employee at the commencement of this Agreement as premium payments for present health services shall accrue to and for the benefit of the Hospital notwithstanding any legis- lation to the contrary, and particularly without limiting the generality, the Ontario Health Insurance Act or any legislation amending or replacing such Act in whole or in part. The Hospital shall pay one hundred percent of the premium hospital coverage. The Hospital agrees to contribute on behalf of each full--time employee in the active employ of the Hospital and in the bargaining unit seventy-five per cent of the present billed premium under the Blue Cross Extended Health Care Plan or its equivalent consisting of ten dollars single and twenty dollars family deductible (no co-insurance) subject to the terms and conditions of such plan provided the balance of the monthly billed premium is paid by the employee through payroll deduction. All eligible future employees coming into the bargaining unit shall be required to enrol as a condition of employment. In addition to the standard benefits, coverage will vision care (maximum every months), Effective date of ratification, the deductible will be In addition, the vision care is increased to and hearing aid will be lifetime maximum per individual. The policy of the Hospital to make available pension and group insurance coverage for its employees subject to the provisions of the respective plans will be con- tinued during term of this Agreement. The Hospital agrees to contribute one hundred per cent of the billed premium of group life coverage. The Hospital agrees to contribute fifty per cent of the billed single premium or fifty per cent of the b i married (current Schedule), whichever is applicable under the Blue Cross Dental Plan or its equivalent, for each full-time employee in the active employ of the Hospital and in the bargaining unit who has completed her probationary period and who voluntarily joins the providing the balance of the monthly premiums are paid by the employee through monthly payroll deductions. Effective date of ratification, the Hospital's contribution to dental plan will be Changew -o-f -Cma-rr-i-e-r The Hospital may at any time substitute another carrier for any plan (other the Ontario Health Insurance Plan) provided that benefits conferred thereby are not in total decreased. Such substitution will not occur on less than sixty days' notice to the Union.

  • Manner of Payment All payments due under this Agreement shall be in lawful money of the United States of America in immediately available funds as each party hereto may specify to the other parties; provided, that in the event the Receiver or the Corporation is obligated to make any payment hereunder in the amount of $25,000.00 or less, such payment may be made by check.

  • Effect of Payment Neither approval of an application for payment, a progress payment, release of retainage, final payment, or partial or entire use or occupancy of the Project by the Owner shall constitute acceptance of work not conforming to the Contract Documents, or waiver of the right to assert overpayment.

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