Common use of Time Restrictions Clause in Contracts

Time Restrictions. On each business day – BillPay processing takes place at 4 p.m. ET. Any payment entered BEFORE 4:00 p.m. ET will be processed the same business day. Any payments initiated AFTER 4:00 p.m. ET will be processed on the next business day. Payments may take up to 10 days to reach the vendor; they will be sent either electronically or by check. Bills are only generated and sent on Business Days; they do not get paid on holidays or weekends; all bills will be paid AFTER the weekend or the last working day AFTER the holiday, if the pay date or reoccurring scheduled payment falls on a non-working day. Monies for BillPay are deducted at the time of the payment processing with us.