Wire Transfer. Under this method, you agree to electronically remit sufficient funds, in accordance with the Agreement, from your bank directly to our designated bank account and ensure that the funds are available to us on the same day the wire transfer is sent. You must use wire transfers if (a) your total monthly payroll (including related taxes) exceeds $300,000, (b) you are making a payment not related to standard payroll (e.g. bonus or severance payments) that exceed $100,000, or (c) we determine that you pose a credit risk. We must receive wire transfers by 10 a.m. Houston, Texas time on the first business day prior to the Check Date.
Appears in 4 contracts
Samples: Master Services Agreement, Master Services Agreement, Master Services Agreement