Xxxx Payments. The Depositor acknowledges and agrees that:
a) xxxx payments made through Direct Services, an Access Terminal, or at a branch of the Financial Institution are not processed immediately and that the time period for processing depends upon a number of factors, including, without limitation, the time when the xxxx payment is initiated and the internal accounting processes of the xxxx payment recipient;
b) it is the responsibility of the Depositor to ensure that xxxx payments are authorized in sufficient time for the payment to be received by the xxxx payment recipient before its due date;
c) the Financial Institution and Central 1 will not be liable for any cost, expense, loss, damage, or inconvenience of any nature or kind whatsoever arising as a result of any error, non-payment, or a delay in the processing of xxxx payments;
d) if the Depositor has made or received a xxxx payment in error, the Financial Institution may, but is not obliged to, assist the Depositor by initiating or processing a ‘Xxxx Payment Error Correction Debit’, as defined under the Rules, and if so initiated, the Depositor agrees to indemnify the Financial Institution for any direct loss, costs or damages incurred, and will pay to the Financial Institution any reasonable service charges or fees related to the provision of the service; and
e) if the Financial Institution, absent gross negligence or wilful misconduct, initiates or processes a Xxxx Payment Error Correction Debit affecting the accounts or affairs of the Depositor, the Financial Institution shall be held harmless for any and all loss, costs or damages suffered or incurred by the Depositor, howsoever caused, relating to the xxxx payment or the Xxxx Payment Error Correction Debit process.
Xxxx Payments. You may authorize new payment instructions or edit previously authorized payment instructions for xxxx payments that are either variable (i.e. payments on merchant charge accounts that vary in amount) or fixed (i.e. fixed mortgage payments). When you transmit a xxxx payment instruction to us, you authorize us to transfer funds to make the xxxx payment transaction from your checking account. We will process xxxx payment transfer requests only for such creditors as you authorize. The Credit Union will not process any xxxx payment transfer if we know the required transaction information is incomplete. In any event, the Credit Union will not be liable for any transaction that contains incorrect information that the Credit Union was not responsible for entering or knowing. If there are insufficient funds in your account to make the xxxx payment request, your account will incur a Non-Sufficient Funds (NSF) charge. Subsequent payment requests may not be processed until funds are collected for all previous payments. The Credit Union’s xxxx payment processor may attempt to clear the payment (s) from your account up to three (3) times. After six (6) NSF occurrences, your Xxxx Payment account may be closed. The Credit Union reserves the right to refuse to process payment instructions that reasonably appears to the Credit Union to be fraudulent or erroneous. The Credit Union will withdraw the designated funds from your account for the xxxx payment transfer within five (5) business days after your payment request has been processed. The Credit Union will process your xxxx payment transfer within three (3) business days of the date you schedule for payment. It is your responsibility to schedule your xxxx payments in such a manner that your obligations will be paid on time. You should enter and transmit your xxxx payment instructions at least ten (10) days before a xxxx is due. You are responsible for any late payments or finance charges that may be imposed as a result of your failure to transmit a timely xxxx payment authorization. You may cancel or stop payment on variable or fixed xxxx payments instructions under certain circumstances. If you discover an error in or want to change a payment instruction (i.e., payment date or payment amount) for a xxxx payment that you have already scheduled for transmission through the xxxx payment service, you may electronically edit or cancel your payment request through xxxx payment. Your cancellation request must be entered and tr...
Xxxx Payments. The Credit Union will not process any xxxx payment transfer if the required transaction information is incomplete. You must allow sufficient time for vendors to process your payment after they receive a transfer from the Credit Union. Please allow at least a seven (7) day lead time prior to your due date. The Credit Union cannot guarantee the time that any payment will be credited to your account by the vendor and will not be liable for any service, fee, late charge, or finance charge.
Xxxx Payments. You may make payments to others from one or more of your designated checking accounts with us. If you link more than one checking account to the Services, you must specify which account you wish to use in making payments.
Xxxx Payments. During the Schedule Term and any renewal terms, Lessee agrees to pay Lessor Rent Payments. Rent Payments shall be the amount equal to the Rent Payment amount specified in the Schedule multiplied by the amount of the total number of Rent Payments specified therein. Lessee shall pay Rent Payments in the amount and on the due dates specified by Lessor until all Rent Payments and all other amounts due under the Schedule have been paid in full. If the Schedule Commencement Date is other than the first day of a month, Lessee shall make an initial payment on the Schedule Commencement Date in an amount equal to one-thirtieth of the Rent Payment specified in the Schedule for each day from the Schedule Commencement Date (including the Schedule Commencement Date) through the last day of such month (including that day). For example, if a scheduled payment amount is $3,000 and the Scheduled Commencement date is the 15th of the month, a payment of $1,500 will be made. Any amounts received by Lessor from the Lessee in excess of Rent Payments and any other sums required to be paid by the Lessee shall be held as non-interest bearing security for Lessee’s faithful performance under the conditions of this MLA and any Schedule. All Rent Payments shall be paid to the Lessor at the address stated on the Schedule or any other such place as the Lessor or its assigns may hereafter direct to the Lessee. Lessee shall abide by Appendix A, Section 8J of the Contract in making payments to the Lessor. Any sum received by the Lessor later than ten (10) business days after its due date will bear interest from such due date at the rate of one-percent (1%) per month (or the maximum rate allowable by law, if less) until paid. Late charges, attorney’s fees and other costs or expenses necessary to recover Rent Payments and any other amounts owed by Lessee hereunder are considered an integral part of this MLA. Each Schedule is a net lease and except as specifically provided herein, Lessee shall be responsible for all costs and expenses arising in connection with the Schedule or Equipment. Lessee acknowledges and agrees, except as specifically provided for in Section 7 of this MLA, that its obligation to pay Rent and other sums payable hereunder, and the rights of Lessor and Lessor’s assignees, shall be absolute and unconditional in all events, and shall not be abated, reduced or subject to offset or diminished as a result of any event, including without limitation damage, destruction, defect, m...
Xxxx Payments. If you sign up for the Xxxx Payment Service, you may pay bills directly from your deposit Accounts in the amounts and on the days you request. The Xxxx Payment Service is provided by a third party that is not affiliated with us. See below for more information regarding the Xxxx Payment Service.
Xxxx Payments. 1. If CWB permits, you may be entitled to utilize CWBdirect Business or CWBdirect Enhanced to make online xxxx payments to payees designated by you ("Payees"). You authorize CWB to follow any payment Instructions for xxxx payments ("Xxxx Payment Instruction") received by you through CWBdirect Business or CWBdirect Enhanced. CWB will, after receipt of a Xxxx Payment Instruction, debit your Account designated in the Xxxx Payment Instruction on the date scheduled by you in the Xxxx Payment Instruction ("Date") and remit funds on your behalf to the Payee as close as reasonably possible to the Date designated.
2. You authorize CWB to make xxxx payments to the Payee by any means CWB determines appropriate.
3. You acknowledge that, as different xxxx payment companies have different payment requirements, it is your responsibility to know what your xxxx payment company's requirements are and to make xxxx payments accordingly.
4. CWB shall have no responsibility for: (i) delays in crediting payments which are as a result of the Payee's procedures; (ii) your failure to follow a Payee's payment requirements; or (iii) your failure to schedule a Date to remit funds sufficiently in advance of the date a xxxx payment is due. Without limiting any other provisions in this Agreement, CWB will incur no liability if the Service is unable to complete any xxxx payments initiated by way of CWBdirect Business or CWBdirect Enhanced if your Account does not contain sufficient available funds to complete the payment or the payment would exceed the credit limit of the designated Account's overdraft.
5. CWB will not be responsible under any circumstances for any late payment penalties, fees or interest imposed by your xxxx payment company.
Xxxx Payments. If you give instruction through ATBOL by 12:59 a.m. Mountain Time, the xxxx payment company (or xxxx payment company’s designate) will receive payment the next business day (Saturdays, Sundays and holiday on which ATB Financial xxxx payment units are closed, are not considered business days). As different xxxx payment companies have different payment requirements, it is your responsibility to know what your xxxx payment company’s requirements are and to make payments accordingly. ATB Financial will not be responsible for any late payment penalties, fees, or interest imposed by your xxxx payment company under any circumstances. ATB Financial makes no warranties or representations of any kind whatsoever, whether express or implied, in connection with ATBOL and the Services, except as set out in this Agreement.
Xxxx Payments. 7.1 The Atento Group shall be entitled to make Xxxx Payments only if:
a) the Atento Group Leverage Ratio is, immediately prior to making such Xxxx Payment, equal to or less than 2.5:1 (the “Leverage Threshold”); or
b) to the extent permitted pursuant to Clause 8 below in connection with a Leverage Threshold Event; provided, in each case, that the Company has complied with the provisions of Clause 7.2.
7.2 The Atento Group shall be entitled to make Xxxx Payments if (x) the Company notifies the Lenders in writing (the “Xxxx Payment Notice”) of the amount of the proposed Xxxx Payment and the current Atento Group Leverage Ratio and (y) an amount equal to the Relevant Repayment Amount is applied in repayment of the Loan, with the balance of such Xxxx Payment available to be paid to the Xxxx Group. The Xxxx Payment (including the Relevant Repayment Amount) may not be paid until the later of (i) the date that is fifteen (15) Business Days following the delivery of the Xxxx Payment Notice and (ii) the final determination of the Atento Group Leverage Ratio in accordance with Clauses 7.3 and 7.4 below.
7.3 If the Lenders wish to dispute the Company’s calculation of the Atento Group Leverage Ratio, they shall notify the Company within ten (10) Business Days after receiving the Xxxx Payment Notice (a “Disagreement Notice”). If the Lenders do not timely serve a Disagreement Notice, the Atento Group Leverage Ratio set out in the Xxxx Payment Notice shall be final and binding.
7.4 If the Lenders serve a Disagreement Notice, the Company and the Lenders shall use all reasonable endeavors to meet and reach agreement upon the Atento Group Leverage Ratio. If the Lenders and the Company have not agreed the Atento Group Leverage Ratio within ten (10) Business Days of receipt by the Company of the Disagreement Notice, either the Company or the Lenders may refer the matter to an Independent Expert appointed by the Parties in accordance with paragraph 10 of Schedule V of the Acquisition Agreement. The Independent Expert shall act as an expert and not as an arbitrator and shall make its determination as soon as is reasonably practicable, and in any event within fifteen (15) business days after the date of referral. The Independent Expert’s costs (including any fees and costs of any advisers appointed by the Independent Expert) shall be borne equally by the Company and the Lenders (jointly and severally), or as the Expert may determine.
Xxxx Payments. Once you have received and activated your Personalized Card with your name on it (not the Temporary Card that came with your package), you can make payments to others from your account with us using our xxxx payment service.
