Business PAD definition

Business PAD shall have the meaning set forth in the Pre-Authorized Debt Rules.
Sample 1Sample 2Sample 3
Business PAD means a PAD drawn on the account of a Payor for the payment of goods or services related to a business or commercial activity of the Payor, including, but not limited to, payments between franchisees and franchisors, distributors and suppliers, and dealers and manufacturers that has been identified as a Business PAD “transaction type”.
Sample 1
Business PAD means a PAD drawn for the payment of goods or services related to your business or commercial activity. "Personal PAD" means a PAD drawn for the payment of goods or services related to your personal, household or consumer activity. You acknowledge that if this PAD is used for payment of a business TD Credit Card Account with us, it is a Business PAD. You acknowledge that if this PAD is used for payment of a personal TD Credit Card Account with us, it is a Personal PAD. You acknowledge that this Agreement is being entered into for our benefit and the benefit of any financial institution that holds the PAD Account (the "PAD Institution"), and is being entered into in consideration of the PAD Institution agreeing to process PADs against the PAD Account in accordance with the rules of the Canadian Payments Association. You authorize us to debit the PAD Account for all amounts owed to us from time to time under the TD Credit Card Account for the payment amount indicated under Payment Options on the Form.
Sample 1Sample 2

Examples of Business PAD in a sentence

  • If this is for business purposes, it will be considered a Business PAD.

  • The Customer will not have an opportunity to review any cheque or Business PAD before it is automatically returned by Royal Bank as dishonoured pursuant to this Service.

  • Each PAD Authorization has been executed by persons with signing authority in respect of the account at a Canadian financial institution that is the subject of such PAD Authorization and any such PAD Authorization is a Business PAD and not a Personal PAD.

  • The Customer represents, warrants, covenants, and agrees that it is in compliance, and will comply, with all Applicable Laws, including with respect to the stop payment of any cheque and the revocation of its authority for any Business PAD if required in connection with this Service.

  • The financial institution shall reimburse me, on behalf of the organization, for any amounts withdrawn in error, within 90 calendar days of the withdrawal for a Personal PAD and within 10 business days for a Business PAD, provided that the reimbursement is claimed for a valid reason.

  • Immediately on request by Royal Bank, the Customer will provide an affidavit in connection with the return of a fraudulent cheque or a Reimbursement Claim in connection with the return of a Business PAD.

  • In order to be reimbursed for any disputed debit made to your Bank Account in the case of a Personal PAD or Business PAD, a declaration must be completed and sent to the Deposit Bank not more than 90 calendar days or 10 business days respectively after the date on which the disputed transaction was posted to your Bank account.

  • To obtain more information on whether my PAD is a "Personal PAD" or a "Business PAD", I/We may contact my/our financial institution or visit xxx.xxxxxxxx.xx.

  • I/We acknowledge that a claim on the basis that my/our authorization was revoked, or any other reason, is a matter to be resolved solely between you and me/us when disputing any PAD after 90 calendar days in the case of a Personal PAD or after 10 business days in the case of a Business PAD.

  • In order to be reimbursed, I/we acknowledge that a declaration to my/our financial institution to the effect that either (i) or (ii) took place, must be completed and presented to the branch of the financial Institution holding my/our account up to and including 90 calendar days in the case of a Personal PAD (or up to and including 10 business days in the case of a Business PAD), after the date on which the PAD in dispute was posted to my/our Account.


More Definitions of Business PAD

Business PAD means a pre-authorized debit drawn on your Account for payment of the full balance owing by you to Shell Canada Products in connection with your business or commercial activities;
Sample 1Sample 2
Business PAD means a PAD (Pre-Authorized debit in paper, electronic or other form) drawn on the account of a payor such as, but not limited to, a corporation, an organization, a trade, an association, a government entity, a profession, a venture or an enterprise, for the payment of goods and services related to commercial activities of a payor.
Sample 1
Business PAD means a PAD drawn for the payment of goods or services related to your business or commercial activity. "Personal PAD" means a PAD drawn for the payment of goods or services related to your personal, household or consumer activity. You acknowledge that this Agreement is being entered into for our benefit and the benefit of any financial institution that holds the PAD Account (the "PAD Institution"), and is being entered into in consideration of the PAD Institution agreeing to process PADs against the PAD Account in accordance with the rules of the Canadian Payments Association. You authorize us to debit the PAD Account for all amounts owed to us for monthly rent payments and additional fees for service for the payment amount indicated under Payment Options on the Form.
Sample 1

Related to Business PAD

  • Business Property means property on which a business is conducted, property rented in whole or in part to others, or held for rental.

  • Business Products means all products or services that have been or are currently sold, licensed, provided, supported, distributed or otherwise disposed of by the Business, including all products or services in development.

  • Business Partner means a legal entity that requires use of a Cloud Service in connection with Customer’s and its Affiliates’ internal business operations. These may include customers, distributors, service providers and/or suppliers of Customer.

  • business premises means premises on which a business is conducted, premises rented in whole or in part to others, or held for rental.

  • Business Area means an adjacent area that is zoned by a state, county, township, or municipal zoning authority for industrial or commercial purposes, customarily referred to as "b" or business, "c" or commercial, "i" or industrial, "m" or manufacturing, and "s" or service, and all other similar classifications and that is within a city, village, or charter township or is within 1 mile of the corporate limits of a city, village, or charter township or is beyond 1 mile of the corporate limits of a city, village, or charter township and contains 1 or more permanent structures devoted to the industrial or commercial purposes described in this subdivision and that extends along the highway a distance of 800 feet beyond each edge of the activity. Each side of the highway is considered separately in applying this definition except that where it is not topographically feasible for a sign or sign structure to be erected or maintained on the same side of the highway as the permanent structure devoted to industrial or commercial purposes, a business area may be established on the opposite side of a primary highway in an area zoned commercial or industrial or in an unzoned area with the approval of the state highway commission. A permanent structure devoted to industrial or commercial purposes does not result in the establishment of a business area on both sides of the highway. All measurements shall be from the outer edge of the regularly used building, parking lot, or storage or processing area of the commercial or industrial activity and not from the property lines of the activities and shall be along or parallel to the edge or pavement of the highway. Commercial or industrial purposes are those activities generally restricted to commercial or industrial zones in jurisdictions that have zoning. In addition, the following activities are not commercial or industrial:

  • Valid business purpose means one or more business purposes that alone or in combination

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Active business operations means all business operations that are not inactive business operations.

  • Private Business Use means use (directly or indirectly) in a trade or business or activity carried on by any Private Person (other than a Tax-Exempt Organization) other than use as a member of, and on the same basis as, the general public.

  • Supply Business means the licensed business of the Licensee and anyaffiliate or related undertaking of the Licensee as a Supplier but shall not include the business carried out by the Board in its capacity as public electricity supplier;

  • Business Customer means a customer who is not a residential customer.

  • business name or "trade name" means the name of a licensed business as used by the licensee on signs and advertising.

  • Business Facility means any real property including the land, the improvements thereon, the groundwater thereunder and the surface water thereon, that is or at any time has been owned, operated occupied, controlled or leased by the Company or any Subsidiary in connection with the operation of its business.

  • Business location means a location where the firm carries out an activity that requires registration, and includes a residence if regular and ongoing activity that requires registration is carried out from the residence or if records relating to an activity that requires registration are kept at the residence;

  • Stations means the Owned Stations and the Contract Stations.

  • Inactive business operations means the mere continued holding or renewal of rights to property previously operated for the purpose of generating revenues but not presently deployed for such purpose.

  • food business operator means the natural or legal persons responsible for ensuring that the requirements of food law are met within the food business under their control;

  • Customer Proprietary Network Information (“CPNI”) is as defined in the Act.

  • Business operations means engaging in commerce in any form, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, facilities, personnel, products, services, personal property, real property, or any other apparatus of business or commerce.

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;

  • Business Software means with respect to a Licensor, all Software to the extent Controlled by such Licensor or any of its Affiliates as of the Effective Date, which Software is reasonably required as of the Effective Date for the conduct of (i) the Agriculture Business if the Licensee is AgCo, including as listed on section (i) of Schedule Q, or (ii) the Materials Science Business if the Licensee is MatCo, including as listed on section (ii) of Schedule Q, in each case (in respect of the foregoing (i) and (ii)), only if and to the extent such Licensee and its Affiliates have not been granted a license or other rights to use such Software under the Separation Agreement or any other Ancillary Agreement. Notwithstanding the foregoing, Business Software expressly excludes any and all Excluded IP.

  • Company Business means the business of the Company as presently conducted.

  • Business Licenses has the meaning ascribed to it in Section 1.01(a)(x).

  • Resident Business or “Resident Contractor” means an entity that has a valid resident certificate issued by the NM Taxation and Revenue Department pursuant to Section 13-1-22 NMSA 1978.