Crediting Payments definition

Crediting Payments. The receipt of any payment item by Lender shall not be considered a payment on account unless such payment item is a wire transfer of immediately available federal funds made to the Lender’s Account or unless and until such payment item is honored when presented for payment. Should any payment item not be honored when presented for payment, then Borrower shall be deemed not to have made such payment and interest shall be calculated accordingly. Anything to the contrary contained herein notwithstanding, any payment item shall be deemed received by Lender only if it is received into the Lender’s Account on a Business Day on or before 11:00 a.m. (California time). If any payment item is received into the Lender’s Account on a non-Business Day or after 11:00 a.m. (California time) on a Business Day, it shall be deemed to have been received by Lender as of the opening of business on the immediately following Business Day.”
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Crediting Payments. It is to your advantage to make all payments properly and on time. All payments received on a business day will be credited on that day provided they are received at the address and in the manner and by the time indicated by your monthly statement. Other payments may not be credited for up to 5 business days. Payments must be in United States currency. IRREGULAR PAYMENTS: We may accept late payments, partial payment or checks or money orders labeled “payment in full” without losing our rights under this Agreement. ENTIRE BALANCE DUE: Your entire balance will be due without notice or demand if: you miss a payment; you break any of your promises under this Agreement or any other agreement you have with us; anything you told us in connection with applying for this account is untrue; you exceed your credit line; you become insolvent or involved in bankruptcy proceedings, make an assignment for the benefit of creditors, or cease to exist or die; or if a tax lien is filed against you or your property. This paragraph does not limit the Bank’s right to demand payment of the outstanding balance of your account in full at any time.
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Crediting Payments. To allow for application of payments and for Section 2.7 purposes of computing Finance Fees, all payments shall be applied to the Obligations two business days after payments are received by Purchaser.
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Examples of Crediting Payments in a sentence

  • GIAC applies the Net Premium in accordance with the allocation percentages in effect on that date (see "Crediting Payments" on page 9).

  • Crediting Payments When a payment is received at the Executive Office without being identified as a premium payment, such payment will be applied: o first, to pay any Policy Debt; o then, as a premium payment.

  • After the Issue Date, the owner may allocate all or part of a Net Premium to the Allocation Options, subject to the limitations specified on page 3, in accordance with the allocation percentages in effect on the date GIAC applies the Net Premium (see "Crediting Payments" on page 9).

  • Crediting Payments and Providing Payoff StatementsMortgage servicers must promptly credit mortgage payments when received [see 12 CFR Part 1026, Subpart C,§1026.36(c)].

  • Crediting Payments: The Association shall apply all partial payments by the member to the member’s outstandingbalance in the following order: *Attorney’s fees and costs *Late fees and interest *Fines *Special assessments *Regular assessments, with payment being applied to the oldest balance first.

  • LOAN AND TERMS OF PAYMENT 29 2.1 Revolver Advances 29 2.2 Borrowing Procedures and Settlements 30 2.3 Payments 37 2.4 Overadvances and Required Amortization Amount 40 2.5 Interest Rates: Rates, Payments, and Calculations 41 2.6 Cash Management 42 2.7 Crediting Payments 43 2.8 Designated Account 43 2.9 Maintenance of Loan Account; Statements of Obligations 43 2.10 Fees 44 2.11 Capital Requirements 44 2.12 LIBOR Option 45 2.13 Restatement of Obligations 47 3.

  • GIAC applies the Net Premium in accordance with the allocation percentages in effect on that date (see "Crediting Payments" on page 11).

  • In computing interest on any Advance, the Funding Date shall be included and the date of payment shall be excluded; provided, however, that if any Advance is repaid on the same day on which it is made, such day shall be included in computing interest on such Advance.2.3 Crediting Payments.

  • LOAN AND TERMS OF PAYMENT 2.1 Advances 2.2 Overadvances 2.3 Interest Rates, Payments, and Calculations 2.4 Crediting Payments 2.5 Fees 2.6 Additional Costs 2.7 Term 3.

  • Karklins « s’est rappelé le succès de la conférence d’Orbicom à Marrakech en 2004, qui constituait une partie de la préparation au Sommet sur la société de l’information de Tunis ».

Related to Crediting Payments

  • Special Payments Account means the Eligible Deposit Account created pursuant to Section 2.2 as a sub-account to the Collection Account.

  • Policy Payments Account means a separate special purpose trust account that is an Eligible Account, for the benefit of Holders of the Notes and the Credit Enhancer over which the Indenture Trustee has exclusive control and sole right of withdrawal.

  • Crediting Date means the date designated in the Adoption Agreement for crediting the amount of any Participant Deferral Credits or Employer Credits to the Deferred Compensation Account of a Participant.

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Lump Sum Payment means, collectively, the lump-sum payments that may be payable to Executive pursuant to the first sentence of Subsection 6(b)(iii) and pursuant to Subsection 6(c)(ii)(B).

  • recurring payments “reference transactions” "preauthorized transfers" or "preapproved payment." You can cancel your billing agreement at any time in your account interface or by contacting us. Where a payment under that billing agreement is scheduled to be made before the end of the next Business Day after you tell us to cancel it, we may cancel your billing agreement after that payment has been made. If you cancel a billing agreement, you may still owe the recipient money for goods or services that you have received but have not paid for. If we determine currency conversion is necessary for a billing agreement payment, and we perform the conversion, we will use the transaction exchange rate in effect at the time the payment is processed. The transaction exchange rate for each payment transaction may vary. We may allow the recipient of your payment to: • Refuse to accept it. • Decide to accept it and then use our service to send you a refund of all or any part of the amount of the payment later. We will return the amount of any refused payment or refunded payment to your Balance. We will return the amount of an unclaimed payment to your balance within 30 days after the date you initiated the payment. If any amount of any payment is returned to you in any of the ways outlined above, we may convert the returned amount for you into either: • The currency of the balance you used for the original payment (before any conversion into the currency received by the recipient happened). • The opening currency of your account. • US dollars (opening a balance in that currency for you, if you don’t have one already). If the original payment you sent involved a currency conversion we will convert the returned amount from the currency received by the recipient as follows: • If the amount is returned within one day of the date of the original payment we will use our transaction exchange rate applicable on the date of the original payment, so that you receive the original amount in the original currency you converted for the original payment. • If the amount is returned after one day of the date of the original payment we will use and you agree to accept our transaction exchange rate applicable at the time of the conversion of the returned amount. The transaction exchange rate may be applied immediately and without notice to you. We may also automatically withdraw the returned amount from your Balance and transfer the funds back to the funding source you used for the original payment. Withdrawals can also involve a currency conversion – see the section on Withdrawing money above. The returned amount could be lower in value than your original payment amount. This can happen as a result of: • The recipient sending you a refund lower in value than your original payment amount. As we are only a payment service provider, we cannot know what you are entitled to from the original payment recipient as a refund or why the recipient sent the refund in a particular amount. • Transaction exchange rate fluctuations. PayPal is not responsible for any loss resulting from the recipient's decision to refuse or refund your payment, except to the extent that a refund sent by the recipient is a payment executed incorrectly by PayPal We are not liable to you for the difference between the value of your original payment and the value of the resulting refund, except to the extent that the refund is an incorrect payment (see the section on Resolving Problems).

  • Debit Payment means a particular transaction where a debit is made.

  • Share Premium Account means the share premium account established in accordance with these Articles and the Companies Act;

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.

  • Annuity Payments The series of payments made to the Owner or any named payee after the Annuity Date under the Annuity Option selected. ANNUITY PERIOD: The period of time beginning with the Annuity Date during which Annuity Payments are made.

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • Agent Payment Account means account no. 5000000030266 of Agent at Wachovia Bank, National Association, or such other account of Agent as Agent may from time to time designate to Administrative Borrower as the Agent Payment Account for purposes of this Agreement and the other Financing Agreements.

  • Crediting Rate means the notional gains and losses credited on the Participant’s Account balance which are based on the Participant’s choice among the investment alternatives made available by the Committee pursuant to Section 3.3 of the Plan.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Deferred Sales Charge Payment Date means October 10, 2013 and the tenth day of each month thereafter through February 10, 2014.

  • Contribution Amounts the aggregate amount of capital contributions applied by the Borrower to permit the Incurrence of Contribution Indebtedness pursuant to Subsection 8.1(b)(xi).

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.