Disbursement Cycle definition

Disbursement Cycle means the cycle whereby funds successfully debited by NuPay from the Customer’s nominated bank account are paid over by NuPay to the Merchant;
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Disbursement Cycle means the cycle whereby funds successfully debited by NuPay from the customer’s nominated bank account are paid over by NuPay to the Merchant.
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Disbursement Cycle. Means the process and time involved in the execution of an organization's normal payment system. For example, if it takes five working days to process a payment, the entity has a five day disbursing cycle. If personnel (salary) payments are weekly and nonpersonnel payments are on a monthly payment cycle, the organization would have two disbursement cycles for consideration.
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Examples of Disbursement Cycle in a sentence

  • Vanguard Wellesley Income Adm Fund was out ofcompliance, but Hyas recommended no action due to strong recent performance and being in compliance quarter-to-date.

  • The Attorney General’s Office intends to select and notify disbursement recipients no later than October 15, 2013.Disbursements for the 2013 Disbursement Cycle will be made after October 31, 2013.

  • Recipients of grants from the Fund shall maintain accounting records and other documents pertaining to costs incurred during the Disbursement Cycle for three years from the date of the final disbursement from the Fund.

  • Any amount up to the current balance of the Foreclosure Crisis Recovery Fund may be awarded in a Disbursement Cycle, at the discretion of the Office of the Attorney General as provided for in paragraph 5(e) of the Judgment.

  • CTF is very porous and thus has a large surface area, giving the meth- ane ample room to react.

  • Applicants are limited to one application per Disbursement Cycle (e.g., Disbursement Cycle 2013-2014).

  • Disbursement recipients shall maintain accounting records and other evidence pertaining to costs incurred during the Disbursement Cycle and thereafter for three years from the date of the final payment of disbursement funds.

Related to Disbursement Cycle

  • Disbursement Date is defined in Section 2.6.2.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Final Disbursement Date means the last date on which Lender may make a Disbursement set forth in Section 10 of the Loan Authorization Agreement (including as amended by an Extension) or, if such date is not a Business Day, the next succeeding Business Day; provided, however, to the extent that Lender has not received cash collateral in the amount of the Letter of Credit Obligations or an equivalent full indemnity from Borrower or Guarantor, as applicable, with respect to Letter of Credit Obligations outstanding on the Final Disbursement Date, the Final Disbursement Date with respect to an advance to fund a drawing under such Letter of Credit shall be no later than thirty (30) days after any such drawing which may be no later than the expiry date of the Letter of Credit related thereto.

  • Designated Disbursement Account means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may otherwise agree).

  • Disbursement Request means a disbursement request from the Borrower to the Administrative Agent and the Collateral Agent in the form attached hereto as Exhibit C in connection with a disbursement request from the Unfunded Exposure Account in accordance with Section 2.04(d) or a disbursement request from the Principal Collection Subaccount in accordance with Section 2.18, as applicable.

  • Controlled Disbursement Account means any accounts of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Disbursement Agent means Deutsche Bank National Trust Company, a national banking association, and its successors in interest, as disbursement agent under the Custodial and Disbursement Agreement, and any successor Disbursement Agent under the Custodial and Disbursement Agreement.

  • Disbursement Schedule means the disbursement schedule as set out in an FAA;

  • Disbursement Agreement that certain Master Disbursement Agreement, dated as of , 2002, among the Borrower, the Administrative Agent and the other parties signatory thereto, as the same may hereafter be amended or modified in accordance with its terms and the terms of the Credit Agreement.

  • Disbursement is defined in Section 2.6.2.

  • Reimbursement Date shall have the meaning provided in Section 3.4(a).

  • Disbursement Rate means an annual rate of interest, as of the date of determination, equal to the greater of (a) eight percent (8%) and (b) the per annum rate for ten (10) year U.S. Treasury Obligations as published in The Wall Street Journal plus three hundred (300) basis points; provided, however, that in no event shall the Disbursement Rate exceed eleven and one-half percent (11.5%).

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Disbursement Letter means an instructional letter executed and delivered by Borrower to Agent regarding the extensions of credit to be made on the Closing Date, the form and substance of which is satisfactory to Agent.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Reimbursement Amount As defined in Section 2.04.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Loan Disbursement Handbook means ADB’s Loan Disbursement Handbook (2012, as amended from time to time);

  • Reimbursement Amounts As defined in Section 3.22.

  • Termination Date Disbursement means an amount drawn under a Multi-Series Letter of Credit pursuant to a Certificate of Termination Date Demand.

  • Special Reimbursement Date means, the special payment date established in connection with a Reimbursement under Special Circumstances as described hereunder “Extraordinary Events and Special Circumstances – Reimbursement Under Special Circumstances and Payment”.