Outward Payment definition

Outward Payment means a payment transaction whereby Vitesse transfers funds for a Client from the Client’s Payment Account to a Client Customer, further to an Authorised Instruction;
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Outward Payment means a single or periodic payment transaction whereby Xplor transfers funds (which may be net of any tax deduction required by Applicable Law, Fees, any applicable third party bank charges and/or Reversed Payment) received into a Client Payments Account as the result of an Inward Payment to the Client Bank Account.
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Examples of Outward Payment in a sentence

  • Notwithstanding paragraph 3.3 above, in some cases we will make an Outward Payment on the receipt of confirmation from an Alternative Payment Provider that the Inward Payment is Authorised or in progress, but before the Inward Payment is actually received by us.

  • Notwithstanding paragraph 4 above, in some cases we will make an Outward Payment on the receipt of confirmation from an Alternative Payment Provider that the Inward Payment is Authorised or in progress, but before the Inward Payment is actually received by us.

  • If any such Inward Payment is not actually made to us (whether because it is reversed or otherwise) but we have already made an Outward Payment against it then you will return an amount equalling the Outward Payment without delay to us, indemnifying us for the amount of the Outward Payment in full.

  • If any such Inward Payment is not actually received by us in full (whether because it is reversed or otherwise) but we have already made an Outward Payment against it then you will reimburse Worldpay by returning an amount equalling the Outward Payment without delay to us, indemnifying us for the amount of the Outward Payment in full.

  • Following receipt of an Authorised Instruction, Worldpay shall promptly execute the relevant Outward Payment subject to the provisions of this paragraph 3.

  • If a deduction or withholding on account of Tax (a “Tax Deduction”) is required by Applicable Law, we may make such Tax Deduction from any Remittance or Outward Payment and will pay such amounts as are due to the relevant Tax Authority.

  • The Client shall only be entitled to redress under this Clause 9.4 if it notifies Vitesse without undue delay, and in any event within 90 days of the debit date, that it considers Vitesse has made an unauthorised or incorrectly executed Outward Payment.

  • We may, at our sole discretion, deduct such sums from any Remittance, Outward Payment or sums held by us and owed to you.

  • The Client shall notify Vitesse promptly upon it becoming aware of any incorrectly executed or unauthorised Outward Payment.


More Definitions of Outward Payment

Outward Payment means a payment transaction whereby Citcon transfers funds (which may be net of any applicable third-party bank charges) from a Citcon bank account to the designated bank account of Merchant or a third-party, in accordance with Xxxxxxxx’s Authorized Instruction.
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Related to Outward Payment

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

  • AHYDO Catch-Up Payment means any payment with respect to any obligations of the Borrower or any Restricted Subsidiary, in each case to avoid the application of Section 163(e)(5) of the Code thereto.

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • 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.