Payment Cutoff Time definition

Payment Cutoff Time shall have the meaning as ascribed thereto in Clause 5.1(a); “RTGS” means real-time gross settlement;
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Payment Cutoff Time shall have the meaning as ascribed thereto in Clause 5.1(a);
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Payment Cutoff Time means the deadline established by the Credit Union from time to time by which a new payment can be scheduled or changes (including cancellation) can be made to a scheduled Payment on the date the payment is to be initiated.
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Examples of Payment Cutoff Time in a sentence

  • Inward Bills under LC (Payment) Cut-off Time for receipt of instructions : By 3 PM on T Day Fulfillment : Documents are ready for collection and payments effected.

  • For purposes of this Agreement, a “reasonable time” means (i) for all stop payment orders entered before the relevant Stop Payment Cut-off Time, not later than 9:00 p.m. on such day, or (ii) for all stop payment orders entered after the relevant Stop Payment Cut-off Time, not later than 9:00 p.m. on the next banking day following entry of the order.

  • If Company selects a Payment Processing Date that is not a Business Day or submits Company’s Bill Payment after the Bill Payment Cutoff Time for that date, then the Payment Processing Date will be the next business day.

  • A one-time Bill Payment will be processed on the Payment Processing Date; provided that, the Payment Processing Date selected by Company is a Business Day and Company submits Company’s one-time Bill Payment prior to the Bill Payment Cutoff Time for that date.

  • For purposes of this Agreement, a "reasonable time" means (i) for all stop payment orders entered before the relevant Stop Payment Cut-off Time, not later than 9:00 p.m. on such day, or (ii) for all stop payment orders entered after the relevant Stop Payment Cut-off Time, not later than 9:00 p.m. on the next banking day following entry of the order.

  • For purposes of this Agreement, "Stop Payment Cut-off Time" means: (i) 7:00 p.m. for individual stop payment orders entered by PC Invision, WEBvision or Wachovia Connection; (ii) 6:00 p.m. for bulk (less than 1,000) stop payment orders; and (iii) 11:OO a.m. for large bulk (1,000 or more) stop payment orders; or such other times as we may establish from time to time; provided we shall notify you of such change in the Stop Payment Cut-off Times as provided in Section 17 hereof below.