Processing Day definition

Processing Day means the day on which transactions and/or files are processed; excludes holidays and weekend days.
Processing Day means a day when our branches are open for business.
Processing Day means every calendar day on which Bank’s third party payment processor processes payments, excluding any holidays on which Bank’s third party payment processor does not process payments.

Examples of Processing Day in a sentence

  • If the misstatement is discovered prior to death, the cost of insurance rate will be adjusted based on the Insured's correct age beginning on the next Monthly Processing Day.

  • If the misstatement is discovered at death, the Death Benefit Proceeds will be adjusted based on what the cost of insurance rate as of the most recent Monthly Processing Day would have purchased at the Insured's correct age.

  • If the misstatement is discovered prior to death, the cost of insurance rate will be adjusted based on the Insured's correct age and gender beginning on the next Monthly Processing Day.

  • If the misstatement is discovered at death, the Death Benefit Proceeds will be adjusted based on what the cost of insurance rate as of the most recent Monthly Processing Day would have purchased at the Insured's correct age and gender.

  • We make a deduction from the Policy Account Value as of each monthly Policy Processing Day to compensate us for administrative expenses and for the Policy's insurance coverage.


More Definitions of Processing Day

Processing Day means any Monday through Saturday, excluding any holiday recognized by the U.S. Federal Reserve Bank (“Holiday”). Data processed in batch mode must be transmitted to FIS electronically no later than the cut-off time established by FIS for the applicable processing System. If Data is received prior to these times, FIS may process it immediately. If Data is received after the time limits, or it is delivered in an unapproved form, format or using an unapproved delivery method, FIS may, at its discretion: (i) delay processing; (ii) require Client to resubmit it; or (iii) correct the Data, process it and charge Client any associated fees. Any reprocessing required due to Client error shall be performed at Client’s expense. Client shall pay FIS’s then current fees for any processing performed on a Sunday or Holiday and may be charged for processing on a Saturday. FIS will use commercially reasonable efforts to achieve the service level standards set forth in the Service Level Schedule attached to the Agreement.
Processing Day. [in relation to BACS] means, with respect to a BACS Cycle, the second day of that BACS Cycle.
Processing Day means Monday through Friday, excluding holidays and is the point at which the payment process is initiated; We have contracted with one or more third-party service providers to provide the Online Banking Service to our members. If you should use any of such services, including, without limitation, TurboTax and/or Finance Works, the following provisions shall apply: (a) IN ADDITION TO, BUT NOT IN LIEU OF, THE OTHER LIMITATIONS OF LIABILITY SET FORTH IN THIS AGREEMENT, WE SHALL HAVE NO LIABILITY RESULTING FROM YOUR USE OF ANY ONLINE BANKING SERVICE THAT IS PROVIDED BY SUCH THIRD-PARTY SERVICE PROVIDERS; and (b) we, in our sole discretion, reserve the right to change Online Banking service providers. Although the Online Banking Service is provided using third- party providers, please direct all questions and inquiries on matters related to member-initiated Online Banking transactions to McKesson Federal Credit Union at 000-000-0000 or 000-000-0000.
Processing Day means Monday through Saturday, excluding holidays, and is the point at which the payment process is initiated;
Processing Day means any Monday through Saturday except holidays recognized by the Federal Reserve Bank of Chicago.
Processing Day means any day that is not (a) a Saturday or a Sunday, (b) a bank holiday specified in the banking holiday calendar published by the Federal Reserve Bank of New York, (c) a day on which the Fedwire Funds Service is not substantially operational or (d) a day on which the Board of Governors of the Federal Reserve System or the Federal Reserve Banks are not substantially operational.
Processing Day means each day where any cash processing activity occurs on an Authorised Device. “Provisional Credit / Same Day Value Amount” means, in respect of each Processing Day, the amount recorded by an Authorised Device as being processed by that Authorised Device and stored in that Authorised Device’s cash collection cassette(s) / pouch(es) on such Processing Day. “Provisional Credit / Same Day Value Period” means the period commencing immediately following the collection of the cash collection cassettes / pouches by the CIT Provider to the next collection of the cash collection cassettes / pouches by the CIT Provider. “Provisional Credit / Same Day Value Report” means, with respect to an Authorised Device, a report produced by the Supplier on each Processing Day which details, amongst other things, the Provisional Credit / Same Day Value Amount for such Authorised Device. The Provisional Credit / Same Day Value Managed Services are available in selected countries only and are subject to the services meeting local legal and regulatory requirements. Customer Obligations For the duration of the Services Term, the Customer shall be required to: (a) obtain a subscription to UBIQULARTM Bridge for all applicable Authorised Devices; and (b) keep all applicable Authorised Devices maintained under a contract for maintenance with the Supplier or a Supplier authorised service partner; (c) allow the Supplier or its sub-contractor to access the Customer Locations to retrieve the cash collection cassettes / pouches; (d) comply with all reasonable instructions from the Supplier or its sub-contractor with respect to the Managed Services including, without limitation, any instructions from the Supplier with respect to the collection of the cash collection cassettes / pouches; (e) ensure that the cash collection cassettes / pouches are not opened, tampered with, broken or the cash inside accessed in any other way;