Receives payment definition

Receives payment means, in the case of a restrictive endorsement, a payee has endorsed a check and the check is presented to and paid by the depository institution on which it is drawn.
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Examples of Receives payment in a sentence

  • Receives payment notification, records it, and forwards it to Seller.We will now discuss each of the steps in the transaction dialog individually.4.1 Buyer: Views Seller’s catalog and shipping options and decides to make a purchase.Silver Chilli’s Web page catalog for bracelets will serve to anchor the example.

  • Proceeds to Cashier for payment at the Admin & General Services Division9.1 Receives payment and issues Official ReceiptsP2990.00 (100.00-Notarial Fee and 2,890.00-Cost of Materials)3 MinutesCashier/ Cashiering Assistant Admin & General Services10.

  • Receives payment for the service and issues Official Receipt.PHP 343.00+PHP30.00documentary stamp3 minutesRevenue Collection Clerk II Municipal Treasury OfficePresents Official Receipt3.

  • An office of a financial agency is involved in the payment transaction if it: • Holds an Account that is credited or debited as part of the payment transactions; • Receives payment directly from a person or makes payment directly to a person as part of the payment transaction; or • Serves as an intermediary in the settlement of any part of the payment transaction.

  • Receives payment for others of any account, bill, or other indebtedness.3. Solicits any account, bill, or other indebtedness for collection by the collection agency.Section 93.

  • Receives payment & issues Official ReceiptClearance of Accounts Fee:PHP 50.00 Franchise Verificatio n:PHP 40.001 hourAdministrative Officer III (Cashier II) Administrative Division Administrative Officer I (Cashier I)Administrative Division Administrative Assistant II Administrative Division5.

  • YesReceives notice of denial /certificatesNoApproved?YesForwards applicationInstructs Checks./ Coordinates / verifies documents & prepares “Order of Payment” (OP) Receives payment /deposits & issues Official Receipt / deposit slipsPrepares order of payment / releases certificates Records Sectionreleases Certificate of Registration*Requirements:A.

  • Receives payment Official Receipt 2.1. Prepares the endorsement form and have them signed by the reviewing committee2.2. Submits the Endorsement Form with 1 set of requirements to the SB and ensures a received copy is secured B.

  • Receives payment &Filing Fee:PHP1 hourAdministrative Officer III (Cashier issues Official Receipt120.00 Legal Research Fee:PHP 10.00 Franchise Verificatio n Fee: PHP 40.00 II)Administrative Division Administrative Officer I (Cashier I)Administrative Division Administrative Assistant IIAdministrative Division4.

  • Employee 1:Employee 2:Employee 3:Employee 4:• Receives payment and prepares Daily Collection Report.• Receives cash and the Daily Collection Report, prepares the deposit slip in duplicate, and deposits funds.• Compares deposit slip to the Daily Collection Report and enters the amount in the General Ledger.• Reconciles general ledger to the bank accounts monthly.

Related to Receives payment

  • Damages Payment Date With respect to the Series A Notes, each Interest Payment Date.

  • Securities Payment has the meaning specified in Section 1302.

  • Excess Payment means the amount paid by any Guarantor in excess of its Ratable Share of any Obligations; (b) “Ratable Share” shall mean, for any Guarantor in respect of any payment of Obligations, the ratio (expressed as a percentage) as of the date of such payment of Obligations of (i) the amount by which the aggregate present fair salable value of all of its assets and properties exceeds the amount of all debts and liabilities of such Guarantor (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of such Guarantor hereunder) to (ii) the amount by which the aggregate present fair salable value of all assets and other properties of all of the Loan Parties exceeds the amount of all of the debts and liabilities (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of the Loan Parties hereunder) of the Loan Parties; provided, however, that, for purposes of calculating the Ratable Shares of the Guarantors in respect of any payment of Obligations, any Guarantor that became a Guarantor subsequent to the date of any such payment shall be deemed to have been a Guarantor on the date of such payment and the financial information for such Guarantor as of the date such Guarantor became a Guarantor shall be utilized for such Guarantor in connection with such payment; and (c) “Contribution Share” shall mean, for any Guarantor in respect of any Excess Payment made by any other Guarantor, the ratio (expressed as a percentage) as of the date of such Excess Payment of (i) the amount by which the aggregate present fair salable value of all of its assets and properties exceeds the amount of all debts and liabilities of such Guarantor (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of such Guarantor hereunder) to (ii) the amount by which the aggregate present fair salable value of all assets and other properties of the Loan Parties other than the maker of such Excess Payment exceeds the amount of all of the debts and liabilities (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of the Loan Parties) of the Loan Parties other than the maker of such Excess Payment; provided, however, that, for purposes of calculating the Contribution Shares of the Guarantors in respect of any Excess Payment, any Guarantor that became a Guarantor subsequent to the date of any such Excess Payment shall be deemed to have been a Guarantor on the date of such Excess Payment and the financial information for such Guarantor as of the date such Guarantor became a Guarantor shall be utilized for such Guarantor in connection with such Excess Payment. This Section 10.06 shall not be deemed to affect any right of subrogation, indemnity, reimbursement or contribution that any Guarantor may have under Law against the Borrower in respect of any payment of Obligations.

  • Loss Payment Date has the meaning specified in Section 7.05(a) of the Indenture.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • CVR Payment Amount means with respect to each CVR Payment and each Holder, an amount equal to such CVR Payment divided by the total number of CVRs and then multiplied by the total number of CVRs held by such Holder as reflected on the CVR Register.

  • Transfer Payment Received As defined in Section 4.03.

  • Termination Payment has the meaning set forth in Section 6.03.

  • Cash Payment has the meaning set forth in Section 2.02(a).

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Production Payment means a production payment obligation (whether volumetric or dollar denominated) of the Borrower or any of its Restricted Subsidiaries which are payable from a specified share of proceeds received from production from specified Oil and Gas Properties, together with all undertakings and obligations in connection therewith.

  • Closing Payment Amount has the meaning specified in Section 1.5.

  • 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.

  • Scheduled Receivables Payment means, with respect to any Collection Period for any Receivable, the amount set forth in such Receivable as required to be paid by the Obligor in such Collection Period. If after the Closing Date, the Obligor’s obligation under a Receivable with respect to a Collection Period has been modified so as to differ from the amount specified in such Receivable as a result of (i) the order of a court in an insolvency proceeding involving the Obligor, (ii) pursuant to the Servicemembers Civil Relief Act or (iii) modifications or extensions of the Receivable permitted by Section 4.2(b), the Scheduled Receivables Payment with respect to such Collection Period shall refer to the Obligor’s payment obligation with respect to such Collection Period as so modified.

  • Default Excess means, with respect to any Defaulting Lender, the excess, if any, of such Defaulting Lender’s Pro Rata Share of the aggregate outstanding principal amount of Loans of all Lenders (calculated as if all Defaulting Lenders (other than such Defaulting Lender) had funded all of their respective Defaulted Loans) over the aggregate outstanding principal amount of all Loans of such Defaulting Lender.

  • Delta Payment means as it is described in this Agreement.

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

  • Class Counsel Fees Payment and “Class Counsel Litigation Expenses Payment” mean the amounts allocated to Class Counsel for reimbursement of reasonable attorneys’ fees and expenses, respectively, incurred to prosecute the Action.

  • Change of Control Payment has the meaning set forth in Section 4.01(b).

  • Interim Payment has the meaning specified in Section 10.1.

  • Payment month means, for all programs except EA, the calendar month for which benefits are issued.

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).

  • Net Cash Payments means, with respect to any Disposition, the aggregate amount of all cash payments received by the Company and its Restricted Subsidiaries directly or indirectly in connection with such Disposition, whether at the time of such Disposition or after such Disposition under deferred payment arrangements or Investments entered into or received in connection with such Disposition (including, without limitation, Disposition Investments); provided that:

  • Option Payment shall have the meaning set forth in Section 3.4.

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

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