Fund Settlement to Bank Account Sample Clauses

Fund Settlement to Bank Account. In order to settle your funds to your bank account, you must log in to your OnPay account and submit an application for fund settlement. Before making a settlement from your OnPay account to your bank account, we need you to provide your bank account details. In order to obtain fund settlement, you must have a bank account pre-approved by OnPay. You may not request settlement to any bank account that has not been pre-approved. This service does not support other transfer functions, you can only receive funds in your bank account. The funds collected on your behalf should be settled to your bank account. According to your instructions, and if you meet the relevant requirements of OnPay, OnPay can allow funds to be settled to the bank account of your authorized import and export agent. For this purpose, any such settlement will be deemed to be a payment to you, and OnPay’s obligation to settle funds to you terminates after payment to your authorized import and export agent. OnPay reserves the right to accept or refuse payment of funds to certain settlement accounts. OnPay reserves the right to deduct the funds you owe OnPay from the funds you settle, including but not limited to all the fees payable under this agreement. Depending on availability, funds can be settled in different currencies. If you wish to settle in a different currency, you can select the available currency before the funds are settled to your user bank account. After settlement, OnPay cannot be used for foreign exchange exchange. If OnPay or one of its service providers believes that settlement will violate applicable laws or put OnPay or our service providers at excessive security, financial or reputation risks, we will temporarily withhold your funds. We also reserve the right to withhold funds if the receiving bank files a recall request due to a dispute. In this case, we will conduct a full investigation, and you agree to cooperate with us until we end the investigation. According to the requirements of applicable laws, related funds may also be confiscated. You must ensure that your bank account information is correct and accurate. If we send funds to the wrong bank account because you have provided the wrong bank account information, we will not be liable for this. If OnPay receives inaccurate payment information and causes the payment to be rejected afterwards, OnPay will charge you related fees, which we can deduct from your funds. If any erroneous or misleading payment is made, w...
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Related to Fund Settlement to Bank Account

  • Settlement Account 4.1 The Scheduling Coordinator shall maintain at all times an account with a bank capable of Fed-Wire transfer to which credits or debits shall be made in accordance with the billing and Settlement provisions of Section 11 of the CAISO Tariff. Such account shall be the account as notified by the Scheduling Coordinator to the CAISO from time to time by giving at least 20 days written notice before the new account becomes operational, together with all information necessary for the CAISO's processing of a change in that account.

  • Settlement of Accounts (a) On or before each Determination Date, the Servicer shall deliver, (i) to the Owner Trustee, the Settlor, the Lender, the Administrative Agent and the Collateral Agent, a monthly report with respect to the Lending Facility Pool (the “Monthly Lending Facility Pool Report”) and (ii) except as otherwise provided in the related Servicing Supplement, to the each related Secured Party, a monthly report with respect to each Designated Pool (each, a “Monthly Exchange Note Report”), in each case, documenting, as applicable, (A) all advances to be made to, and distributions (including Servicer reimbursements) to be made from, the related Collection Account or (B) the manner in which the Servicer will apply all collections on the related Pool received by the Servicer on or prior to the next Payment Date.

  • Agreement Settlement Agreement Settlement will be used to confirm the offer and delivery of A&D 63 Services by County and determine satisfaction of the minimum performance requirements and quality measures, based on data properly reported in accordance with Section 3., “Special Reporting Requirements” above.

  • The Settlement Fund 37. Releasors shall look solely to the Settlement Fund for settlement and satisfaction of all Released Claims against the DENSO Defendants and the Releasees, and shall have no other recovery against the DENSO Defendants or any other Releasee for any Released Claims.

  • Funding of Gross Settlement Amount Defendant shall fully fund the Gross Settlement Amount, and also fund the amounts necessary to fully pay Defendant’s share of payroll taxes by transmitting the funds to the Administrator no later than 14 days after the Effective Date.

  • Payments to Settlement Class Members (a) Defendant shall pay into the Escrow Account the amount of the Settlement Fund ($1,000,000.00), specified in Paragraph 1.33 of this Agreement, within sixty (60) days after Final Approval.

  • When Must Distributions from a Xxxxxxxxx Education Savings Account Begin? Distribution of a Xxxxxxxxx Education Savings Account must be made (or otherwise will be deemed made) no later than 30 days from the earlier of the beneficiary’s death or attainment of age 30. A distribution from a Xxxxxxxxx Education Savings Account may be rolled over to another beneficiary’s Xxxxxxxxx Education Savings Account according to the requirements of Section (4). Note that the Economic Growth and Tax Relief Reconciliation Act of 2001 waives the distribution age limitation if the beneficiary of the Xxxxxxxxx Education Savings Account is a “Special Needs” student.

  • Payment of Settlement Amount (1) Within thirty (30) days of the Date of Execution, the Settling Defendants shall pay the Settlement Amount to Siskinds LLP, for deposit into the Trust Account.

  • Rollovers of Settlement Payments From Bankrupt Airlines If you are a qualified airline employee who has received a qualified airline settlement payment from a commercial airline carrier under the approval of an order of a federal bankruptcy court, you are allowed to roll over up to 90 percent of the proceeds to your Traditional IRA, within 180 days after receipt of such amount, or by a later date if extended by federal law. If you make such a rollover contribution, you may exclude the amount rolled over from your gross income in the taxable year in which the airline settlement payment was paid to you. If you are a qualified airline employee who has received a qualified airline settlement payment from a commercial airline carrier under the approval of an order of a federal bankruptcy court in a case filed after September 11, 2001, and before January 1, 2007, you are allowed to roll over any portion of the proceeds into your Xxxx XXX within 180 days after receipt of such amount, or by a later date if extended by federal law. For further detailed information and effective dates you may obtain IRS Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs), from the IRS or refer to the IRS website at xxx.xxx.xxx.

  • Loss Settlement Covered property losses are settled as follows:

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