Common use of Future Payment Clause in Contracts

Future Payment. The Service may restrict the number of Future Payments allowed for a particular Payee. Also, a non‐recurring Future Payment may not be scheduled more than one year in advance. If the Transmit Date for a Future Payment falls on a day other than a business day or on a day that does not exist (e.g., February 30), then the Transmit Date for the Future Payment will be rescheduled on the next following business day. For example, if you enter a Future Payment that results in a Transmit Date of August 5th, and August 5th is a Saturday, then the Transmit Date for that Future Payment would be rescheduled on August 7th (provided that August 7th is a business day). Please note that the Payment Guarantee described below does not apply to a Future Payment if there are not at least five (5) business days, or two (2) business days in the case of Payments that may be remitted electronically, between the Transmit Date and the Due Date.

Appears in 1 contract

Samples: www.regions.com

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Future Payment. The Service may restrict the number of Future Payments allowed for a particular Payee. Also, a non‐recurring non-recurring Future Payment may not be scheduled more than one year in advance. If the Transmit Date for a Future Payment falls on a day other than a business day or on a day that does not exist (e.g., February 30), then the Transmit Date for the Future Payment will be rescheduled on the next following business day. For example, if you enter a Future Payment that results in a Transmit Date of August 5th, and August 5th is a Saturday, then the Transmit Date for that Future Payment would be rescheduled on August 7th (provided that August 7th is a business day). Please note that the Payment Guarantee described below does not apply to a Future Payment if there are not at least five (5) business days, or two (2) business days in the case of Payments that may be remitted electronically, between the Transmit Date and the Due Date. Certain Services in Online Banking may not permit you to schedule Future Payments. Please refer to other sections of this Agreement, applicable User’s Guides and/or on-screen help for more information about the capabilities of particular Services.

Appears in 1 contract

Samples: www.regions.com

Future Payment. The Service may restrict the number of Future Payments allowed for a particular Payee. Also, a non‐recurring non-recurring Future Payment may not be scheduled more than one year in advance. If the Transmit Date for a Future Payment falls on a day other than a business day or on a day that does not exist (e.g., February 30), then the Transmit Date for the Future Payment will be rescheduled on the next following business day. For example, if you enter a Future Payment that results in a Transmit Date of August 5th, and August 5th is a Saturday, then the Transmit Date for that Future Payment would be rescheduled on August 7th (provided that August 7th is a business day). Please note that the Payment Guarantee described below does not apply to a Future Payment if there are not at least five (5) business days, or two (2) business days in the case of Payments that may be remitted electronically, between the Transmit Date and the Due Date.

Appears in 1 contract

Samples: Agreement and Disclosure Statement

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Future Payment. The Service may restrict the number of Future Payments allowed for a particular Payee. Also, a non‐recurring non-recurring Future Payment may not be scheduled more than one year in advance. If the Transmit Date for a Future Payment falls on a day other than a business day or on a day that does not exist (e.g., February 30), then the Transmit Date for the Future Payment will be rescheduled on the next following business day. For example, if you enter a Future Payment that results in a Transmit Date of August 5th, and August 5th is a Saturday, then the Transmit Date for that Future Payment would be rescheduled on August 7th (provided that August 7th is a business day). Please note that the Payment Guarantee described below does not apply to a Future Payment if there are the Transmit Date for the Future Payment is not a date that is at least five (5) business days, or two (2) business days in the case of Payments that may be remitted electronically, between the Transmit Date and prior to the Due Date.

Appears in 1 contract

Samples: Agreement and Disclosure Statement

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