Time Payments Clause Samples
Time Payments. Except as otherwise set forth below in this paragraph, funds transferred to you through the RTP System at any time 24 hours per day, 7 days per week, including weekends and state and federal holidays, will be credited to your account immediately upon our acceptance and posting of the RTP Payment and will be available for withdrawal immediately thereafter. RTP Payments are typically completed within a few seconds of transmission of the RTP Payment by the sender, unless the RTP Payment fails, is rejected or is delayed due to a review by us or the sending participant (the sender’s depository institution), for suspected fraud, regulatory, or compliance reasons. Transaction limits imposed by the RTP System or sending participant may also prevent RTP Payments from being sent to your account. An RTP Payment also may fail, be rejected or returned for the following reasons, including without limitation: (i) there are insufficient funds available in the sender’s account when the sender submits the payment request; (ii) the sending participant or we suspect or determine that the payment does not comply with the RTP Rules; (iii) you instruct us to return the payment after it was received; (iv) the payment exceeds the sender’s limits, (v) your account is closed, invalid, restricted or ineligible to receive such payments, or is being monitored for suspected fraudulent or other illegal activity; (vi) the sender’s account at the sending participant is being monitored for suspected fraudulent or other illegal activity, or (vii) the RTP System is unavailable. We will not communicate to you that any RTP Payment has failed (if it fails).
Time Payments. Subject to Article 5.2.5, all time payments due from Purchaser shall be paid no later than thirty (30) days after the date specified for invoice therefor as set forth in the applicable Payment Plan in Exhibit F or Exhibit I; provided, however, Payment Nos. 1 and 13 of Exhibit F shall be paid no later than five (5) days after the date specified for invoice therefor as set forth in the applicable Payment Plan in Exhibit F. Contractor shall give to Purchaser an invoice and certification in the form attached hereto as Attachment A with respect to each such time payment. Subject to Article 5.2.5, the failure of Contractor to deliver any invoice required hereunder shall not affect Purchaser’s obligation hereunder to make any time payments to Contractor.
Time Payments. The “Effective Date of Contract” time payment due from Purchaser shall be paid no later than the due date specified in Exhibit E, Payment Plan and Termination Liability Schedule. Contractor shall submit to Purchaser an invoice in accordance with the requirements of this Contract with respect to such payment prior to such payment being due.
Time Payments. Subject to Article 5.2.5, all time payments due from Purchaser shall be paid no later than thirty (30) days after the date specified for invoice therefor as set forth in the applicable Payment Plan in Exhibit E. Contractor shall give to Purchaser an invoice and certification in the form attached hereto as Attachment A with respect to each such time payment. Subject to Article 5.2.5, the failure of Contractor to deliver any invoice required hereunder shall not affect Purchaser’s obligation hereunder to make any time payments to Contractor.