Bacs System definition

Bacs System means the system relating to the automated clearing and settlement of payments between Members or, as the context may require, the processes and all that is comprised in them for the clearing of payments between Members in relation to that system, as administered and operated by Bacs;
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Examples of Bacs System in a sentence

  • You may use the Bacstel-IP Services to access via Bacstel-IP and use the Bacs System.

  • You shall not do (or permit to be done by or on Your behalf) anything in connection with the Bacs System via Bacstel-IP outside the United Kingdom, the Channel Islands or the Isle of Man which You are or ought reasonably to be aware would result in Bacs or the Bank being in breach of any applicable laws or regulations outside the United Kingdom, the Channel Islands or the Isle of Man.

  • You ceasing to be permitted by the Bank to use PKI Service and/or ASM and/or the Bacs System.

  • You may request that the permission which we have given you to use the Bacs System be suspended or revoked on 30 days’ written notice.

  • You hereby irrevocably and unconditionally authorise and request us to do all such acts and things and execute all such documents as may be required to enable us to fully observe and perform our obligations under this Agreement and our obligations under the Bacs System Rules (including but not limited to our obligations as both a Member and as your Sponsor).

  • Bacs System: means the system relating to the automated clearing and settlement of payments operated by Bacs.

  • Furthermore, you hereby represent and warrant to us that all acts and things done by a Bureau on your behalf (even where such acts were not authorised by you) in connection with the Bacs System are within the scope of its authority from you.

  • You shall not be permitted to use ASM to access and collect reports from the Bacs System in Your capacity as Service User pursuant to Section 3.6 except via a Contact who is authorised to use ASM.

  • The Bank hereby grants You a licence to use and copy (but not to sub-licence) the Bacstel-IP Materials (other than any documents, information and other materials relating to the Bacs Approved Software Service), but only to the extent necessary to enable You to participate in Bacstel-IP and for use only in connection with the Bacs System.

  • Subject to and in accordance with these Bacstel-IP Services Customer Terms and Conditions, You shall be entitled to use ASM for accessing via Bacstel-IP and using the Bacs System if You have been sponsored by the Bank as a Service User and have been authorised by the Bank to use ASM (pursuant to the relevant provisions of the Service User Guide – Bacstel-IP) for accessing the Bacs System via Bacstel- IP.

Related to Bacs System

  • SDX System means the system used by NERC to exchange system data.

  • MERS(R) System The system of recording transfers of Mortgages electronically maintained by MERS.

  • Waterworks System or “system” means a system of pipes and structures through which water is obtained and distributed, including but not limited to wells and well structures, intakes and cribs, pumping stations, treatment plants, storage tanks, pipelines and appurtenances, or a combination thereof, actually used or intended for use for the purpose of furnishing water for drinking or household purposes.

  • Fuel system means the components which store or transport fuel on board the vehicle and comprise the fuel tank system, all fuel and vapour lines, any non-tank mounted fuel pumps and the activated carbon canister.

  • XXXXX System means the XXXXX filing system of the Commission and the rules and regulations pertaining thereto promulgated by the Commission in Regulation S-T under the Securities Act and the Exchange Act, in each case as the same may be amended or succeeded from time to time (and without regard to format).

  • Supplier System means the information and communications technology system used by the Supplier in performing the Services including the Software, the Equipment and related cabling (but excluding the Customer System);

  • Customer System means the Customer's computing environment (consisting of hardware, software and/or telecommunications networks or equipment) used by the Customer or the Supplier in connection with this Contract which is owned by or licensed to the Customer by a third party and which interfaces with the Supplier System or which is necessary for the Customer to receive the Services;

  • PV System means a residentially hosted roof-top solar electric generating system, including photovoltaic panels, racks, wiring and other electrical devices, conduits, weatherproof housings, hardware, one or more inverters, remote monitoring systems, connectors, meters, disconnects and over current devices.

  • 911 system means the set of network, database and customer premise equipment (CPE) components required to provide 911 service.

  • Open video system means an open video system authorized pursuant to 47 U.S.C. § 573 and, for

  • Alarm system means equipment and devices assembled for the purpose of:

  • System Software means Software that provides the operating and management instructions for the underlying hardware and other components, and is identified as such in Appendix 4 of the Contract Agreement and such other Software as the parties may agree in writing to be Systems Software. Such System Software includes, but is not restricted to, micro-code embedded in hardware (i.e., “firmware”), operating systems, communications, system and network management, and utility software.

  • Grid System means STU / MSEDCL power transmission system / distribution system through which Delivered Energy is evacuated and distributed.

  • Operating System refers to the software that manages Hardware for Programs and other software.

  • Production System means a live SAP system used for running Licensee’s internal business operations and where Licensee’s data is recorded.

  • Beam monitoring system means a system designed and installed in the radiation head to detect and measure the radiation present in the useful beam.

  • Customer Equipment means hardware, software, systems, cabling and facilities provided by you and used in conjunction with the Equipment that we supply to you in order to receive the Services;

  • New tank system means a tank system that will be used to contain an accumulation of regulated substances and for which installation has commenced after December 22, 1988.

  • SCADA System means the Supervisory Control and Data Acquisition System which is composed of all telemetering and remote terminal units (“RTU”) at the Facility and associated with the Grid System or BPDB’s Control Center;

  • TARGET2 System means the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) system or any successor thereto.

  • Control system means the combination of capture and control devices used to reduce emissions to the atmosphere.

  • Airport System means two or more airports grouped together and serving the same city or conurbation, as indicated in Annex II to Regulation (EEC) No 2408/92;

  • Customer Interconnection Facilities means all facilities and equipment owned and/or controlled, operated and maintained by Interconnection Customer on Interconnection Customer’s side of the Point of Interconnection identified in the appropriate appendices to the Interconnection Service Agreement and to the Interconnection Construction Service Agreement, including any modifications, additions, or upgrades made to such facilities and equipment, that are necessary to physically and electrically interconnect the Customer Facility with the Transmission System.

  • online interface means any software, including a website, part of a website or an application, that is operated by or on behalf of an economic operator, and which serves to give end users access to the economic operator's products;

  • Customized Software or “Customization” means any Application Software code modified or amended on behalf of the Customer. Setting of parameters, parameterization or configuration is not a Customization.

  • Tank system means a hazardous waste storage or treatment tank and its associated ancillary equipment and containment system.