Cutoff Time definition

Cutoff Time means a time on a Business Day by which a transfer of cash, securities or other property must be made by Borrower or Lender to the other, as shall be agreed by Borrower and Lender in Schedule B or otherwise orally or in writing or, in the absence of any such agreement, as shall be determined in accordance with market practice.
Cutoff Time means 10:00 a.m. in the jurisdiction of the Clearing Organization, or such other time on a Business Day by which a transfer of Loaned Shares must be made by Borrower or Lender to the other, as shall be determined in accordance with market practice.
Cutoff Time means the time by which we must receive Instructions to have them considered entered on that particular Business Day. See the paragraph entitled "Cutoff Times" for additional details;

Examples of Cutoff Time in a sentence

  • Business Days and Cut-off Time: Bank is open Monday through Friday excluding federal holidays.


More Definitions of Cutoff Time

Cutoff Time means 2:00 PM Eastern Time (“ET”) on any Business Day and is the time by which we must receive Instructions to have them considered entered on that particular Business Day (see Timing of Transfers, above, for additional details);
Cutoff Time means 12:01 a.m. on the Closing Date.
Cutoff Time means 4:30 p.m. (e) Eastern Time on any Business Day and is the time by which you must transmit instructions to have them considered entered on that particular Business Day. By providing the Payment Service with the names and account information of those entities and/or persons to whom you wish to direct payment, you authorize the Service to follow the Payment Instructions that it receives from you and your authorized user through the Online Bill Pay Service. When the Service receives a payment instruction, you authorize it to debit your Payment Account and remit funds on your behalf so that the funds arrive as close to the Business Day designated by you as soon as reasonably possible. For this reason, it is necessary that all Payment Dates selected by you be no less than six (6) Business Days before the actual due date for payments that are being sent by check and 3 days for ACH payments, (not the late date and/or a date in the grace period). It is your responsibility to schedule your bill payments in such a manner that your obligations will be paid on time. Payment instructions entered after the Cutoff Time or on a non-Business Day will be considered entered in the Service on the next Business Day. In any event, including but not limited to choosing a Payment Date which is not six (6) Business Days before the due date or on or past the due date stated on your invoice or bill, the risk of incurring and the responsibility for paying any and all late charges or penalties shall be borne by you. A bill payment is “In Process” starting at the Cutoff Time on the Payment Date. A bill payment is a “Pending Payment”, starting from the time you enter Payment Instructions until the payment is “In Process”. A bill payment is considered “Completed” on the Business Day you selected as the scheduled Payment Date. You may cancel or edit any Pending Payment (including recurring bill payments) by following the directions provided on the Online Bill Payment system Online Help. There is no charge for canceling or editing a Pending Payment. Please note we may not have a reasonable opportunity to act on any stop payment or cancellation order given after a payment is “In Process” and it is not possible to stop or cancel a payment which is “Completed.” If you desire to cancel or stop any payment which is “In Process”, you must call GOLD Credit Union at 000-000-0000 during normal business hours. Although we will make every effort to accommodate your request, we will have no liabi...
Cutoff Time means 11:59 P.M. (central time) on the date immediately prior to the Closing Date.
Cutoff Time means a time on a Business Day by which a transfer of cash, securities or other property must be made by CF or Lender to the other, as shall be agreed by CF and Lender in Schedule B or otherwise orally or in writing or, in the absence of any such agreement, as shall be determined in accordance with market practice.
Cutoff Time means 11:59 P.M. (central time) on the date immediately prior to the Closing Date, except with regards to billing and accounts receivable, for which the “Cutoff Time” shall be 4:00 A.M. (central time) on the Closing Date.
Cutoff Time means 11:00 p.m. Central Time unless otherwise indicated on statements, notices or make a payment for in Online Banking for mortgages.