Debit Value Date definition

Debit Value Date means the date on which we debit the funds for a Payment Order from your Account. Fees means any of the fees calculated and charged in accordance with any tariff we have specified. EEA means the European Economic Area. IBAN (International Bank Account Number) means an account number expressed in an international format. Intermediary Bank means a bank or other institution involved in the transfer of funds besides the Payer’s Payment Service Provider and the Payee’s Payment Service Provider on instructions given by the Payer’s Payment Service Provider or the Payee’s Payment Service Provider.
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Examples of Debit Value Date in a sentence

  • When you give us a Payment Order the money will be taken from your Account on the Debit Value Date specified in your Payment Order.

  • After we receive your instruction we will stop the payment, provided that: the payment has not already been made; you give us sufficient details and time to process your request; if it is a direct debit payment you instruct us to cancel the payment no later than the Business Day before the Debit Value Date; and if it is any other type of advance Payment Instruction (such as a standing order) you instruct us to cancel the payment no later than the Business Day before we start to execute the payment.

  • If you do not specify a Debit Value Date, then we will commence the execution of the Payment Transaction on the same day that we receive your Payment Order, provided that if we do not receive the Payment Order on a Business Day or if we receive it after the relevant Cut-off Time, then unless agreed otherwise we are deemed to have received the Payment Order on the following Business Day.

Related to Debit Value Date

  • Value Date means a reference time used by a payment service provider for the calculation of interest on the funds debited from or credited to a payment account;

  • Net Asset Value per Share means the Net Asset Value of a Fund divided by the

  • Worst Value means, in respect of a ST Valuation Date, the RI Value for the Reference Item(s) with the lowest or equal lowest RI Value for any Reference Item in the Basket in respect of such ST Valuation Date.

  • average daily net assets of the Fund shall mean the average of the values placed on the Fund's net assets as of 4:00 p.m. (New York time) on each day on which the net asset value of the Fund is determined consistent with the provisions of Rule 22c-1 under the 1940 Act or, if the Fund lawfully determines the value of its net assets as of some other time on each business day, as of such time. The value of the net assets of the Fund shall always be determined pursuant to the applicable provisions of the Declaration and the Registration Statement. If the determination of net asset value does not take place for any particular day, then for the purposes of this section 6, the value of the net assets of the Fund as last determined shall be deemed to be the value of its net assets as of 4:00 p.m. (New York time), or as of such other time as the value of the net assets of the Fund's portfolio may be lawfully determined on that day. If the Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this section 6. You may waive all or a portion of your fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of your services. You shall be contractually bound hereunder by the terms of any publicly announced waiver of your fee, or any limitation of the Fund's expenses, as if such waiver or limitation were fully set forth herein.

  • Interest Valuation Date means each date set out in the table below in the column entitled “Interest Valuation Dates”.