Failed Payment definition

Failed Payment means an outstanding Lesson Fee for a Booking, for which Stripe, as instructed by Maths Concierge, has been unable to make a successful charge against the payment details provided by the Student.
View Source
Failed Payment means an outstanding Lesson Fee, for which Kouncil has been unable to make a successful charge against using the payment details provided by the Tutee.
View Source
Failed Payment means that the Company has not received full payment of the amount(s) owed by Customer by the Due Date or The Customers payment is rejected by the Customer’s bank (e.g. Cheque bounced).
View Source

Examples of Failed Payment in a sentence

  • Other than the Establishment Fee, Failed Payment Fee and amounts owing to us under clause 10(c), funds collected by us under this Agreement will be remitted to the Business in satisfaction of amounts owing by you to the Business.

  • You will be liable to pay us the Failed Payment Fee for each dishonoured direct debit.

  • We will not be entitled to charge a Failed Payment Fee where a failure is due to Our fault.

  • We can also apply a second Failed Payment Fee where We make a second attempt to collect any outstanding balance on Your Account, as described in section 10.6, and that attempt fails for any reason.

  • Two (2) days prior to the start of school shall be used for professional and staff development activities, as determined by the Superintendent or his/her designee.

  • In the event of repetitive Failed Payment and/or Electronic Transfer, we reserve the right to suspend the Services.

  • With respect to any Failed Payment and/or Transfer, you agree to reimburse us within fourteen (14) days after notice is sent to you, for any funds we have already paid to one or more of your designated Merchants which we were unable to recover by debit to the Merchant or charge to you.

  • In the event we are unable to process an Online Banking or Bill Pay transaction, (if, for example, there are insufficient funds in your designated Accounts) the transaction will result in a "Failed Payment and/or Transfer." In such event, we will charge the total cost of the transaction, including any service charges, to you.

  • Cancellation (Before 14 Days) Failed Payment Fee £ Nil £ 15.00 This Broker Contract can be cancelled at any time by You by giving prior notice in writing.

  • If, in attempting to collect payment of an invoiced amount as permitted hereunder, the credit card charge or ACH debit (as applicable) is declined, denied or returned unpaid by Organization’s financial institution (any such declination, denial or return, a “Failed Payment”), then Organization shall pay Curb, within ten (10) days of Curb’s written request therefor, the amount of the Failed Payment plus a Failed Payment fee of twenty-five dollars ($25.00).


More Definitions of Failed Payment

Failed Payment means an outstanding Lesson Fee for a Booking, for which processing bank, as instructed by TRG, has been unable to make a successful charge against the payment details provided by the Student.
View Source

Related to Failed Payment

  • Reduced payment means a payment that is for less than the amount agreed upon in a subcontract in accordance with its terms and conditions, for supplies and services for which the Government has paid the prime contractor.

  • Scheduled Payment The scheduled monthly payment on a Mortgage Loan due on any Due Date allocable to principal and/or interest on such Mortgage Loan which, unless otherwise specified herein, shall give effect to any related Debt Service Reduction and any Deficient Valuation that affects the amount of the monthly payment due on such Mortgage Loan.

  • Specified Payment means any Permitted Acquisition, Investment, loan, advance, incurrence of or payment with respect to Indebtedness or other transaction made subject to satisfaction of the Payment Conditions or any component thereof.

  • Deferred Payment means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Assumed Scheduled Payment means: (i) with respect to any Balloon Mortgage Loan as to which advancing is required hereunder for its Maturity Date (provided that such Balloon Mortgage Loan has not been paid in full, and no Final Recovery Determination or other sale or liquidation has occurred in respect thereof, on or before the end of the Collection Period in which such Maturity Date occurs) and for any subsequent Due Date therefor as of which such Balloon Mortgage Loan remains outstanding and part of the Trust, if no Scheduled Payment (other than the related delinquent Balloon Payment) is due for such Due Date, the scheduled monthly payment of principal and/or interest deemed to be due in respect thereof on such Due Date equal to the Scheduled Payment that would have been due in respect of such Balloon Mortgage Loan on such Due Date, if it had been required to continue to accrue interest in accordance with its terms, and to pay principal in accordance with the amortization schedule in effect immediately prior to, and without regard to the occurrence of, its most recent Maturity Date (as such may have been extended in connection with a bankruptcy or similar proceeding involving the related Mortgagor or a modification, waiver or amendment of such Balloon Mortgage Loan granted or agreed to by the Master Servicer or the Special Servicer pursuant to the terms hereof), and (ii) with respect to any REO Mortgage Loan for any Due Date therefor as of which the related REO Property or an interest therein remains part of the Trust, the scheduled monthly payment of principal and interest deemed to be due in respect thereof on such Due Date equal to the Scheduled Payment (or, in the case of a Balloon Mortgage Loan described in clause (i) of this definition, the Assumed Scheduled Payment) that was due in respect of the related Mortgage Loan on the last Due Date prior to its becoming an REO Mortgage Loan. The amount of the Assumed Scheduled Payment for any A Note shall be calculated solely by reference to the terms of such A Note (as modified in connection with any bankruptcy or similar proceeding involving the related Mortgagor or pursuant to a modification, waiver or amendment of such Mortgage Loan granted or agreed to by the Master Servicer or the Special Servicer pursuant to the terms hereof) and without regard to the remittance provisions of the related Intercreditor Agreement.