Failed Payments definition

Failed Payments means an uncleared payment from the Client, which is used for the purchase of Assets, which is subsequently not honoured.
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Failed Payments. If any cheque or direct debit is cancelled or not cleared by your bank or building society you may face a failed payment fee. This fee is to cover the cost to us levied by your bank or building society.
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Failed Payments. If a ▇▇▇▇ payment transaction cannot be processed for any reason, your payment w ill not be completed. We are under no obligation to notify you if w e do not complete a payment for any reason. We are not responsible for non-payment, late fees applied by the Payee, or other damages incurred due to failed payments. Failed payments w ill be credited to your Card Account within five (5) business days of the notification by the processor that the payment failed. If a payment fails because of insufficient funds, you should make alternate arrangements to pay the Payee.
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Examples of Failed Payments in a sentence

  • Failed Transaction before or after it is processed by us for reasons outside of our control, and includes without limitation Chargebacks, Reversals, Failed Payments and any other reversal, chargeback or disputed payment.

  • In the event of Failed Payments, we reserve the right to suspend your subscription to the Services.

  • Failed Payments: If a student and/or resident’s payment method fails to process for any reason, they will be responsible for paying a $40.00 fine for the failed payment.

  • In the event of repetitive Failed Payments, we reserve the right to suspend your subscription to Digital Banking, without prior notice.

  • Late Fees & Failed Payments: Amounts not paid by the due date are subject to late fees as follows: 7% for Resident Studio membership plans and a flat fee of $20 for all other charges; plus an additional 1.5% monthly finance charge thereafter.

  • We may cancel your enrollment in recurring Payments at any time for any reason, including excessive Failed Payments.


More Definitions of Failed Payments

Failed Payments. We will notify you if the payment transaction is cancelled because we were not able to successfully debit your Transaction Account. We may however, at our discretion, complete the credit transaction and send funds to the Receiver prior to successfully debiting your Transaction Account. If we complete the credit transaction and are not able to complete the debit transaction for any reason including when there are insufficient funds in your account, you agree that:
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Failed Payments. Parent Initial:
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Related to Failed Payments

  • Scheduled Payments has the meaning specified in the Note Policy.

  • Unscheduled Payments With respect to any Distribution Date, all payments and collections received with respect to the Whole Loan or upon foreclosure or liquidation of the Property (net of related foreclosure expenses and Liquidation Expenses) during the related Collection Period including, but not limited to, prepayments due to acceleration of the Whole Loan, Net Liquidation Proceeds, Net Foreclosure Proceeds, Condemnation Proceeds, Insurance Proceeds, voluntary prepayments and other payments and collections on the Trust Loan or Whole Loan, as applicable, not scheduled to be received, other than Monthly Payments or any Balloon Payment.

  • 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.

  • Deferred Payments 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 to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • 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.