Outbound Payment definition

Outbound Payment means a payment from the Payment Account to an Approved Payee upon an Outbound Payment Order.
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Examples of Outbound Payment in a sentence

  • In such case, the funds under the relevant Outbound Payment Order transmitted by the Customer will be deemed to have been transferred to the intended beneficiary.

  • In the case of paying VAT in EEA, Outbound Payment Orders are executed according to the relevant Approved Payee’s international bank account number (IBAN) provided that such bank account is held with a bank in the EEA (the “Unique Identifier”).

  • The debit value date for the Customer acting as payer shall be no earlier than the point in time at which the amount of the Outbound Payment Order is debited from the Payment Account.

  • Once the Outbound Payment Order is received by PingPong, it shall be irrevocable.

  • You authorize us to hold, receive, and disburse funds in accordance with your payment instructions or Outbound Payment Orders.

  • If the Outbound Payment Order is received by PingPong after the cut-off time (set by the PingPong’s contracting entity) on a Business Day or in a day which is not a Business Day, the Outbound Payment Order shall be deemed to have been received on the following Business Day for PingPong’s contracting entity.

  • CARRIER will electronically provide FORD, within two (2) working days of delivery of a Vehicle, with timely and accurate delivery date input for FORD's Centralized Outbound Payment Authorization and Control System ("COPAC").

  • PingPong will not be held liable for any damages which could result from the non-execution or defective execution of an Outbound Payment Order where such non-execution or defective execution is due to the fact that the Customer provided information which was inaccurate, incomplete or incorrect.

  • An information as to this refusal shall in such case be available to the Customer on PingPong website as long as the relevant Outbound Payment Order will be impossible.

  • The time of receipt of an Outbound Payment Order is the time when the Outbound Payment Order is received by PingPong.

Related to Outbound Payment

  • Sinking Fund Payment means, with respect to a particular Group of 2024 Series A Bonds, as of any particular date of calculation, the amount required to be paid at all events by the Corporation on a single future date for the retirement of Outstanding 2024 Series A Bonds of such Group which mature after said future date, but does not include any amount payable by the Corporation by reason of the maturity of a 2024 Series A Bond of such Group or by call for redemption at the election of the Corporation.

  • mandatory sinking fund payment has the meaning specified in Section 12.1.

  • Sinking Fund Provisions [No sinking fund provisions] [The Designated Securities are entitled to the benefit of a sinking fund to retire $ principal amount of Designated Securities on in each of the years through at 100% of their principal amount plus accrued interest] [, together with [cumulative] [non-cumulative] redemptions at the option of the Company to retire an additional $ principal amount of Designated Securities in the years through at 100% of their principal amount plus accrued interest.] [If Designated Securities are Extendable Debt Securities, insert-- Extendable Provisions: The Designated Securities are repayable on , at the option of the holder, at their principal amount with accrued interest. The initial annual interest rate will be %, and thereafter the annual interest rate will be adjusted on , , and to a rate not less than % of the effective annual interest rate on obligations with year maturities as of the [interest date 15 days prior to maturity date] prior to such [insert maturity date].] [If Designated Securities are Floating Rate Debt Securities, insert-- Floating Rate Provisions: The initial annual interest rate will be % through [and thereafter will be adjusted [monthly] [on each , , and ] [to an annual rate of % above the average rate for -year [-month] [securities] [certificates of deposit] by and [insert names of banks].] [and the annual interest rate [thereafter] [from through ] will be the interest yield equivalent of the weekly average per annum market discount rate for -month Treasury bills plus % of the Interest Differential (the excess, if any, of (i) the then-current weekly average per annum secondary market yield for -month certificates of deposit over (ii) the then-current interest yield equivalent of the weekly average per annum market discount rate for -month Treasury bills); [from and thereafter the rate will be the then-current interest yield equivalent plus % of the Interest Differential].] 23

  • Bond Payment Date means any date on which principal of or interest on any Bond is payable.

  • Sinking Fund Installment means, as of any particular date of calculation, the amount required, as of such date of calculation, to be paid by the Authority on a future date for the retirement of Outstanding Bonds which are stated to mature subsequent to such future date, but does not include any amount payable by the Authority by reason only of the maturity of a Bond.