Outward Payment definition

Outward Payment means a payment transaction whereby we transfer funds (which may be net of any applicable third party bank charges) from the Worldpay Customer Alternative Payments Account to your designated bank account in accordance with your Authorised Instruction.

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Outward Payment means a single or periodic payment transaction whereby Xplor transfers funds (which may be net of any tax deduction required by Applicable Law, Fees, any applicable third party bank charges and/or Reversed Payment) received into a Client Payments Account as the result of an Inward Payment to the Client Bank Account.

Outward Payment means a payment transaction whereby Vitesse transfers funds for a Client from the Client’s Payment Account to a Client Customer, further to an Authorised Instruction;

Examples of Outward Payment in a sentence

• Notwithstanding paragraph 3.3 above, in some cases we will make an Outward Payment on the receipt of confirmation from an Alternative Payment Provider that the Inward Payment is Authorised or in progress, but before the Inward Payment is actually received by us.

• If any such Inward Payment is not actually received by us in full (whether because it is reversed or otherwise) but we have already made an Outward Payment against it then you will reimburse Worldpay by returning an amount equalling the Outward Payment without delay to us, indemnifying us for the amount of the Outward Payment in full.

• Following receipt of an Authorised Instruction, Worldpay shall promptly execute the relevant Outward Payment subject to the provisions of this paragraph 3.

• Following receipt of an Authorised Instruction, we will only execute the relevant Outward Payment PROVIDED THAT sufficient funds are available in the relevant Worldpay Customer Alternative Payment Account for the completion of the relevant transaction and the payment of the applicable Fees.

• Hawaiian Telcom shall pay undisputed Supplier invoices within 30 days after Hawaiian Telcom’s receipt thereof.

• If any such Inward Payment is not actually made to us (whether because it is reversed or otherwise) but we have already made an Outward Payment against it then you will return an amount equalling the Outward Payment without delay to us, indemnifying us for the amount of the Outward Payment in full.

• Notwithstanding paragraph 4 above, in some cases we will make an Outward Payment on the receipt of confirmation from an Alternative Payment Provider that the Inward Payment is Authorised or in progress, but before the Inward Payment is actually received by us.

• If a deduction or withholding on account of Tax (a “Tax Deduction”) is required by Applicable Law, we may make such Tax Deduction from any Remittance or Outward Payment and will pay such amounts as are due to the relevant Tax Authority.

• We may, at our sole discretion, deduct such sums from any Remittance, Outward Payment or sums held by us and owed to you.

• The submission of an Authorized Instruction constitutes Merchant’s irrevocable consent and authorization to execute the relevant Outward Payment.

More Definitions of Outward Payment

Outward Payment means a payment transaction whereby Citcon transfers funds (which may be net of any applicable third-party bank charges) from a Citcon bank account to the designated bank account of Merchant or a third-party, in accordance with ▇▇▇▇▇▇▇▇’s Authorized Instruction.