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 payment transaction whereby Vitesse transfers funds for a Client from the Client’s Payment Account to a Client Customer, further to an 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.
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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.

  • 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 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.

  • 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.

  • 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.

  • The Client shall only be entitled to redress under this Clause 9.4 if it notifies Vitesse without undue delay, and in any event within 90 days of the debit date, that it considers Vitesse has made an unauthorised or incorrectly executed Outward Payment.

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

  • The Client shall notify Vitesse promptly upon it becoming aware of any incorrectly executed or unauthorised Outward Payment.

Related to Outward Payment

  • Specified Payment means any Permitted Acquisition, Permitted Investment, Restricted Payment or prepayment with respect to Indebtedness subject to satisfaction of the Payment Conditions or any component thereof.

  • Interim Payment has the meaning specified in Section 10.1.

  • 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.

  • 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.

  • Contingent Compensation Payment means any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Debit Payment means a particular transaction where a debit is made.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • AHYDO Catch-Up Payment means any payment, including payments made on subordinated debt obligations, in each case to the extent such payment is necessary to avoid the application of Section 163(e)(5) of the Code.

  • AHYDO Payment means any mandatory prepayment or redemption pursuant to the terms of any Indebtedness that is intended or designed to cause such Indebtedness not to be treated as an “applicable high yield discount obligation” within the meaning of Section 163(i) of the Code.

  • Contingent Payment has the meaning set forth in Section 4.2 (Contingent Payments).

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.

  • PRE-PAYMENT The Tenant shall: (check one) ☐ - Pre-Pay Rent in the amount of $ for the term starting on and ending on . The Pre-Payment of Rent shall be due upon the execution of this Agreement. ☐ - Not be required to Pre-Pay Rent.

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.

  • Delta Payment means as it is described in this Agreement.

  • Contingent Payments has the meaning set forth in Section 2.02(a).

  • Deferred Payment Date for a Participant means the date after the Restricted Period in respect of Restricted Share Units which is the earlier of (i) the date which the Participant has elected to defer receipt of the underlying Shares in accordance with Section 4.5 of this Plan; and (ii) the Participant’s Separation Date.

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • Insured Payment means (a) as of any Distribution Date, any Deficiency Amount and (b) any Preference Amount.

  • Next Payment means, in respect of each Next Payment Date, the greater of (i) the amount of any payments due to be made by Party A under Section 2(a) on such Next Payment Date less any payments due to be made by Party B under Section 2(a) on such Next Payment Date (in each case, after giving effect to any applicable netting under Section 2(c)) and (ii) zero.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Net Payment With respect to any Distribution Date on or prior to the Swap Contract Termination Date, an amount equal to the sum of (i) any Current Interest and Interest Carry Forward Amounts in respect of the Benefited Certificates, (ii) any Net Rate Carryover in respect of the Benefited Certificates, (iii) any Unpaid Realized Loss Amounts in respect of the Benefited Certificates and (iv) any Overcollateralization Deficiency Amount, in each case remaining unpaid (or in the case of Overcollateralization Deficiency Amount, remaining) following the distribution to the Benefited Certificates of Excess Cashflow and Credit Comeback Excess Cashflow pursuant to Section 4.04(c) of the Pooling and Servicing Agreement. With respect to any Distribution Date after the Swap Contract Termination Date, zero.

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.