Payment Cutoff Time definition

Payment Cutoff Time shall have the meaning as ascribed thereto in Clause 5.1(a); “RTGS” means real-time gross settlement;
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Payment Cutoff Time means the deadline established by the Credit Union from time to time by which a new payment can be scheduled or changes (including cancellation) can be made to a scheduled Payment on the date the payment is to be initiated.
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Payment Cutoff Time shall have the meaning as ascribed thereto in Clause 5.1(a);
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Examples of Payment Cutoff Time in a sentence

  • The BPAY® Payment may take longer to be credited to a Biller if you tell us to make the BPAY® Payment after the Payment Cut-off Time on a Banking Business Day or on a day that is not a Banking Business Day or if another participant in the BPAY® Scheme does not process a BPAY® Payment as soon as they receive its details.

  • Where a foreign currency transfer Instruction is provided after the relevant Payment Cut-off Time, HSBC will apply the currency exchange rate that applies at the time of the Instruction in order to calculate the Australian dollar value for the purposes of daily transaction limits.

  • We will process payment to Biller in accordance with your Payment Instructions based on the following timelines : Payment Cut-off Time Win 15.00 am Win 28.00 amWin 311.00 amWin 41.00 pmWin 55.00 pmImportant NotesFor payments initiated between Win 1 to Win 5, Biller will receive the fundson the same Business Day.

  • If you tell us to make a BPAY® Payment before the Payment Cut-off Time on a Banking Business Day your payment will generally be treated by the Biller to whom it is directed as having been made on that day.

  • Moneytech Payments BPAY Payment Cut-off Time is 4:00pm EST on any business day.

  • Where the Specified Institution is not a participant in MEPS+, MAS may process payment instructions from the Specified Institution after the Payment Cutoff Time on a “reasonable-efforts” basis and MAS shall not be liable if MAS is unable to process the payment instructions on time.

  • If a User gives an Instruction to transfer a currency (other than Australian Dollars) after the Payment Cut-off Time, it will be made on the next day which is both a Banking Day and a day upon which banks in the country of the relevant business are open for business other than a day which is Saturday or Sunday in Australia.

  • If a User gives an Instruction on a Banking Day to make an Australian Dollar transfer from an EFT Account after the Payment Cut-off Time it may be processed on the next Banking Day.

  • Instructions received after a Payment Cut-off Time may not be processed until the next Business Day.

  • Payment made on a public holiday or on a non-Business Day or after the Payment Cut-off Time on a Business Day will be processed the next Business Day.

Related to Payment Cutoff Time

  • Cutoff Time means a time on a Business Day by which a transfer of cash, securities or other property must be made by Borrower or Lender to the other, as shall be agreed by Borrower and Lender in Schedule B or otherwise orally or in writing or, in the absence of any such agreement, as shall be determined in accordance with market practice.

  • Order Cutoff Time means, with respect to any Business Day, (i) 4:00 p.m. (New York time) on such Business Day or (ii) another time agreed to by the Sponsor and the Trustee and of which Registered Owners and all existing Authorized Participants have been notified by the Trustee.

  • Subsequent Cutoff Date means the date specified in the related Additional Sale Agreement agreed to by the Seller and the Purchaser for the purposes of determining the Principal Balance and accrued interest to be capitalized, as applicable, for purposes of completing each related Loan Transmittal Summary Form.

  • MONTHLY KILOMETREAGE STATEMENT CUM BILL means the format specified by the Company.

  • Order Cut-Off Time means 10:00 a.m., New York time, on a Business Day.

  • Redemption Cut-Off Time means 5.00 p.m. Dublin time on the Business Day immediately preceding the relevant Dealing Day or such point as the Directors may determine in exceptional circumstances;

  • Remittance Date With respect to each Distribution Date, the 18th day (or if such 18th day is not a Business Day, the first Business Day immediately following) of the month in which such Distribution Date occurs.

  • Invoice Due Date means, with respect to a Quarterly Payment Cycle, the tenth (10th) day of the month immediately succeeding Energization or the month immediately succeeding the conclusion of a Quarterly Period contained within such Quarterly Payment Cycle, consistent with Section 3.4.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).

  • Deposit Date means, with respect to any Collection Period and Payment Date, the Business Day immediately preceding such Payment Date.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Collection Day means any day which is scheduled by the Municipality for municipal collection of collectible waste.

  • Final Collection Date means the Business Day following the termination of purchases under this Agreement on which all amounts to which the Purchasers shall be entitled in respect of Purchased Receivables and all other amounts owing to the Administrative Agent and the Purchasers hereunder and under the other Purchase Documents are paid in full.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Replacement Cut-Off Date With respect to any Qualified Replacement Mortgage, the first day of the calendar month in which such Qualified Replacement Mortgage is conveyed to the Trust.

  • Subscription Cut-Off Time means 5.00 p.m. Dublin time on the Business Day immediately preceding the relevant Dealing Day or such point as the Directors may determine in exceptional circumstances;

  • Payment Business Day means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in Stockholm and Frankfurt am Main and on which the Clearing System settles payments in the Issue Currency.

  • Prepaid Monthly Payment Any Monthly Payment received prior to its scheduled Due Date, which is intended to be applied to a Mortgage Loan on its scheduled Due Date and held in the related Custodial Account for P&I until the Withdrawal Date following its scheduled Due Date.

  • Monthly Settlement Date means the 25th day of each calendar month (or if such day is not a Business Day, the next occurring Business Day).

  • Bill Due Date means thirty (30) calendar days from the bill date.

  • Payment Currency has the meaning given in Clause 21.4;

  • Final Shared-Loss Recovery Month means the calendar month in which the tenth anniversary of the Commencement Date occurs.