Payment Initiation Date definition

Payment Initiation Date means the Business Day of your choice up until 1:00 p.m. Pacific Time upon which your bill payment will begin processing and your Payment Account will be debited.
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Payment Initiation Date means the date on which payment of the Supplemental Retirement Benefits is to commence, as specified by written notice which the Executive or his Designated Beneficiary gives to the Employer. Such notice may be given at any time before or after the Executive's termination of employment, but at least 30 days prior to the Payment Initiation Date specified in the notice. For example, if the Executive were to retire from the Employer at age 52 and he delivers a notice designating a Payment Initiation Date which is at a time when the Executive would be 60 years old, the monthly guaranteed Supplemental Retirement Benefit would be $20,833, multiplied by the Vested Percentage.
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Payment Initiation Date means the [ * ] falling on or after the [ * ].
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Examples of Payment Initiation Date in a sentence

  • Any prompt payment discount will be calculated from the Payment Initiation Date referred to above.

  • You are responsible for any late charge, finance charge, penalty or default or other consequence that may result from your selecting a Payment Initiation Date later than the due date.

  • If the actual due date falls on a non-Business Day, you must select a Payment Initiation Date that is at least one (1) Business Day before the actual due date.

  • Payments will be credited to your Loan on the scheduled Payment Initiation Date after 3:45 pm ET.

  • Scheduling Payments To ensure timely credit to your Loan by the due date, you must select a Payment Initiation Date that is no later than the actual date that your payment is due.

  • To cancel a payment, click the “Cancel” link associated with the individual payment within the External Loan Payment section of the Online Banking prior to 3:45 pm ET on the Payment Initiation Date.

  • Timing of External Loan Payment Transfers and Related Information Scheduled payments will be processed on the Payment Initiation Date after 3:45 pm ET.

  • Future-dated Loan Payment Transfers may be cancelled or changed through the External Loan Payment service at any time prior to 3:45 pm ET on the Payment Initiation Date.

  • Payments will be credited to your loan on the scheduled Payment Initiation Date after 3 pm CT.

  • Payments will be credited to your loan on the scheduled Payment Initiation Date by 5:00 pm EST.


More Definitions of Payment Initiation Date

Payment Initiation Date or “Pay On” date means the Business Day of Your choice (subject to the limitations set forth herein) upon which Your External Loan Payment will be credited to Your Loan and funds will be debited within three business days from the account at Your Other FI.
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