Payment Run definition

Payment Run means the processes which occur when a number of invoices are grouped together and paid at the same time.
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Examples of Payment Run in a sentence

  • Implementing the PayBlok payment gateway within InstaSupply will not require a great deal of change to the Payment Run product, but we will undertake a significant upgrade of the interface and core functionality to provide instant payment dispersal to suppliers, and to allow partial or full payment of a payment run via PayBlok tokens.‌‌‌‌ 6.3. Payment DispersalThe PayBlok payment gateway will extend the Payment Run feature by allowing direct dispersal of funds to suppliers on completion of a payment run.

  • In simple terms, this will discount the current market value of any PayBlok used from a Payment Run when funds are collected from the buyer’s account.

  • Once a Payment Run is ready for payment, users will be able to specify the amount they wish to pay in PayBlok (based on current PayBlok market value).

  • The Assistant Accountant prepares a Suggested Payment Run report and attaches the relevant invoices, which are reviewed by the Director of Finance who signs and dates the relevant report.

  • This then allows enough time for Finance to process and put it on the Student Payment Run, which happens every Friday.

  • The payment date is within two (2) business days following the Payment Run Date, unless a weekend or statutory holiday falls between.

  • Payment Run Date: .............................................................................

  • Unless otherwise stated in the Order, daa plc shall pay the Price of the Goods and the Services within 30 days of receipt by daa plc of a proper invoice or, if later, on the next Payment Run Date after acceptance of the Goods or Services in question by daa plc.

  • With reference to Permit Section 5.5.4 (on page 52 of the draft Permit) regarding the handling of treatment residues at the TTU, the Permittees request that the Department clarify that the treatment residues are in the burn pan, and that the Permittees do not use other waste containment devices.

  • Allocate the payment to the Payment Run that will transfer the funds by the requested date.• No. Allocate the payment to the Payment Run that will enable payment within one week of the traveller’s departure.

Related to Payment Run

  • Payment Cap For each Mortgage Loan, the percentage limit set forth in the related Mortgage Note concerning the maximum permitted increase in a monthly payment.

  • Payment Amount has the meaning specified in Section 6.1.

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Payment Ahead means, with respect to a Precomputed Receivable and a Collection Period, any Excess Payment (not representing, when added to any Deferred Prepayment with respect to such Precomputed Receivable, a prepayment in full of such Precomputed Receivable) which the Servicer, in accordance with its customary servicing practices, will apply towards the payment of Scheduled Payments due in one or more future Collection Periods.

  • Payment month means, for all programs except EA, the calendar month for which benefits are issued.

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

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

  • Adjustment Payment shall have the meaning specified in Section 3.09(a).

  • Payment Requirement means the amount specified as being applicable to the Reference Entity in the Standard or its equivalent in the relevant Obligation Currency (or, if no such amount is specified, USD 1,000,000 or its equivalent in the relevant Obligation Currency) in either case as of the occurrence of the relevant Failure to Pay or Potential Failure to Pay, as applicable.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Progress Payment means a payment by a public agency to a contractor for work in place under the terms of a construction contract.

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Cash Payment System means a payment system that generates any transfer of funds through a transaction originated by cash, check, or similar paper instrument. This includes electronic payments to a financial institution or clearing house that subsequently issues cash, check, or similar paper instrument to the designated payee.

  • AHYDO Catch-Up Payment means any payment on any Indebtedness that would be necessary to avoid such Indebtedness being characterized as an “applicable high yield discount obligation” under Section 163(i) of the Code.

  • Payment request means any request for contract financing payment or invoice payment submitted by the contractor under this contract.

  • Auction Final Price means the relevant auction final price that may be published by ISDA or any administrator of any auction coordinated by ISDA from time to time and that would be applicable to the senior, unsecured debt obligations issued or guaranteed by the relevant

  • 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.

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • 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.

  • Final Price means (a) in the case of any Terminated Obligation, the amount determined pursuant to Clause 4, and (b) in the case of any Repaid Obligation, the amount determined pursuant to Clause 5, and

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Payment card means a credit card, charge card, debit card, or any other card that is issued to an authorized card user and that allows the user to obtain, purchase, or receive goods, services, money, or anything else of value from a merchant.

  • Payment Condition at any time of determination with respect to any Specified Transaction, that the following conditions are all satisfied: (x) (1) 30-Day Specified Excess Availability (divided by Availability as of such time of determination and expressed as a percentage) and (2) the Specified Availability on the date of such Specified Transaction (divided by Availability as of such time of determination and expressed as a percentage), in each case exceed the applicable Availability Percentage (as defined below), (y) unless the Fixed Charge Condition (as defined below) is satisfied (to the extent applicable), the Parent Borrower shall be in Pro Forma Compliance with a minimum Consolidated Fixed Charge Coverage Ratio of at least 1.00:1.00 and (z) if reasonably requested by the Administrative Agent, the Borrower Representative shall have delivered to the Administrative Agent (i) a copy of calculations required by preceding clause (y) in reasonable detail and (ii) a calculation of Specified Unrestricted Cash. As used herein, the following terms shall have the following meanings: (i) “Availability Percentage” shall mean (a) in respect of any Restricted Payment pursuant to Subsection 8.3(k), 12.5%; (b) in respect of (A) any investment or acquisition permitted pursuant to clause (u) of the definition of “Permitted Investments” or (B) clause (c)(i) of the definition of “Permitted Acquisitions,” 10.0%; (c) in respect of any payment, repurchase or redemption pursuant to Subsection 8.6(a), 12.5%; (d) in respect of any merger, consolidation, amalgamation or asset sale pursuant to Subsection 8.2(a) or 8.2(b), 10.0%; and (e) in respect of any Asset Sale that would otherwise have to comply with Subsection 8.5, 10.0%; and (ii) “Fixed Charge Condition” shall mean 30-Day Specified Excess Availability (divided by Availability as of such time of determination and expressed as a percentage) exceeds: (a) in respect of any Restricted Payment pursuant to Subsection 8.3(k), 17.5%; (b) in respect of any acquisition permitted pursuant to clause (c)(i) of the definition of “Permitted Acquisitions”, 15.0%; (c) in respect of any investment permitted pursuant to clause (u) of the definition of “Permitted Investments”, 15.0%; (d) in respect of any payment, repurchase or redemption pursuant to Subsection 8.6(a), 15.0%; and (e) in respect of (A) any merger, consolidation, amalgamation or asset sale pursuant to Subsection 8.2(a) or 8.2(b) or (B) any Asset Sale that would otherwise have to comply with Subsection 8.5, 15.0%.

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

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).

  • Earn-Out Payment has the meaning set forth in Section 2.5(a).