Remittance Payment definition

Remittance Payment is any U.S. Dollar payment made from time to time by a Remittance Payor to the Bank (in consideration of which the Bank incurs an obligation to make either a corresponding deposit to an account of a Remittance Beneficiary at the Bank or a payment to a Remittance Beneficiary) that is (or is of the type that qualifies to be) notified to the Bank via a Remittance Payment Order.
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Remittance Payment has the meaning given in Section 3.3.3.
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Remittance Payment means a payment from Project Co to BC Hydro required under section
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Examples of Remittance Payment in a sentence

  • Payments must include a Remittance Document or Coupon (which complies with application specifications) along with each Remittance Payment.

  • In the event that any EC Remittance Payment due in respect of a EC Compensation Statement is not received by Decolar in compliance with this provision or during the subsequent ten (10) Business Day period (the “Payment Period”), Expedia shall take such steps as may be necessary to cure any failure to make such EC Remittance Payment within five (5) Business Days after the end of such Payment Period.

  • In the event that the Processor receives a Remittance Payment that is unacceptable (an “Exception item”) the Processor shall post notice of the Exception item to the Customer at the Remittance website, in the Exception Processing Application area (the “EPA Area”).

  • If, at the conclusion of such 15 Business Day period, any EC Remittance Payment due in respect of a EC Compensation Statement is not received by Decolar in compliance with this provision, in addition to Decolar’s rights under this Agreement and at Law, Decolar shall have the right to: (a) offset any such amounts due from any Payments due to Expedia hereunder; (b) cancel all un-stayed bookings; (c) suspend Expedia’s access to Decolar’s Travel Products immediately.

  • If cash is received, the Bank will forward the Remittance Payment, unprocessed, to the Client.

  • Depending upon if and when a Debtor pays the full Face Value amount owed under a Purchased Receivable, and when such payment is received by Payplant in Good Funds, Client may receive a Client Remittance Payment payable out of the Retained Amount.

  • PROVIDING PARTY shall deliver the Remittance Payment to RECEIVING PARTY in immediately available funds, by check or by wire transfer, or at the option of PROVIDING PARTY, by applying such excess amount as a credit to any amounts that may become owing for the following month.

  • The Bank shall (i) make (or make available) the appropriate payment relating to each Remittance Payment and each MT Payment to the applicable DPR Payee within the framework of its customary business practice (and, in each case, in accordance with any Applicable Law).

  • Funds held while processing a Remittance Payment request are not insured by any of the Australian Government Financial service guarantee schemes or any other government authority.

  • Except for Remittance Payments payable by Project Co pursuant to Section 4.5 [Remittance Payment Obligation Cumulative] of Schedule 13 [Performance and Payment Mechanism], Project Co may set off any other amounts owing by BC Hydro to Project Co under this Agreement against any payments due by Project Co to BC Hydro under this Agreement.