Common use of Recurring Payments Clause in Contracts

Recurring Payments. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing date is calculated for the next occurrence of the payment. If the calculated processing date is not a Business Day, it is adjusted based upon the following rules: o If the recurring payment’s “Pay Before” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing date. o If the recurring payment’s “Pay After” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date after the calculated processing date.

Appears in 2 contracts

Samples: Electronic Services Agreement and Disclosure, Electronic Services Agreement and Disclosure

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Recurring Payments. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing process date is calculated for the next occurrence of the payment. If the calculated processing process date is not a Business Daynon-business day, it is adjusted based upon the following rules: o If the recurring payment’s “Pay Before” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing date. o ; If the recurring payment’s “Pay After” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date after the calculated processing date.

Appears in 2 contracts

Samples: Consumer Online Banking Agreement, Consumer Online Banking Agreement

Recurring Payments. Make recurring payments from your checking account or money market account. This feature allows you to schedule recurring payments to payees. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing date is calculated for the next occurrence of the payment. If the calculated processing date is not a Business Daynon-business date (generally weekends and certain holidays), it is adjusted based upon the following rules: o If the recurring payment’s “Pay Before” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing date. o If the recurring payment’s “Pay After” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date after the calculated processing date.

Appears in 1 contract

Samples: Usc Credit Union Online Banking Agreement

Recurring Payments. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing date is calculated for the next occurrence of the payment. If the calculated processing date is not a Business Day, it is adjusted based upon the following rules: o If the recurring payment’s “Pay Before” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing date. o If the recurring payment’s “Pay After” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date after the calculated processing date.

Appears in 1 contract

Samples: Electronic Services Agreement and Disclosure

Recurring Payments. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing date is calculated for the next occurrence of the payment. If the calculated processing date is not a Business Daynon-business date (generally weekends and certain holidays), it is adjusted based upon the following rules: o If the recurring payment’s “Pay Before” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing date. o If the recurring payment’s “Pay After” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date after the calculated processing date.

Appears in 1 contract

Samples: www.lenastatebank.com

Recurring Payments. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing process date is calculated for the next occurrence of the payment. If the calculated processing process date is not a Business Daynon- business date (generally weekends and certain holidays), it is adjusted based upon the following rules: o * If the recurring payment’s “payments "Pay Before" option is selected, the processing process date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing process date. o * If the recurring payment’s “payments "Pay After" option is selected, the processing process date for the new occurrence of the payment is adjusted to the first business date after the calculated processing process date.. 12. Stopping or Modifying Bill

Appears in 1 contract

Samples: www.mainefamilyfcu.com

Recurring Payments. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing date is calculated for the next occurrence of the payment. If the calculated processing date is not a Business Daynon- business date (generally weekends and certain holidays), it is adjusted based upon the following rules: o If the recurring payment’s “Pay Before” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing date. o If the recurring payment’s “Pay After” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date after the calculated processing date.

Appears in 1 contract

Samples: www.loccreditunion.com

Recurring Payments. When a recurring payment is processed, processed it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing process date is calculated for the next occurrence of the payment. If the calculated processing process date is not a Business Day, non-business date (weekends and federal holidays) it is adjusted based upon the following rules: o If the recurring payment’s “Pay Before” option is selected, the processing process date for the new occurrence of the payment pay- ment is adjusted to the first business date prior to the calculated processing process date. o If the recurring payment’s “Pay After” option is selected, the processing process date for the new occurrence of the payment is adjusted to the first business date after the calculated processing process date.

Appears in 1 contract

Samples: www.taleriscu.org

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Recurring Payments. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing date is calculated for the next occurrence of the payment. If the calculated processing date is not a Business Daynon-business date (generally weekends and certain holidays), it is adjusted based upon the following rules: o If the recurring payment’s payment‘s “Pay Before” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing date. o If the recurring payment’s “Pay After” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date after the calculated processing date.

Appears in 1 contract

Samples: Personal Online User Agreement

Recurring Payments. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing date is calculated for the next occurrence of the payment. If the calculated processing date is not a Business Daynon-business date (generally weekends and certain holidays), it is adjusted based upon the following rules: o If the recurring payment’s “Pay Before” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing date. o If the recurring payment’s “Pay After” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date after the calculated processing date.. o

Appears in 1 contract

Samples: www.cusb.com

Recurring Payments. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing date is calculated for the next occurrence of the payment. If the calculated processing date is not a Business Daynon-business date (generally weekends and certain holidays), it is adjusted based upon the following rules: o If the recurring payment’s “Pay Before” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing date. o If the recurring payment’s “Pay After” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date after the calculated processing date.

Appears in 1 contract

Samples: www.lenastatebank.com

Recurring Payments. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing date is calculated for the next occurrence of the payment. If the calculated processing date is not a Business Daynon-business date (generally weekends and certain holidays), it is adjusted based upon the following rules: o If the recurring payment’s “Pay Before” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing date. o If the recurring payment’s “Pay After” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date after the calculated processing date.

Appears in 1 contract

Samples: Service Agreement

Recurring Payments. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing date is calculated for the next occurrence of the payment. If the calculated processing date is not a Business Daynon-business date (generally weekends and certain holidays), it is adjusted based upon the following rules: o If the recurring payment’s “Pay Before” pay before option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing date. o If the recurring payment’s “Pay After” pay after option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date after the calculated processing date.

Appears in 1 contract

Samples: Signature and Electronic Disclosures Agreement

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