Payment Instruments definition

Payment Instruments or “PI(s)” means any instrument/instruction, electronic or in writing, for transfer of funds as may be notified by the RBI and shall include, without limitation, post-dated cheques, inchoate cheques, instructions for direct debit from a bank account, a message for transfer of funds sent electronically, physically or through an image of instrument for transfer of funds sent electronically, an electronic file containing the details of the funds transfer sent by electronic media, payment through an electronic truncated cheque, various types of plastic cards, electronic clearing system (ECS), National Automated Clearing House (NACH), demand draft or such other instrument / instruction / clearing service as may be notified by RBI from time to time for transfer of funds and acceptable to the Lender.

Payment Instruments means any personalized device(s) and/or set of procedures agreed between the Client as payment service user and Bank as the payment service provider and used by the Client in order to initiate an Order for payment.

Payment Instruments has the meaning specified in the definition of Assigned Claims.

Examples of Payment Instruments in a sentence

• Notwithstanding anything to the contrary contained in this Agreement, the Company understands and agrees that all Payment Instruments received by the Escrow Agent hereunder are subject to collection requirements of presentment and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment in collected funds has been made and is no longer subject to dishonor.

• In the event that any Payment Instruments deposited in the Escrow Account prove uncollectible after the funds represented thereby have been released by the Escrow Agent to the Company, then the Company shall promptly reimburse the Escrow Agent for any and all costs incurred for such, upon request, and the Escrow Agent shall deliver the uncollectible Payment Instrument to the Company.

• Such Payment Instruments shall be retained in the Escrow Account by the Escrow Agent and invested as set forth in Section 7 and shall be deposited within one (1) business day of receipt.

• All Payment Instruments shall be delivered to the Escrow Agent within five (5) business days from the date of the receipt thereof, endorsed (if appropriate) to the Escrow Agent, together with a list of the applicable Subscribers, showing, with respect to each such Subscriber, the Subscriber’s name and address, subscription date, amount of subscription and amount paid.

• Following such disbursement, the Escrow Account shall close and thereafter the Escrow Agent shall forward directly to the Company, upon receipt, any subscription documents and Payment Instruments received from Subscribers.

More Definitions of Payment Instruments

Payment Instruments means a device or personalised set of procedures agreed between you and us and used to initiate a payment transaction.

Payment Instruments means any personalized device and/or set of procedures which may be used by the User in order to access the TFI Pay Online service and/or provide instructions to the Company in paper form. The Payment Instruments for the purpose of accessing TFI Pay Online are the User ID, the Password, the Security Token and any other Payment Instrument as may be defined by the Company from time to time.

Payment Instruments means cheques, drafts, money orders, credit, debit and stored- value cards, traveller’s cheque or any other instrument or device, tangible or intangible, by which a person can make payments or transmit money, but

Payment Instruments shall have the meaning assigned to such term in Clause 6.2 (Mode of Payment, Time, Place) below; “Post-Dated Cheques (PDCs)” shall mean the post-dated cheque(s) which may if so required by the Lender, be drawn by the Borrower in favour of the Lender, towards discharge of the EMIs, in the manner and upon the terms and conditions specified in Clause 6 (Mode of Payment, Time, Place) below;

Payment Instruments means a valid Payment Instruments physical or virtual issued by an authorized Card Schemes, Financial Institute and any other Payment Instrument Providers that are authorized to issue valid card and/or any other Payment Instrument to the Customer which enables the Customer to initiate and complete an online transaction to purchase/ avail Products and Services of Merchant.

Payment Instruments means any personalized device(s)

Payment Instruments means debit and credit cards. “PB Online Srl Marketplace Fees Refunded” means, in connection with the relevant Reference Period, the PB Online Srl Marketplace Fees accrued in connection with the Amounts Reimbursed and that PB Online Srl refunds to the Seller or, as the case may be, does not charge to the Seller.