Authorization for Pre-Authorized Recurring Payment Sample Clauses

The Authorization for Pre-Authorized Recurring Payment clause grants permission for a party, typically a service provider or creditor, to automatically withdraw payments from the payer’s designated account on a regular schedule. This clause outlines the frequency, amount, and method of these recurring payments, such as monthly subscription fees or installment payments for a loan. Its core practical function is to streamline the payment process, ensuring timely and consistent payments while reducing administrative burden and the risk of missed or late payments.
Authorization for Pre-Authorized Recurring Payment. As a normal rule, your monthly XOOM bill will be processed for the full amount owing under the terms and conditions of the pre authorized debit transaction (“Pre-Authorized Recurring Payment”). If you have agreed to pay your monthly bill using Pre- Authorized Recurring Payment, you agree to the following terms and conditions: a. You acknowledge this authorization for Pre-Authorized Recurring Payment is provided for the benefit of XOOM and your bank, and is provided in consideration of your bank agreeing to process payments and credits against your account in accordance with the rules of the Canadian Payments Association; b. You warrant and guarantee that those signatures required on the account have completed the written signature or digital signature on this Contract; c. You warrant and guarantee that the written signature and/or digital signature on this Contract also acts as a signature for the Pre- Authorized Recurring Payment; d. You authorize XOOM to draw or deposit on your account number with the branch of the financial institution where you maintain an account; e. You may cancel this authorization at any time upon written notice to XOOM, provided that this authorization cannot be cancelled if there is an outstanding balance due and payable to XOOM; f. You acknowledge that provision and delivery of this authorization to XOOM constitutes delivery by you to your bank and any delivery of this authorization to XOOM constitutes delivery by you; g. You undertake to inform XOOM, in writing of any change in the account information provided in this Authorization for Pre-Authorized Recurring Payment at least ten (10) days prior to the next due date of the Pre-Authorized Recurring Payment; h. You acknowledge that your bank is not required to verify that a Pre-Authorized Recurring Payment has been issued in accordance with the particulars of your authorization including, but not limited to, the amount and further acknowledge that your bank is not required to verify that any purpose of payment for which the Pre-Authorized Recurring Payment was issued has been fulfilled by XOOM as a condition to honouring a Pre-Authorized Recurring Payment issued or caused to be issued by XOOM on your account. Revocation of this authorization does not terminate any Contract for goods or services that exists between you and XOOM. Your authorization applies only to the method of payment and does not otherwise have any bearing on the Contract; i. You will provide us with the account...
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Related to Authorization for Pre-Authorized Recurring Payment

  • Application for Payment The form acceptable to Owner that is to be used by the Contractor during the course of the Work in requesting payment from the Owner and that is to be accompanied by such supporting documentation as is required by the Contract Documents.

  • Term Contract Quarterly Sales Reports The Contractor shall submit Quarterly Sales Reports in the manner and format required by the Department within 30 calendar days after the close of each State fiscal quarter (the State’s fiscal quarters close on September 30, December 31, March 31, and June 30). The Quarterly Sales Report template can be found here: Quarterly Sales Report Format / Vendor Resources / State Purchasing / Business Operations / Florida Department of Management Services - DMS (▇▇▇▇▇▇▇▇▇.▇▇▇). Initiation and submission of the most recent version of the Quarterly Sales Report posted on the DMS website is the responsibility of the Contractor without prompting or notification from the Department. Sales will be reviewed on a quarterly basis. If no sales are recorded in two consecutive quarters, the Contractor may be placed on probationary status, or the Department may terminate the Term Contract. Failure to provide the Quarterly Sales Report, or other reports requested by the Department, will result in the imposition of financial consequences and may result in the Contractor being found in default and the termination of the Term Contract.

  • ANNUAL CONTRACT SALES REPORT Contractor shall provide to Enterprise Services a detailed annual Contract sales report. Such report shall include, at a minimum, the following: ▪ The Goods and/or Services sold (including, as applicable, item number or other identifier); ▪ Per unit quantities sold; ▪ Items and volumes purchased by Purchaser; ▪ Shipment/delivery locations by Purchaser; and ▪ Contract price. This report must be provided in an electronic format that can be read by Microsoft (MS) Excel. Such report is due within thirty (30) calendar days of the annual anniversary of the effective date of this Contract.

  • Treatment of Unallowable Costs Previously Submitted for Payment UT further agrees that, within 90 days of the Effective Date of this Agreement, it shall identify to applicable Medicare and TRICARE fiscal intermediaries, carriers, and/or contractors, and Medicaid and FEHBP fiscal agents, any Unallowable Costs (as defined in this Paragraph) included in payments previously sought from the United States, or any State Medicaid program, including, but not limited to, payments sought in any cost reports, cost statements, information reports, or payment requests already submitted by UT or any of its subsidiaries or affiliates, and shall request, and agree, that such cost reports, cost statements, information reports, or payment requests, even if already settled, be adjusted to account for the effect of the inclusion of the unallowable costs. UT agrees that the United States, at a minimum, shall be entitled to recoup from UT any overpayment plus applicable interest and penalties as a result of the inclusion of such Unallowable Costs on previously-submitted cost reports, information reports, cost statements, or requests for payment. Any payments due after the adjustments have been made shall be paid to the United States pursuant to the direction of the Department of Justice and/or the affected agencies. The United States reserves its rights to disagree with any calculations submitted by UT or any of its subsidiaries or affiliates on the effect of inclusion of Unallowable Costs (as defined in this Paragraph) on UT or any of its subsidiaries or affiliates’ cost reports, cost statements, or information reports.