Bulk Payments Sample Clauses

Bulk Payments. In line with clause 1.4. (Bulk Payments), Customers will have the responsibility to use the correct templates when making use of the Bulk Payment feature, where and if available.
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Bulk Payments. Whenever possible, the Bank will offer the option for the Customer to effect bulk payments – which is an amalgamation of single transactions - both within Mauritius and internationally. It will be the Customer’s responsibility to use the templates provided by the Bank when using the Bulk Payment feature.
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Bulk Payments. 3.1 Any Full Access (Account Signatory) User may apply to make Bulk Payments on your behalf using this Service. If such an application is agreed by us, this Agreement will apply to any Bulk Payments instructed via the Service. 3.2 An application for Bulk Payments will be subject to our agreement, including the maximum amount which may be paid away as a Bulk Payment from your Account(s) over any period of two consecutive Business Days (“Bulk Payment Limit”). 3.3 If we agree to your application for Bulk Payments we will write to you and confirm the Bulk Payment Limit. 3.4 Once we have approved the application for Bulk Payments any Full Access (Account Signatory) User or Full Access (Delegate) User will be able to make a Bulk Payment using this Service subject to the Bulk Payment Limit. 3.5 Any Full Access (Account Signatory) User may request an increase of the Bulk Payment Limit by following the directions on screen for the Service. Any request for an increase in the Bulk Payment Limit will be subject to our agreement.
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Bulk Payments. 4.1 You, the Sender, appoint us to pay Stamps to multiple Beneficiaries which are linked to the mobile telephone numbers sent to us by you. We will assume that it is someone that you, the Sender, have authorised to receive Stamps and, subject to these terms and conditions, we will pay the Stamps to such nominated mobile telephone numbers, unless the Stamps has been paid out already. 4.2 In order for us to process Bulk payments and to pay out the Stamps, we will require certain information from each Sender and each Beneficiary. Each Sender and each Beneficiary confirms and warrants that the information s/he provides to us in this regard is true and correct in all respects. 4.3 The Sender agrees that Stamps will only be loaded to be paid to individual beneficiaries once the Bulk payment reflects in our bank account. 4.4 In the event that the Sender’s Bulk payment fails to load or to pass our validation process, we will inform the Sender as soon as reasonably possible in order to request further/better instructions. 4.5 After successfully loading a Bulk payment, we will inform each of the Sender’s intended Beneficiaries via SMS to their respective mobile telephones that the Stamps is available to redeem. 4.6 After the Beneficiary has received an sms notification that Stamps are available to be redeemed, s/he is required to sign up (if the Beneficiary is a first time user) via the Shoprite SA App or USSD code *120*3534# and create an account. If the Beneficiary has a pre-existing account, s/he can log in using their mobile number and private PIN to redeem the Stamps received. 4.7 No refunds will be allowed to the Sender. This includes refund requests in the event that the Money was not collected by the nominated Recipient. 4.8 The Sender may only qualify for Bulk Payments if the total once off amount to be loaded as Stamps to Beneficiaries exceeds the minimum value of R10,000 (Ten Thousand Rand) 4.9 The Sender acknowledges that We may be obliged to pay out the Money to a person other than the intended Beneficiary in the event of being required to do so by law or court order. 4.10 The Sender Acknowledges that Stamps are loaded to the nominated Beneficiary mobile number(s). Should an incorrect mobile number be provided, the intended Beneficiary will not receive his/her Stamps and We will not be accountable for lost Stamps. 4.12 The sender acknowledges that the mobile number(s) and amount(s) linked to each number must be presented to us in a specific format. Shou...
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Related to Bulk Payments

  • ▇▇▇▇▇▇▇▇▇ Payments The Company shall pay Executive cash benefits equal to: (1) two times Executive's Base Salary in effect on the date of the Change of Control or the Termination Date, whichever is higher; provided that if any reduction of the Base Salary has occurred, then the Base Salary on either date shall be as in effect immediately prior to such reduction, payable in regular installments at such times as would otherwise be the Company's usual payroll practice over a period of two years; and (2) the higher of: (A) two times Executive's Target Bonus in effect on the date of the Change of Control or the Termination Date, whichever is greater; or (B) two times Executive's most recent actual annual bonus, payable in either case ratably in regular installments at the same time as payments are made to Executive under Section 3(a)(1) above; provided that if any reduction of the Target Bonus has occurred, then the Target Bonus on either date shall be as in effect immediately prior to such reduction; and (3) Executive's Target Bonus (as determined in (2), above) multiplied by a fraction, the numerator of which shall equal the number of days Executive was employed by the Company in the Company fiscal year in which the Termination Date occurs and the denominator of which shall equal 365, payable as a cash lump sum within forty days after the Termination Date; and (4) in the case of a termination of employment by Executive for Good Reason, an amount equal to the severance pay specified in Article 6.A. 1. of the attached Presidents' Council Agreement (as defined in Section 8 hereof), payable according to the schedule set forth therein, determined as if Executive's employment had been terminated by ARAMARK without Cause on the Termination Date.

  • Payment and Contract Price C1 Contract Price C1.1 In consideration of the Contractor’s performance of its obligations under the Contract, the Authority shall pay the Contract Price in accordance with clause C2 (Payment and VAT). C1.2 The Authority shall, in addition to the Contract Price and following evidence of a valid VAT invoice, pay the Contractor a sum equal to the VAT chargeable on the value of the Services supplied in accordance with the Contract. C2 Payment and VAT C2.1 The Authority shall pay all sums due to the Contractor within thirty (30) days of receipt of a valid invoice, submitted Monthly in arrears. C2.2 The Authority shall pay all sums by direct credit transfer into a suitable bank account or by other electronic payment methods as appropriate. C2.3 The Contractor shall ensure that each invoice contains a valid purchase order number. All appropriate references and a detailed breakdown of the Services supplied and any other documentation reasonably required by the Authority to substantiate the invoice should be supplied in accordance with Schedule 2. C2.4 Where the Contractor enters into a sub-contract for the purpose of performing its obligations under the Contract, it shall ensure that a provision is included in such a sub-contract which requires payment to be made of all sums due by the Contractor to the Sub-contractor within a specified period not exceeding thirty (30) days from the receipt of a valid invoice. C2.5 The Contractor shall add VAT to the Contract Price at the prevailing rate as applicable and the Authority shall pay the VAT to the Contractor following its receipt of a valid VAT invoice. C2.6 The Contractor shall indemnify the Authority on a continuing basis against any liability, including any interest, penalties or costs incurred, which is levied, demanded or assessed on the Authority at any time in respect of the Contractor’s failure to account for or to pay any VAT relating to payments made to the Contractor under the Contract. Any amounts due under this clause C2.5 shall be paid by the Contractor to the Authority not less than five (5) Working Days before the date upon which the tax or other liability is payable by the Authority. C2.7 The Contractor shall not suspend the supply of the Services unless the Contractor is entitled to terminate the Contract under clause H2.3 (Termination on Default) for failure to pay undisputed sums of money. Interest shall be payable by the Authority on the late payment of any undisputed sums of money properly invoiced in accordance with the Late Payment of Commercial Debts (Interest) ▇▇▇ ▇▇▇▇. C2.8 Where payment by the Authority of all or any part of any invoice rendered or other claim for payment by the Contractor is disputed, this dispute shall be resolved in accordance with the disputed claims procedure as set out in Schedule 2. C3 Recovery of Sums Due C3.1 Wherever under the Contract any sum of money is recoverable from or payable by the Contractor (including any sum which the Contractor is liable to pay to the Authority in respect of any breach of the Contract), the Authority may unilaterally deduct that sum from any sum then due, or which at any later time may become due to the Contractor under the Contract or under any other agreement or contract with the Authority. C3.2 Any overpayment by either Party, whether of the Contract Price or of VAT or otherwise, shall be a sum of money recoverable by the Party who made the overpayment from the Party in receipt of the overpayment. C3.3 The Contractor shall make all payments due to the Authority without any deduction whether by way of set-off, counterclaim, discount, abatement or otherwise unless the Contractor has a valid court order requiring an amount equal to such deduction to be paid by the Authority to the Contractor. C3.4 All payments due shall be made within a reasonable time unless otherwise specified in the Contract, in cleared funds, to such bank or building society account as the recipient Party may from time to time direct. C4 Price adjustment on extension of the Initial Contract Period C4.1 The Contract Price shall apply for the Initial Contract Period. In the event that the Authority agrees to extend the Initial Contract Period pursuant to clause F8 (Extension of Initial Contract Period), the Authority may, where applicable, in the six (6) Month period prior to the expiry of the Initial Contract Period, enter into good faith negotiations with the Contractor (for a period of not more than thirty (30) Working Days) to agree a variation in the Contract Price. For the avoidance of doubt both Parties accept and acknowledge that any Variation to the Contract Price shall not have the effect of altering the economic balance of the Contract during the period of extension in favour of the Contractor in a manner not provided for in the terms of the Contract. C4.2 If the Parties are unable to agree a variation in the Contract Price in accordance with clause C4.1, the Contract shall terminate at the end of the Initial Contract Period. C4.3 If a variation in the Contract Price is agreed between the Authority and the Contractor, the revised Contract Price will take effect from the first day of any period of extension and shall apply during such period of extension. C4.4 Any increase in the Contract Price pursuant to clause C4.1 shall not exceed the percentage change in the Office of National Statistics’ Consumer Prices Index (CPI) (or another such index specified in the Prices & Rates Schedule) between the Commencement Date and the date six (6) Months before the end of the Initial Contract Period.] C5 Euro C5.1 Any requirement of Law to account for the Services in Euro (or to prepare for such accounting) instead of and/or in addition to sterling, shall be implemented by the Contractor at nil charge to the Authority. C5.2 The Authority shall provide all reasonable assistance to facilitate compliance with clause C5.1 by the Contractor. C6 Third Party Revenue C6.1 The Contractor may not obtain any third party revenue, income or credit based on the Services and/or copyright works delivered under this Contract without the express prior written agreement of the Authority.

  • Interim Payments Interim payments may be made by Department, at its discretion, if the completion of deliverables to date have first been accepted in writing by Department's Grant Manager.

  • CP Costs Payments On each Settlement Date, Seller shall pay to Agent (for the benefit of the Conduits) an aggregate amount equal to all accrued and unpaid CP Costs in respect of the outstanding Capital of each of the Conduits for the related Settlement Period in accordance with Article II.

  • Partial payments (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order: (i) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documents; (ii) secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; (iii) thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement; and (iv) fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. (b) The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. (c) Paragraphs (a) and (b) above will override any appropriation made by an Obligor.