Deposit Processing Clause Samples

The Deposit Processing clause outlines the procedures and requirements for handling deposits made under an agreement. It typically specifies how and when deposits must be paid, the acceptable methods of payment, and the conditions under which the deposit will be held, applied, or refunded. For example, it may require a buyer to submit a deposit within a certain timeframe and detail how the deposit is credited toward the final purchase price or forfeited if the transaction does not proceed. This clause ensures both parties understand the expectations and safeguards regarding deposit funds, reducing the risk of disputes over payment timing or refund eligibility.
Deposit Processing. Scanning and submitting Check Image deposits does not constitute receipt of the deposit by Kentucky Bank. Generally, Check Image deposits received prior to 2:30 p.m., Eastern Standard Time are processed on the Business Day of receipt. Any Check Image deposit received after this time or on Saturdays, Sundays, and holidays when Kentucky Bank is closed will be processed on the next Business Day. Acknowledgment that your Check Image deposit has been received by Kentucky Bank does not mean that the Check Image deposit was received error free.
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Deposit Processing. Photographing and submitting Check Image deposits does not constitute receipt of the deposit by Bank. Generally, Check Image deposits received prior to 7:00 p.m. Eastern Time (ET) are processed on the Business Day of receipt. Any Check Image deposit received after 7:00 p.m. ET on a Business Day or on a day other than a Business Day will be processed on the next Business Day. Acknowledgement that your Check Image deposit has been received by Bank does not mean that the Check Image deposit was received error free.
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Deposit Processing. Scanning and submitting check image deposits does not constitute receipt of the deposit by Bank of the West. Generally, check image deposits received prior to 3:00 pm., Central Standard Time are processed on the business day of receipt. Any check image deposit received after this time or on Saturdays, Sundays, and holidays when Bank of the West is closed will be processed on the next business day. Acknowledgement that your check image deposit has been received by Bank of the West does not mean that the check image deposit was received error free.
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Deposit Processing. Photographing and submitting check image deposits does not constitute receipt of the deposit by Rancho FCU. Generally, check image deposits received prior to 3:00 p.m. Pacific Time (PT) are processed on the Business Day of receipt. Any check image deposit received after 3:00 p.m. PT on a Business Day or on a day other than a Business Day will be processed on Rancho FCU's next Business Day. Acknowledgment that your check image deposit has been received by Rancho FCU does not mean that the check image deposit was received error free. All deposits are subject to review before final credit is issued.
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Deposit Processing. On each banking day, Bank shall process the checks, drafts and money orders (collectively "Items") received in the Lockbox and shall deliver deposit advices to Client.
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Related to Deposit Processing

  • Payment Processing Citizens may require any other information from Vendor that Citizens deems necessary to verify any compensation request placed under this Agreement and Vendor agrees that it will provide such information as reasonably requested by Citizens. Payment shall be due net thirty (30) calendar days of Citizens’ actual receipt of a complete and undisputed invoice. Where a submitted invoice is incomplete, such as not containing the information described in this Section, Citizens will return the incomplete invoice to Vendor for correction within thirty (30) calendar days of Citizens’ actual receipt of such invoice. Where Citizens reasonably disputes any part of a complete invoice, such as the amount of the compensation request, Citizens shall pay any undisputed portion of the invoiced amount within (30) calendar days of Citizens’ actual receipt of the complete invoice and will describe the basis for the disputed portion of the invoiced amount. Where Vendor disagrees with Citizens dispute of any invoice, the Parties shall seek to resolve the dispute in accordance with the Dispute Resolution Process further described in this Agreement. In no case shall Citizens be subject to late payment interest charges where Vendor has submitted an incomplete invoice or where Citizens has reasonably disputed an invoice. Where Vendor fails to submit an invoice within twelve (12) calendar months of the Services for which compensation is being requested, Vendor acknowledges and agrees that any payment due for such Services is forfeited by Vendor for its failure to timely submit an invoice.

  • Sub-Processing 10.1 In respect of any Processing of Personal Data performed by a third party on behalf of a Party, that Party shall: (a) carry out adequate due diligence on such third party to ensure that it is capable of providing the level of protection for the Personal Data as is required by the contract, and provide evidence of such due diligence to the other Party where reasonably requested; and (b) ensure that a suitable agreement is in place with the third party as required under applicable Data Protection Legislation.

  • Subprocessing The data importer shall not subcontract any of its processing operations performed on behalf of the data exporter under the Clauses without the prior written consent of the data exporter. Where the data importer subcontracts its obligations under the Clauses, with the consent of the data exporter, it shall do so only by way of a written agreement with the subprocessor which imposes the same obligations on the subprocessor as are imposed on the data importer under the Clauses. Where the subprocessor fails to fulfil its data protection obligations under such written agreement the data importer shall remain fully liable to the data exporter for the performance of the subprocessor's obligations under such agreement.