Incoming Payment Sample Clauses
The Incoming Payment clause defines the terms and conditions under which a party receives payments from another party. It typically specifies the acceptable payment methods, timelines for receipt, and any requirements for invoicing or documentation. For example, it may state that payments must be made via bank transfer within 30 days of invoice receipt. This clause ensures clarity and predictability regarding payment processes, helping to prevent disputes and delays related to financial transactions.
Incoming Payment. 9.1.1. AFEX may receive domestic or Foreign Currency from a third party for payment on behalf of Client (“Incoming Payment”) or for further credit to Client’s Funding Balance, in the form of an incoming draft, wire or cheque. Cash cannot and will not be accepted from any source.
9.1.2. AFEX reserves the right to withhold credit for any Incoming Payment until AFEX, in AFEX’s sole discretion, is satisfied that cleared funds have been received. In the event that any Incoming Payment is subsequently recalled, returned to AFEX as non-negotiable or for insufficient funds or is otherwise not accepted by AFEX’s depository financial institution, such Incoming Payment will be returned to Client and Client agrees to indemnify AFEX and its representatives in respect of Losses incurred by AFEX, including any foreign exchange Losses, charges and fees in handling the returned, unaccepted or recalled Incoming Payment. Client acknowledges and agrees that AFEX is relying upon this indemnity in providing value in exchange for any Foreign Currency draft or cheque.
9.1.3. The form in which AFEX credits the Incoming Payment to Client shall be subject to instructions from Client as documented in an Order or Delivery Instructions.
9.1.4. Client shall require that the third party payer specify Client’s full legal name and account number, as designated by AFEX, in the memo or reference line of any such Incoming Payment. AFEX may in its sole discretion, attempt to contact the third party sender to secure any additional information that may be needed to ensure accurate processing of the Incoming Payment.
Incoming Payment. 9.1.1. Corpay Singapore may receive domestic or Foreign Currency from a third party for payment on behalf of Client (“Incoming Payment”) or for further credit to Client’s Customers Account, in the form of an incoming draft, wire or cheque.
9.1.2. Corpay Singapore reserves the right to withhold credit for any Incoming Payment until Corpay Singapore, in Corpay Singapore’s sole discretion, is satisfied that cleared funds have been received. In the event that any Incoming Payment is subsequently recalled, returned to Corpay Singapore as non-negotiable or for insufficient funds or is otherwise not accepted by Corpay Singapore’s depository financial institution, such Incoming Payment will be returned to payer. The Client agrees to indemnify Corpay Singapore and its representatives in respect of Losses incurred by Corpay Singapore including any foreign exchange Losses, charges, and fees in handling the returned, unaccepted, or recalled Incoming Payment. Client acknowledges and agrees that Corpay Singapore is relying upon this indemnity in providing value in exchange for any Foreign Currency draft or cheque.
9.1.3. The form in which Corpay Singapore credits the Incoming Payment to Client shall be subject to instructions from Client as documented in an Order or Delivery Instructions.
9.1.4. Client shall require that the third-party payer specify Client’s full legal name and account number, as designated by Corpay Singapore, in the memo or reference line of any such Incoming Payment. Corpay Singapore may in its sole discretion, attempt to contact the third party sender to secure any additional information that may be needed to ensure accurate processing of the Incoming Payment.
Incoming Payment. 10.1.1. AFEX may receive domestic or Foreign Currency from a third party for payment on behalf of Client (“Incoming Payment”) or for further credit to Client’s Funding Balance, in the form of an incoming draft, wire or cheque. Cash cannot and will not be accepted from any source. CORP_ACC_OPEN_AU_0218AE
10.1.2. AFEX reserves the right to withhold credit for any Incoming Payment until AFEX, in AFEX’s sole discretion, is satisfied that cleared funds have been received. In the event that any Incoming Payment is subsequently recalled, returned to AFEX as non-negotiable or for insufficient funds or is otherwise not accepted by AFEX’s depository financial institution, such Incoming Payment will be returned to Client and Client agrees to indemnify AFEX and its representatives in respect of Losses incurred by AFEX, including any foreign exchange Losses, charges and fees in handling the returned, unaccepted or recalled Incoming Payment. Client acknowledges and agrees that AFEX is relying upon this indemnity in providing value in exchange for any Foreign Currency draft or cheque.
10.1.3. The form in which AFEX credits the Incoming Payment to Client shall be subject to instructions from Client as documented in an Order or Delivery Instructions.
10.1.4. Client shall require that the third party payer specify Client’s full legal name and account number, as designated by AFEX, in the memo or reference line of any such Incoming Payment. AFEX may in its sole discretion, attempt to contact the third party sender to secure any additional information that may be needed to ensure accurate processing of the Incoming Payment.
Incoming Payment. 9.1.1. Cambridge may receive domestic or Foreign Currency from a third party for payment on behalf of Client (“Incoming Payment”) or for further credit to Client’s Funding Balance, in the form of an incoming draft, wire or cheque. Cash cannot and will not be accepted from any source.
9.1.2. Cambridge reserves the right to withhold credit for any Incoming Payment until Cambridge, in Cambridge’s sole discretion, is satisfied that cleared funds have been received. In the event that any Incoming Payment is subsequently recalled, returned to Cambridge as non-negotiable or for insufficient funds or is otherwise not accepted by Cambridge’s depository financial institution, such Incoming Payment will be returned to Client and Client agrees to indemnify Cambridge and its representatives in respect of Losses incurred by Cambridge, including any foreign exchange Losses, charges and fees in handling the returned, unaccepted or recalled Incoming Payment. Client acknowledges and agrees that Cambridge is relying upon this indemnity in providing value in exchange for any Foreign Currency draft or cheque.
9.1.3. The form in which Cambridge credits the Incoming Payment to Client shall be subject to instructions from Client as documented in an Order or Delivery Instructions. Client shall require that the third-party payer specify Client’s full legal name and account number, as designated by Cambridge, in the memo or reference line of any such Incoming Payment. Cambridge may in its sole discretion, attempt to contact the third-party sender to secure any additional information that may be needed to ensure accurate processing of the Incoming Payment.
Incoming Payment. 30.1.1. CMRM may receive domestic or Foreign Currency from a third party for payment for an Order on behalf of Client (“Incoming Payment”), in the form of an incoming draft, wire or cheque. Cash cannot and will not be accepted from any source.
30.1.2. CMRM reserves the right to withhold credit for any Incoming Payment until CMRM, in its sole discretion, is satisfied that cleared funds have been received. In the event that any Incoming Payment is subsequently recalled, returned to CMRM as non- negotiable or for insufficient funds or is otherwise not accepted by CMRM’s depository financial institution, such Incoming Payment will be returned to Client. The Client agrees to indemnify CMRM and its representatives in respect of Losses incurred by CMRM, including any foreign exchange Losses, charges and fees in handling the returned, unaccepted or recalled Incoming Payment. Client acknowledges and agrees that CMRM is relying upon this indemnity in providing value in exchange for any Foreign Currency draft or cheque.
30.1.3. The form in which CMRM credits the Incoming Payment to Client shall be subject to instructions from Client as documented in an Instruction or Delivery Instructions.
30.1.4. Client shall require that the third-party payer specify Client’s full legal name and account number, as designated by CMRM, in the memo or reference line of any such Incoming Payment. CMRM may, in its sole discretion, attempt to contact the third-party sender to secure any additional information that may be needed to ensure accurate processing of the Incoming Payment.
Incoming Payment. 5.1.1. WALLEX Singapore may receive domestic or Foreign Currency from a third party for payment on behalf of Client (“Incoming Payment”) or for further credit to Client’s Funding Balance, in the form of an incoming draft, wire or cheque.
5.1.2. WALLEX Singapore reserves the right to withhold credit for any Incoming Payment until WALLEX Singapore, in WALLEX Singapore’s sole discretion, is satisfied that cleared funds have been received. In the event that any Incoming Payment is subsequently recalled, returned to WALLEX Singapore as non-negotiable or for insufficient funds or is otherwise not accepted by WALLEX Singapore’s depository financial institution, such Incoming Payment will be returned to Client and Client agrees to indemnify WALLEX Singapore and its representatives in respect of Losses incurred by WALLEX Singapore including any foreign exchange Losses, charges and fees in handling the returned, unaccepted or recalled Incoming Payment.
5.1.3. The form in which WALLEX Singapore credits the Incoming Payment to Client shall be subject to instructions from Client as documented in an Order or Delivery Instructions.
5.1.4. Client shall require that the third party payer specify Client’s full legal name and account number, as designated by WALLEX Singapore, in the memo or reference line of any such Incoming Payment. WALLEX Singapore may in its sole discretion, attempt to contact the third party sender to secure any additional information that may be needed to ensure accurate processing of the Incoming Payment.
Incoming Payment. 9.1.1. Corpay Singapore may receive domestic or Foreign Currency from a third party for payment on behalf of Client (“Incoming
9.1.2. Corpay Singapore reserves the right to withhold credit for any Incoming Payment until Corpay Singapore, in Corpay Singapore’s sole discretion, is satisfied that cleared funds have been received. In the event that any Incoming Payment is subsequently recalled, returned to Corpay Singapore as non-negotiable or for insufficient funds or is otherwise not accepted by Corpay Singapore’s depository financial institution, such Incoming Payment will be returned to payer. The Client agrees to indemnify Corpay Singapore and its representatives in respect of Losses incurred by Corpay Singapore including any foreign exchange Losses, charges, and fees in handling the returned, unaccepted, or recalled Incoming Payment. Client acknowledges and agrees that Corpay Singapore is relying upon this indemnity in providing value in exchange for any Foreign Currency draft or cheque.
9.1.3. The form in which Corpay Singapore credits the Incoming Payment to Client shall be subject to instructions from Client as documented in an Order or Delivery Instructions.
9.1.4. Client shall require that the third-party payer specify Client’s full legal name and account number, as designated by Corpay Singapore, in the memo or reference line of any such Incoming Payment. Corpay Singapore may in its sole discretion, attempt to contact the third party sender to secure any additional information that may be needed to ensure accurate processing of the Incoming Payment.