Common use of Incoming Payment Clause in Contracts

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. 9.1.17.1.1. Corpay AFEX 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 AccountFunding Balance, in the form of an incoming draft, wire or cheque. 9.1.27.1.2. Corpay AFEX Singapore reserves the right to withhold credit for any Incoming Payment until Corpay AFEX Singapore, in Corpay AFEX 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 AFEX Singapore as non-negotiable or for insufficient funds or is otherwise not accepted by Corpay AFEX Singapore’s depository financial institution, such Incoming Payment will be returned to payer. The Client and Client agrees to indemnify Corpay AFEX Singapore and its representatives in respect of Losses incurred by Corpay AFEX Singapore including any foreign exchange Losses, charges, charges and fees in handling the returned, unaccepted, unaccepted or recalled Incoming Payment. Client acknowledges and agrees that Corpay AFEX Singapore is relying upon this indemnity in providing value in exchange for any Foreign Currency draft or cheque. 9.1.37.1.3. The form in which Corpay AFEX Singapore credits the Incoming Payment to Client shall be subject to instructions from Client as documented in an Order or Delivery Instructions. 9.1.47.1.4. Client shall require that the third-third party payer specify Client’s full legal name and account number, as designated by Corpay AFEX Singapore, in the memo or reference line of any such Incoming Payment. Corpay AFEX 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.. PER_ACC_OPEN_SG_0219_EC

Incoming Payment. 9.1.17.1.1. Corpay AFEX 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 AccountFunding Balance, in the form of an incoming draft, wire or cheque. 9.1.27.1.2. Corpay AFEX Singapore reserves the right to withhold credit for any Incoming Payment until Corpay AFEX Singapore, in Corpay AFEX 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 AFEX Singapore as non-negotiable or for insufficient funds or is otherwise not accepted by Corpay AFEX Singapore’s depository financial institution, such Incoming Payment will be returned to payer. The Client and Client agrees to indemnify Corpay AFEX Singapore and its representatives in respect of Losses incurred by Corpay AFEX Singapore including any foreign exchange Losses, charges, charges and fees in handling the returned, unaccepted, unaccepted or recalled Incoming Payment. Client acknowledges and agrees that Corpay AFEX Singapore is relying upon this indemnity in providing value in exchange for any Foreign Currency draft or cheque. 9.1.37.1.3. The form in which Corpay AFEX Singapore credits the Incoming Payment to Client shall be subject to instructions from Client as documented in an Order or Delivery Instructions. 9.1.47.1.4. Client shall require that the third-third party payer specify Client’s full legal name and account number, as designated by Corpay AFEX Singapore, in the memo or reference line of any such Incoming Payment. Corpay AFEX 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.