Monetary Transactions Clause Samples

The Monetary Transactions clause governs the processes and requirements for the exchange of funds between parties under the agreement. It typically outlines acceptable payment methods, deadlines for payment, and any conditions or procedures for invoicing and receipts. By clearly defining how and when payments are to be made, this clause helps prevent disputes over financial obligations and ensures both parties understand their responsibilities regarding monetary exchanges.
Monetary Transactions. In general all monetary transactions are chargeable with the exception of reversal transactions. The only chargeable reversal transaction is for returned investment checks. The following is a current list of chargeable transactions: ================================================================================ Description Transaction Type Sub Code Literal Code ================================================================================ Incoming Wires PUR ▇▇ ▇▇ ================================================================================ Wire Order Purchases WOF 01 00 ================================================================================ Check Purchases PUR ▇▇ ▇▇ ================================================================================ ▇▇▇ ▇▇ ▇▇ ================================================================================ PUR 01 05 ================================================================================ PUR 01 08 ================================================================================ PUR 01 09 ================================================================================ PUR 07 00 ================================================================================ PUR 07 01 ================================================================================ PUR 08 00 ================================================================================ PUR 09 00 ================================================================================ PUR 09 01 ================================================================================ PUR 09 14 ================================================================================ PUR 10 00 ================================================================================ PUR 14 00 ================================================================================ PUR 15 00 ================================================================================ PUR 16 01 ================================================================================ PUR 22 00 ================================================================================ Description Transaction Type Sub Code Literal Code ================================================================================ PUR 01 97 ================================================================================ PUR 01 98 ================================================================================ PUR 26 00 ========================================...
View SourceView Similar (6)
Monetary Transactions. 4.1. The Author will be paid a one-time flat fee of $<tbd based on word count> 4.2. The Author will be entitled to no royalties.
View Source
Monetary Transactions. The OSJD may receive and hold any kind of funds, currency, cash or securities. It may dispose of them for any purpose provided for by the Convention or any decisions taken by the governing bodies of the OSJD and hold accounts in any currency to the extent required to meet its obligations.
View Source

Related to Monetary Transactions

  • Extraordinary Transactions Except for those purchases, acquisitions and other transactions described in Schedule 3 attached hereto, all of the Collateral has been originated by each Company in the ordinary course of business or consists of goods which have been acquired by such Company in the ordinary course of business from a person in the business of selling goods of that kind.

  • Treasury Transactions No Obligor shall (and the Company will procure that no members of the Group will) enter into any Treasury Transaction, other than: (a) any Treasury Transaction documented by a Hedging Agreement provided that such Hedging Agreement is entered into in the ordinary course of business and not for speculative purposes; (b) spot and forward delivery foreign exchange contracts entered into in the ordinary course of business and not for speculative purposes; and (c) any Treasury Transaction entered into for the hedging of actual or projected real exposures arising in the ordinary course of business and not for speculative purposes.

  • Ancillary Traffic All traffic that is destined for ancillary services, or that may have special billing requirements, including but not limited to the following: Directory Assistance, 911/E911, Operator Services (IntraLATA call completion), IntraLATA third party, collect and calling card, 800/888 database query, LIDB, and Voice Information Services Traffic as described in Section 5 of the Additional Services Attachment.

  • Involuntary Transfers Any transfer of title or beneficial ownership of Interests or Special Membership Interests, as applicable, upon default, foreclosure, forfeit, divorce, court order or otherwise than by a voluntary decision on the part of a Management Member, Outside Investor Member or Other Investor Member (each, an "Involuntary Transfer") shall be void unless such Management Member, Outside Investor Member or Other Investor Member complies with this Section 13.6 and enables the Company to exercise in full its rights hereunder. Upon any Involuntary Transfer, the Company shall have the right to purchase such Interests or Special Membership Interests, as applicable, pursuant to this Section 13.6 and the person or entity to whom such Interests or Special Membership Interests, as applicable, have been Transferred (the "Involuntary Transferee") shall have the obligation to sell such Interests or Special Membership Interests, as applicable, in accordance with this Section 13.6. Upon the Involuntary Transfer of any Interest or Special Membership Interests, as applicable, such Management Member, Outside Investor Member or Other Investor Member shall promptly (but in no event later than two days after such Involuntary Transfer) furnish written notice to the Company indicating that the Involuntary Transfer has occurred, specifying the name of the Involuntary Transferee, giving a detailed description of the circumstances giving rise to, and stating the legal basis for, the Involuntary Transfer. Upon the receipt of the notice described in the preceding sentence, and for 60 days thereafter, the Company shall have the right to purchase, and the Involuntary Transferee shall have the obligation to sell, all (but not less than all) of the Interests and Special Membership Interests acquired by the Involuntary Transferee for a purchase price equal to the lesser of (i) the Fair Market Value of such Interests or Special Membership Interests, as applicable, and (ii) the amount of the indebtedness or other liability that gave rise to the Involuntary Transfer plus the excess, if any, of the Carrying Value of such Interests or Special Membership Interests, as applicable, over the amount of such indebtedness or other liability that gave rise to the Involuntary Transfer. For purposes of this Agreement, "Carrying Value", with respect to any outstanding Special Membership Interest, means the value equal to the Special Membership Interest Funds advanced by the applicable selling Management Member, Outside Investor Member or Other Investor Member in respect of any such outstanding Special Membership Interest (plus any portion of accrued and unpaid interest on the applicable pro rata outstanding portion of the Bulk Advances that is allocable to the applicable Member pursuant to Section 10.8), less principal amounts paid to such Member in respect of such Member's Special Membership Interest.

  • Voluntary Transfers A voluntary transfer is the voluntary movement of an employee from one worksite or school to another worksite or school. Any member of the Bargaining Unit shall have the right to request a voluntary transfer.