Outgoing Payment Transactions Sample Clauses

The Outgoing Payment Transactions clause defines the rules and procedures governing payments made by one party to another under the agreement. It typically outlines the methods of payment, timing, and any required documentation or approvals for funds to be transferred. This clause ensures that all outgoing payments are handled in a consistent and transparent manner, reducing the risk of disputes or delays related to financial transactions.
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Outgoing Payment Transactions. Finductive undertakes to transfer funds to a Payee from the Account Holder’s Payment Account at the submission of the Account ▇▇▇▇▇▇’s Payment Order.
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Outgoing Payment Transactions. Finductive undertakes to transfer funds to a Payee from the Account Holder’s Payment Account at the submission of the Account ▇▇▇▇▇▇’s Payment Order. 4.2.1. Submission of Payment Orders A Payment Order will be deemed to be submitted once it is inputted and authorised as prompted on the Platform. In order to make a Payment Order, the Account Holder has to provide Finductive with the following information: Beneficiary Name Beneficiary International Bank Account Number (IBAN) (or account number if resident in non-IBAN countries) Bank Identifier Code (BIC) Beneficiary Address Currency and Value Payment description and Other supporting documents as requested. All Payment Orders are initiated through the Portal. At the end of the process of a Payment Order on the Portal, the Account Holder will be provided with an irrevocable instruction to sign. This will be the Account Holder’s consent for us to process the Payment Order. Information pertaining to a particular Payment Order, including the applicable fees and charges are available before a payment is made. The Account Holder may however, at any time, make a request to Finductive in order to obtain the following information on an individual Payment Order: the maximum execution time the charges payable by the Account Holder a breakdown of the amounts of the Fees and any charge The following are the different kinds of outward payments which can be done from a Payment Account:
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Related to Outgoing Payment Transactions

  • Closing Payments At the Closing, Buyer will pay or cause to be paid from the Closing Purchase Price as set forth in the Pre-Closing Statement, subject to any mutually agreed adjustments determined by Buyer and Seller pursuant to Section 3.4(a), the following amounts to Seller or such other Persons as follows: (a) the Financial Debt as set forth in the Payoff Letters and the unpaid Transaction Expenses in accordance with the payment instructions delivered by Seller to Buyer before the Closing; (b) an amount equal to 66.67% of the Closing Cash Consideration (the “Closing Cash Payment”) via wire transfer to the bank accounts designated by Seller to Buyer in writing at least five (5) Business Days prior to the Closing Date, which may be the accounts of the Members (the “Member Bank Accounts”), or the Seller (the “Seller’s Bank Account”) to be paid to Seller or, to the extent designated in accordance with Section 3.11, to the Members in accordance with their respective Pro Rata Percentages; (c) Parent will issue to Seller, or, to the extent designated by Seller in writing at least five (5) Business Days prior to the Closing Date and in accordance with Section 3.11, to the Members in accordance with their respective Pro Rata Percentages, a number of shares of unregistered common stock, par value $0.001 per share, of Parent (“Parent Common Stock”) equal to 85.00% of the Stock Value divided by the Per Parent Share Price (the “Closing Stock Payment”); (d) Parent will deposit with the Escrow Agent a number of shares of unregistered Parent Common Stock equal to 15.00% of the Stock Value divided by the Per Parent Share Price (the “Indemnity Escrow Shares”) in an account to be established by the Escrow Agent in accordance with the Escrow Agreement (the “Escrow Account”).

  • Closing Payment At the Closing, Buyer will pay or cause to be paid to Seller the Closing Payment Amount, by wire transfer of immediately available funds or by such other means as may be agreed upon by Seller and Buyer.

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).