Processing Procedures Sample Clauses
The Processing Procedures clause defines the specific methods and protocols that must be followed when handling data or information within the scope of an agreement. It typically outlines steps such as data collection, storage, access controls, and deletion, and may specify roles and responsibilities for each party involved in processing. By establishing clear procedures, this clause ensures that data is managed consistently and securely, reducing the risk of errors, unauthorized access, or non-compliance with legal requirements.
Processing Procedures. Submit Proposals to the Engineer or his duly authorized representative. The Department will process Proposals expeditiously; however, the Department is not liable for any delay in acting upon a Proposal submitted pursuant to this Subarticle. The Contractor may withdraw, in whole or in part, a Proposal not accepted by the Department within the period specified in the Proposal. The Department is not liable for any Proposal development cost in the case where the Department rejects or the Contractor withdraws a Proposal.
Processing Procedures. Two copies of each VECP shall be submitted to the County’s Project Manager, or his/her duly authorized representative, VECPs will be processed expeditiously; however, the County will not be liable for any delay in acting upon a VECP submitted pursuant to this Section. The Contractor may withdraw, in whole or in part, a VECP not accepted by the County within the period specified in the VECP. The County shall not be liable for any VECP development cost in the case where a VECP is rejected or withdrawn. The County shall be the sole judge of the acceptability of a VECP and of the estimated net savings in construction and/or collateral costs from the adoption of all or any part of such proposal. In determining the estimated net savings, the right is reserved to disregard the Contract prices if, in the judgment of the County , such prices do not represent a fair measure of the value of Work to be performed or to be deleted. Prior to approval, the County may modify a VECP, with the concurrence of the Contractor , to make it acceptable. If any modification increases or decreases the net savings resulting from the VECP, the Contractor's fair share will be determined upon the basis of the VECP modified and upon determination of final quantities. The net savings shall be computed by subtracting the revised total cost of all bid items affected by the VECP design from the total cost of the same bid items as represented in the Contract Documents. Prior to approval of the VECP, which initiates the supplemental Contract, the Contractor shall provide acceptable contract quality Plan sheets revised to show all details consistent with the VECP design.
Processing Procedures. Each Item found to be acceptable after inspection in accordance with Section 4 above, and all Cash Substitution Documents, will be processed pursuant to Bank’s then current procedures as instructed by Client as set forth in the Implementation Forms and as follows:
Processing Procedures. Customer agrees to comply with all processing and operating procedures set forth in any User Guide. Without limiting the foregoing, Customer agrees to adhere to the following minimum procedures:
i. Checks deposited into an RDC Account must be payable to Customer, unless Customer and Bank have entered into a separate written agreement that authorizes Customer to deposit third-party checks. Customer shall properly endorse all checks using a Bank-approved endorsement stamp prior to imaging. Endorsements shall be placed in black or dark ink on the back of each check, within the area designated by the Federal Reserve Board’s Regulation CC, 12 C.F.R. Part 229.
ii. Customer must properly scan and transmit all information from the front and back of the original check. The RDC Service will reject any items received from Customer that cannot be processed by Bank or its designated processor due to image or MICR quality concerns. Customer agrees to be available to rescan or otherwise present original checks for those items that cannot be processed due to image, MICR or other quality concerns.
iii. Customer may create, approve and submit deposits up to the Bank-established cut-off time. Customer understands and agrees that any deposit not submitted by Customer prior to the Bank-established cut-off time will be considered received by Bank on the next Business Day following Customer approval.
iv. Only United States dollar-denominated checks drawn on United States banks may be deposited via the RDC Services. Bank assumes no responsibility for any check drawn on a non-United States bank or checks payable in any currency other than United States dollars (“non- conforming items”) that are deposited via the RDC Service, and Customer shall indemnify Bank for any Losses suffered by Bank as a result of processing any non-conforming item.
Processing Procedures. Nothing herein shall be deemed to prevent the City from enacting or adopting changes in the methods and procedures for processing Improvement Plans, subdivision maps, and parcel maps so long as such changes do not preclude or materially burden Owner's realization of the rights conferred under the Collective Standards.
Processing Procedures. Items found acceptable for deposit under Section 2 of this Exhibit A will be encoded, photocopied, endorsed and deposited into the Deposit Account. The endorsement will be the standard endorsement for lockbox items as used by the Financial Institution from time to time, and this endorsement will function as the endorsement of the payee of the item. In order to maximize daily receipts and funds availability, the Financial Institution will make deposits throughout the day in anticipation of major check clearing deadlines. The Financial Institution will send the following to the Debtor in accordance with the Financial Institution's customary and standard practices for maintenance of a Deposit Account:
(a) photocopies of deposited items and the original accompanying papers.
(b) one deposit ticket copy for each deposit.
(c) except as set forth in Section 2(g) of this Exhibit A, original items unacceptable for deposit under Section 2 of this Exhibit A, accompanying papers and other miscellaneous written communications received through the lockbox.
Processing Procedures. 1. On each Business Day, Nationwide may receive Instructions from the contract owner for the purchase or redemption of shares of the Funds based solely upon receipt of such Instructions prior to the Close of Trading on that Business Day. Instructions in good order received by Nationwide prior to the close of trading on any given Business Day (generally, 4:00 p.m. ET (the "Trade Date") and transmitted to the Distributor by no later than 9:30 a.m. ET the Business Day following the Trade Date ("Trade Date plus One" or "T+1"), will be executed at the NAV ("Share Price") of each applicable Fund, determined as of the Close of Trading on the Trade Date.
2. By no later than 6:00 p.m. ET on each Trade Date ("Price Communication Time"), the Distributor will use its best efforts to communicate to Nationwide via electronic transmission acceptable to both parties, the Share Price of each applicable Fund, as well as dividend and capital gain information and, in the case of funds that credit a daily dividend, the daily accrual or interest rate factor, determined at the Close of Trading on that Trade Date.
3. As noted in Paragraph 1 above, by 9:30 a.m. ET on T+1 ("Instruction Cutoff Time") and after Nationwide has processed all approved transactions, Nationwide will transmit to the Distributor via facsimile, telefax or electronic transmission or system-to-system, or by a method acceptable to Nationwide and the Distributor, a report (the "Instruction Report") detailing the Instructions that were received by Nationwide prior to the Funds' daily determination of Share Price for each Fund (i.e., the Close of Trading) on Trade Date.
(a) It is understood by the parties that all Instructions from the contract owner shall be received and processed by Nationwide in accordance with its standard transaction processing procedures. Nationwide or its designees shall maintain records sufficient to identify the date and time of receipt of all contract owner transactions involving the Funds and shall make or cause to be made such records available upon reasonable request for examination by the Funds or its designated representative or, by appropriate governmental authorities. Under no circumstances shall Nationwide change, alter or modify any Instructions received by it in good order.
(b) Following the completion of the transmission of any Instructions by Nationwide to the Distributor by the Instruction Cutoff Time, Nationwide will verify that the Instruction was received by the Distribut...
Processing Procedures. The purchase, redemption and settlement of Shares of a Fund will normally follow the Fund/SERV-Defined Contribution Clearance and Settlement Service ("DCCS") Processing Procedures below and the rules and procedures of the SCC Division of the National Securities Clearing Corporation ("NSCC") shall govern the purchase, redemption and settlement of Shares of the Funds through NSCC by the Dealer. In the event of equipment failure or technical malfunctions or the parties' inability to otherwise perform transactions pursuant to the FUND/SERV Processing Procedures, or the parties' mutual consent to use manual processing, the Manual Processing Procedures below will apply. It is understood and agreed that, in the context of Section 22 of the 1940 Act and the rules and public interpretations thereunder by the staff of the Securities and Exchange Commission (SEC Staff), receipt by the Dealer of any Instructions from the Client-shareholder prior to the Close of Trade on any Business Day shall be deemed to be receipt by the Funds of such Instructions solely for pricing purposes and shall cause purchases and sales to be deemed to occur at the Share Price for such Business Day, except as provided in 4(c) of the Manual Processing Procedures. Each Instruction shall be deemed to be accompanied by a representation by the Dealer that it has received proper authorization from each Client-shareholder whose purchase, redemption, account transfer or exchange transaction is effected as a result of such Instruction.
Processing Procedures. Items found acceptable for deposit under Paragraph (d) above will be encoded, photocopied, endorsed and deposited into the Account each Business Day. The endorsement will read substantially as follows: "Manufacturers Bank Lockbox Service Deposit to the credit of the within named payee," and this endorsement will function as the endorsement of the payee of the Item.
Processing Procedures. Certified Hospitality Educator (CHE)