Common use of Processing Schedule Clause in Contracts

Processing Schedule. Each payment you initiate will have a "Send On" date, which represents the business date by which you want to initiate the payment. Upon payment initiation, Payables+ will process the payment on the "Send On" date if possible or the next Business Day. For processing cutoff times for each type of payment see the operating procedures/user guide.

Processing Schedule. Each payment you initiate will have a "Send On" date, which represents the business date by which you want to initiate the payment. Upon payment initiation, Payables+ will process the payment on the "Send On" date if possible or the next Business Day. For processing cutoff times for each type of payment see the operating procedures/user guide. [NOTE: Be sure to add processing cut-off times to user guide.]