Recurring Payments. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing date is calculated for the next occurrence of the payment. If the calculated processing date is not a Business Day, it is adjusted based upon the following rules: o If the recurring payment’s “Pay Before” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing date. o If the recurring payment’s “Pay After” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date after the calculated processing date.
Appears in 2 contracts
Sources: Electronic Services Agreement, Electronic Services Agreement
Recurring Payments. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing date is calculated for the next occurrence of the payment. If the calculated processing date is not a Business Daynon-business date (generally weekends and certain holidays), it is adjusted based upon the following rules: o If the recurring payment’s “Pay Before” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing date. o If the recurring payment’s “Pay After” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date after the calculated processing date.
Appears in 2 contracts
Sources: Online Banking, Billpay & Electronic Services Agreement, Online Banking, Billpay & Electronic Services Agreement
Recurring Payments. When a recurring payment is processed, processed it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing process date is calculated for the next occurrence of the payment. If the calculated processing process date is not a Business Day, non-business date (weekends and federal holidays) it is adjusted based upon the following rules: o • If the recurring payment’s “Pay Before” option is selected, the processing process date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing process date. o • If the recurring payment’s “Pay After” option is selected, the processing process date for the new occurrence of the payment is adjusted to the first business date after the calculated processing process date.
Appears in 2 contracts
Sources: Depositor/Member Agreement, Depositor/Member Agreement
Recurring Payments. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing date is calculated for the next occurrence of the payment. If the calculated processing date is not a Business Daynon-business date (generally weekends and holidays), it is adjusted based upon the following rules: o If the recurring payment’s “Pay Before” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing date. o If I f the recurring payment’s “Pay After” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date after the calculated processing date.
Appears in 1 contract
Sources: Billpay Service Agreement
Recurring Payments. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing date is calculated for the next occurrence of the payment. If the calculated processing date is not a Business Day, it is adjusted based upon the following rules: o • If the recurring payment’s “Pay Before” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing date. o • If the recurring payment’s “Pay After” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date after the calculated processing date.
Appears in 1 contract
Sources: Electronic Services Agreement
Recurring Payments. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing date Send Date is calculated for the next occurrence of the payment. If the calculated processing date Send Date is not a Business Day, it is adjusted based upon the following rules: o • If the recurring payment’s “Pay Before” option is selected, the processing date Send Date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing dateSend Date. o • If the recurring payment’s “Pay After” option is selected, the processing date Send Date for the new occurrence of the payment is adjusted to the first business date after the calculated processing dateSend Date.
Appears in 1 contract
Sources: Electronic Services Agreement
Recurring Payments. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing date is calculated for the next occurrence of the payment. If the calculated processing date is not a Business Daynon-business date (generally weekends and certain holidays), it is adjusted based upon the following rules: o If the recurring payment’s “Pay Before” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing date. o If the recurring payment’s “Pay After” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date after the calculated processing date.
Appears in 1 contract
Sources: Bill Payment Service Agreement
Recurring Payments. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing date is calculated for the next occurrence of the payment. If the calculated processing date is not a Business Daynon-business day, it is adjusted based upon the following rules: o If the recurring payment’s “Pay Before” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business day date prior to the calculated processing date. o If the recurring payment’s “Pay After” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date day after the calculated processing date. month for processing and that day does not exist in the month of the calculated processing date, then the last calendar day of that month is used as the calculated processing date.
Appears in 1 contract
Sources: Online Banking Service Agreement
Recurring Payments. When a recurring payment is processed, processed it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing process date is calculated for the next occurrence of the payment. If the calculated processing process date is not a Business Day, non-business date (weekends and federal holidays) it is adjusted based upon the following rules: o • If the recurring payment’s “Pay Before” option is selected, the processing process date for the new occurrence of the payment pay- ment is adjusted to the first business date prior to the calculated processing process date. o • If the recurring payment’s “Pay After” option is selected, the processing process date for the new occurrence of the payment is adjusted to the first business date after the calculated processing process date.
Appears in 1 contract
Sources: Bill Pay Agreement
Recurring Payments. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing process date is calculated for the next occurrence of the payment. If the calculated processing process date is not a Business Daynon-business date (generally weekends and certain holidays), it is adjusted based upon the following rules: o If the recurring payment’s “payment‘s "Pay Before” " option is selected, the processing process date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing process date. o If the recurring payment’s “"Pay After” " option is selected, the processing process date for the new occurrence of the payment is adjusted to the first business date after the calculated processing process date.
Appears in 1 contract
Sources: Bill Pay Agreement
Recurring Payments. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing process date is calculated for the next occurrence of the payment. If the calculated processing process date is not a Business Daynon- business date (generally weekends and certain holidays), it is adjusted based upon the following rules: o * If the recurring payment’s “payments "Pay Before” " option is selected, the processing process date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing process date. o * If the recurring payment’s “payments "Pay After” " option is selected, the processing process date for the new occurrence of the payment is adjusted to the first business date after the calculated processing process date.. 12. Stopping or Modifying Bill
Appears in 1 contract
Sources: Online Bill Payment Agreement
Recurring Payments. When a recurring payment is processed, it is automatically rescheduled by the system. Based upon your selected frequency settings for the payment, a processing date is calculated for the next occurrence of the payment. If the calculated processing date is not a Business Daynon-business date (generally weekends and holidays), it is adjusted based upon the following rules: o • If the recurring payment’s “Pay Before” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date prior to the calculated processing date. o • If the recurring payment’s “Pay After” option is selected, the processing date for the new occurrence of the payment is adjusted to the first business date after the calculated processing date.
Appears in 1 contract
Sources: Billpay Service Agreement