Refusal of Payment Order Sample Clauses

Refusal of Payment Order. We may decline to accept a Payment Order. We will inform you as soon as practical if that is the case and in any event, no later than the next Business Day of: (a) the refusal; (b) if we are permitted to do so by Applicable Law, the reason for the refusal; and (c) where the reasons for the refusal relate to factual matters, the procedure for rectifying any factual errors. Where you have sent us funds to carry out a Payment Order but we cannot accept the Payment Order for the reasons set out above, we will return such funds to you without undue delay unless we are not able to do so as a result of Applicable Law.
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Refusal of Payment Order. 8.1. The Bank may reject executing the payment order of the customer if it deems necessary. In this case, the Bank informs the Customer about the reasons of rejection until the end of the working day following the receiving of payment order via the communication information of the customer registered in the Bank. In the cases of rejection of the payment order by the Bank, the incorrect or deficient payment order; how the incorrect payment order causing the rejection can be corrected is determined and the customer is informed via the communication information of the customer registered in the Bank. 8.2. If the Bank rejects executing a payment order with a valid reason, it shall inform the customer about the reason of rejection and how the incorrect payment order causing the rejection should be corrected if any, within the shortest period with the method indicated in this agreement and until the end of the working day at latest following the receiving of payment order in any case for a fee stated in the Information Form on the Fees Received from the Payment Services which is an annex and inseparable part of this agreement. 8.3. The Bank may demand a fee from a customer stated in the Information Form on the Fees Received from the Payment Services which is an annex and inseparable part of this agreement to take back the indicated funds in incorrect payment transaction.
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Related to Refusal of Payment Order

  • Reversal of Payments To the extent the Borrower makes a payment or payments to the Administrative Agent for the ratable benefit of the Lenders or the Administrative Agent receives any payment or proceeds of the collateral which payments or proceeds or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to a trustee, receiver or any other party under any bankruptcy law, state or federal law, common law or equitable cause, then, to the extent of such payment or proceeds repaid, the Obligations or part thereof intended to be satisfied shall be revived and continued in full force and effect as if such payment or proceeds had not been received by the Administrative Agent.

  • Cancellation of Payment Orders The Fund may cancel a payment order but the Custodian shall have no liability for the Custodian’s failure to act on a cancellation instruction unless the Custodian has received such cancellation instruction at a time and in a manner affording the Custodian reasonable opportunity to act prior to the Custodian’s execution of the order. Any cancellation shall be sent and confirmed in the manner set forth in Paragraph 2 above.

  • Confirmation of Payment The Administrative Agent and the Lenders will, upon request after payment of the Credit Party Obligations which are the subject of this Guaranty and termination of the Commitments relating thereto, confirm to the Borrower, the Guarantors or any other Person that such indebtedness and obligations have been paid and the Commitments relating thereto terminated, subject to the provisions of Section 10.2.

  • Restriction of payment An employee shall not be entitled to payment for inclement weather as provided for in this clause unless the employee remains on the job until the provisions set out in this clause have been observed.

  • Receipt of Payment The Company shall have received payment, by certified or other bank check or by wire transfer of immediately available funds, in the full amount of the purchase price for the number of Shares being purchased by such Purchaser at such Closing.