Transfer cutoff time Clause Samples

The Transfer Cutoff Time clause establishes a specific deadline by which transfer instructions or requests must be received to be processed on the same business day. In practice, this means that any transfer requests submitted after the designated cutoff time will be processed on the next business day, affecting the timing of fund movements or asset transfers. This clause ensures operational clarity and helps manage expectations regarding the timing of transfers, thereby reducing disputes and administrative confusion related to late submissions.
Transfer cutoff time. The current transfer cutoff time is listed on the Online Banking Service and may be changed by us without notice. A change is effective immediately.
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Transfer cutoff time. The current transfer cutoff time is listed on myTrustmark℠ and may be changed by us without notice. A change is effective immediately.
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Transfer cutoff time. We must receive your instruction to initiate a Bank-to-Bank Transfer prior to the following cutoff times. If we do not receive your instruction before that time, we cannot process the transaction until the next business day. a. Standard Inbound and Outbound 1:00 a.m. EST (12:00 a.m. CST) b. Next Day Inbound and Outbound 8:00 p.m. EST (7:00 p.m. CST)
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Related to Transfer cutoff time

  • Cut-off Times Bank has established cut-off times for receipt of some categories of Instruction, which shall be made available to Customer. If Bank receives an Instruction after its established cut-off time, it shall attempt to act upon the Instruction on the day requested if Bank deems it practicable to do so or otherwise as soon as practicable on the next business day.

  • Transfer Date In the event the Interim Servicer is terminated as servicer of a Mortgage Loan pursuant to the Interim Servicing Agreement, the date on which the Purchaser, or its designee, shall receive the transfer of servicing responsibilities and begin to perform the servicing of such Mortgage Loans, and the Interim Servicer shall cease all servicing responsibilities.

  • Paid Time Off (PTO) Executive shall earn and accrue paid-time-off covering vacation and sick time benefits at the rate of twenty (20) days per year for employment periods of up to five years of service. The PTO accrual rate shall automatically increase by five (5) additional days for each additional 5 years of service up to maximum of thirty (30) days per year after 10 years of service. For example, after five years of service, the annual PTO accrual rate shall increase to twenty-five (25) days. Unused PTO shall carry over to the next year, but Executive shall cease accruing further PTO at any time Executive has accrued two times his annual accrual rate. Unused PTO days which are not in excess of two-times the annual accrual rate shall be paid in a cash lump sum payment promptly after Executive’s termination of employment.

  • Remittance Date The 18th day (or if such 18th day is not a Business Day, the first Business Day immediately following) of any month.

  • Guest Ledger Subject to (f) below, all accounts receivable of registered guests at the Hotel who have not checked out and were occupying rooms as of the Cutoff Time, shall be prorated as provided herein.