Common use of Transmittal Clause in Contracts

Transmittal. All payment orders from you must be received by the Bank on a business day by 1:00 p.m. MST. Payment orders shall be deemed received by the Bank only when received in compliance with this Agreement. If payment order from you is received by the Bank after the cut-off time on a business day, such payment order shall be treated as being received by the Bank at the opening of the Bank’s next business day.

Transmittal. All payment orders from you must be received by the Bank on a business day by 1:00 2:45 p.m. MST. Payment orders shall be deemed received by the Bank only when received in compliance with this Agreement. If payment order from you is received by the Bank after the cut-off time on a business day, such payment order shall be treated as being received by the Bank at the opening of the Bank’s next business day.