Outgoing Wires Sample Clauses
The Outgoing Wires clause defines the procedures and requirements for sending funds electronically from one party to another, typically via wire transfer. It usually specifies the necessary banking information, timing, and any responsibilities for ensuring the accuracy of payment instructions. This clause helps prevent errors and disputes by clarifying how outgoing payments should be handled and who bears the risk if incorrect information is provided.
Outgoing Wires. Generation of Manual Wires and the release of Expedited Wires processed through plan liquidations ..
Outgoing Wires. During any period in which the ratio of Liquidity Ratio set forth in Section 6.7(a) is less than 2.0 to 1.0, Borrower will not wire any funds from its deposit accounts other than wire transfers to the account debtors and freight providers listed on the Schedule, without the prior approval of Bank. It being understood that as of the end of each fiscal quarter, Borrower may amend or modify the list of account debtors and freight providers set forth on the attached Schedule by written notice to Bank.
Outgoing Wires. Customer authorizes and directs Provident to honor and act upon all Funds Transfer instructions received by Provident. Instructions received by Provident shall be deemed delivered by Customer. Provident is not obligated to honor Funds Transfer requests and has the right to reject any Funds Transfer request for any reason the Bank determines in its sole discretion including, but not limited to, insufficient funds, Provident’s inability to verify the authenticity of the Funds Transfer request or Provident’s inability to execute the Funds Transfer for any reason beyond the Bank’s control. If Provident determines not to honor a Funds Transfer Request, Provident will endeavor to notify you, but shall have no liability for delay or failure to do so. PROVIDENT SHALL NOT BE LIABLE FOR ANY DAMAGES OR LOSS SUSTAINED BY CUSTOMER OR ANY THIRD PARTY FOR PROVIDENT’S REFUSAL, FOR ANY REASON, TO HONOR A REQUEST FOR A FUNDS TRANSFER.
Outgoing Wires. Section 7.13 of the Original Agreement is hereby amended in its entirety to read as follows:
Outgoing Wires. If you wire funds from your Account, then such wires will be subject to the Bank’s Funds Transfer Agreement, which you agree to when requesting such wire. If the wired funds are from an Account that is not a Foreign Currency Account and are to be in a Foreign Currency, then you agree that the Bank may debit your Account in an amount equal to the U.S. Dollar equivalent of the Foreign Currency at the current Exchange Rate selected by the Bank, in its sole discretion, and all fees and charges applicable to such conversion and wire.