Common use of Wire Transfer Orders Clause in Contracts

Wire Transfer Orders. Wire transfer orders to a single destination, which the Clients have authorized Mellon in writing to accept as a repetitive order, shall not be subject to the following call-back procedure. The Custodian shall accept wire transfer orders only if two Authorized Persons have signed the applicable Instructions. In addition, Custodian shall, prior to executing a particular wire transfer order, call back an Authorized Party who signed such Instructions, to confirm such wire transfer orders.

Wire Transfer Orders. Wire transfer orders to a single destination, which the Clients have authorized Mellon in writing to accept as a repetitive order, shall not be subject to the following call-back procedure. The Custodian shall accept wire transfer orders only if two Authorized Persons Parties have signed the applicable Instructions. In addition, Custodian shall, prior to executing a particular wire transfer order, call back an Authorized Party, other than an Authorized Party who signed such Instructions, to confirm such wire transfer orders.