Authorized Transaction definition
Examples of Authorized Transaction in a sentence
With respect to any Authorized Transaction, the Advisor may take any and all action necessary or desirable to effect such Authorized Transaction, including but not limited to (A) placing an order with a broker named in the Broker List for the execution of the Authorized Transaction and (B) issuing to the Trustee such instructions as may be appropriate in connection with the settlement of such Authorized Transaction.
The designation of a transaction as an Authorized Transaction hereunder shall be binding against the Trustee and the Authorized Transaction shall remain validly approved and authorized until the earlier of (AA) the time that it is expressly countermanded by Valid Notice from the Trustee to the Advisor or (BB) at the end of the twentieth (20th) business day following its designation as an Authorized Transaction.
A transaction shall become an "Authorized Transaction" when it is (A) approved pursuant to the Trustee's Response or (B) deemed approved pursuant to Section 4(c)(ii).
A transaction shall become an ----------------------- "Authorized Transaction" when it is (A) approved pursuant to the Trustee's Response or (B) deemed approved pursuant to Section 4(c)(ii).
With respect to any Authorized -------------------- Transaction, the Advisor may take any and all action necessary or desirable to effect such Authorized Transaction, including but not limited to (A) placing an order with a broker named in the Broker List for the execution of the Authorized Transaction and (B) issuing to the Trustee such instructions as may be appropriate in connection with the settlement of such Authorized Transaction.
In many cases the amount of the hold requested by the merchant on an Authorized Transaction will be the same as the amount of the actual transaction; however, this may not be the case in those instances where the final transaction amount is not known at the time that the pre-authorization is requested (such as an Authorized Transaction made at a hotel, restaurant, gas station or similar merchant).
You agree that we will not be liable to you for wrongful dishonor of any check, Debit Card transaction, ATM card transaction, ACH transfer, withdrawal or other debit Item on your account that is not paid by us or is returned by us unpaid due to a pre- authorized hold during the period of time the hold is in place, even if the Authorized Transaction has posted to your account.
The hold will last until the earlier of the expiration of the hold period or the Business Day we pay the Authorized Transaction on your account.
If the Authorized Transaction is not presented for payment within the hold period, we will release the hold, which will increase the Available Balance in your account by the amount of the Authorized Transaction until the Authorized Transaction is presented for payment.
In these cases, the amount of the hold may be more or less than the amount of the actual transaction, and you acknowledge that there is no way for our processing systems to know whether the hold amount and the actual transaction amount are the same until such time as the Authorized Transaction is presented for payment.