MT Payment definition
MT Payment means any payment made from time to time by an MT Payor to the Bank in consideration of which the Bank incurs an obligation to make either a corresponding deposit to an account of an MT Beneficiary at the Bank or a payment to an MT Beneficiary that is (or is of the type that qualifies to be) notified to the Bank via an MT Payment Order (which obligation of the Bank is in no way altered by the transactions contemplated by the Transaction Documents).
Examples of MT Payment in a sentence
The Bank shall (i) make (or make available) the appropriate payment relating to each Remittance Payment and each MT Payment to the applicable DPR Payee within the framework of its customary business practice (and, in each case, in accordance with any Applicable Law).
Quality Parameter Percentage Moisture 10% FM 3% DM 3% Gross Weight 50 MT Payment terms &Delivery Conditions After trade confirmation by seller, buyer have option of taking delivery of minimum 10MT and multiply of 10MT as per request from buyer taking delivery order buyer have to pay the amounts of goods in kisaanyard account, after that seller will provide the release order for the requested Qty.