MT Payment Order definition
MT Payment Order means any electronic or other message utilized by a financial institution to instruct the Bank to make a payment of a certain amount to an MT Beneficiary, which message may be: (i) a SWIFT MT102, SWIFT MT102+, SWIFT MT103, SWIFT MT103+ or any other MT100-series message under the SWIFT message system or (ii) any other type of message, including one sent via telex or the internet, that may be utilized to send such an instruction (in each case, including any type of message that may replace or be utilized in substitution for any of the foregoing). Should the SWIFT payment order system or SWIFT MT102, SWIFT MT102+, SWIFT MT103 or SWIFT MT103+ payment orders no longer be used or be available for these types of transfers, or if the SWIFT payment order system or such payment orders are available but the Bank begins to use alternative transfer methods, for the purposes hereof, MT Payment Orders shall include all of the types or classes of payment to be received by the Bank, including internet transactions, that (if such payments were to have been made on the Closing Date) would have qualified to be notified to the Bank by such means. “MT Payor” shall mean the financial institution making an MT Payment to the Bank.