Repetitive Transfer definition

Repetitive Transfer means wire transfers in which the receiving bank, payee, and account are the same for each transfer, and only the transfer date and amount vary.
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Repetitive Transfer means a W ire Transfer Request made routinely with standard instructions and to the same beneficiary pursuant to which the date and dollar amount of the transfer may vary with each request.
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Repetitive Transfer means wire transfers in which the receiving Bank, payee, and account are the same for each transfer, and only the transfer date and amount vary. “Request” means a Customer’s request to Bank for an Online Wire Transfer, or for a cancellation or amendment of an Online Wire Transfer, made in the name, or having the unique identifier, of Customer as sender requesting that funds belonging to, or under the control of Customer to be transferred to a specified account or beneficiary. Capitalized terms used in this Section B.3., but not defined in this Section B.3. or Section A, shall have the meaning assigned to them by applicable Pennsylvania law or, if none, by Federal Reserve Board Regulation J.
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Examples of Repetitive Transfer in a sentence

  • Repetitive Transfer Templates and non-repetitive Payment Order must be created or initiated and then confirmed by an OLBB Authorized Representative designated by the Corporate Administrator employing a Security Device furnished by Bank (provided that Security Devices are not required for creation and confirmation of Cross-Border Transfers).

  • Bank’s standard Security Procedures for electronic Payment Orders via OLBB are to require that each Repetitive Transfer Template and each non-repetitive Payment Order created or initiated on the OLBB system be confirmed using a different User ID and User Password than the User ID and User Password used to create or initiate the Repetitive Transfer Template or non-repetitive Payment Order.

  • In the event Customer elects to utilize the Repetitive Transfer option, Customer may vary the date and amount of the Payment Order; however, accounts designated to be debited and credited may not vary.

  • Customer shall be responsible for the creation of all Repetitive Transfer templates.

  • Customer may initiate Payment Orders on a random, as needed basis ("Standard Transfer") and/or may establish a predetermined, preauthorized schedule of Payment Orders ("Repetitive Transfer").

  • Each such Repetitive Transfer will be assigned a unique alpha and/or numeric code (“Repetitive Identification Number”) and shall be required by Bank when requests for Repetitive Transfers are communicated to Bank.

  • Regardless of the method used to cancel your Repetitive Payment or Repetitive Transfer, we must receive your request three (3) Business Days or more before the scheduled Payment Date of the Repetitive Payment or Repetitive Transfer.

  • A set of such instructions is included in the Repetitive Transfer Authorization form which covers pre‐ authorized transfers of a repetitive nature where the debit and credit parties remain the same and only the date, dollar amount, and/or descriptive fields are variable (“Repetitive Transfers”).

  • Customer agrees to release and hold Bank harmless from any loss or liability which Customer may incur after Bank has executed a Repetitive Transfer, including without limitation, any loss due to Customer error in creating the Repetitive Transfer template.

  • Customer agrees to release and hold LendingClub Bank harmless from any loss or liability (including reason- able attorney’s fees) which Customer or LendingClub Bank may incur after LendingClub Bank has executed a Repetitive Transfer, including without limitation, any loss due to Customer error in creating the Repetitive Transfer template or instruction.


More Definitions of Repetitive Transfer

Repetitive Transfer means wire transfers in which the receiving Bank, payee, and account are the same for each transfer, and only the transfer date and amount vary. “Request” means a Customer’s request to Bank for an Online Wire Transfer, or for a cancellation or amendment of an Online Wire Transfer, made in the name, or having the unique identifier, of Customer as sender requesting that funds belonging to, or under the control of Customer to be transferred to a specified account or beneficiary. Capitalized terms used in this Section B.3., but not defined in this Section B.3. or Section A, shall have the meaning assigned to them by applicable State law or, if none, by Federal Reserve Board Regulation J.
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Related to Repetitive Transfer

  • Competitive Set As defined in the STR Reports. Lessor and Lessee shall work in good faith to determine any additions and deletions to the Hotel’s Competitive Set, on or before November 15th of each year, with such changes to be applicable for the following Fiscal Year. In the event Lessor and Lessee cannot agree to the Hotel’s Competitive Set by November 15th of any year, such unagreed items shall be determined by ▇▇▇▇▇ Travel Research (or, if it refuses or is unable to do so, by arbitration pursuant to Section 25.2). The costs of resetting the Hotel’s Competitive Set shall be borne equally by the parties.

  • Competitive Sealed Bidding means the competitive process described within an Invitation for Bids, wherein the City invites Offerors to submit bids to supply the City with the Goods and/or Service describes in the Solicitation document, where the City will award the resulting contract to the responsible Offeror submitting the low responsive bid.

  • Prospective Transferee means any person to whom a Key Holder proposes to make a Proposed Key Holder Transfer.

  • Competitive service means any service offered by an electric

  • Competitive Process means a formal sealed, electronic, or web-based bid procedure used for all nonclaims related purchases for goods and services over fifty thousand dollars. For purchases between five thousand dollars and fifty thousand dollars, competitive process means quotations obtained from at least three vendors by telephone or written quotations, or both, and supported by evidence of competition. Purchases up to five thousand dollars are exempt from competitive bids providing procurement is based on obtaining maximum quality at minimum cost.