Reverse Wire definition

Reverse Wire means the wire initiated by the Credit Party to transfer funds from the Customer’s account at the Bank to the Credit Party as part of a Reverse Wire Transfer.
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Examples of Reverse Wire in a sentence

  • The Reverse Wire Authorization shall remain in effect unless and until revoked in writing by an authorized representative of Customer and both Bank and Credit Party have each received such written notice and have had a reasonable period of time to act on such notice.

  • Bank will honor reverse transfer drafts subject to the terms of this Agreement and further subject to and conditioned upon your execution of the Reverse Wire Authorization Form or other Bank authorized documentation provided by Bank.

  • Bank will honor reverse transfer drafts subject to the terms of this Agreement and further subject to and conditioned upon Customer’s execution of the Reverse Wire Authorization Form provided by Bank or other Bank authorized documentation.

  • Bank may decline any Reverse Wire request to the same extent it may decline any transfer hereunder.

  • The provisions set forth in this Exhibit A shall be incorporated by reference into the Client Account Agreement and Authorization to Debit/Credit (Reverse Wire) (the “Agreement”).

  • Customer agrees that Bank’s treatment of, or action related to, a Reverse Wire shall be treated as if Customer requested the transfer pursuant to the terms of this Agreement.

  • You agree that the terms of this Agreement apply to drawdown wire requests per the First Citizens Bank Drawdown (AKA Reverse Wire) and Direct Debit Authorization Request Form.

  • Upon population of the Reverse Wire Authorization section of the separate agreement related hereto and execution of such separate agreement (the “Reverse Wire Authorization”), you authorize the credit party identified in such form (the “Credit Party”) to initiate transfers from your accounts to Credit Party’s account (each a “Reverse Wire”), each as identified in the Reverse Wire Authorization.

  • Owner shall allow electronic payments to be initiated by Manager to be paid from the Operating Account from vendor partners via ACH, Wire, or Reverse Wire.

  • Notwithstanding any provision herein to the contrary, Bank may honor any Reverse Wire request in conformance with the instructions outlined in the Reverse Wire Authorization.

Related to Reverse Wire

  • Reverse Sequential Order means (a) first, to the reduction of the Note Principal Balance of each B Note, on a Pro Rata and Pari Passu Basis, until the Note Principal Balance of each such Note is reduced to zero; and (b) second, to the reduction of the Note Principal Balance of each of A Note, on a Pro Rata and Pari Passu Basis, until the Note Principal Balance of each such Note is reduced to zero.

  • Reverse Stock Split means a reverse stock split of the outstanding shares of Common Stock that is effected by the Company’s filing of an amendment to its certificate of incorporation with the Secretary of State of the State of Delaware and the acceptance thereof.

  • Reverse auctioning means a procurement method wherein bidders are invited to bid on specified

  • Reverse auction means a purchasing process in which offerors submit proposals in competing to sell services or supplies in an open environment via the internet.

  • Reverse Stock Split Date means the first date following the Initial Exercise Date on which a reverse stock split of the Common Stock is approved and deemed effective.