Single payment order definition

Single payment order means when the obligor instructs the credit institution to debit a specific amount from his bank account and transfer (credit) it to the bank account of the obligee. Single payment orders must be submitted to the credit institution operating the obligor's bank account.
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Related to Single payment order

  • Payment Order means an instruction of a sender to a receiving bank, transmitted orally, electronically, or in writing, to pay, or to cause another bank to pay, a fixed or determinable amount of money to a beneficiary if the following apply:

  • Buyer Curtailment Order means the instruction from Buyer to Seller to reduce generation from the Project by the amount, and for the period of time set forth in such order, for reasons unrelated to a Planned Outage, Forced Outage, Force Majeure and/or Curtailment Order.

  • Entitlement Order shall have the meaning specified in Section 8-102 of the UCC.

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Banquet Event Order or “BEO” means a written order issued by the Contractor to the Judicial Council that confirms the Judicial Council’s specific instructions and orders with respect to the Program on any one or more of the following, but does not alter any of the Agreement’s terms and conditions: (i) meeting and/or function room(s) and set-up requirements and/or rental charges; (ii) meal menus and prices and set-up requirements; and/or (iii) audio-visual equipment and set-up requirements and/or rental charges. ▇▇▇’s will be approved and signed by the Judicial Council’s representative, as set forth in Exhibit B.