Wire Account definition
Examples of Wire Account in a sentence
Each wire transfer request shall include the amount of the transfer, the Wire Account information, the Beneficiary’s name, account number, and physical address, the name and routing and transit number of the Beneficiary’s bank, and such other information as Bank may reasonably request.
All payments required under this Section 6 shall be made by wire of immediately available funds or check as follows: If by Wire: Account information to be provided by Operator.
Company must ensure that the Collected Balance in the Wire Account is equal to or greater than the amount of the Wire Transfer instructions.
Absent notice of different instructions, all cash payments to be made as provided on Schedule A, and as otherwise reflected in the applicable IUA or this Agreement to be paid to a Licensee, shall be to such Wire Account in immediately available funds.
Each Licensee shall have specified on Schedule 4.01 attached hereto its respective wire accounts (each a "Wire Account"), which Wire Account shall be included in the applicable IUA.
The purchase price for the Redeemed Shares shall be paid by Kirkland's at the IPO Closing by wire transfer of immediately available funds to the Wire Account (as defined below) of each of the Redeemed Shareholders.
Company represents and warrants that it will comply with the Wire Account regulations, applicable laws, regulations, regulatory requirements and Bank’s current Service Documentation.
If Bank determines that processing or honoring any transfer instruction or request would cause the Wire Account in question to be overdrawn, Bank in its sole discretion, may, (i) create an overdraft in such Wire Account; or (ii) transfer to such Wire Account from another of your Bank accounts, funds sufficient to cover the deficiency in Wire Account.
The term "Wire Account" shall mean with respect to each Redeemed Shareholder, the account capable of accepting wire transfers of immediately available funds designated by such Redeemed Shareholder to Kirkland's in writing not later than three (3) days prior to the IPO Closing.
Company hereby authorizes Bank to transmit any Wire Transfer instructions received by Bank from Company in accordance with the terms and conditions of the Agreement and to debit the amount of such Online Wire Transfer from the Wire Account specified by Company.