Wire Transfer Eligibility Clause Samples
The Wire Transfer Eligibility clause defines the conditions under which parties may use wire transfers as a method of payment. It typically outlines the types of transactions or accounts that qualify for wire transfers, and may specify requirements such as minimum transfer amounts, approved banking institutions, or necessary documentation. By establishing clear criteria for when and how wire transfers can be used, this clause helps prevent payment errors and ensures that both parties understand the acceptable methods for transferring funds.
Wire Transfer Eligibility. Section 11.24
Wire Transfer Eligibility. With respect to the Class A (other than the Class A-PO and Class A-R Certificates) and the Class B Certificates, the minimum Denomination eligible for wire transfer on each Distribution Date is $500,000. With respect to the Class A-PO Certificates, the minimum Denomination eligible for wire transfer on each Distribution Date is 100% Percentage Interest. The Class A-R Certificate is not eligible for wire transfer.
Wire Transfer Eligibility. With respect to the Class A Certificates (other than the Class A-R Certificate), and the Class B Certificates (other than the Class B-4, Class B-5 and Class B-6 Certificates), the minimum Denomination eligible for wire transfer on each Distribution Date is $500,000. The Class A-R, Class B-4, Class B-5 and Class B-6 Certificates are not eligible for wire transfer.
Wire Transfer Eligibility. The minimum number of single certificates eligible for wire transfer on each distribution day, for the certificates, is 1,000 (representing a $1,000,000 initial principal balance or initial notional balance) and, for the residual certificates, a 100% percentage interest.
Wire Transfer Eligibility. The minimum Denomination eligible for wire transfer on each Distribution Date is $___________.
Wire Transfer Eligibility. With respect to the Class A Certificates (other than the Class A-WIO Certificates) the minimum Denomination eligible for wire transfer on each Distribution Date is $5,000,000. With respect to the Class A-WIO Certificates, the minimum Denomination eligible for wire transfer on each Distribution Date is 25% Percentage Interest. The Class A-7, Class A-9, Class A-PO, Class A-R, Class M, Class B-1, Class B-2, Class B-3, Class B-4 and Class B-5 Certificates are not eligible for wire transfer; provided, however, that for so long as the Holder of a Class A-7 or Class A-9 Certificate is the Clearing Agency or its nominee, the Class A-7 and Class A-9 Certificates shall be entitled to payment by wire transfer.
Wire Transfer Eligibility. The minimum Initial Principal Balance for wire transfer on each Distribution Date, in the case of Certificates (other than the Class CE and Class R Certificates), is $1,000,000 and, in the case of each of the Class CE Certificates and Class R Certificate, a 100% Percentage Interest.
Wire Transfer Eligibility. With respect to the Class A Certificates (other than the Class A-R, Class A-PO and Class A-WIO Certificates), Class M Certificates and Class B Certificates (other the Class B-4 and Class B-5 Certificates) the minimum Denomination eligible for wire transfer on each Distribution Date is $500,000. With respect to the Class A-WIO Certificates, the minimum Denomination eligible for wire transfer on each Distribution Date is 25% Percentage Interest. The Class A-PO, Class A-R, Class B-4 and Class B-5 Certificates are not eligible for wire transfer.
Wire Transfer Eligibility. With respect to the Class A Certificates (other than the Class I-A-3, Class I-A-13, Class I-A-27, Class II-A-2 and Class I-A-R Certificate) and the Class B Certificates, the minimum Denomination eligible for wire transfer on each Distribution Date is $100,000. With respect to the Class I-A-3, Class I-A-13, Class I-A-27 and Class II-A-2 Certificates, the minimum Denomination eligible for wire transfer on each Distribution Date is 50%, 100%, 100% and 2% Percentage Interest, respectively. The Class I-A-R Certificate is not eligible for wire transfer.
Wire Transfer Eligibility. With respect to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class B-1, Class B-2, ▇▇▇▇▇ ▇-▇, ▇lass B-4, Class B-5 and Class B-6 Certificates, the minimum Denomination eligible for wire transfer on each Distribution Date is $100,000. The Class A-R Certificate is not eligible for wire transfer.