credit transfer definition

credit transfer means a payment service for crediting a payee’s payment account with a payment transaction or a series of payment transactions from a payer’s payment account by the payment service provider which holds the payer’s payment account, based on an instruction given by the payer;

credit transfer means a national or cross-border payment service for crediting a payee’s payment account with a payment transaction or a series of payment transactions from a payer’s payment account by the payment service provider which holds the payer’s payment account, based on an instruction given by the payer;

credit transfer means a payment service for crediting a payee’s payment account, where a payment transaction or a series of payment transactions is initiated by the payer on the basis of the consent given to his payment service provider

Examples of credit transfer in a sentence

• Issue fee of Credit Transfer Document – DOC or Electronic Funds Transfer – XXX charged by the Central Bank of Brazil in the payment of events to the shareholders that are account holders of other banks, at the amounts charged on the date on which the payments occur.

• Upon receipt of such payment, Tesla will immediately prepare, sign and deliver to Honda a partially completed XXX Credit Transfer Form(s) (Tesla will complete Sections I and II in California) to transfer those XXX Credits to Honda.

• Xxx Title: Chief Financial Officer [Signature Page to Tax Credit Transfer Agreement] EXHIBIT A FORM OF PAYMENT DATE CERTIFICATE April [15], 2024 This certificate is being executed and delivered pursuant to Section 3.3(d) of the Tax Credit Transfer Agreement (Variable) (the “Agreement”), dated as of December 22, 2023, by and between First Solar, Inc., a Delaware corporation (the “Seller”), and Fiserv, Inc., a Wisconsin corporation (the “Purchaser”).

• By: Name: Title: EXHIBIT B FORM OF SECOND PAYMENT DATE CERTIFICATE [March __], 2024 This certificate is being executed and delivered pursuant to Section 3.4(c) of the Tax Credit Transfer Agreement (Fixed) (the “Agreement”), dated as of December 22, 2023, by and between First Solar, Inc., a Delaware corporation (the “Seller”), and Fiserv, Inc., a Wisconsin corporation (the “Purchaser”).

• Once Honda pays any amounts then owing pursuant to the terms of the Agreement, Tesla shall resume providing partially completed XXX Credit Transfer Form(s) to Honda as required by the Agreement.

More Definitions of credit transfer

credit transfer means a national or cross-border payment service (such as FPS or SWIFT) for crediting a Payee’s payment account with a payment or a series of payments from a Payer’s payment account by the payment service provider which holds the Payer’s payment account, based on an instruction given by the Payer;

credit transfer means the series of transfers, beginning with the payer’s payment order, made for the purpose of making payment to the payee and includes a payment order issued by the payer’s bank or payment service provider, made for the purpose of making payment to the payee and includes a payment order issued by the payer’s bank or payment service provider, or an intermediary intended to carry out the payer’s payment order;

credit transfer means a national or cross-border payment service for crediting a payee's payment account with a payment transaction or a series of payment transactions from a payer's payment account by the payment service provider which holds the payer's payment account, based on an instruction given by the payer;

credit transfer means credit transfer as defined in point (24) of Article 4 of Directive (EU) 2015/2366;

credit transfer means the vertical, horizontal or diagonal relocation of credits towards a qualification or part-qualification on the same or different level, usually between different programmes, departments or institutions;

credit transfer means an electronic transfer of money directly from one account to another.

credit transfer means a payment service by which a payer’s payment account is debited and a payee’s payment account is credited on the basis of an order initiated by the payer3. The transaction itself must not be identified with the term of “credit” in the sense of a loan, rather, it originates from the term “credit transfer”, which implies that it is used to initiate the transfer to credit the payee’s account at the payer’s initiative.