Common use of Bank Transfer Clause in Contracts

Bank Transfer. A transfer for the purpose of crediting funds to a Receiver’s bank account, or a transfer for the purpose of subsequent provision of the transfer amount to the Payment Center by the Receiver in order to increase in e-money balance of a Receiver, or for the purpose of fulfilling the Sender’s obligation to the recipient - organization (for repaying a loan, paying interest for using a loan and / or other monetary obligations).

Bank Transfer. A transfer for the purpose of crediting funds to a Receiver’s bank account, or a transfer for the purpose of subsequent provision of the transfer amount to the Payment Center by the Receiver to in order to increase in e-money balance of a Receiver, or for the purpose of fulfilling the Sender’s obligation to the recipient - organization (for repaying a loan, paying interest for using a loan and / or other monetary obligations).