Combined Wire Transfers Sample Clauses
The Combined Wire Transfers clause establishes the terms under which multiple payments or obligations can be consolidated into a single wire transfer. In practice, this means that instead of sending separate payments for each invoice or obligation, the paying party may aggregate amounts due and remit them together in one transaction, often with a breakdown or reference to the individual items covered. This clause streamlines payment processes, reduces administrative costs, and minimizes transaction fees, thereby increasing efficiency for both parties involved.
Combined Wire Transfers. Transfers by the Closed-End Servicer to any financial institution at which any Titling Trust account is maintained may include (A) proceeds being deposited in more than one Titling Trust account and (B) proceeds of Closed-End Assets and Other Proceeds, in each case in a single wire transfer, provided, however, that, such transfer is accompanied by instructions as to the appropriate divisions of all such proceeds.