Designation of Funds Transfer System and/or Intermediary Bank Sample Clauses

Designation of Funds Transfer System and/or Intermediary Bank. SBIC may use one or more the of the following: Society for Word-Wide Interbank Financial Telecommunications, State Bank of India, an intermediary bank identified by the foregoing systems or bank as a correspondent bank of the beneficiary’s bank, or any other payment system or intermediary bank which SBIC deem reasonable under the circumstances. The Customer agree to be bound by the rules of the funds transfer system utilized.
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Designation of Funds Transfer System and/or Intermediary Bank. In the event you do not specify a funds payment system or an intermediary bank when initiating a particular Wire Transfer Request, then the Bank may use one or more the of the following: Fedwire System, Clearing House Interbank Payment System, Society for World-Wide Interbank Financial Telecommunications, Xxxxx Fargo, an intermediary bank identified by the foregoing systems or bank as a correspondent bank of the beneficiary’s bank, or any other payment system or intermediary bank which the Bank deems reasonable under the circumstances. You agree to be bound by the rules of the funds transfer system utilized. The Bank may retain a portion of the fees collected by the intermediary Bank utilized.
Sample 1
Designation of Funds Transfer System and/or Intermediary Bank. If you do not specify a funds payment system or an intermediary bank when initiating a payment order to be processed by us, we may use any one or more payment systems or intermediary banks which Bank deems reasonable under the circumstances. You agree to be bound by the rules of the funds transfer system utilized.
Sample 1

Related to Designation of Funds Transfer System and/or Intermediary Bank

  • Certification of Funds; Budget and Fiscal Provisions; Termination in the Event of Non-Appropriation This Agreement is subject to the budget and fiscal provisions of the City’s Charter. Charges will accrue only after prior written authorization certified by the Controller, and the amount of City’s obligation hereunder shall not at any time exceed the amount certified for the purpose and period stated in such advance authorization. This Agreement will terminate without penalty, liability or expense of any kind to City at the end of any fiscal year if funds are not appropriated for the next succeeding fiscal year. If funds are appropriated for a portion of the fiscal year, this Agreement will terminate, without penalty, liability or expense of any kind at the end of the term for which funds are appropriated. City has no obligation to make appropriations for this Agreement in lieu of appropriations for new or other agreements. City budget decisions are subject to the discretion of the Mayor and the Board of Supervisors. Contractor’s assumption of risk of possible non-appropriation is part of the consideration for this Agreement. THIS SECTION CONTROLS AGAINST ANY AND ALL OTHER PROVISIONS OF THIS AGREEMENT.

  • Electronic Funds Transfer Upon reinstatement by Xxxxxxxx, this Security Instrument and obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 18.

  • Electronic Funds Transfers By signing the Account Card, completing and transmitting an online account card or service request, or signing or using the Visa Debit Card, or Home Banking service you agree to the following terms governing your and our rights and responsibilities concerning the electronic funds transfer services, as applicable. Terms and conditions set forth elsewhere in this Agreement shall also apply to your electronic funds transfer service. Electronic funds transfers ("EFTs") are electronically initiated transfers of money through direct deposits, automated teller machines ("ATMs"), point of sale transactions, debit card purchases, audio response transactions and online transactions involving your deposit accounts at the Credit Union.

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