Common use of Formation of a Transfer Contract Clause in Contracts

Formation of a Transfer Contract. 3.1 A transfer contract shall be entered into when the Bank has accepted the request for transfer pursuant to Article 2 (Request for Transfer) and received the Transfer Fund, etc. 3.2 If a transfer agreement is entered into in accordance with the preceding Paragraph, the Bank shall provide a transfer fund receipt to the Customer. The Customer shall confirm the details of the transfer request by confirming the transfer fund receipt and keep the transfer fund receipt in a safe place as this is documentary evidence of the establishment of the transfer agreement.