Payment Transfer Accounts Clause Samples
The PAYMENT, TRANSFER; ACCOUNTS clause defines the procedures and requirements for making payments and transferring funds between parties, as well as the management of relevant accounts. Typically, this clause specifies the methods of payment (such as wire transfer or check), the designated accounts to which payments must be made, and any conditions or timelines for such transfers. By clearly outlining these processes, the clause ensures that financial transactions are conducted efficiently and reduces the risk of disputes or delays related to payment logistics.
Payment Transfer Accounts. Section 9 of the Existing Repurchase Agreement is hereby amended by deleting subsection (f) in its entirety and replacing it with the following:
Payment Transfer Accounts. Section 9(f) of the Existing Repurchase Agreement is hereby amended by deleting such section in its entirety and replacing them with the following, which amendment shall be effective solely during the Temporary Amendment Period:
Payment Transfer Accounts