Common use of Recurring Wire Transfers Clause in Contracts

Recurring Wire Transfers. Recurring Wire Transfers are Wire Transfers initiated on a scheduled basis as instructed by the Business Member. Recurring Wire Transfer authorizations shall continue and remain in full force and effect until Credit Union has received written notice from Business Member revoking such recurring Wire Transfers in a form acceptable to Credit Union, and in a time and manner sufficient to provide Credit Union with a reasonable opportunity to act upon it.

Recurring Wire Transfers. Recurring Wire Transfers are Wire Transfers initiated on a scheduled basis as instructed by the Business Member. Recurring Wire Transfer authorizations shall continue and remain in full force and effect until Credit Union has received written notice from Business Member you revoking such recurring Wire Transfers in a form acceptable to Credit Union, and in a time and manner sufficient to provide Credit Union with a reasonable opportunity to act upon it.