Common use of Transfer Authorization and Processing Clause in Contracts

Transfer Authorization and Processing. You represent and warrant that you are the sole owner of the Transaction Account and the Recipient Account and that you have all necessary legal right, power and authority to transfer funds from the Transaction Account to the Recipient Account. Further, you represent and warrant that the Recipient Account is located in the United States. When we receive a Transfer Instruction from you, you authorize us to debit your Transaction Account and remit funds on your behalf to the Recipient Account designated by you and to debit one of your Accounts. You also authorize us to reverse a transfer from your Recipient Account if the debit is returned from the Transaction Account for any reason, including but not limited to non-sufficient funds.

Appears in 7 contracts

Samples: Electronic Services Agreement, Business Electronic Services Agreement, Electronic Services Agreement

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Transfer Authorization and Processing. You represent and warrant that you are the sole owner (or an authorized joint owner) of the Transaction Account and the Recipient Account and that you have all necessary legal right, power and authority to transfer funds from the Transaction Account to the Recipient Account. Further, you represent and warrant that the Recipient Account is located in the United States. When we receive a Transfer Instruction from you, you authorize us to debit your Transaction Account and remit funds on your behalf to the Recipient Account designated by you and to debit one of your Accountsyou. You also authorize us to reverse a transfer from your Recipient Account if the debit is returned from the Transaction Account for any reason, including but not limited to non-sufficient nonsufficient funds.

Appears in 4 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

Transfer Authorization and Processing. You represent and warrant that you are the sole an owner of the Transaction Account and the Recipient Account and that you have all necessary legal right, power and authority to transfer funds from the Transaction Account to the Recipient Account. Further, you represent and warrant that the Recipient Account is located in the United States. When we receive a Transfer Instruction from you, you authorize us to debit your Transaction Account and remit funds on your behalf to the Recipient Account designated by you and to debit one of your Accounts. You also authorize us to reverse a transfer from your Recipient Account if the debit is returned from the Transaction Account for any reason, including but not limited to non-sufficient nonsufficient funds.

Appears in 2 contracts

Samples: www.onpointcu.com, Online Banking Service Agreement

Transfer Authorization and Processing. You represent and warrant that you are the sole owner (and not a joint tenant) of the Transaction Account transaction account and the Recipient Account recipient account and that you have all necessary legal right, power and authority to transfer funds from the Transaction Account transaction account to the Recipient Accountrecipient account. Further, you represent and warrant that the Recipient Account recipient account is located in the United States. When we receive a Transfer Instruction transfer instruction from you, you authorize us to debit your Transaction Account transaction account and remit funds on your behalf to the Recipient Account recipient account designated by you and to debit one of your Accountsaccounts. You also authorize us to reverse a transfer from your Recipient Account recipient account if the debit is returned from the Transaction Account transaction account for any reason, including but not limited to non-sufficient insufficient funds.

Appears in 2 contracts

Samples: Business Agreement, es.myoccu.org

Transfer Authorization and Processing. You represent and warrant that you are the sole owner or legal owner of the Transaction Account and the Recipient Account and that you have all necessary legal right, power and authority to transfer funds from the Transaction Account to the Recipient Account. Further, you represent and warrant that the Recipient Account is located in the United States. When we receive a Transfer Instruction from you, you authorize us to debit your Transaction Account and remit funds on your behalf to the Recipient Account designated by you and to debit one of your Accounts. You also authorize us to reverse a transfer from your Recipient Account if the debit is returned from the Transaction Account for any reason, including but not limited to non-sufficient nonsufficient funds.

Appears in 2 contracts

Samples: Mobile Banking Agreement, Mobile Banking Agreement

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Transfer Authorization and Processing. You represent and warrant that you are the sole owner of the Transaction Account and the Recipient Account and that you have all necessary legal right, power and authority to transfer funds from the Transaction Account to the Recipient Account. Further, you represent and warrant that the Recipient Account is located in the United States. When we receive a Transfer Instruction from you, you authorize us to debit your Transaction Account and remit funds on your behalf to the Recipient Account designated by you and to debit one of your Accounts. You also authorize us to reverse a transfer from your Recipient Account if the debit is returned from the Transaction Account for any reason, including but not limited to non-sufficient funds.nonsufficient funds.‌‌‌‌‌‌

Appears in 1 contract

Samples: Verity Credit Union Electronic Services Agreement

Transfer Authorization and Processing. You represent and warrant that you are the sole owner of the Transaction Account and the Recipient Account and that you have all necessary legal right, power and authority to transfer funds from the Transaction Account to the Recipient Account. Further, you represent and warrant that the Recipient Account is located in the United States. When we receive a Transfer Instruction from you, you authorize us to debit your Transaction Account and remit funds on your behalf to the Recipient Account designated by you and to debit one of your Accounts. You also authorize us to reverse a transfer from your Recipient Account if the debit is returned from the Transaction Account for any reason, including but not limited to non-sufficient nonsufficient funds.

Appears in 1 contract

Samples: Credit Union Electronic Services Agreement

Transfer Authorization and Processing. You represent and warrant that you are the sole owner (or an authorized joint owner) of the Transaction Account and the Recipient Account and that you have all necessary legal right, power and authority to transfer trans- fer funds from the Transaction Account to the Recipient Account. Further, you represent and warrant that the Recipient Account is located in the United States. When we receive a Transfer Instruction from you, you authorize us to debit your Transaction Account and remit funds on your behalf to the Recipient Account designated by you and to debit one of your Accountsyou. You also authorize us to reverse a transfer from your Recipient Account if the debit is returned from the Transaction Account for any reason, including but not limited to non-sufficient nonsufficient funds.

Appears in 1 contract

Samples: Membership and Account Agreement

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