credit transfer definition

credit transfer means a payment service for crediting a payee’s payment account with a payment transaction or a series of payment transactions from a payer’s payment account by the payment service provider which holds the payer’s payment account, based on an instruction given by the payer;

credit transfer means the payment services for crediting the Payee payment account through a payment transaction or a set of payment transactions from the Payer payment account, via the payment services provider that holds the Payer payment account upon the Payer’s order.

credit transfer means a payment service for crediting a payee’s payment account, where a payment transaction or a series of payment transactions is initiated by the payer on the basis of the consent given to his payment service provider

Examples of credit transfer in a sentence

• Seller and Purchaser are also parties to that certain Tax Credit Transfer Agreement (Variable), dated as of the Effective Date (the “Variable Transfer Agreement”), pursuant to which certain Tax Credits will be transferred on the terms set forth therein, with such Tax Credits being separate and distinct from the 2024 Tax Credits (as defined below) under this Agreement.

• By: Name: Title: This certificate is being executed and delivered pursuant to Section 3.4(c) of the Tax Credit Transfer Agreement (Fixed) (the “Agreement”), dated as of December 6, 2024, by and between First Solar, Inc., a Delaware corporation (the “Seller”), and Visa Inc., a Delaware corporation (the “Purchaser”).

• By: Name: Title: This certificate is being executed and delivered pursuant to Section 3.4(a) of the Tax Credit Transfer Agreement (Variable) (the “Agreement”), dated as of the date hereof, by and between First Solar, Inc., a Delaware corporation (the “Seller”), and Visa Inc., a Delaware corporation (the “Purchaser”).

• By: Name: Title: This certificate is being executed and delivered pursuant to Section 3.4(b) of the Tax Credit Transfer Agreement (Variable) (the “Agreement”), dated as of the date hereof, by and between First Solar, Inc., a Delaware corporation (the “Seller”), and Visa Inc., a Delaware corporation (the “Purchaser”).

• By: /s/ Xxxxx Xxxxxxxx Name: Xxxxx Xxxxxxxx Title: Senior Vice President, Global Tax This certificate is being executed and delivered pursuant to Section 3.3(d) of the Tax Credit Transfer Agreement (Fixed) (the “Agreement”), dated as of December 6, 2024, by and between First Solar, Inc., a Delaware corporation (the “Seller”), and Visa Inc., a Delaware corporation (the “Purchaser”).

More Definitions of credit transfer

credit transfer means a national or cross-border payment service (such as FPS or SWIFT) for crediting a Payee’s payment account with a payment or a series of payments from a Payer’s payment account by the payment service provider which holds the Payer’s payment account, based on an instruction given by the Payer;

credit transfer means a national or cross-border payment service for crediting a payee's payment account with a payment transaction or a series of payment transactions from a payer's payment account by the payment service provider which holds the payer's payment account, based on an instruction given by the payer;

credit transfer means the series of transfers, beginning with the payer’s payment order, made for the purpose of making payment to the payee and includes a payment order issued by the payer’s bank or payment service provider, made for the purpose of making payment to the payee and includes a payment order issued by the payer’s bank or payment service provider, or an intermediary intended to carry out the payer’s payment order;

credit transfer means credit transfer as defined in point (24) of Article 4 of Directive (EU) 2015/2366;

credit transfer means the vertical, horizontal or diagonal relocation of credits towards a qualification or part-qualification on the same or different level, usually between different programmes, departments or institutions;

credit transfer means a payment service by which a payer’s payment account is debited and a payee’s payment account is credited on the basis of an order initiated by the payer3. The transaction itself must not be identified with the term of “credit” in the sense of a loan, rather, it originates from the term “credit transfer”, which implies that it is used to initiate the transfer to credit the payee’s account at the payer’s initiative.

credit transfer means a payment service com- prising either a single payment transaction or a series of payment transactions where monies from an Account are credited to the payment account of a Payee by the Bank based on an instruction given by you and which includes SEPA Credit Transfer;