Originating Institution definition
Originating Institution means any Person from which the Seller has acquired any Receivables and their successors and assigns.
Originating Institution means any of the banking institutions and merchants that originated any of the Receivables and their assignees, and it includes Heartland Bank with respect to the Receivables purchased by Servicer from Heartland Bank.
Originating Institution means with respect to the Pay Non-BPI Accounts Facility, the financial institution with which the Sender maintains the relevant disbursing account and tasked to ensure prior to processing the transaction that the disbursing account and the amount specified for transfer are the same as the details provided in the payment instruction.
Examples of Originating Institution in a sentence
When the Originating Institution has debited the amount subject of the funds transfer and service fee from the Source Account, and the Receiving Institution has credited the Beneficiary’s Account, the IBFT Instruction is deemed completed.
The Originating Institution shall debit applicable fee/s from the Source Account.
The COMPANY shall ensure that the Source Account is sufficiently funded to fulfill the IBFT Instruction and answer for the service fees imposed by the Originating Institution.
More Definitions of Originating Institution
Originating Institution. Neosho County Community College (“Neosho”) Degree/Program: Associate of Applied Science (“AAS”) / Health Information Technology (“HIT”) Degree/Program: Bachelor of Science (“BS”) / Health Information Management (Online) (“HIM Online”)
Originating Institution any of the banking institutions and merchants ----------------------- that originated any of the Receivables.
Originating Institution means any Person from which Midland has acquired any Receivables and their successors and assigns.
Originating Institution means the financial institution that is contracted by the state to initiate all authorized EFTs.
Originating Institution means _________________.]