Recipient Bank definition

Recipient Bank means seller’s bank under Bank Payment Obligations.
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Recipient Bank means a bank to which is addressed the payment order of the sender. "Sender” is a natural or legal person that gives a payment order to a recipient a bank. "Payee” is the party that shall receive a payment in a payment transaction.
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Recipient Bank means the bank located at the Recipient Country at which the Recipient maintains a Recipient Account for the purpose of crediting the remittance payout.
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Examples of Recipient Bank in a sentence

  • Additional fees and/or taxes may be deducted from the GMT amount by the Recipient Bank.

  • The price of any Local FX Conversion Transaction will also include a spread charged by the relevant Intermediary or Recipient Bank.

  • If the GMT is declined or unclaimed by the Recipient, or is not completed, we will attempt to obtain a refund at your request from the Recipient Bank.

  • Payment by the KIC LE to the Recipient hereunder, shall be made to the following bank account: Official name and legal form of Recipient: Bank: IBAN: or any other bank account details as may be provided by the Recipient to the KIC LE after the execution of this Agreement, which new details shall only be effective five working days after receipt by the KIC LE of written notice from Recipient in that respect.

  • Neither we nor any Intermediary is responsible for verifying the accuracy of any information you provide, and we and the Recipient Bank may rely solely on an account number or identifying number to complete the GMT.

  • Payment by the KIC LE to the Recipient hereunder, shall be made to the following bank account: Official name and legal form of Recipient: Bank: IBAN: or any other bank account details as may be provided by the Recipient to the KIC LE after the execution of this Agreement or the General Project Terms, which new details shall only be effective five working days after receipt by the KIC LE of written notice from Recipient in that respect.

  • Incomplete or Unclaimed GMTs. If the GMT is declined or unclaimed by the Recipient, or is not completed, we will attempt to obtain a refund at your request from the Recipient Bank.

  • Additional fees and/or taxes may be deducted from the GMT amount by the Recipient Bank, if applicable.

  • Although most GMTs are received at the Recipient Bank, if applicable, within 1-3 business days, we make no representations or warranties on the timing of delivery of the GMT to the Recipient.

  • Although most GMTs are received at the Recipient Bank, if applicable, within 1 – 3 business days, we make no representations or warranties on the timing of delivery of the GMT to the Recipient.