Repetitive Payment Order definition

Repetitive Payment Order means Beneficiary Bank and account information stored on Bank’s Wire Transfer System and accessible via a Repetitive Transfer Number that Customer can use to send payments to one or more designated Beneficiaries on a recurring basis.
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Repetitive Payment Order means a payment order which conforms in all respects with a Repetitive Payment Order Setup Instruction.
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Repetitive Payment Order means a template for a series of Payment Orders that contain most of the same information but each of which must be individually initiated by Member.
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Examples of Repetitive Payment Order in a sentence

  • The Fund will execute all documentation required by the Custodian, including a separate Preauthorized Repetitive Payment Order (PPO) form.

  • The Client acknowledges that prior to the issuance of any repetitive payment order, an Authorized Person must (a) request that BBH approve and set-up an appropriate repetitive payment order, and (b) complete such documentation as BBH may require, including a separate Preauthorized Repetitive Payment Order (PPO) form.

  • The Trust will execute all documentation required by the Custodian, including a separate Preauthorized Repetitive Payment Order (PPO) form.

  • The Trust and the Sponsor will execute all documentation required by the Custodian, including a separate Preauthorized Repetitive Payment Order (PPO) form.

  • The Fund or Company will execute all documentation required by the Custodian, including a separate Preauthorized Repetitive Payment Order (PPO) form.

  • The Trust will execute all documentation required by the Custodian, including a separate Preauthorized Repetitive Payment Order form (“PPO”).

  • The Company will execute all documentation required by the Custodian, including a separate Preauthorized Repetitive Payment Order (PPO) form.

  • The Fund will execute all documentation required by the Custodian, including a separate Preauthorized Repetitive Payment Order (“PPO”) form.

  • If Repetitive Payment Orders are selected and dual control is required, Wire Transfers will be processed in accordance with our usual and customary procedures, and we will not be required to take any further action to verify a Repetitive Payment Order, except as provided in schedule A.

  • The Client acknowledges that prior to the issuance of any repetitive payment order, an Authorized Person must (a) request that BBH approve and set-up an appropriate repetitive payment order, and (b) complete such documentation as BBH may require, including a separate Preauthorized Repetitive Payment Order (“PPO”) form.


More Definitions of Repetitive Payment Order

Repetitive Payment Order means a Payment Order issued on a regular basis by using a confidential code number andrelatingtothe same Beneficiaryandthesame account maintainedbyorforthebenefit of such Beneficiary at the Beneficiary’s Bank.
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Repetitive Payment Order means a Payment Order on file with Bank that consists of a fixed set of data (other than payment amount) and to which Bank has assigned an alphanumeric code.
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Related to Repetitive Payment Order

  • Advance Payment shall have the meaning set forth in Clause 19.2; “Affected Party” shall have the meaning set forth in Clause 21.1;

  • Alternative Compliance Payment or "ACP" means a payment of a certain dollar amount per megawatt hour, which a Retail Electricity Supplier may submit in lieu of supplying the minimum percentage of RECs required under Section 3.3.4 of this Regulation.

  • Note Payment Sequence The application, in accordance with the Priority of Payments, of Interest Proceeds or Principal Proceeds, as applicable, in the following order:

  • Advance Payments means the payments made by Customer in advance of delivery with respect of an Aircraft pursuant to Section 4.2 of the Purchase Agreement.

  • Administrative Purchase Payment means, with respect to a Payment Date and to an Administrative Receivable purchased by the Seller or the Servicer as of the end of the related Collection Period, the sum of (a) the unpaid principal balance owed by the related Obligor in respect of such Receivable and (b) interest on such unpaid principal balance at a rate equal to the APR of the related Receivable from the date of last payment by such Obligor to the last day of such Collection Period.