Repetitive Transfer definition

Repetitive Transfer means wire transfers in which the receiving bank, payee, and account are the same for each transfer, and only the transfer date and amount vary.
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Repetitive Transfer means wire transfers in which the receiving Bank, payee, and account are the same for each transfer, and only the transfer date and amount vary. “Request” means a Customer’s request to Bank for an Online Wire Transfer, or for a cancellation or amendment of an Online Wire Transfer, made in the name, or having the unique identifier, of Customer as sender requesting that funds belonging to, or under the control of Customer to be transferred to a specified account or beneficiary. Capitalized terms used in this Section B.3., but not defined in this Section B.3. or Section A, shall have the meaning assigned to them by applicable Pennsylvania law or, if none, by Federal Reserve Board Regulation J.
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Repetitive Transfer means a W ire Transfer Request made routinely with standard instructions and to the same beneficiary pursuant to which the date and dollar amount of the transfer may vary with each request.
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Examples of Repetitive Transfer in a sentence

  • Bank’s standard Security Procedures for electronic Payment Orders via OLBB are to require that each Repetitive Transfer Template and each non-repetitive Payment Order created or initiated on the OLBB system be confirmed using a different User ID and User Password than the User ID and User Password used to create or initiate the Repetitive Transfer Template or non-repetitive Payment Order.

  • Repetitive Transfer Templates and non-repetitive Payment Order must be created or initiated and then confirmed by an OLBB Authorized Representative designated by the Corporate Administrator employing a Security Device furnished by Bank (provided that Security Devices are not required for creation and confirmation of Cross-Border Transfers).

  • In the event Customer elects to utilize the Repetitive Transfer option, Customer may vary the date and amount of the Payment Order; however, accounts designated to be debited and credited may not vary.

  • Upon set-up of a Repetitive Transfer, which may include the incorporation of a repeat code, Bank will transfer funds from Customer’s Deposit Account(s) according to the instructions set forth by and/or for Customer within the Business Online Banking Service or otherwise in accordance with Bank’s requirements and the Set-Up Form(s).

  • A Repetitive Transfer is a template-based transfer order that Customer intends to be made on a recurring, periodic basis to the same beneficiary and the same account at the same beneficiary bank, and for which only the date and dollar amount and any additional optional information vary.

  • Customer agrees that only those persons authorized on the Signature Card and/or Request for Repetitive Transfer (“Authorization”) attached to this Agreement may initiate and/or verify Requests with Bank.

  • Trench excavation and backfill is included in the Grading section of these specifications.

  • Customer agrees to release and hold Bank harmless from any loss or liability (including reasonable attorney’s fees) which Customer or Bank may incur after Bank has executed a Repetitive Transfer, including without limitation, any loss due to Customer error in creating the Repetitive Transfer template or instruction.

  • Customer may initiate Payment Orders on a random, as needed basis ("Standard Transfer") and/or may establish a predetermined, preauthorized schedule of Payment Orders ("Repetitive Transfer").

  • If you desire to have another financial institution initiate a Repetitive Transfer or Non‐Repetitive Transfer whereby another financial institution acts as an Authorized Representative to initiate a wire transfer request to move funds from the FSB demand deposit/checking account to an account at the other financial institution (“Drawdown Transfer”), you must execute the Bank approved form for such request.

Related to Repetitive Transfer

  • Competitive service means any service offered by an electric

  • Competitive Business means any firm, partnership, joint venture, corporation and/or any other Person, and/or any licensee of such entity, that develops, manufactures, markets, distributes, provides, offers, or sells any services or products substantially similar to First Party’s services or products.

  • Open Competitive Bidding means a fair and transparent specified procedure defined under these Rules, advertised in the prescribed manner, leading to the award of a contract whereby all interested persons, firms, companies or organizations may bid for the contract and includes both National and International Competitive Biddings;

  • Competitive negotiation means a procedure for contracting for supplies, materials, equipment or contractual services, in which proposals are solicited from qualified suppliers by a request for proposals, and changes may be negotiated in proposals and prices after being submitted.

  • Competitive Products shall include any product or service that directly or indirectly competes with, is substantially similar to, or serves as a reasonable substitute for, any product or service in research, development or design, or manufactured, produced, sold or distributed by the Company;

  • Competitive solicitation means a formal, advertised procurement process, other than an Invitation to Bid, Request for Proposals, or Invitation to Negotiate, approved by the Board to purchase commodities and/or services which affords vendors fair treatment in the competition for award of a District purchase contract.

  • Competitive Bid Note means a promissory note of the Borrower (bearing an original or facsimile signature) payable to the order of any Lender, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of the Borrower to such Lender resulting from a Competitive Bid Advance made by such Lender.

  • Competitor means any business, individual, partnership, joint venture, association, firm, corporation or other entity, other than the Employer or its affiliates or subsidiaries, engaged, wholly or partly, in Company Activities.

  • competitive bidding process means a competitive bidding process referred to in paragraph 12 (1) (d) of this Policy;