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Settlement Transfer definition

Settlement Transfer means a Transfer of Financial Products that gives effect to an Instruction.
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Settlement Transfer means the transfer of cash or other property with respect to any credit or debit card charge, check or other instrument, electronic funds transfer, or other type of paper-based or electronic payment, transfer, or charge transaction for which a Person acts as a processor, remitter, funds recipient or funds transmitter in the ordinary course of its business.
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Examples of Settlement Transfer in a sentence

  • Any day on which the Trans-European Automated Real-Time Gross Settlement Transfer (TARGET) System is open.

  • If there are comments on the Settlement Administrator’s calculation of the Settlement Transfer Amount, the Parties and the Settlement Administrator will cooperate diligently to resolve any issues with the calculation.

  • A Business Day shall be regarded any day on which banks in Munich are open for ordinary business and payments denominated in Euros can be settled in TARGET2 ("Trans-European Automated Real-Time Gross Settlement Transfer 2").

  • After the Parties confirm the Settlement Transfer Amount, the Settlement Administrator will issue the Payment Direction to the Defendants.

  • Within 45 calendar days after the Payment Direction is received, the Defendants will pay the Settlement Transfer Amount to the Settlement Administrator.

  • Within 5 calendar days after completing section 20 above, the Settlement Administrator will notify the Parties of the number and total sum of Eligible Economic Loss Claim Payments and calculate the Settlement Transfer Amount in accordance with Appendix A.

  • In this Clause 25.15, "all relevant steps" means all such steps as may be prescribed from time to time by the regulations or operating procedures of the Trans-European Automated Real-Time Gross Settlement Transfer System (TARGET) or any system which replaces TARGET for the purposes of clearing or settling payments of the euro.

Related to Settlement Transfer

  • Payment Transaction means an act, initiated by the payer or on his behalf or by the payee, of placing, transferring or withdrawing funds, irrespective of any underlying obligations between the payer and the payee;

  • Document Transfer Event As defined in the Pooling and Servicing Agreement.

  • Subsequent Transfer Instrument: Each Subsequent Transfer Instrument, dated as of a Subsequent Transfer Date, executed by the Trustee and the Depositor substantially in the form attached hereto as Exhibit I, by which Subsequent Loans are transferred to the Trust Fund.

  • Replacement Transaction means, with respect to any Terminated Transaction or group of Terminated Transactions, a transaction or group of transactions that (i) would have the effect of preserving for Party B the economic equivalent of any payment or delivery (whether the underlying obligation was absolute or contingent and assuming the satisfaction of each applicable condition precedent) by the parties under Section 2(a)(i) in respect of such Terminated Transaction or group of Terminated Transactions that would, but for the occurrence of the relevant Early Termination Date, have been required after that Date, and (ii) has terms which are substantially the same as this Agreement, including, without limitation, rating triggers, Regulation AB compliance, and credit support documentation, save for the exclusion of provisions relating to Transactions that are not Terminated Transaction, as determined by Party B in its sole discretion, acting in a commercially reasonable manner.

  • Post-Event Transferee shall have the meaning set forth in Section 7(e) hereof.

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