Common use of Provisional Payment of Received Transfers Clause in Contracts

Provisional Payment of Received Transfers. The credit extended to You by the Bank for transferred funds is provisional until the Bank receives final payment of the amount transferred. Should the Bank not receive payment for the funds, You agree to reimburse the Bank for the Transfer amount. An unaccepted Transfer is cancelled, as provided by law, at the close of the fifth Business Day.

Provisional Payment of Received Transfers. 1. The credit extended to You provided by the Bank for the transferred funds is provisional until the Bank receives the final payment in the amount of the amount transferredtransfer. 2. Should If the Bank does not receive payment for the fundspayment, You you agree to reimburse the Bank for the Transfer amountamount of the transfer. 3. An unaccepted Transfer payment order is cancelled, as provided cancelled by law, law at the close of the fifth Business Day(5th) business day for transfer of funds.