Authorized Transfer Definition | Law Insider (2024)

  • Authorized Transferee means a Qualified Trust of Xxxxx X. Xxxxxx or of any member of a Family Group that (a) would be a Permitted Transferee of the Partner engaging in a Transfer of Partnership Interests under the Certificate of Incorporation of each Company in which the Partnership owns Class B Shares, if such Partner were Transferring Class B Shares instead of Partnership Interests; (b) is eligible to be a Partner of the Partnership without causing any Class B Shares then held by the Partnership to be converted into Class A Shares pursuant to the applicable Certificate of Incorporation; and (c) is a Participating Stockholder of each Company whose Class B Shares are owned by the Partnership, but only if such Qualified Trust (i) is a Partner immediately prior to the Transfer of Partnership Interests to such Qualified Trust or (ii) prior to or simultaneously with such Transfer, executes and delivers to the Partnership a counterpart of this Agreement, executed by the trustee of such Qualified Trust, agreeing to be subject to the restrictions and obligations of a Partner hereunder and to hold all Partnership Interests then owned or later acquired by such Qualified Trust in accordance with the terms of this Agreement, such counterpart to be substantially in the form of Exhibit 1 hereto. In particular, a Qualified Trust may not necessarily qualify under clauses (a) and (b) above. Therefore, care must be given to ensure that, for purposes of determining whether a Qualified Trust is an Authorized Transferee, such Qualified Trust qualifies under clauses (a) and (b) above. In addition, an “Authorized Transferee” of a General Partnership Interest also includes a “Qualified Entity” (defined in Section 1.18 below).

  • Authorized Trader means any natural person associated with a Participant and, if applicable, a DMA Customer who (i) has TradingAccess to the SEF operated by BSEF using a Participant ID and (ii) is assigned a valid Trader ID.

  • Authorized Third Party means an entity that:

  • Electronic Fund Transfer means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone or other electronic device capable of communicating with such financial institution, wire transfers, and automated clearinghouse transfers.

  • Transfer Form means a standardized form prescribed by the Management Company to be duly filed by the investor to transfer Units and will be stated in this Offering Document.

  • Electronic File Transfer means any system or process that utilizes an electronic format and protocol to send or receive data files.

  • Excluded Transfer means any transfer of VRDP Shares (1) to a TOB Trust in which BANA and/or its Affiliates collectively own all of the residual interests, (2) in connection with a distribution in-kind to the holders of securities of or receipts representing an ownership interest in any TOB Trust in which BANA and/or its Affiliates collectively own all of the residual interests, (3) in connection with a repurchase financing transaction or (4) relating to a collateral pledge arrangement.

  • Permitted Transfer has the meaning set forth in Section 10.02.

  • Transfer Instruction is a specific information provided for a transfer to be made that you provide to the Account to Account Transfer Service for a transfer of funds.

  • Unauthorized Third Party means any person or entity that, at the time of the Computer Fraud, is not an Authorized User.

  • Transfer Any direct or indirect transfer or sale of any Ownership Interest in a Residual Certificate.

  • Transfer Instructions are the information that you provide when using the Service. “Us,” “We,” and “Our” means Credit Union.

  • Authorized User means one named employee, contractor or agent of Customer (each identified by a unique email address) for whom Customer has purchased a subscription to the Subscription Services and who is authorized by Customer to access and use the Services under the rights granted to Customer pursuant to this Agreement.

  • Authorized Instructions shall have the meaning set forth in Section 1.5.

  • Authorized Driver means any of the following:

  • Authorized Users(s) means an individual or individuals with a business need to access DSHS Confidential Information, and who has or have been authorized to do so.

  • Custody transfer means the transfer of produced crude oil and/or condensate, after processing and/or treating in the producing operations, from storage tanks or automatic transfer facilities to pipelines or any other forms of transportation.

  • Type II transfer means that phrase as defined under Section 3 of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.103.

  • Initial Additional Authorized Representative has the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Authorized Use The Student Data shared pursuant to the Service Agreement, including persistent unique identifiers, shall be used for no purpose other than the Services outlined in Exhibit "A" or stated in the Service Agreement, or authorized under the statutes referred to herein by this DPA. Provider may use or disclose data to: 1190353v1

  • Exempt Transfer means, in relation to shares held by a member:

  • Transfer Order means a transfer order issued pursuant to subsection 40(1) of the CCA transferring this Agreement from the LHIN to Ontario Health;

  • Authorized Recipient means (1) the Shareholder of Record, or (2) any other Officially Designated person to whom redemption proceeds may be sent.

  • Authorized By s/Xxxxxxx X. Xxxxx ACCEPTED: ___/s/Xxx O’Donnell_______ Fund Officer State Street Vice President Authorization Matrix Explanation of Fields Client: Indicate the name of the Client and the Fund name or if multiple funds, attach a list of fund names Primary Source: Indicate the primary source for prices for the security type. If an Investment Manager is a pricing source, please specify explicitly.

  • Contractors authorized to accompany the Force, or “CAAF,” means contractor personnel, including all tiers of subcontractor personnel, who are authorized to accompany U.S. Armed Forces in applicable operations and have been afforded CAAF status through a letter of authorization. CAAF generally include all U.S. citizen and third-country national employees not normally residing within the operational area whose area of performance is in the direct vicinity of U.S. Armed Forces and who routinely are collocated with the U.S. Armed Forces (especially in non-permissive environments). Personnel collocated with U.S. Armed Forces shall be afforded CAAF status through a letter of authorization. In some cases, Combatant Commander subordinate commanders may designate mission-essential host nation or local national contractor employees (e.g., interpreters) as CAAF. CAAF includes contractors previously identified as contractors deploying with the U.S. Armed Forces. CAAF status does not apply to contractor personnel in support of applicable operations within the boundaries and territories of the United States.

  • Authorized delegate means a person a licensee designates to provide money services on behalf of the licensee.

  • Authorized Transfer Definition | Law Insider (2024)

    FAQs

    What is an authorized transfer? ›

    Authorized Transfer means the acquisition of any equity interest in Buyer by any person or entity (an “Acquiror”); provided that (i) such acquisition is permitted by and in accordance with the Members' Agreement entered into by the members of Buyer on the date hereof (as such agreement may be amended by the parties), ...

    What is the legal definition of a transfer? ›

    Transfer is an act by virtue of which title of a property is voluntarily conveyed from one person to another. It is a way of disposing of a property or an asset in the form of sale, money transfer, lease, license, lien, gift, etc.

    What is transfer authorization? ›

    Intercompany transfer authorization is the specific instance of intercompany transfer that needs to be executed following the financial route specified in the agreement. Each transfer authorization can represent a new forward transaction such as a new loan or interest on loan.

    What constitutes an authorized transaction? ›

    An authorized transaction is a debit or credit card purchase for which the merchant has received approval from the bank that issued the customer's payment card. After a credit card is swiped, the payment system sends the card's details to the merchant's bank, who is the lead facilitator on an electronic transaction.

    What is the definition of transfer in Black's Law Dictionary? ›

    Transfer is an act of the parties, or of the law, by which the title to property is con- veyed from one living person to another.

    What is the actual definition of transfer? ›

    to convey or remove from one place, person, etc., to another: He transferred the package from one hand to the other. to cause to pass from one person to another, as thought, qualities, or power; transmit. Law. to make over the possession or control of: to transfer a title to land.

    What is the formal definition of transfer? ›

    The action or process of transferring; conveyance from one place, person, or thing to another; transfer. transfer1785– gen. The act of transferring or fact of being transferred; conveyance or removal from one place, person, etc. to another; transference; transmission.

    Who can authorize transfers on your bank account? ›

    Only the consumer may authorize the transfer and not, for example, a third-party merchant on behalf of the consumer.

    What does it mean when a payment has been authorized? ›

    Payment authorization is when an issuing bank gives the green light on a transaction, confirming it's prepared to release funds from the customer's account. But before this authorization is granted, the issuing bank conducts thorough checks.

    What is an example of a transaction authorization? ›

    For example, an email that allows users to unlock a user account by providing them with a secret code or a link that has a token contains a transaction authorization. A transaction authorization can be implemented with methods such as: A card that has a transaction authorization number.

    What is money transfer authorized? ›

    An Automated Clearing House (ACH) authorization is a payment authorization that gives the lender permission to electronically take money from your bank, credit union, or prepaid card account when your payment is due. You can revoke this authorization.

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