Access to Funds Sample Clauses
The "Access to Funds" clause defines the conditions under which a party is permitted to use or withdraw money from a specified account or pool of funds. Typically, this clause outlines who has authority to access the funds, any restrictions or prerequisites for withdrawal, and the timing or process for making funds available. For example, it may require certain documentation or approvals before funds can be released, or specify that funds are only accessible after certain milestones are met. The core function of this clause is to ensure clear, agreed-upon procedures for accessing money, thereby preventing disputes and safeguarding the interests of all parties involved.
Access to Funds. You may only access the balances held in your Cash Sweep Vehicle through your Account. As required by federal banking regulations, the Program Banks reserve the right to require seven days prior notice before permitting a transfer out of the Bank Deposit Sweep Programs. The Program Banks have no intention of exercising this right at the present time. Pursuant to SEC rules, Money Market Funds may impose a fee on redemptions (liquidity fee) of up to 2% or a suspension of redemptions (gate) if a fund's weekly liquid assets fall below 30% of its total assets, and if the fund's board considers such actions in the best interest of the fund's shareholders. In addition, the Money Market Funds may reserve the right to require one or more days prior notice before permitting withdrawals. Please refer to the fund's prospectus for further information. The rate of return for each available Cash Sweep Vehicle can be obtained from your financial professional or by calling the general inquiries phone number listed on your Account statement or found on our Clearing Firm’s website at ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. These rates will vary over time and may be lower than rates available to customers making deposits directly with the Program Banks or at other banks, or available by investing directly in other money market mutual funds not offered through the Cash Sweep Program. You will receive the same interest rate on deposits at the Program Banks in the Bank Deposit Sweep Programs. The interest rate for the Bank Deposit Sweep Programs is based on prevailing business and economic conditions, and is set by the Clearing Firm, working with the Program Banks. The Clearing Firm and the Program Banks can, at their and the Program Banks' sole discretion, change the rate at any time. The rate will be based upon account type and with certain exceptions the total household value of assets in your Account(s) with us such that customers in higher asset tiers will generally receive higher interest rates. The total household value will include any balances in the Bank Deposit Sweep Programs, as well as all other assets listed in your Account statements. The grouping of accounts into a household can be performed by your Advisor based on account eligibility and family relationships. In general, a household may contain all of your personal accounts as well as the accounts of your spouse or domestic partner, dependents, and wholly-owned businesses. Retirement and (Clearing Firm related) Advi...
Access to Funds. 14 4.10 Reliance on Company SEC Reports...............................................14
Access to Funds. Buyer has, or has immediate access to, and will have on the Closing Date, sufficient cash to meet its obligations under Section 2.2.
Access to Funds. The Acquiror has, or on the Closing Date will have, all funds necessary to consummate the Merger and pay the aggregate Merger Consideration.
Access to Funds. You may access the funds in the Account only with your Card in accordance with this Agreement. You may not make any deposit, withdrawal or any other transaction with the Card or the Account, except for the Card transactions described in this Agreement. You may add funds to your Account at any time.
Access to Funds. The day of deposit will be considered to be the day we receive the Image in the province where your Account is located. Funds will be credited to your Account immediately upon receipt of the Image but availability and access to the funds will be subject to HSBC’s Hold Policy and your access to funds limit.
Access to Funds. Images will be processed as if they are the original paper Instrument, and subject to the same terms and conditions of the Deposit Account Agreement and Client Card Agreement, including our standard hold policy and access to funds limits. In particular, deposit of an Instrument to your Deposit Account using Mobile Cheque Deposit will be treated as though you deposited the Instrument at an RBC Royal Bank ATM. Images deposited using Mobile Cheque Deposit are subject to, and form part of, the same maximum deposit limits and release amounts that apply to deposits made at a RBC Royal Bank ATM using your client card.
Access to Funds. ▇▇▇▇▇▇▇ has, and on the Closing Date will have, access to all funds necessary to consummate the Merger and pay the aggregate Cash Consideration.
Access to Funds. The Bank has, and on the Closing Date, will have, access to all funds necessary to consummate the Merger and pay the entire cash portion of the Aggregate Merger Consideration and the aggregate amount of cash payable to the holders of Stock Options pursuant to Section 1.7 hereof.
Access to Funds. Parent has access to sufficient funds to consummate the First Company Merger and the other transactions contemplated hereby on the terms and subject to the conditions contemplated hereby.