AVAILABILITY OF DEPOSITED FUNDS Sample Clauses

AVAILABILITY OF DEPOSITED FUNDS. Business Entity and Extraco agree that funds deposited through the Remote Deposit process as set forth herein shall be considered deposited in Temple, Texas and will be made available for withdrawal in accordance with the Funds Availability Policy and any amendments thereto as previously provided to Business Entity.
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AVAILABILITY OF DEPOSITED FUNDS. The Availability of Deposited Funds disclosure describes credit union policy in regard to when deposited funds are available for withdrawal. This disclosure of policy applies to transaction accounts. Transaction accounts, in general, are accounts which permit payments to third persons and telephone and pre-authorized transfers to other accounts which accountholders have with Four Points Federal Credit Union. Checking accounts are the most common transaction accounts. No other accounts currently offered by the credit union are defined as transaction accounts. The credit union’s policy is to normally make funds from member deposits available on the first business day after the deposit is received. At that time, funds will normally be available for withdrawal and to pay checks that have been written on the transaction account. However, the credit union reserves the right, at its sole discretion, to delay the availability of funds on an individual deposit basis as described in this document and in compliance with current applicable regulations. Depositors are reminded that even after the credit union has made funds available to depositors, and these funds have been withdrawn, the depositor is still responsible for checks which have been deposited and which are returned to the credit union as unpaid and for any other problems involving the deposit. For determining the availability of funds deposited, every day is a business day except Sundays, Federal holidays, and other closed holidays observed by the credit union. If deposits are made before the end of the business day that the credit union is open, whether received in person, by payroll deduction, or by mail, the credit union will consider that day to be the day of deposit. If a deposit is made afterwards, or on a day the credit union is not open, the deposit will be considered as having been made on the next business day the credit union is open. In some cases the credit union, at its sole option, may not make all of the funds that have been deposited available on the day of deposit. If the credit union is not going to make all of the funds from the deposit available on the day of deposit, you will normally be told of the delay at the time the deposit is made, if made in person. You will also be told when the funds will be available. If the deposit is not made directly in person to an employee of the credit union, or if a decision is made to delay availability of funds after you have left the credit union p...
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AVAILABILITY OF DEPOSITED FUNDS. 5.1 Funds Availability Policy. Some deposits are not available for immediate withdrawal. Our current policy is to make funds from your deposits available to you on the first Business Day after the day we receive your deposit. Funds from deposits of cash made in person to one (1) of our employees, electronic direct deposits and wire transfer deposits will be available on the day we receive the deposit. Funds from the first $100 of deposits of checks made in person to one (1) of our employees will be available on the day we receive the deposit (cash back that you receive from a deposit will not count against this $100). Once the funds are available, you can withdraw them in cash and we will use them to pay checks that you have written. For determining the availability of your deposit, Business Day means Monday through Friday, and does not include Saturdays, Sundays, or federal holidays. If a wire transfer is received by 5:45 p.m. CST on a Business Day that we are open, we will consider that day to be the day of your deposit. However, if a deposit is received on a day we’re not open or we receive a wire transfer after the applicable time mentioned above, we will consider those next Business Day Transactions. *For customers on account analysis, we make your funds available in accordance with Federal regulatory requirements and our check clearing schedule. Please contact your account representative for a copy of the check clearing schedule.
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Related to AVAILABILITY OF DEPOSITED FUNDS

  • Availability of Funds Unless Administrative Agent shall have been notified by any Lender prior to the applicable Credit Date that such Lender does not intend to make available to Administrative Agent the amount of such Lender’s Loan requested on such Credit Date, Administrative Agent may assume that such Lender has made such amount available to Administrative Agent on such Credit Date and Administrative Agent may, in its sole discretion, but shall not be obligated to, make available to Borrower a corresponding amount on such Credit Date. If such corresponding amount is not in fact made available to Administrative Agent by such Lender, Administrative Agent shall be entitled to recover such corresponding amount on demand from such Lender together with interest thereon, for each day from such Credit Date until the date such amount is paid to Administrative Agent, at the customary rate set by Administrative Agent for the correction of errors among banks for three Business Days and thereafter at the Base Rate. If such Lender does not pay such corresponding amount forthwith upon Administrative Agent’s demand therefor, Administrative Agent shall promptly notify Borrower and Borrower shall immediately pay such corresponding amount to Administrative Agent together with interest thereon, for each day from such Credit Date until the date such amount is paid to Administrative Agent, at the rate payable hereunder for Base Rate Loans for such Class of Loans. Nothing in this Section 2.5(b) shall be deemed to relieve any Lender from its obligation to fulfill its Term Loan Commitments and Revolving Commitments hereunder or to prejudice any rights that Borrower may have against any Lender as a result of any default by such Lender hereunder.

  • Determining the Availability of a Deposit The length of the delay is counted in business days from the day of your deposit. The length of delay varies depending on the type and manner of deposit. For determining the availability of funds deposited to your Accounts, for purposes of the Funds Availability Policy, every day is a business day, except Saturdays, Sundays, and federal holidays. All times provided below are Pacific Time. If you make a deposit directly to a teller on a business day while we are open for business (generally 6:30 a.m.-6:30 p.m.), that day is the day of your deposit. If you place your deposit in a Lobby Express Box in Tukwila Financial Center or Xxxxxxx Financial Center before 4 p.m., that day is the day of your deposit. If you place your deposit in a Lobby Express Box in Tukwila Financial Center or Xxxxxxx Financial Center after 4 p.m., the next business day will be the day of your deposit. If you make a deposit at a BECU-owned ATM (displaying our “BECU” logo) or to a teller at a shared branch location before 3 p.m. on a business day, that day will be the day of your deposit. If you make your deposit after 3 p.m. or on a day that is not a business day, the next business day will be the day of your deposit. If you make a deposit at a drop box, a non-BECU-owned ATM, or by mailing it to us through the United States Postal Service (USPS), the day of the deposit will be the business day we process your deposit in our processing center. If you make an Online Deposit or Mobile Deposit before 7 p.m. on a business day, that day will be the day ofyour deposit. If you make your deposit after 7 p.m. on a business day, or on a day that is not a business day, the next business day will be the day of or your deposit. Any deposited check, cashier’s check, draft, or money order that is drawn on a bank outside of the U.S or is issued in any currency other than U.S. dollars (Foreign Item) is exempt from this Funds Availability Policy. Availability of funds from deposited Foreign Items will be delayed for the time it takes us to collect the funds from the paying financial institution and may take anywhere from several weeks to several months before such deposits will be made available to you.

  • Non-Availability of Funds Every payment obligation of the State under this Charter is conditioned upon the availability of funds continuing to be appropriated or allocated for the payment of such obligations. If funds are not allocated and available for the continuance of this Charter, the Commission may terminate this Charter at the end of the period for which funds are available. No liability shall accrue to the Commission, nor the State, or any of its subdivisions, departments or divisions, in the event this provision is exercised, and neither the Commission nor the State shall be obligated or liable for any future payments or for any damages as a result of termination under this paragraph.

  • Availability of State Funds The State of Florida’s performance and obligation to pay under this Agreement are contingent upon an annual appropriation by the Florida Legislature. In the event that the state funds upon which this Agreement is dependent are withdrawn, this Agreement will be automatically terminated and the Division shall have no further liability to the Grantee beyond those amounts already expended prior to the termination date. Such termination will not affect the responsibility of the Grantee under this Agreement as to those funds previously distributed. In the event of a state revenue shortfall, the total grant may be reduced accordingly.

  • AVAILABILITY OF AGREEMENT The employer must ensure that copies of this Agreement and the NES are available to all employees to whom they apply, such as on a notice board which is conveniently located at or near the workplace or through electronic means, whichever makes them more accessible. PART 2 - ENGAGEMENT

  • Payment of Deposits In the event any depositor does not accept the obligation of the Assuming Institution to pay any Deposit liability of the Failed Bank assumed by the Assuming Institution pursuant to this Agreement and asserts a claim against the Receiver for all or any portion of any such Deposit liability, the Assuming Institution agrees on demand to provide to the Receiver funds sufficient to pay such claim in an amount not in excess of the Deposit liability reflected on the books of the Assuming Institution at the time such claim is made. Upon payment by the Assuming Institution to the Receiver of such amount, the Assuming Institution shall be discharged from any further obligation under this Agreement to pay to any such depositor the amount of such Deposit liability paid to the Receiver.

  • Payment of Deposit The Buyer must pay the Deposit to the Developer. The Developer agrees to accept the payment of the Deposit in 2 instalments as follows:

  • Availability of Funding This Agreement and all claims, suits, or obligations arising under or related to this Agreement are subject to and limited by the receipt and availability of funds which are received from the Participating Entities by NCTCOG dedicated for the purposes of this Agreement.

  • Judicial Council 's Obligation Subject to Availability of Funds A. The Judicial Council's obligation under this Agreement is subject to the availability of authorized funds. The Judicial Council may terminate the Agreement or any part of the Contract Work, without prejudice to any right or remedy of the Judicial Council, for lack of appropriation of funds. If expected or actual funding is withdrawn, reduced, or limited in any way prior to the expiration date set forth in this Agreement, or in any Amendment hereto, the Judicial Council may, upon written Notice to the Contractor, terminate this Agreement in whole or in part. Such termination shall be in addition to the Judicial Council's rights to terminate for cause or other than for cause, as set forth herein.

  • Availability of Lands The Owner will furnish, as indicated in the Contract, all required rights to use the lands upon which the Work occurs. This includes rights-of-way and easements for access and such other lands that are designated for use by the Contractor. The Contractor shall comply with all Owner-identified encumbrances or restrictions specifically related to use of lands so furnished. The Owner will obtain and pay for easements for permanent structures or permanent changes in existing facilities, unless otherwise required in the Contract Documents.

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