Calls for Funds Sample Clauses

Calls for Funds. The withdrawals from the Bank Account are paid for by the balance Customer maintains in the Bank Account. This balance will be drawn down each FSA claims administration banking day to satisfy the previous day’s liability. Every business day, United will notify Customer of the funding amounts that are due by providing a funding notification and an associated detail report to Customer, via electronic mail, by 9:30 am CST/10:30 am EST. The daily funding notification shall reflect the aggregated claims charges that United has processed and has paid electronically, or if paid by check has cleared through United’s omnibus check writing bank account for payment for the prior daily Bank days’ period ending on the prior business day. The detail report identifies the payments by structure. If United does not provide the daily funding notification to Customer by 9:30 am CST in accordance with this Section, Customer shall not be required to fund the amount of the funding notification due until the following business day. If the day that the funding notice is provided pursuant to this Section is a Bank holiday (where the Bank is closed), United shall provide the daily funding notification on the immediately preceding business day that is not a Bank holiday. If the day that the funding notice is provided pursuant to this Section is a County Holiday or Staff Development day United shall provide the daily funding notification and the County will process the payment funding on the next business day. Upon notice to Customer of the amount due, Customer will fund the designated amount(s) within one business days via wire transfer to the designated Bank Account for payment of Plan benefits. Customer will initiate the fund transfers unless United determines that Customer fails to comply with the material funding and financial obligations specified in this Agreement. If such a condition occurs, Customer agrees to authorize United to initiate the transfers. The number of days between transfers and the method of transfer are based Customer's compliance with material financial obligations. United reserves the right to increase the frequency of such fund transfers and/or change the method of transfer if United determines, based on reasonable information and belief, that Customer continues to fail to comply with the material financial obligations specified in this Agreement.
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Calls for Funds. After the declaration of a Commercial Discovery, Operator shall be entitled to make to First Party and each company comprising Second Party calls for the funds (“Cash Calls”) to be contributed by such Party according to the Budget approved by the Management Committee and pursuant to the provisions of this Article 14, and First Party and each company comprising Second Party shall pay to Operator its share of the funds called as specified in the Accounting Procedure attached hereto as Exhibit “C”.
Sample 1
Calls for Funds. The withdrawals for Plan benefits are paid for by the balance Customer maintains in the DDA. Every business day, Customer will transfer to the DDA the amount of funds which have been requested that day for Customer's issued drafts and all non-draft activity. Customer will transfer that amount using a method agreed upon by Customer, United and the bank.
Sample 1

Related to Calls for Funds

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