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Customer Funds Sample Clauses

Customer FundsThe Company shall handle the funds deposited by the Client with the Company in accordance with the provisions of the Client Money Rules set out in the Authorized Persons Regulations. The Client’s funds shall be separated from the Company’s assets unless otherwise provided in this Agreement.
Customer FundsDuring the term of this Agreement and at the times that AT&T contributes marketing funds, Customer will contribute an equal amount of funds for similar marketing activities; provided that funds contributed by Customer may be used to subsidize the price of Wireless Data Units for End Users.
Customer Funds. Customer funds held in the Sweep Destination Account shall be aggregated for purposes of FDIC deposit insurance, subject to the per depositor maximum deposit insurance amount limits for each Aspiration Customer subject to Section 7.7(a) below. Coastal recognizes that all money deposited into the Sweep Destination Account belongs to Aspiration’s Customers and will be kept separate from all other accounts maintained by Coastal for Aspiration; and Coastal will not subject the monies in the Sweep Destination Account to any right, charge, security interest, lien or claim of any kind against Aspiration in favor of Coastal or any person claiming through Coastal.
Customer Funds. 62.1 Without prejudice to the provisions of the immediately preceding Section of this Agreement, all Assets (including, without limitation, cash, or only in those instances in which we may agree otherwise, other assets, such as collateral handed over by you to us, or which we hold on your behalf for the provision of our Services (“Customer Funds”), will be held in an account with a reputable custodian, credit institution or bank, or with electronic payment providers/processors approved by us, and will be segregated from our own funds in accordance with the applicable Guidelines. Your Customer Funds may be pooled with the funds of other customers in a general omnibus account. 62.2 We will not be liable for any failure or insolvency of any custodian, credit institution, bank or third party holding your Customer Funds; however, applicable investor compensation or deposit protection schemes may protect a proportion of your Customer Funds that are held with any with a custodian, credit institution or bank or third party. 62.3 Unless you notify us beforehand and in writing, we may allow a third party, such as an exchange, a clearing house or an intermediate broker to hold all control all or part of your Customer Funds, where we transfer your Customer Funds: (a) for the purposes of a Transaction you have entered into, or are entering into with such third party; or (b) to meet your obligations to provide Collateral or Margin for a Transaction (e.g. an initial Margin requirement for a derivative Transaction). 62.4 Unless otherwise determined and stated “in the terms agreed upon by mutual consent of the Parties”, any amount payable by us to you, shall be paid directly to you and not to any other Person, except in those instances there this has been agreed upon by mutual consent of the Parties. 62.5 Without prejudice to any other provisions of this Agreement, we may, at our sole discretion, from time to time and without your prior authorization, set-off any amounts held on your behalf against your obligations to us and/or merge any of your Accounts with us. 62.6 You are entitled to withdraw the funds which are not used for Margin covering, free from any obligations (“Free Margin”) from your Account with us, without closing your Account.
Customer Funds. All Custodian PEATS Customer funds shall be held by Custodian in accordance with Exchange Act Rule 15c2-4 and be treated as customer funds in accordance with SEC Rule 15c3-3.
Customer Funds. Funds held in the Omnibus Account(s) are insured by the FDIC, subject to the per depositor maximum deposit insurance amount limits for each Aspiration Customer. Coastal recognizes that all money deposited into the Omnibus Account(s) belongs to Aspiration’s Customers and will be kept separate from all other accounts maintained by Coastal for Aspiration; and Coastal will not subject the monies in the Omnibus Account(s) to any right, charge, security interest, lien or claim of any kind against Aspiration in favor of Coastal or any person claiming through Coastal.
Customer Funds. No Customer funds shall be used in the development or procurement of any tangible or intangible materials, or any aspect of the Courses, curriculum or educational materials used in connection with the Education Products and Services Xxxxxxx provides in furtherance of its obligations set forth in the Agreement. Customer funds paid to Xxxxxxx for products delivered and/or services rendered in accordance with the terms of this Agreement shall not be deemed Customer funds once such payment is received by Xxxxxxx.
Customer Funds. (i) Parent shall have verified on the Closing Date (1) with each financial institution maintaining a Customer Fund Account, that the Customer Funds therein are within $1,500,000 of the amount that is sufficient to satisfy for the relevant periods (disregarding the Designated Accounts Receivable), in each case, (A) the Acquired Companies’ obligations to disburse or remit Customer Funds and (B) the obligation(s) of the Company’s customers for which such Customer Funds were collected, and (2) that the representations and warranties of the Company in Section 4.6(c)(iv) remain true and correct in all material respects. (ii) The Company shall have provided Parent with respect to all Customer Fund Accounts listed, or required to be listed, on Schedule 4.6(c), all signature cards or other documents required to change the Persons authorized to direct the use of the funds in such Customer Fund Accounts, to Parent or its or their employees immediately at Closing.
Customer Funds. If you have chosen to trade from the on-site private escrow account, then you understand that: a) When you transfer ETH to us on your behalf or ETH is credited by us to your account, such ETH will be held inside an ETH address controlled by a smart contract. Money collected from you, when the on-site wallet option is preferred, are not invested in any securities, futures, currencies, derivatives or other investments, on your behalf. b) Your account should not be used as an ETH wallet and you should only add funds with a view to place contracts. c) Any client money unclaimed by you on a trading account which has not been active for at least one (1) year may be paid away to a registered charity of our choice. d) We may discontinue treating any money held on your behalf as client money and release such money from the ETH account if you have not traded in the previous one (1) year and we have not been able to contact you after making reasonable efforts. e) When you transfer funds to us, your ETH transaction will be cleared through the Ethereum blockchain when the Ethereum Network processes your transaction which may depend on network congestion and gas conditions applied by you. Your account will be credited when the ETH reaches the corresponding smart contract. f) to make a withdrawal, you must submit a request via our platforms by using the relevant interface inside the platform and the amount will be returned to the same ETH address making the initial deposit. When choosing to withdraw you have to incur the gas cost for the withdrawal. g) If there is a Force Majeure Event, a Market Disruption Event or if we determine that a Hedging Disruption has occurred, or may occur, then we reserve the right to not release any payment to you, if we are restricted to do so by these events. When trading from the off-site private wallet, you understand that h) there is no need for any deposit to any private escrow account or smart contract. i) All trades are initiated directly from your account, and the only amount leaving your wallet for each corresponding trade initiated will be sitting on the corresponding smart contract. j) You understand that you have to pay the gas for initiating a trade. k) After a successful trade, the profit of the trade will be immediately sent to your account from the smart contract but may not reach your account immediately due to network congestion.
Customer Funds. 9.1 The Introducer will ensure that all monies provided by the Customer and payment for settlement of transactions executed by Eagle GM Ltd will be paid by the Customer directly to Eagle GM Ltd or to Eagle GM Ltd’s designated segregated bank account(s) or collection agent. 9.2 The Introducer agrees that should a customer send a payment for settlement of a transaction executed by Eagle GM Ltd for the Introducer then the Introducer immediately upon receipt will deposit the funds in Eagle GM Ltd’s segregated customer funds account or send it to Eagle GM Ltd‘s designated collection agent, and notify Eagle GM Ltd in writing of the receipt.