Fund Ownership Sample Clauses

Fund Ownership. Payments to Recipients (other than Fees) do not pass into Xxxxx’x legal ownership at any time from payment initiation to successful delivery, including any subsequent refunds. • Xxxxx uses a master bank account at Evolve Bank & Trust (Evolve) that is held in Evolve’s name. The account title also shows that this account is for the benefit of customers of Melio. Xxxxx has the right to instruct Evolve on the use of funds in the account, including to receive funds from you and to then send funds to your Recipient based on your instructions. Evolve transfers all funds for the benefit of Xxxxx’x customers.
Sample 1
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Fund Ownership. Payments to Recipients (other than Fees) do not pass into Xxxxx’x legal ownership at any time from payment initiation to successful delivery, including any subsequent refunds. FOR TEXAS RESIDENTS ONLY: To the extent that Xxxxx collects payment or payment instructions from you for transmission to Recipients, it does so on behalf of Evolve as Evolve’s limited payment collection agent. Accordingly, payment to Melio shall be considered the same as payment made directly by you to Evolve. Upon your delivery of funds to Melio, your payment obligation to Evolve is extinguished, and Xxxxx is responsible for remitting the received funds to Evolve. If Xxxxx fails to remit any such amounts it receives from you to Evolve, Melio is solely liable to Evolve for the funds, and you shall not have liability thereof. • Xxxxx uses a master bank account at Evolve that is held in Evolve’s name and owned by Evolve. The account title also shows that this account is for the benefit of customers of Melio. You xxxxx Xxxxx the right to instruct Evolve on the use of funds in the account, including to receive funds from you and to then send funds to your Recipient based on your instructions. Evolve transfers all funds for the benefit of Xxxxx’x customers upon Xxxxx’x instructions.
Sample 1
Fund Ownership. The Fund will own its respective right, title, and interest, including Intellectual Property Rights, in and to the Fund Data. The Fund hereby grants BNYM a limited, nonexclusive, nontransferable license to access and use the Fund Data, and consents to BNYM’s permitting access to, transferring and transmitting Fund Data, all as appropriate to the Fund’s use of the Licensed Rights or as contemplated by the Documentation.
Sample 1
Fund Ownership. Payments to Recipients (other than Fees) do not pass into Koverly’s legal ownership at any time from payment initiation to successful delivery, including any subsequent refunds. • Koverly uses bank accounts at each of the Banks that are established at Koverly’s request and held in the Banks’ name and for the benefit of customers of Koverly. You grant Koverly the right to instruct the Banks on the use of funds in the accounts, and authorize Bank(s) to process these instructions on your behalf, including to receive funds from you and to then send funds to your Recipient based on your instructions. The Banks process the transfer of all funds for the benefit of Koverly’s customers upon Xxxxxxx’s instructions.
Sample 1

Related to Fund Ownership

  • Data Ownership BA acknowledges that BA has no ownership rights with respect to the Protected Information.

  • Record Ownership The Company, or its attorney, shall maintain a register of the Holder of the Debentures (the "Register") showing their names and addresses and the serial numbers and principal amounts of Debentures issued to them. The Register may be maintained in electronic, magnetic or other computerized form. The Company may treat the person named as the Holder of this Debenture in the Register as the sole owner of this Debenture. The Holder of this Debenture is the person exclusively entitled to receive payments of interest on this Debenture, receive notifications with respect to this Debenture, convert it into Common Stock and otherwise exercise all of the rights and powers as the absolute owner hereof.

  • Management, Ownership The Company shall not materially change its ownership, executive staff or management without the prior written consent of the Secured Party. The ownership, executive staff and management of the Company are material factors in the Secured Party's willingness to institute and maintain a lending relationship with the Company.

  • Account Ownership Based upon the type of account ownership that you have designated; the following terms and conditions apply.

  • Stock Ownership Attached hereto as Schedule 8 is a true and correct list of all the duly authorized, issued and outstanding stock of each Subsidiary and the record and beneficial owners of such stock. Also set forth on Schedule 8 is each equity Investment of the Borrower and each Subsidiary that represents 50% or less of the equity of the entity in which such investment was made.

  • Share Ownership No officer or director or any direct or indirect beneficial owner (including the Insiders) of any class of the Company’s unregistered securities is an owner of shares or other securities of any member of FINRA participating in the Offering (other than securities purchased on the open market).

  • Capital Stock and Ownership The Capital Stock of each of Holdings and its Subsidiaries has been duly authorized and validly issued and is fully paid and non-assessable. Except as set forth on Schedule 4.2, as of the date hereof, there is no existing option, warrant, call, right, commitment or other agreement to which Holdings or any of its Subsidiaries is a party requiring, and there is no membership interest or other Capital Stock of Holdings or any of its Subsidiaries outstanding which upon conversion or exchange would require, the issuance by Holdings or any of its Subsidiaries of any additional membership interests or other Capital Stock of Holdings or any of its Subsidiaries or other Securities convertible into, exchangeable for or evidencing the right to subscribe for or purchase, a membership interest or other Capital Stock of Holdings or any of its Subsidiaries. Schedule 4.2 correctly sets forth the ownership interest of Holdings and each of its Subsidiaries in their respective Subsidiaries as of the Closing Date.

  • Equity Interests and Ownership The Equity Interests of each of Borrower and its Subsidiaries have been duly authorized and validly issued and are fully paid and non-assessable. Except as set forth on Schedule 4.2, as of the date hereof, there is no existing option, warrant, call, right, commitment or other agreement to which Borrower or any of its Subsidiaries is a party requiring, and there is no membership interest or other Equity Interests of Borrower or any of its Subsidiaries outstanding which upon conversion or exchange would require, the issuance by Borrower or any of its Subsidiaries of any additional membership interests or other Equity Interests of Borrower or any of its Subsidiaries or other Securities convertible into, exchangeable for or evidencing the right to subscribe for or purchase a membership interest or other Equity Interests of Borrower or any of its Subsidiaries. Schedule 4.2 correctly sets forth the ownership interest of Borrower and each of its Subsidiaries as of the Third Restatement Date.

  • Initial Capital Contribution and Ownership The Trust Beneficial Owner has paid or has caused to be paid to, or to an account at the direction of, the Trustee, on the date hereof, the sum of $15 (or, in the case of Notes issued with original issue discount, such amount multiplied by the issue price of the Notes). The Trustee hereby acknowledges receipt in trust from the Trust Beneficial Owner, as of the date hereof, of the foregoing contribution, which shall be used along with the proceeds from the sale of the series of Notes to purchase the Funding Agreement. Upon the creation of the Trust and the registration of the Trust Beneficial Interest in the Securities Register (as defined in the Trust Agreement) by the Registrar in the name of the Trust Beneficial Owner, the Trust Beneficial Owner shall be the sole beneficial owner of the Trust.

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