Funding and Settlement. Program Manager will provide a Funding Statement to Bank by e-mail or as otherwise mutually agreed in writing by the Parties not later than 3:00 p.m. CST on each Business Day. The Funding Statement shall be substantially in the form of Exhibit E attached hereto. The Program Manager shall submit ACH files on behalf of Bank to the Bank’s payment processor to initiate the transfer of funds from the Bank’s Funding Account(s) (such Funding Account or Funding Accounts as initially identified on Exhibit F hereto) to the Borrower or Merchant, as appropriate.
Funding and Settlement. (a) The second sentence of Section 2.05(a)(i) of the Financing Agreement is hereby amended in its entirety to read as follows: "If either (1) the Administrative Borrower gives a Notice of Borrowing requesting a Eurodollar Loan and the Agent has agreed to make such Loan or (2) the Administrative Borrower gives a Notice of Borrowing requesting a Prime Rate Loan and the Agent agrees to make such Loan and elects not to fund such Loan on behalf of the Lenders, then promptly after receipt of the Notice of Borrowing requesting such Loan, the Agent shall notify each Lender of the specifics of the requested Loan and that it will not fund the requested Loan on behalf of the Lenders. If the Agent notifies the Lenders that it will not fund a requested Loan on behalf of the Lenders, each Lender shall make its Pro Rata Share of the Loan available to the Agent, in immediately available funds, at the Payment Office no later than 3:00 p.m. (New York City time) (provided that the Agent requests payment from such Lender not later than 12:00 noon) on the date of the proposed Loan."
Funding and Settlement. I/We understand and agree that all purchase transactions require pre-funding of My/Our brokerage accounts and APT is under no obligation to consummate a transaction where there are insufficient funds or securities in the account. However, if for some reason APT is unable to settle a transaction by reason of My/Our failure to make payment or deliver securities in good form and should APT in its own discretion decide to complete the transaction, I/We authorize APT to take steps necessary to complete the transaction in which event I/We agree to reimburse APT for all costs, losses or liabilities incurred. All payments for the funding of My/Our account as well as withdrawals from My/Our accounts shall be by way of a crossed cheque or bank transfer in line with federal legislative provisions and APT will not be obliged to pay interest on any unutilized credit balances in my/our account. Note that it is the policy of APT SECURITIES AND FUNDS LIMITED not to engage in cash transactions and as such shall not be held responsible for any liability arising from such transactions. All payment instruments must be drawn in the name of APT SECURITIES AND FUNDS LIMITED and not in any other form. Third party cheques are not acceptable and lodgement of dividend warrants into an account other than that of the holder will not be honoured.
Funding and Settlement
