Common use of Funds Applied to Client’s Funding Balance Clause in Contracts

Funds Applied to Client’s Funding Balance. AFEX will credit all funds purchased by Client or paid to it by Client, or a third party on Client’s behalf for Incoming Payments, as defined below, to a Funding Balance. Client acknowledges and agrees that AFEX shall not pay interest to Client on Funding Balance.

Appears in 3 contracts

Samples: Part v – Terms and Conditions, Part Viii – Terms and Conditions, Part Viii – Terms and Conditions

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Funds Applied to Client’s Funding Balance. AFEX will credit all funds purchased by Client or paid to it by Client, or a third party on Client’s behalf for Incoming Payments, as defined below, Client in relation to an Order where Client has not provided Delivery Instructions to a Funding Balance. Client acknowledges and agrees that AFEX shall not pay interest to Client on Funding Balance.

Appears in 3 contracts

Samples: Application and Agreement, Application and Agreement, Application and Agreement

Funds Applied to Client’s Funding Balance. AFEX will credit all funds purchased by Client or paid to it by Client, or a third party on Client’s behalf for Incoming Payments, as defined below, to a Funding Balance. Client acknowledges and agrees that AFEX shall not pay interest to Client on Funding Balance.. BUS_ACC_OPEN_CA_1018_AR

Appears in 1 contract

Samples: Terms and Conditions

Funds Applied to Client’s Funding Balance. AFEX will credit all funds purchased by Client or paid to it by Client, or Client in relation to an Order where Client has not provided Delivery Instructions for delivery to a third party on Client’s behalf for Incoming Payments, as defined belowBeneficiary other than itself, to a Funding Balance. Client acknowledges and agrees that AFEX shall not pay interest treats all funds received without Delivery Instructions to Client on Funding Balancea Beneficiary other than itself, as funds maintained pending instructions from Client.

Appears in 1 contract

Samples: www.afex.com

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Funds Applied to Client’s Funding Balance. AFEX will credit all funds purchased by Client or paid to it by Client, or a third party on Client’s behalf for Incoming Payments, as defined below, to a Funding Balance. Balance Client acknowledges and agrees that AFEX shall not pay interest to Client on Funding Balance.

Appears in 1 contract

Samples: Part v – Terms and Conditions

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