Funds at Risk Sample Clauses
The 'Funds at Risk' clause defines the circumstances under which certain funds may be exposed to loss or forfeiture during the course of a contractual relationship. Typically, this clause outlines specific events or breaches—such as non-performance, default, or failure to meet agreed milestones—that would put deposited or escrowed funds at risk. For example, if a party fails to deliver services as promised, the funds held in escrow may be released to the non-breaching party. The core function of this clause is to allocate financial risk and incentivize compliance by making clear when and how funds may be lost, thereby protecting the interests of the parties involved.
Funds at Risk. Funds held in any FPF Account are uninsured. Funds are protected only by the financial condition of Lender. In the event Lender were to become insolvent and liquidated, the funds in Borrower’s FPF Account would be applied against any outstanding Loan of Borrower. Any funds in excess of the total outstanding Loan balances would be at risk and subject to the claims of creditors of Lender.
Funds at Risk. Funds held in any Future Payment Fund Account are uninsured. Funds are protected only by the financial condition of AgWest. In the event AgWest were to become insolvent and liquidated, the funds in the Borrowers’ Future Payment Fund Account would be applied against any outstanding Loans of the Borrowers. Any funds in excess of the total outstanding Loan balances would be at risk and subject to the claims of creditors of AgWest.
Funds at Risk. The funds deposited in the Funds Held Account are at risk and are not insured. Borrower is solely dependent on the commitment and financial condition of the Lender with respect to the Lender's ability to honor the terms and conditions contained in