Funds Verification Clause Samples
The Funds Verification clause establishes a process for confirming that sufficient funds are available to fulfill a financial obligation under an agreement. Typically, this involves one party providing evidence, such as a bank statement or a letter from a financial institution, to demonstrate their ability to pay or meet financial commitments. This clause helps ensure that parties can rely on the other’s financial capacity, reducing the risk of non-payment or default.
Funds Verification the validation of sufficient funds in your Account for transactions on your Account and your Account being in active good standing with the Bank, as determined by Bank.
Funds Verification. When the initiation of Funding is made, Company will perform a balance verification on the External Account linked to the ETATM Program. We use a third-party, Plaid, to gather your data from external financial institutions you connect via the Tiphaus SaaS Platform. By participating in the ETATM Program, you grant us and Plaid the right, power, and authority to act on your behalf to access and verify available funds information from the relevant financial institution. You agree to your personal and financial information being transferred, stored, and processed by Plaid in accordance with the Plaid Privacy Policy at ▇▇▇▇▇.▇▇▇/▇▇▇▇▇.
Funds Verification. The issuing bank is contacted to verify that the Cashier’s Check holds sufficient funds in the account. ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ ' Approval for the sale: The corresponding resort/membership agency will receive a call and request from ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ LAW OFFICE for a Certificate of Release for the sale of your membership. Please understand that ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ LAW OFFICE CANNOT AUTHORIZE A PAYMENT FROM THE BUYER FOR YOUR MEMBERSHIP UNLESS A CERTIFICATE OF RELEASE IS GRANTED BY YOUR RESORT. ( Request Closing Documents: After ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ LAW OFFICE verifies the Seller(s) have received the funds for the sale, they will verify that all closing documents are sent by priority mail since original signatures are needed in the final documentation.
Funds Verification. Buyer is to provide evidence satisfactory to Seller, of the availability of funds for the purchase of the Property, at any time as reasonably requested by Seller.