Good Funds Sample Clauses
The Good Funds clause defines the requirement that any payments made under an agreement must be in immediately available, cleared funds. In practice, this means that payments such as wire transfers, certified checks, or other forms of payment must be fully processed and accessible before any obligations—like closing a transaction or transferring ownership—are fulfilled. This clause ensures that parties do not proceed based on unverified or pending payments, thereby reducing the risk of non-payment or delays due to insufficient funds.
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Good Funds. All amounts payable by the parties at Closing, including any loan proceeds, Cash at Closing 120 and closing costs, must be in funds that comply with all applicable Colorado laws, including electronic transfer funds, certified 121 check, savings and loan teller’s check and cashier’s check (Good Funds).
Good Funds. Shares purchased by treasurer's, cashier, certified, or official check, or by wire transfer will be considered collected immediately ("Good Funds"). Absent information to the contrary (i.e., notification from the payee institution), Uncollected Funds will be considered Good Funds on the tenth calendar day following trade date.
Good Funds. All funds used for the purchase of the Purchased Shares originated directly from a bank or brokerage account in the name of the Purchaser located within the United States of America or another Compliant Jurisdiction as defined in by the Financial Action Task Force on Money Laundering (found at ▇▇▇▇://▇▇▇.▇▇▇▇.▇▇▇/fatf/) or in any other manner that may violate the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001, Pub. L. No. 107-56, 115 Stat. 272, or any similar law or regulation or executive order based on such law.
Good Funds. All funds, including the Purchase Price to be paid by Buyer, must be paid before or at Closing or as otherwise agreed in writing between the parties to allow disbursement by Closing Agent at Closing OR SUCH NONPAYING PARTY WILL BE IN DEFAULT. Buyer represents that Buyer, as of the date of this Contract, has funds that are immediately verifiable and available in an amount not less than the amount of the Total Purchase Price set forth in Section 3(a) above.
Good Funds. All purchase payments transferred or that may be transferred to the Company pursuant to this Agreement originated directly from a bank or brokerage account in the name of the Buyer located within the United States of America or another Compliant Jurisdiction as defined in by the Financial Action Task Force on Money Laundering (found at ▇▇▇▇://▇▇▇.▇▇▇▇.▇▇▇/fatf/).
Good Funds. Buyer and Seller shall pay, in Good Funds, their respective closing costs and all other items required to be paid at 399 Closing, except as otherwise provided herein.
Good Funds. Shares purchased by wire transfer or automatically through a shareholder's paycheck will be considered collected immediately ("Good Funds"). Absent information to the contrary (i.e., notification from the payee institution), Uncollected Funds will be considered Good Funds on the tenth calendar day following trade date.
Good Funds. All payments required at closing shall be delivered to the Purchaser on the date of closing.
Good Funds. The Initial Deposit shall be held and disbursed in accordance with the escrow provisions set forth in Section 2.3.
Good Funds. Buyer and Seller shall pay, in Good Funds, their respective Closing costs and all other items required to be paid at Closing, except as otherwise provided herein.