MATURED FUNDS Sample Clauses

MATURED FUNDS. On the last day of each month during the Term, Lender shall credit Borrower's account with interest at the Matured Funds Rate in effect during such month on the average daily balance during such month of any amounts payable by Lender to Borrower hereunder which are not drawn by Borrower on the Settlement Date.
Sample 1Sample 2Sample 3See All (10)
AutoNDA by SimpleDocs
MATURED FUNDS. On the last day of each month, Factor shall credit Client's account with interest at the Matured Funds Rate in effect during such month on the average daily balance during such month of any amounts payable by Factor to Client hereunder (as confirmed by Factor by appropriate credit to Client's account with Factor) which are not drawn by Client on the Settlement Date, while held by Factor after the Settlement Date.
Sample 1Sample 2See All (4)
MATURED FUNDS. On the last day of each month, we shall credit your account with interest at the Matured Funds Rate in effect during such month on the average daily balance during such month of any amounts payable by us to you or the Other Client, as the case may be, hereunder (as confirmed by us by appropriate credit to your account with us or the Other Client's account, as the case may be) which are not drawn by you on the Maturity Date, while held by us after the Maturity Date. "
Sample 1Sample 2
MATURED FUNDS. In the event that any amounts payable by the Lender to the Borrower under this Agreement or any Security Agreement (as confirmed by the Lender by appropriate credit to the Borrower's account(s) with the Lender) are not drawn by the Borrower, the Lender shall pay to the Borrower interest on such amounts while so held by the Lender (such amounts, while so held, being hereinafter referred to as "Matured Funds"), at rates announced by the Lender from time to time as the Lender's matured funds rate (the "Matured Funds Rate", which Matured Funds Rate may not be made available at all times to all customers of the Lender). Interest hereunder at the Matured Funds Rate shall be paid to the Borrower by credit to the Borrower's account(s) monthly on the last day of the month in which such interest accrues. Any change announced by the Lender in the Matured Funds Rate shall be effective only after ten (10) days prior written notice to the Borrower of the Lender's intention to make such change. As of the Effective Date, the Matured Funds Rate on the average daily balance of Matured Funds held by the Borrower during any month shall be a rate per annum equal to three percent (3%) less than the average Alternate Base Rate in effect during such month. 3.13
Sample 1
MATURED FUNDS. On the last day of each month, we shall credit your account with interest at the Matured Funds Rate in effect during such month on the average daily balance during such month of any amounts payable by us to River Oaks as agent hereunder (as confirmed by us by appropriate credit to your account with us) which are not drawn by River Oaks as agent on the Settlement Date, while held by us after the Settlement Date.
Sample 1
MATURED FUNDS. 31 3.6 Computation of Interest and Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 3.7 Maximum Charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 3.8
Sample 1
MATURED FUNDS. In the event that any amounts payable by Factor to Client hereunder (as confirmed by Factor’s appropriate credit to Client’s account) are not drawn by Client on a Settlement Date (“Undrawn Amounts”), Factor shall, on the last day of the month in which such Settlement Date occurs, credit Client’s account with interest at the Matured Funds Rate in effect during such month on the average daily balance of Undrawn Amounts held during such month by Factor after the relevant Settlement Date. *** Portion for which confidential treatment requested.
Sample 1
AutoNDA by SimpleDocs
MATURED FUNDS. On the last day of each month, Lender shall credit Borrower's account with interest at a rate per annum equal to three percent (3%) less than the average Alternate Base Rate in effect during such month on the average daily balance of any amounts payable by Lender to Borrower hereunder with respect to Receivables (as confirmed by Lender by appropriate credit to Borrower's account with Lender) which are not drawn by Borrower on the Maturity Date, while held by Lender after the Maturity Date.
Sample 1

Related to MATURED FUNDS

  • COVERED FUNDS The Funds to be covered under this Agreement include: Fund Name Board Approval Date Horizon Active Asset Allocation Fund December 15, 2011 SELECTED SERVICES and FEES The Fund(s) shall pay to GFS the following fees: (all basis point fees will be calculated based upon the average net assets of the Fund for the previous month) Fund Accounting Fees

  • Investment Company Act; Investments The Company has been advised concerning the Investment Company Act of 1940, as amended (the “Investment Company Act”), and the rules and regulations thereunder and has in the past conducted, and intends in the future to conduct, its affairs in such a manner as to ensure that it will not become an “investment company” or a company “controlled” by an “investment company” within the meaning of the Investment Company Act and such rules and regulations. The Company is not, nor will the Company become upon the sale of the Units and the application of the proceeds therefore as described in the Prospectus under the caption “Use of Proceeds”, an “investment company” or a person controlled by an “investment company” within the meaning of the Investment Company Act. No more than 45% of the “value” (as defined in Section 2(a)(41) of the Investment Company Act) of the Company’s total assets (exclusive of cash items and “Government Securities” (as defined in Section 2(a)(16) of the Investment Company Act) consist of, and no more than 45% of the Company’s net income after taxes is derived from, securities other than the Government Securities.

  • Investment Company Act Margin Regulations (a) Neither any Obligor nor any of its Restricted Subsidiaries is, or is regulated as, an “investment company,” as such term is defined in the Investment Company Act of 1940 (as adopted in the United States), as amended.

  • Permissible Investments The assets of the Plan shall be invested only in those investments which are available through the Custodian in the ordinary course of business which the Custodian may legally hold in a qualified plan and which the Custodian chooses to make available to Employers for qualified plan investments. Notwithstanding the preceding sentence, the Prototype Sponsor may, as a condition of making the Plan available to the Employer, limit the types of property in which the assets of the Plan may be invested.

  • Margin Regulations; Investment Company Act (a) The Borrower is not engaged and will not engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock.

  • Regulated Investment Company The Company has elected to be treated, and has operated, and intends to continue to operate, its business in such a manner so as to enable the Company to continue to qualify as a regulated investment company under Subchapter M of the Code. The Company intends to direct the investment of the proceeds of the offering of the Securities in such a manner as to comply with the requirements of Subchapter M of the Code.

  • Minimum Investment Subject to certain individual state requirements and except for shares issued pursuant to the DRIP, Shares may be sold only to investors who initially purchase a minimum of $5,000, subject to certain state requirements as described in the Prospectus. With respect to Selected Broker-Dealer’s participation in any resales or transfers of the Shares, Selected Broker-Dealer agrees to comply with any applicable requirements set forth in Section 2 and to fulfill the obligations pursuant to FINRA Rule 2310.

  • Investment Company Act; Xxxxxxx Rule The Borrower (i) is not, and is not controlled by, an “investment company” registered or required to be registered under the Investment Company Act and (ii) is not a “covered fund” under the Xxxxxxx Rule. In determining that the Borrower is not a “covered fund” under the Xxxxxxx Rule, the Borrower relies on, and is entitled to rely on, the exemption from the definition of “investment company” set forth in Section 3(c)(5) of the Investment Company Act.

  • Regulated Investment Company Status During the 12-month period following the Closing Time, the Company will use its commercially reasonable efforts to qualify and elect to be treated as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”) and to maintain such qualification and election in effect for each full fiscal year during which it is a business development company under the 1940 Act.

  • Investment Companies No Restricted Entity or Affiliate thereof is an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended.

Time is Money Join Law Insider Premium to draft better contracts faster.