Money Movement Sample Clauses
The money-movement clause defines the procedures and responsibilities for transferring funds between parties under the agreement. It typically outlines the methods of payment, timing, and any conditions that must be met before funds are released, such as the completion of certain milestones or the provision of invoices. This clause ensures that both parties have a clear understanding of how and when payments will be made, reducing the risk of disputes and facilitating smooth financial transactions.
POPULAR SAMPLE Copied 1 times
Money Movement. All money transfers to and from the Portfolio will be made through the STIF. At such time that Portfolio assets in MIP2 are equal to or greater than 20% then the STIF will be removed and henceforth all money transfers to and from the Portfolio will be made through MIP2. If at anytime the percentage of Portfolio assets invested in MIP2 falls below 5% a STIF will be reintroduced to the Portfolio. This STIF will remain in place until the percentage of Portfolio assets invested in MIP2 increase to or are above 20%. If a STIF is utilized then all money transfers to and from the Portfolio will be made through the STIF portion of the Portfolio. Plan level transactions representing cumulative participant level transactions will update nightly to the STIF portion to ensure next day settlement of all transactions.
Money Movement. Boston Financial shall perform money movement services as follows:
Money Movement. All money transfers to and from the Fund will be made through the STIF portion of the Fund.
Money Movement. All money transfers to and from the Portfolio will be made through the STIF. Plan level transactions representing cumulative participant level transactions will update nightly to the STIF portion to ensure next day settlement of all transactions.
Money Movement. If the cash value of the net activity across all Funds results in monies due the Trust Company, Series Trust shall initiate a wire transfer to the Trust Company in accordance with Applicable Deadlines.
Money Movement. All money transfers to and from the Managed Income Fund will be made through the STIF portion of the Managed Income Fund. Plan level transactions representing cumulative participant level transactions will update nightly to the STIF portion to ensure "same day" settlement of all transactions.
Money Movement. If the cash value of the net activity across all Funds results in monies due Company, JHSS shall initiate a wire transfer to Company by 11:00 a.m. E.T. on TD +1.