Pre-funding. If Bank requires you to pre-fund your Credit Entries and your Designated Account does not contain sufficient available collected balances at least equal to each unprocessed Credit Entry immediately prior to the time Bank processes such Credit Entry, your Credit Entry may be suspended and deleted from Bank’s ACH processing system, resulting in the non-payment of your Credit Entry. If Bank suspends and deletes your Credit Entry because your Designated Account does not contain sufficient available collected balances, it is your responsibility to deposit additional funds into your Designated Account and then re-submit your Credit Entry to Bank for processing.
Pre-funding. Financial Institution reserves the right to require Member Client to pre-fund an Account maintained at Financial Institution prior to the Settlement Date of the ACH file. Financial Institution shall determine whether pre-funding is required based on criteria established from time to time by Financial Institution. Financial Institution will communicate directly to Member Client if pre-funding is required and, if requested by Member Client, will provide Member Client with an explanation of its pre-funding criteria. If it is determined that pre-funding is required, Member Client will provide immediately available and collected funds sufficient to pay all Entries initiated by Member Client (a) not later than 12:00 p.m. local time, 2 Business Days before each Settlement Date, and (b) prior to initiating any Entries for which pre-funding is required.
Pre-funding. 24.1 The Lender may, at its absolute discretion, and if agreed with you, agree to transfer to you or your solicitors all or part of the Loan to be advanced on the first Drawdown Date notwithstanding that the conditions to the availability of the Loan specified in paragraph 3 have not been satisfied (a "Pre Funding Advance"). Any such transfer shall not constitute a waiver of any of the conditions specified in paragraph 3 and the sums transferred shall, unless and until the Lender confirms that all of the requirements of paragraph 3 above have been satisfied, be repayable immediately upon demand by the Lender.
24.2 You agree that where a Pre Funding Advance has been made, you will:-
24.2.1 indemnify the Lender on demand against any cost, expense, loss or liability incurred by the Lender (including, without limit, interest, broken funding costs and transmission charges) as a result the Lender having made the Pre Funding Advance; and
24.2.2 pay to the Lender interest at the Interest Rate from the date on which the Pre Funding Advance is made, to the earlier of the date upon which the Lender confirms that the requirements of paragraph 3 in relation to the Loan have been satisfied (whereupon the Pre Funding Advance shall be deemed to have been repaid, and the Loan borrowed in an equal amount) and the date on which the Pre Funding Advance is repaid to the Lender, both dates inclusive.
Pre-funding. Financial Institution reserves the right to require Third-Party Sender to pre-fund an Account maintained at Financial Institution prior to the Settlement Date of the ACH file. Financial Institution shall determine whether pre-funding is required based on criteria established from time to time by Financial Institution. Financial Institution will communicate directly to Third-Party Sender if pre-funding is required and, if requested by Third-Party Sender, will provide Third-Party Sender with an explanation of its pre-funding criteria. If it is determined that pre- funding is required, Third-Party Sender will provide immediately available and collected funds sufficient to pay all Entries initiated by Third-Party Sender (a) not later than 12:00 p.m. local time, 2 Business Days before each Settlement Date, and (b) prior to initiating any Entries for which pre-funding is required.
Pre-funding. Financial Institution reserves the right to require Company to pre-fund an Account maintained at Financial Institution prior to the Settlement Date of the ACH file. Company will provide immediately available and collected funds sufficient to pay all Entries initiated by Company prior to initiating any Entries for which pre-funding is required. Financial Institution will not be obligated to process, transmit, or settle for the Entries received from Company if available funds are not on deposit.
Pre-funding. HVFCU reserves the right to require you to pre-fund an Account maintained at HVFCU prior to the Settlement Date of the ACH file. HVFCU shall determine whether pre-funding is required based on criteria established from time to time by HVFCU. HVFCU will communicate directly to you if pre-funding is required and, if requested by you, will provide you with an explanation of its pre- funding criteria. If it is determined that pre-funding is required, you will provide immediately available and collected funds sufficient to pay all Entries initiated by you (a) not later than 2:30 p.m. one business day before each Settlement Date, and (b) prior to initiating any Entries for which pre-funding is required.
Pre-funding. (a) Upon the delivery of the Deliverables identified in the [***]-SOW as due evidence of proof of concept for the [***]-SOW, Transphorm may request in writing pre-funding by Nexperia of the Development Work under the [***]-SOW as further set forth in Section 3.1 of the LSA.
(b) Upon the delivery of the Deliverables identified in the [***]-SOW as due evidence of proof of concept for the [***]-SOW, Transphorm may request in writing pre-funding by Nexperia of the Development Work under the [***]-SOW as further set forth in Section 3.2 of the LSA.
Pre-funding. A Recipient may, but shall not be required, to pre-fund to Employer amounts expected to be incurred by such Recipient as Covered Costs for any period or periods. In such event, Employer shall receive and accept such amounts, and shall apply the same as and to the extent Covered Costs become allocable hereunder to such Recipient. Employer shall be permitted to co-mingle any amounts pre-funded by Recipients with funds of Employer, but shall maintain books and records adequate to account for the receipt, maintenance and application of pre-funded amounts. Upon the request of a Recipient, Employer shall provide such Recipient with Employer’s estimate of the Covered Costs that will become allocable to such Recipient during a period specified by such Recipient as one for which Recipient desires to pre-fund. Promptly following any termination of this Agreement pursuant to Article X, Employer shall refund to each Recipient the amount, if any, previously pre-funded by such Recipient that exceeds the total costs allocable to such Recipient that remain owing and payable by such Recipient as of the termination of this Agreement.
Pre-funding. In order to provide for the payment of any amount in respect of the Bonds (other than the amounts payable under Condition 7(d)) (the “Relevant Amount”) as the same shall become due, the Issuer shall, in accordance with the Agency Agreement, by no later than the Business Day falling ten Business Days (the “Pre-funding Date”) prior to the due date for such payment under these Conditions:
(i) unconditionally pay or procure to be paid the Relevant Amount into the Pre-funding Account; and
(ii) deliver to the Trustee and the Principal Paying Agent by facsimile (x) a Payment and Solvency Certificate signed by any Authorised Signatory of the Issuer, and (y) a copy of the irrevocable payment instruction from the Issuer to the Pre-funding Account Bank to pay the Relevant Amount which was paid into the Pre-funding Account on the Pre-funding Date in full to the Principal Paying Agent by no later than 10:00 a.m. (Hong Kong time) on the Business Day immediately preceding the due date for such payment (together, the “Required Confirmations”). The Pre-funding Account Bank shall notify the Trustee by 10:00 a.m. (Hong Kong time) on the Business Day immediately following the Pre-funding Date upon the failure by the Issuer to pay the Relevant Amount into the Pre-funding Account in accordance with these Conditions. If the Relevant Amount has not been paid into the Pre-funding Account in full and the Pre-funding Account Bank has notified the Trustee of such failure (and the Trustee may rely conclusively on any such confirmation), or the Trustee does not receive the Required Confirmations, in each case by 10:00 a.m. (Hong Kong time) on the Business Day immediately following the Pre-funding Date (a “Pre-funding Failure”), the Trustee shall:
(A) send the notice (the “Pre-funding Failure Notice”) to the Bondholders by the second Business Day immediately following the Pre-funding Date of (a) the Pre-funding Failure and (b) the redemption of the Bonds in accordance with Condition 7(d) to occur as a result of the Pre-funding Failure; and
(B) by no later than 6:00 p.m. (Hong Kong time) on the second Business Day immediately following the Pre-funding Date issue a Demand to the LC Bank for the principal amount in respect of all of the Bonds then outstanding, together with interest accrued to, but excluding, the Mandatory Redemption Date (as defined in Condition 7(d)) and all fees, costs, expenses, indemnity payments and all other amounts payable by the Issuer under or in connection with ...
Pre-funding. UVACCU reserves the right to require Member to pre-fund an Account maintained at UVACCU prior to the Settlement Date of the ACH file. UVACCU shall determine whether pre-funding is required based on criteria established from time to time by UVACCU. UVACCU will communicate directly to Member if pre-funding is required and, if requested by Member, will provide Member with an explanation of its pre-funding criteria. If it is determined that pre-funding is required, Member will provide immediately available and collected funds sufficient to pay all Entries initiated by Member (a) not later than 8:00 a.m. local time 2 banking days before each Settlement Date, and (b) prior to initiating any Entries for which pre-funding is required.
