REFLOW OF FUNDS. Section 6.1. If, pursuant to the relevant decision of the Governing Board, any Trust Fund funds transferred to the IE for a PPR Activity are used to provide financing and/or other services, which generates any PPR Reflow of Funds, and such PPR Activity Reflow of Funds are required to be returned to the Trust Fund according to the terms of relevant Funding Request and the Operations Manual under which the Allocation has been made, then the IE shall credit and hold the PPR Activity Reflows in the IE Trust Fund/Account (following their receipt by the IE), until such time that the funds are returned to the Trustee in accordance with Section 6.2 below. The IE shall maintain a record of any such PPR Activity Reflow of Funds and report them to the Trustee in accordance with Section 10.2. below. Section 6.2. Unless otherwise agreed with the Trustee, the IE shall, within thirty (30) calendar days after the receipt of a notice from the Trustee, return to the Trustee to such account as the Trustee may designate, any PPR Activity Reflow of Funds that are received and held by it in the IE Trust Fund/Account since the previous return, if applicable, of PPR Activity Reflow of Funds to the Trustee. Section 6.3. For the avoidance of doubt, subject to Section 8.1 below, and absent gross negligence or willful misconduct on the part of the IE, the IE shall have no liability for any non-payment of PPR Activity Reflow of Funds from the PPR Activity Recipients. The risk of such non-payment by the PPR Activity Recipients in respect of or arising under any agreements entered into between the IE and the PPR Activity Recipients in connection with the Trust Fund resources shall be borne by the Trust Fund.

REFLOW OF FUNDS. Section 8.1. If any Fund funds transferred to the Partner Agency for Fund Projects are used to provide financing which generates any reflow of funds, and such reflow of funds are required to be returned to the Fund under the terms of the financing approved by the Fund Council or the CEO, as applicable, in accordance with the policies and procedures of the Fund, the Partner Agency shall receive such reflow of funds from the project recipient or such other party, and credit and hold the funds in the Partner Agency TF (following their receipt by the Partner Agency), until the Trustee requests the Partner Agency to return them to the Trustee at such account as the Trustee may designate. The Partner Agency shall maintain a record of any such reflow of funds and report them to the Trustee pursuant to Section 12.2.(e) below. For the avoidance of doubt, the reflow of funds does not include unused funds from Fund Projects. Any unused funds from Fund Projects shall be administered by the Partner Agency in accordance with Sections 7.2. and 7.3. above.

REFLOW OF FUNDS. Section 6.1. If, pursuant to the relevant decision of the Governing Board, any Trust Fund funds transferred to the IE for a [PPR] Activity are used to provide financing and/or other services, which generates any [PPR] Reflow of Funds, and such [PPR] Activity Reflow of Funds are required to be returned Section 6.2. Unless otherwise agreed with the Trustee, the IE shall, within thirty (30) calendar days after the receipt of a notice from the Trustee, return to the Trustee to such account as the Trustee may designate, any [PPR] Activity Reflow of Funds that are received and held by it in the IE Trust Fund/Account since the previous return, if applicable, of [PPR] Activity Reflow of Funds to the Trustee. Section 6.3. For the avoidance of doubt, subject to Section 8.01 below, and absent gross negligence or willful misconduct on the part of the IE, the IE shall have no liability for any non-payment of [PPR] Activity Reflow of Funds from the [PPR] Activity Recipients. The risk of such non-payment by the We-Fi Activity Recipients in respect of or arising under any agreements entered into between the IE and the [PPR] Activity Recipients in connection with the Trust Fund resources shall be borne by the Trust Fund.

REFLOW OF FUNDS. Section 6.1. If, pursuant to the relevant decision of the Governing Board, any Trust Fund funds transferred to the IE for a PPR Activity are used to provide financing and/or other services, which generates any PPR Reflow of Funds, and such PPR Activity Reflow of Funds are required to be returned to the Trust Fund according to the terms of relevant Funding Request and the Operations Manual under which the Section 6.2. Unless otherwise agreed with the Trustee, the IE shall, within thirty (30) calendar days after the receipt of a notice from the Trustee, return to the Trustee to such account as the Trustee may designate, any PPR Activity Reflow of Funds that are received and held by it in the IE Trust Fund/Account since the previous return, if applicable, of PPR Activity Reflow of Funds to the Trustee. Section 6.3. For the avoidance of doubt, subject to Section 8.1 below, and absent gross negligence or willful misconduct on the part of the IE, the IE shall have no liability for any non-payment of PPR Activity Reflow of Funds from the PPR Activity Recipients. The risk of such non-payment by the PPR Activity Recipients in respect of or arising under any agreements entered into between the IE and the PPR Activity Recipients in connection with the Trust Fund resources shall be borne by the Trust Fund.

REFLOW OF FUNDS. 5.1. If any Trust Fund funds transferred to the IFC are used for an investment activity pursuant to an Allocation which generates any reflow of funds such as any payments of principal, interest, fee reimbursement or any other reflow of funds generated from financial products the IFC extended with Trust Fund funds, and such are required to be returned to the Trust Fund in accordance with the Allocation, the IFC shall credit and hold the reflows in the Funding Account until such time that the funds are returned to the Bank in accordance with paragraph 5.2 below. 5.2. Unless otherwise specified in an approved funding request, within thirty (30) calendar days after June 30 of each year, IFC shall return to the Bank to such account the Bank may designate, any reflow of funds that are received and held by it in the Funding Account during the said year. 5.3. For the avoidance of doubt, subject to Section 6.1 below, and absent gross negligence or willful misconduct on the part of the IFC, the IFC shall have no liability for any non-payment of reflow of funds from activity recipients. The risk of such non-payment by the activity recipients in respect of or arising under any agreements entered into between the IFC and the activity recipients in connection with the Trust Fund resources shall be borne by the Trust Fund.

Related to REFLOW OF FUNDS

Flow of Funds (i) The Trustee shall deposit in the Certificate Account without duplication, upon receipt, with respect to Group I, the proceeds of any liquidation of the assets of the Trust insofar as such assets relate to Group I, all remittances made to the Trustee pursuant to Sections 8.08(e), 8.09 and 8.10 with respect to Group I and the Group I Monthly Remittance Amount remitted by the Servicer. (ii) The Trustee shall deposit in the Certificate Account without duplication, upon receipt, with respect to Group II, the proceeds of any liquidation of the assets of the Trust insofar as such assets relate to Group II, all remittances made to the Trustee pursuant to Sections 8.08(e), 8.09 and 8.10 with respect to Group II and the Group II Monthly Remittance Amount remitted by the Servicer. (b) On each Distribution Date, the Trustee shall make the following allocations, disbursements and transfers (based solely on information provided by the Servicer in writing), from amounts deposited in the Certificate Account pursuant to subsection (a) in the following order of priority, and each such allocation, transfer and disbursement shall be treated as having occurred only after all preceding allocations: A. With respect to amounts in the Certificate Account received with respect to Group I: 1. To the Trustee, the Trustee Fee and any Transition Expenses for Group I. 2. Concurrently, to each Class of Group I Certificates, the related Class Monthly Interest Amount and any related Class Interest Carryover Shortfall for the Distribution Date, allocated among each such Class of Group I Certificates on a pro rata basis based on each Group I Certificate’s Class Monthly Interest Amount and Class Interest Carryover Shortfall without priority among such Group I Certificates. 3. The remaining amount pursuant to clause C. below. B. With respect to amounts in the Certificate Account received with respect to Group II: 1. To the Trustee, the Trustee Fee and any Transition Expenses for Group II. 2. Concurrently, to each Class of Group II Certificates, the related Class Monthly Interest Amount and any related Class Interest Carryover Shortfall for the Distribution Date, allocated among each such Class of Group II Certificates on a pro rata basis based on each Group II Certificate’s Class Monthly Interest Amount and Class Interest Carryover Shortfall without priority among such Group II Certificates. 3. The remaining amount pursuant to clause C. below. C. With respect to any remaining amounts in the Certificate Account received with respect to Group I and Group II: 1. Concurrently, to the Senior Certificates in both Certificate Groups, the related Class Monthly Interest Amount and any related Class Interest Carryover Shortfall to the extent not paid pursuant to clauses A. and B. above on the applicable Distribution Date, allocated among each such Class of Senior Certificates pro rata based on the amount that would have been distributed to each such Class in the absence of such shortfall.
Escrow of Funds Subject to the terms and conditions of the Grant Agreement, OPWC will disburse to Escrow Agent Grant funds available to Recipient, which disbursement shall be made by a check sent to Escrow Agent via regular U.S. Mail, or by such other means determined by the Director in the Director’s sole discretion, prior to the closing date as scheduled under the Contract (the “Escrow Funds”). The Escrow Funds shall be held by Escrow Agent, together with any funds of Recipient made available prior to closing on the terms and conditions hereinafter set forth.
Collection of Funds Except as permitted under this Indenture, the Indenture Trustee may demand payment or delivery of, and will receive and collect, directly the funds and other property payable to or to be received by the Indenture Trustee under this Indenture and the Sale and Servicing Agreement. The Indenture Trustee will apply the funds and other property received by it, and will make deposits to, and distributions from, the Bank Accounts, under this Indenture and the Sale and Servicing Agreement.
Allocation of Funds A. The Faculty Development Committee shall approve all applications for reassignment of duties that do not require additional funding and have been endorsed by the applicant’s Division. B. The Faculty Development Committee shall follow the guidelines established in consultation between the parties in deciding which applications for faculty development funding will be approved.
Commingling of Funds So long as the Company is Servicer, any collections in respect of Contracts collected by the Company shall, prior to the deposit thereof in the Certificate Account, be held in bank accounts entitled substantially as follows: "[name of depository], as agent for U.S. Bank National Association as Trustee, other trustees, and Green Tree Financial Corporation, as their interests may appear."
Repayment of Funds If AMO declares that an Event of Default has not been cured to its exclusive satisfaction, AMO reserves the right to declare that prior payments of Funds become a debt to Canada which the Recipient will reimburse forthwith on demand to AMO for transmission to Canada.
Disbursement of Funds (a) No later than 2:00 p.m. (New York City time) on the date specified in each Notice of Borrowing (including Mandatory Borrowings), each Lender made available its pro rata portion, if any, of each Borrowing requested to be made on such date in the manner provided below; provided that on the Original Closing Date, such funds were made available at such earlier time as may be agreed among the Lenders, the Borrower and the Administrative Agent for the purpose of consummating the Transactions; provided further that all Swingline Loans shall be made available to the Borrower in the full amount thereof by the Swingline Lender no later than 4:00 p.m. (New York City time) on the date requested. (b) Each Lender shall make available all amounts it is to fund to the Borrower under any Borrowing for its applicable Commitments, and in immediately available funds to the Administrative Agent at the Administrative Agent’s Office and the Administrative Agent will (except in the case of Mandatory Borrowings and Borrowings to repay Unpaid Drawings) make available to the Borrower, by depositing to an account designated by the Borrower to the Administrative Agent the aggregate of the amounts so made available in the applicable currency. Unless the Administrative Agent shall have been notified by any Lender prior to the date of any such Borrowing that such Lender does not intend to make available to the Administrative Agent its portion of the Borrowing or Borrowings to be made on such date, the Administrative Agent may assume that such Lender has made such amount available to the Administrative Agent on such date of Borrowing, and the Administrative Agent, in reliance upon such assumption, may (in its sole discretion and without any obligation to do so) make available to the Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Administrative Agent by such Lender and the Administrative Agent has made available such amount to the Borrower, the Administrative Agent shall be entitled to recover such corresponding amount from such Lender. If such Lender does not pay such corresponding amount forthwith upon the Administrative Agent’s demand therefor the Administrative Agent shall promptly notify the Borrower and the Borrower shall immediately pay such corresponding amount to the Administrative Agent in the applicable currency. The Administrative Agent shall also be entitled to recover from such Lender or the Borrower interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Administrative Agent to the Borrower to the date such corresponding amount is recovered by the Administrative Agent, at a rate per annum equal to (i) if paid by such Lender, the Overnight Rate or (ii) if paid by the Borrower, the then-applicable rate of interest or fees, calculated in accordance with Section 2.8, for the respective Loans. (c) Nothing in this Section 2.4 shall be deemed to relieve any Lender from its obligation to, fulfill its commitments hereunder or to prejudice any rights that the Borrower may have against any Lender as a result of any default by such Lender hereunder (it being understood, however, that no Lender shall be responsible for the failure of any other Lender to fulfill its commitments hereunder).
Return of Funds Contractor will return any overpayments due to unearned funds or funds disallowed pursuant to the terms of the Contract that were disbursed to the Contractor. The Contractor must return any overpayment within forty (40) calendar days after either discovery by the Contractor, its independent auditor, or notification by the Department or Customer of the overpayment.
Payment of Funds No federal appropriated funds have been paid or will be paid by or on behalf of the parties to any person for influencing or attempting to influence an officer or employee of any federal agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with the awarding of any federal contract, the making of any federal grant, the making of any federal loan, the entering into of any cooperative agreement, and the extension, continuation, renewal, amendment, or modification of any federal contract, grant, loan, or cooperative agreement.
Distribution of Funds Deliver (i) to Seller, or order, the cash portion of the Purchase Price, adjusted for prorations, charges and other credits and debits provided for herein; and (ii) to Buyer, or order, any excess funds delivered to Escrow Agent by Buyer. Such funds shall be delivered by wire transfer or cashier’s check in accordance with instructions for Seller and Buyer; if no instructions are given, Escrow Agent shall deliver such funds by Escrow Agent’s check via overnight courier (or as otherwise requested by the intended recipient) to the appropriate party at the address set forth for notice in this Agreement.

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