Secured Funds Sample Clauses

Secured Funds. The placement and counting of currency in, and the compilation and transmission of Reports and other data from the Smart Safe equipment are subject exclusively to the terms of the Smart Safe Courier Agreement. The Service commences once Bank has received the first Report from Client’s Smart Safe Courier reporting the amount of Cash counted and secured in a cassette ("Secured Funds ") and is subject to Bank’s receipt of accurate and timely Reports in a correct and readable format. Client agrees that all Secured Funds will be delivered to Client’s Smart Safe Courier for transportation to Bank or an approved Virtual Vault location for verification and processing, and will not be removed from the Smart Safe or used by Client for any purpose. Bank’s Service is offered only for Secured Funds.
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Secured Funds. The placement and counting of currency in, and the compilation and transmission of data from the Smart Safe, are subject exclusively to the terms of the Provider agreement and are not part of the Service. The Service depends on the accurate and timely receipt in readable, agreed-upon format of the data from the Provider reporting the amount of funds counted and secured in a Smart Safe cassette (“Secured Funds”). Secured Funds must not be removed from the Smart Safe or used by Client for any purpose. The Service only applies to Secured Funds. If Client places cash, Checks, or other instruments in the Smart Safe outside the cassette that are picked up by Client’s Carrier, such cash, Checks, or other instruments are not Secured Funds under these Service Terms & Conditions.
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Related to Secured Funds

  • Credit Union Lien and Security Interest To the extent you owe the Credit Union money as a borrower, guarantor, indorser or otherwise, the Credit Union has a lien on any or all of the funds in any account in which you have an ownership interest at the Credit Union, regardless of the source of the funds. The Credit Union may apply these funds in any order to pay off your indebtedness without further notice to you. If the Credit Union chooses not to enforce its lien, the Credit Union does not waive its right to enforce the lien at a later time. In addition, you grant the Credit Union a consensual security interest in your accounts and agree the Credit Union may use the funds from your accounts to pay any debt or amount owed the Credit Union, except obligations secured by your dwelling, unless prohibited by applicable law. All accounts are nonassignable and nontransferable to third parties.

  • Security Rule Obligations The following provisions of this section apply to the extent that Business Associate creates, receives, maintains or transmits Electronic PHI on behalf of Covered Entity.

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