Examples of Application Money in a sentence
An Eligible Equity Shareholder shall submit the plain paper Application to the Designated Branch of the SCSB for authorising such SCSB to block Application Money in the said bank account maintained with the same SCSB.
In case payment is made in contravention of this, the Application will be deemed invalid and the Application Money will be refunded and no interest will be paid thereon.
Such Application Money will be adjusted for either Allotment or refund.
No interest on Application Money will be paid in respect of applications which are rejected due to any reason.
Cash and cash equivalents held in trust for the GrowersUnder the Scheme and Lease and Management Agreement, the Responsible Entity is required to establish separate bank accounts which are maintained by an independent custodian for certain funds received including Application Money received from Growers and gross proceeds from the sale of harvested trees for electing Growers.